Support - S1 : 1.50800 | S2 : 1.49722 | S3 :
1.49180
Resistance - R1 : 1.52420 | R2 : 1.52962 | R3 : 1.54040
Main Trend - Bearish
Intraday Trend - Bullish
Studying the charts of forex technical analysis for the exchange rate GBPUSD, we observe in the four-hour chart that the price is moving in a strongly rising channel while simultaneously the EMA (50) and EMA (200) have upward cross. Also we should note that the RSI is in overbought area. On the hourly chart, price is moving above the EMA (50) and EMA (200), but MACD seems to lose upward momentum.
Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:
The area 1.5111 – 1.5081 is a neutral zone.
Bullish scenario : If the price move upwards and close above the neutral zone, then the upward trading targets will be : 1.5284 , 1.5335 , 1.5390 .
Bearish scenario : If price move downwards and close below the neutral zone, then the downward trading targets will be: 1.4995 , 1.4853 , 1.4772.
The area 1.5173 – 1.5163 is a neutral zone.
Bullish scenario : If the price move upwards and close above the neutral zone, then the upward trading targets will be : 1.5230 , 1.5270 , 1.5310 .
Bearish scenario : If price move downwards and close below the neutral zone, then the downward trading targets will be: 1.5100 , 1.5060 , 1.5020 , 1.4977.
Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy . We note the need to use stop loss levels.
You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.
Resistance - R1 : 1.52420 | R2 : 1.52962 | R3 : 1.54040
Main Trend - Bearish
Intraday Trend - Bullish
Studying the charts of forex technical analysis for the exchange rate GBPUSD, we observe in the four-hour chart that the price is moving in a strongly rising channel while simultaneously the EMA (50) and EMA (200) have upward cross. Also we should note that the RSI is in overbought area. On the hourly chart, price is moving above the EMA (50) and EMA (200), but MACD seems to lose upward momentum.
Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:
4H Chart
Bullish scenario : If the price move upwards and close above the neutral zone, then the upward trading targets will be : 1.5284 , 1.5335 , 1.5390 .
Bearish scenario : If price move downwards and close below the neutral zone, then the downward trading targets will be: 1.4995 , 1.4853 , 1.4772.
1H Chart
Bullish scenario : If the price move upwards and close above the neutral zone, then the upward trading targets will be : 1.5230 , 1.5270 , 1.5310 .
Bearish scenario : If price move downwards and close below the neutral zone, then the downward trading targets will be: 1.5100 , 1.5060 , 1.5020 , 1.4977.
Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy . We note the need to use stop loss levels.
You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.
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