Support - S1 : 1.1015 | S2 : 1.0916 | S3
: 1.0784
Resistance - R1 : 1.1245 | R2 : 1.1378 | R3 :
1.1476
Main Trend - Bearish
Intraday Trend - Bullish
Studying the charts of forex technical analysis, but also applying all the
technical rules for the exchange rate EURUSD, we observe that in the
four-hour chart the price located on the EMA (50), which acts as a support. The
EMA (50) and the EMA (200) have made recently an upward cross. At the same time
the price moves within the upper channel of a downward Andrews Pitchfork.
The
technical picture of the hourly charts don’t appears any difference, except
that the support to the price is offered by the EMA (200).
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
The area 1.1169 – 1.1223 is a neutral zone.
Bullish scenario : If price move upwards and close above the
neutral zone, then the upward trading targets will be : 1.1285, 1.1350, 1.1380,
1.1430, 1.1470, 1.1530, 1.1600.
Bearish scenario : If price remain below the neutral zone,
then the downward trading targets will be : 1.1070, 1.1025, 1.0970, 1.0910,
1.0855.
1H Chart
The area 1.1126 – 1.1147 is a neutral zone.
Bullish scenario : If the price move upwards and close above
the neutral zone, then the upward trading targets will be : 1.1180, 1.1226,
1.1255, 1.1275, 1.1295, 1.1330.
Bearish scenario : If price remain below the neutral zone,
then the downward trading targets will be : 1.1055, 1.0970, 1.0910, 1.0855.
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.
No comments:
Post a Comment