Support - S1 : 76.371 | S2 : 75.633 | S3 : 75.117
Resistance - R1 : 77.625 | R2 : 78.141 | R3 : 78.879
Main Trend - Bullish
Intraday Trend - Bullish
Main Trend - Bullish
Intraday Trend - Bullish
Financial Announcements: USD - ISM Non-Manufacturing PMI
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 price continues to be within the triangular formation and the same time
among the EMA (50) and EMA (200). Also moves in the lower channel of an upward
Andrews Pitchfork.
If the price move upwards, above the EMA (200) and the median line of
Pitchfork will give confirmation for the continuation of the upward
reaction.
4H Chart
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 77.467, 77.680, 77.820, 78.000, 78.300.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 76.240, 76.000, 75.750, 75.400, 75.170.
1H Chart
The area 76.824 – 77.000 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 77.400, 77.750, 77.930, 78.120.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 76.600, 76.440, 76.150, 76.000, 75.800.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 76.600, 76.440, 76.150, 76.000, 75.800.
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 agree with our estimates? If you have another point of view, you can write your opinion in comments.
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