Support - S1 : 1.5419 | S2 : 1.5396 | S3 : 1.5362
Resistance - R1 : 1.5475 | R2 : 1.5509 | R3 : 1.5532
Main Trend - Bullish
Intraday Trend - Bullish
In forex technical analysis on 4H chart, we observe two Andrew's Pitchfork (the big in blue color and the small in green color). Price is moving at the lower channel of blue Andrew's Pitchfork. At the same time is moving within upper channel of green Andrew's Pitchfork. Also is very important that price remains above EMA(50) and EMA(200), which have a golden cross (upward).
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:
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Resistance - R1 : 1.5475 | R2 : 1.5509 | R3 : 1.5532
Main Trend - Bullish
Intraday Trend - Bullish
In forex technical analysis on 4H chart, we observe two Andrew's Pitchfork (the big in blue color and the small in green color). Price is moving at the lower channel of blue Andrew's Pitchfork. At the same time is moving within upper channel of green Andrew's Pitchfork. Also is very important that price remains above EMA(50) and EMA(200), which have a golden cross (upward).
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:
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