Sunday 25 October 2015

Forex Technical Analysis of NZDUSD for October 26, 2015

Support - S1 : 0.6702 | S2 : 0.6652 | S3 : 0.6571
Resistance - R1 : 0.6833 | R2 : 0.6914 | R3 : 0.6963
Main Trend - Bullish
Intraday Trend - Bullish

On forex technical analysis, at 4H chart is very clear the upward cross between EMA(50) and EMA(200). Price find support from EMA(50) and from the median line of Andrew's Pitchfork. We can observe that the price moves within a triangular formation.

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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