Sunday 29 November 2015

Forex Technical Analysis of GBPUSD for November 30, 2015

Support - S1 : 1.5002 | S2 : 1.4976 | S3 : 1.4922
Resistance - R1 : 1.5083 | R2 : 1.5136 | R3 : 1.5163
Main Trend - Bearish
Intraday Trend - Bearish

Analyzing the 4H chart of forex technical analysis for the exchange rate GBPUSD you can observe that the price moves within the upper channel of Andrew's Pitchfork forming a local double bottom. EMA(50) and EMA(200) have a downward cross between them and price remain below.

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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Forex Technical Analysis of EURJPY for November 30, 2015

Support - S1 : 129.757 | S2 : 129.418 | S3 : 129.175
Resistance - R1 : 130.339 | R2 : 130.582 | R3 : 130.921
Main Trend - Bearish
Intraday Trend - Bearish

Studying the forex technical analysis on 4H chart for the exchange rate EURJPY, we will observe that the price move below EMA(50) and EMA(200) which have a downward cross between them. At the same time, price remains within the upper channel of Andrew's Pitchfork. Also, price finds support from the lower side of the daily channel.

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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Forex Technical Analysis of GBPJPY for November 30, 2015

Support - S1 : 184.168 | S2 : 183.667 | S3 : 183.100
Resistance - R1 : 185.236 | R2 : 185.803 | R3 : 186.304
Main Trend - Bearish
Intraday Trend - Bearish


On 4H chart of forex technical analysis for the exchange rate GBPJPY is very clear to notice that the price moves within the upper channel of Andrew's Pitchfork. Also, price remains below EMA(50) and EMA(200) which are ready to proceed to a downward cross.


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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Forex Technical Analysis of EURUSD for November 30, 2015

Support - S1 : 1.0561 | S2 : 1.0529 | S3 : 1.0490
Resistance - R1 : 1.0631 | R2 : 1.0669 | R3 : 1.0701
Main Trend - Bearish
Intraday Trend - Bearish

On 4H chart of forex technical analysis for the exchange rate EURUSD, you can see the price move within the lower channel of Andrew's Pitchfork and below EMA(50) and EMA(200). The downtrend is strong enough and all the positive divergence to MACD was unable since now to cause an upward reaction.

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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Sunday 22 November 2015

Forex Technical Analysis of EURUSD for November 23, 2015

Support - S1 : 1.0610 | S2 : 1.0576 | S3 : 1.0512
Resistance - R1 : 1.0709 | R2 : 1.0772 | R3 : 1.0807
Main Trend - Bearish
Intraday Trend - Bearish

If we want to describe the 4H chart of forex technical analysis for the exchange rate EURUSD we have to say that price was unable to break upward the EMA(50) and remain within the lower channel of Andrew's Pitchfork (blue). After the drop of last hours formed a new Andrew's Pitchfork (violet). Price test the median line and at the same time has lost any positive momentum for an upward reaction.

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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Forex Technical Analysis of GBPUSD for November 23, 2015

Support - S1 : 1.5142 | S2 : 1.5098 | S3 : 1.5014
Resistance - R1 : 1.5270 | R2 : 1.5353 | R3 : 1.5398
Main Trend - Bullish
Intraday Trend - Bullish

On forex technical analysis of 4H chart for the exchange rate GBPUSD, we can observe that the upward reaction finish at 61.8 retracements. Price failed for a valid break of EMA(200), and after that return below of EMA(200) and EMA(50) and moves within the upper channel of Andrew's Pitchfork. We have to mention the negative momentum of MACD.

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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Forex Technical Analysis of EURJPY for November 23, 2015

Support - S1 : 130.309 | S2 : 129.862 | S3 : 129.040
Resistance - R1 : 131.578 | R2 : 132.400 | R3 : 132.847
Main Trend - Bearish
Intraday Trend - Bearish

On forex technical analysis of 4H chart for the exchange rate EURJPY, we can observe that price after the failure to break upward the EMA(50) return back and form a local double bottom. Price remain below EMA(50) and EMA(200) and moves within the upper channel of Andrew's Pitchfork.

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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Forex Technical Analysis of GBPJPY for November 23, 2015

Support - S1 : 185.951 | S2 : 185.379 | S3 : 184.317
Resistance - R1 : 187.585 | R2 : 188.647 | R3 : 189.219
Main Trend - Bullish
Intraday Trend - Bullish

Analyzing the 4H chart of forex technical analysis you can observe that price proceed to a 50% retracement and finally close on Friday between EMA(50) and EMA(200), which have an upward cross between them. The exchange rate moves within an upward channel (black lines) and at the same time at the upper channel of Andrew's Pitchfork (blue lines).

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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Sunday 15 November 2015

Forex Technical Analysis of EURUSD for November 16, 2015

Support - S1 : 1.0719 | S2 : 1.0664 | S3 : 1.0616
Resistance - R1 : 1.0822 | R2 : 1.0870 | R3 : 1.0925
Main Trend - Bearish
Intraday Trend - Neutral

On 4H chart of forex technical analysis price continues to move within the lower channel of a downward Andrew's Pitchfork. Price remain below EMA(50) and EMA(200). A possible upward break of EMA(50) must consider as a first indication for a reaction.

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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Forex Technical Analysis of GBPUSD for November 16, 2015

Support - S1 : 1.5194 | S2 : 1.5152 | S3 : 1.5117
Resistance - R1 : 1.5271 | R2 : 1.5306 | R3 : 1.5349
Main Trend - Bullish
Intraday Trend - Bullish

We can observe on the 4H chart of forex technical analysis that price moves between EMA(50) and EMA(200). Also, remain within the lower channel of Andrew's Pitchfork. We have to notice that EMA(200) and the median line is almost at the same level.

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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Forex Technical Analysis of EURJPY for November 16, 2015

Support - S1 : 131.533 | S2 : 131.012 | S3 : 130.474
Resistance - R1 : 132.592 | R2 : 133.130 | R3 : 133.651
Main Trend - Bearish
Intraday Trend - Neutral

Trying to describe the 4H chart of forex technical analysis for the exchange rate EURJPY we have to say that price moves within the upper channel of Andrew's Pitchfork and at the same time is below EMA(50) and 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:

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Forex Technical Analysis of GBPJPY for November 16, 2015

Support - S1 : 186.472 | S2 : 186.119 | S3 : 185.843
Resistance - R1 : 187.101 | R2 : 187.377 | R3 : 187.730
Main Trend - Bullish
Intraday Trend - Bullish

On 4H chart of forex technical analysis, we observe that price moves within a channel. EMA(50) and EMA(200) have an upward cross between them. Price moves at the lower channel of Andrew's Pitchfork and above EMA(50) and 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:

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Sunday 8 November 2015

Forex Technical Analysis of GBPJPY for November 09, 2015

Support - S1 : 184.257 | S2 : 183.142 | S3 : 182.365
Resistance - R1 : 186.149 | R2 : 186.926 | R3 : 188.041
Main Trend - Bullish
Intraday Trend - Bullish

On 4H chart of forex technical analysis, you can observe that price moves between EMA(50) and EMA(200) which have upward crossed between them. Is very clear that the price moves within a channel. Also moves within the lower channel of Andrew's Pitchfork.

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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Forex Technical Analysis of EURJPY for November 09, 2015

Support - S1 : 131.569 | S2 : 130.868 | S3 : 130.299
Resistance - R1 : 132.839 | R2 : 133.408 | R3 : 134.109
Main Trend - Bearish
Intraday Trend - Neutral

You can observe on the 4H chart of forex technical analysis that the price moves within the upper channel of a downward Andrew's Pitchfork. Price remain below EMA(50) and EMA(200) which have a downward cross between them.

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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Forex Technical Analysis of GBPUSD for November 09, 2015

Support - S1 : 1.4980 | S2 : 1.4907 | S3 : 1.4788
Resistance - R1 : 1.5173 | R2 : 1.5292 | R3 : 1.5366
Main Trend - Bearish
Intraday Trend - Bearish

You can observe on the 4H chart of forex technical analysis that the price break downward Andrew's Pitchfork and is moving below of the lower channel. After the strong downward movement on Friday EMA(50) and EMA(200) proceed to a downward cross.

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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Forex Technical Analysis of EURUSD for November 09, 2015

Support - S1 : 1.0663 | S2 : 1.0586 | S3 : 1.0471
Resistance - R1 : 1.0855 | R2 : 1.0970 | R3 : 1.1047
Main Trend - Bearish
Intraday Trend - Bearish

On forex technical analysis of 4H chart is very clear that the price moves within a downward channel and at the lower channel of Andrew's Pitchfork. There is a downward cross between EMA(50) and 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:

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Sunday 1 November 2015

Forex Technical Analysis of EURUSD for November 02, 2015

Support - S1 : 1.0956 | S2 : 1.0907 | S3 : 1.0848
Resistance - R1 : 1.1170 | R2 : 1.1121 | R3 : 1.1063
Main Trend - Bearish
Intraday Trend - Bullish

The strong downward pressure after the release of US interest rates led the price until the low level of 1.0898. By studying the H4 chart of forex technical analysis for exchange rate EURUSD may notice that the price is moving within one downward channel while situated on the median line of the Andrews Pitchfork. The EMA (50) and EMA (200) have downward crossed between them.

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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Forex Technical Analysis of GBPUSD for November 02, 2015

Support - S1 : 1.5334 | S2 : 1.5242 | S3 : 1.5175
Resistance - R1 : 1.5493 | R2 : 1.5560 | R3 : 1.5652
Main Trend - Bullish
Intraday Trend - Bullish

Price from the low level of 1.5106 proceeds to a reaction up to the level of 1.5426 which is 61.8% retracement. Observing the 4H chart of forex technical analysis, we will see that price is moving within the lower channel of Andrew's Pitchfork and near to the median line and above EMA(50) and 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:


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Forex Technical Analysis of AUDUSD for November 02, 2015

Support - S1 : 0.7091 | S2 : 0.7048 | S3 : 0.7020
Resistance - R1 : 0.7162 | R2 : 0.7190 | R3 : 0.7233
Main Trend - Bearish
Intraday Trend - Bullish

Price remain under pressure and reach the low level of 0.7067. If you observe the 4H chart of forex technical analysis you will locate the price to move within the upper channel of a strong downward Andrew's Pitchfork. EMA(50) and EMA(200) have a downward cross between them and price remain below both of them.

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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Forex Technical Analysis of NZDUSD for November 02, 2015

Support - S1 : 0.6716 | S2 : 0.6651 | S3 : 0.6614
Resistance - R1 : 0.6819 | R2 : 0.6856 | R3 : 0.6921
Main Trend - Bullish
Intraday Trend - Bullish

On 4H chart of forex technical analysis for the exchange rate NZDUSD is very easy to realize that price keeps the upward momentum. Remain above EMA(50) and EMA(200) which have upward crossed between them and at the same time the price test the resistance from the median line of Andrew's Pitchfork.

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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Forex Technical Analysis of EURJPY for November 02, 2015

Support - S1 : 132.125 | S2 : 131.576 | S3 : 130.943
Resistance - R1 : 133.307 | R2 : 133.940 | R3 : 134.489
Main Trend - Bearish
Intraday Trend - Bullish

On H4 chart of forex technical analysis, you can observe that the price remains with downward momentum. EMA(50) and EMA(200) have downward crossed between them.

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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Forex Technical Analysis of GBPJPY for November 02, 2015

Support - S1 : 184.662 | S2 : 183.303 | S3 : 182.276
Resistance - R1 : 187.048 | R2 : 188.075 | R3 : 189.434
Main Trend - Bullish
Intraday Trend - Bullish

The upward reaction of price from a low of 180.692 has led it up the level of 186.700 which is 74,6 retracement. The upward momentum looks strong, having created the conditions for the upside cross between the EMA (50) and EMA (200).
In the 4H chart of forex technical analysis, you may notice that price moves into the lower channel of the Andrews Pitchfork and very close to the median line.

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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Forex Technical Analysis of AUDJPY for November 02, 2015

Support - S1 : 84.641 | S2 : 85.031 | S3 : 85.499
Resistance - R1 : 86.357 | R2 : 86.747 | R3 : 87.215
Main Trend - Bullish
Intraday Trend - Bullish

On 4H chart of forex technical analysis, you can observe that the price is moving within the upper channel of Andrew's Pitchfork and try to break downward the median line. Also, the price remains below EMA(50) and EMA(200) which are at the same level.

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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Forex Technical Analysis of NZDJPY for November 02, 2015

Support - S1 : 81.046 | S2 : 80.468 | S3 : 80.027
Resistance - R1 : 82.065 | R2 : 82.506 | R3 : 83.084
Main Trend - Bullish
Intraday Trend - Bullish

On 4H chart of forex technical analysis, you can easily observe that the price after forming a local double bottom at level 80.233 proceed to a reaction and close above EMA(50). The price is moving within the lower channel of Andrew's Pitchfork. EMA(50) and EMA(200) have upward crossed between them.

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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