January 2016 - Free Forex Signals

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Sunday 31 January 2016

Forex Technical Analysis of EURUSD for February 01, 2016

Famous Peoples Forex Technical Analysis EURUSD January 31, 2016

Support - S1 : 1.0777 | S2 : 1.0724 | S3 : 1.0638
Resistance - R1 : 1.0916 | R2 : 1.1001 | R3 : 1.1055
Main Trend - Neutral
Intraday Trend - Bearish

The exchange rate EURUSD remain in a sideway move on Daily chart. Studying the 4H chart of forex technical analysis, we can observe that the price close below EMA(50) and EMA(200). The price remains within the lower channel of Andrew's Pitchfork (blue lines). There is another Andrew's Pitchfork (green lines) and the price is near to the median line. We must consider as critical point the area where the median line of green Andrew's Pitchfork cross the lower line of blue 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:

Forex Technical Analysis of GBPUSD for February 01, 2016

Famous Peoples Forex Technical Analysis GBPUSD January 31, 2016

Support - S1 : 1.4124 | S2 : 1.4004 | S3 : 1.3860
Resistance - R1 : 1.4388 | R2 : 1.4533 | R3 : 1.4653
Main Trend - Bearish
Intraday Trend - Bearish

On 4H chart of forex technical analysis for the exchange rate GBPUSD, we can see that the price close below EMA(50) and EMA(200) which have a downward cross between them. The price moves within the lower channel of Andrew's Pitchfork. The median line and EMA(50) are first resistance levels.

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:

Forex Technical Analysis of EURJPY for February 01, 2016

Famous Peoples Forex Technical Analysis EURJPY January 31, 2016

Support - S1 : 129.724 | S2 : 128.264 | S3 : 126.971
Resistance - R1 : 132.477 | R2 : 133.770 | R3 : 135.230
Main Trend - Bullish
Intraday Trend - Bullish

Studying the charts of forex technical analysis for the exchange rate EURJPY, we observe that on daily chart the price is moving in a triangular formation. On 4H chart of forex technical analysis, we can see that the price close above EMA(50) and EMA(200) which have a downward cross between them. Also, we can observe that the retracement reaches almost at 74.6% and finally price close on Friday exactly on 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:

Forex Technical Analysis of GBPJPY for February 01, 2016

Famous Peoples Forex Technical Analysis GBPJPY January 31, 2016

Support - S1 : 170.333 | S2 : 168.163 | S3 : 166.247
Resistance - R1 : 174.419 | R2 : 176.335 | R3 : 178.505
Main Trend - Bearish
Intraday Trend - Bullish

Applying all the rules of forex technical analysis for the exchange rate GBPJPY on the 4H chart we observe that the price close between EMA(50) and EMA(200). The price moves within the upper channel of Andrew's Pitchfork and at the same moment has formed an upward channel (black 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:

Sunday 24 January 2016

Forex Technical Analysis of EURUSD for January 25, 2016

Famous Peoples Forex Technical Analysis EURUSD January 24, 2016

Support - S1 : 1.0766 | S2 : 1.0734 | S3 : 1.0679
Resistance - R1 : 1.0853 | R2 : 1.0908 | R3 : 1.0941
Main Trend - Neutral
Intraday Trend - Bearish

According to forex technical analysis for the exchange rate EURUSD, the price is moving sideways in a range from 1.0700 - 1.0980. On 4H chart, we can observe that price is moving below EMA(50) and EMA(200) which have a downward cross between them. Also, the price remains within the lower 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:

Forex Technical Analysis of GBPUSD for January 25, 2016

Famous Peoples Forex Technical Analysis GBPUSD January 24, 2016

Support - S1 : 1.4193 | S2 : 1.4119 | S3 : 1.4035
Resistance - R1 : 1.4352 | R2 : 1.4436 | R3 : 1.4510
Main Trend - Bearish
Intraday Trend - Bullish

Studying the 4H chart of forex technical analysis for the exchange rate GBPUSD we observe the price move within the lower channel of Andrew's Pitchfork. The upward reaction finds resistant from EMA(50). The reaction reaches 23.6% Fibonacci Retracement. EMA(50) and EMA(200) remain with 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:

Forex Technical Analysis of EURJPY for January 25, 2016

Famous Peoples Forex Technical Analysis EURJPY January 24, 2016

Support - S1 : 127.634 | S2 : 127.018 | S3 : 126.623
Resistance - R1 : 128.645 | R2 : 129.040 | R3 : 129.656
Main Trend - Bearish
Intraday Trend - Bullish

Observing the 4H chart of forex technical analysis for the exchange rate EURJPY we can see that the price is moving within the upper channel of Andrew's Pitchfork. Also, the price is above EMA(50) which have a downward cross with EMA(200). If the price break upwards the upper channel of Andrew's Pitchfork we think that we will have an increase of rising momentum.

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:

Forex Technical Analysis of GBPJPY for January 25, 2016

Famous Peoples Forex Technical Analysis GBPJPY January 24, 2016

Support - S1 : 167.572 | S2 : 165.674 | S3 : 164.284
Resistance - R1 : 170.860 | R2 : 172.250 | R3 : 174.148
Main Trend - Bearish
Intraday Trend - Bullish

On 4H chart of forex technical analysis for the exchange rate GBPJPY, we can see that the price finds support at the lower line of Andrew's Pitchfork and proceed to an upward reaction up to 23.6% Fibonacci Retracement. The price closed above EMA(50) and remain 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:

Saturday 16 January 2016

Forex Technical Analysis of EURUSD for January 18, 2016

Famous Peoples Forex Technical Analysis EURUSD January 16, 2016

Support - S1 : 1.0849 | S2 : 1.0786 | S3 : 1.071
Resistance - R1 : 1.0979 | R2 : 1.1047 | R3 : 1.1111
Main Trend - Neutral
Intraday Trend - Bullish

On 4H chart of forex technical analysis for the exchange rate EURUSD, we can observe that the price close on Friday on the median line of Andrew's Pitchfork (blue lines). At the same moment, there is another Andrew's Pitchfork (green lines) and the price close on the bottom of the lower channel. Price find support from this two Andrew's Pitchfork. EMA(50) and EMA(200) are exactly at the same point and offer a very strong support level.
Our estimation is that a pullback at area EMA(50) and EMA(200) is possible a great opportunity for a buy position with the first target around 1.1000 and the second target 1.1050 - 1.1070.

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:

Forex Technical Analysis of GBPUSD for January 18, 2016

Famous Peoples Forex Technical Analysis GBPUSD January 16, 2016

Support - S1 : 1.4195 | S2 : 1.4135 | S3 : 1.4019
Resistance - R1 : 1.4372 | R2 : 1.4488 | R3 : 1.4548
Main Trend - Bearish
Intraday Trend - Bearish

The exchange rate GBPUSD accept very strong pressure all these days, as we can see on the 4H chart of forex technical analysis. On Friday price finally, close inside lower channel of Andrew's Pitchfork exactly on the bottom line. Is very clear that the price remains below EMA(50) and EMA(200). This point is critical for the next move because right now is acting as support.
We must consider that there are Bullish Harmonic Patterns on 1H, 4H, and Daily chart.
An upward reaction is possible, but in any case, we must filter the move in order to be sure that is a real and valid 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:

Forex Technical Analysis of EURJPY for January 18, 2016

Famous Peoples Forex Technical Analysis EURJPY January 16, 2016

Support - S1 : 127.601 | S2 : 127.413 | S3 : 127.248
Resistance - R1 : 127.954 | R2 : 128.119 | R3 : 128.307
Main Trend - Bearish
Intraday Trend - Bearish

On 4H chart of forex technical analysis for the exchange rate EURJPY, we can realize that the price proceeds in a sideway move and the result was to form a triangular formation. The price return into the lower channel of Andrew's Pitchfork and is moving below EMA(50) and a few pips outside of the triangular formation. EMA(50) and EMA(200) have a steep 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:

Forex Technical Analysis of GBPJPY for January 18, 2016

Famous Peoples Forex Technical Analysis GBPJPY January 16, 2016

Support - S1 : 165.193 | S2 : 163.549 | S3 : 160.869
Resistance - R1 : 169.517 | R2 : 172.197 | R3 : 173.841
Main Trend - Bearish
Intraday Trend - Bearish

Applying all the rules of forex technical analysis for the exchange rate GBPJPY, we can observe the downward movement all these days and especially on Friday. EMA(50) and EMA(200) have a downward cross between them. The price is moving within the lower channel of Andrew's Pitchfork.
RSI indicator is at the oversold area when at the same moment there is a Bullish Harmonic Pattern.

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:

Wednesday 13 January 2016

New free signal ... Closed

Famous Peoples FREE SIGNALS January 13, 2016

New free forex signal
Sell
EUR/USD
Take profit point : 1.078
Stop loss point : 1.087

Sunday 3 January 2016

Forex Technical Analysis of EURUSD for January 04, 2016

Famous Peoples Forex Technical Analysis EURUSD January 03, 2016

Support - S1 : 1.0835 | S2 : 1.0802 | S3 : 1.0751
Resistance - R1 : 1.0920 | R2 : 1.0970 | R3 : 1.1004
Main Trend - Neutral
Intraday Trend - Bearish

Applying all the rules of forex technical analysis on 4H chart for the exchange rate EURUSD we can observe that the price remains below EMA(50) and EMA(200), but the cross between them is upward. The price is moving within the upper channel of Andrew's Pitchfork (crimson lines).
Is very clear that the price is moving within a range from 38.2 - 50.0% Fibonacci retracement.
There are suspicions for a possible support around this area. If happens something like that, an upward move at 1.1050 and maybe more is very possible.

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:

Forex Technical Analysis of GBPUSD for January 04, 2016

Famous Peoples Forex Technical Analysis GBPUSD January 03, 2016

Support - S1 : 1.4698 | S2 : 1.4659 | S3 : 1.4586
Resistance - R1 : 1.4811 | R2 : 1.4884 | R3 : 1.4924
Main Trend - Bearish
Intraday Trend - Bearish

On 4H chart of forex technical analysis for the exchange rate GBPUSD, we can realize that the price accepts strong pressure downward. The price remains below EMA(50) and EMA(200) which have a downward cross between them. We can observe that the price is moving within the upper channel of Andrew's Pitchfork and has declined near to median line.
We have to pay attention because at this level a support is possible who can lead the price to 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:

Forex Technical Analysis of GBPJPY for January 04, 2016

Famous Peoples Forex Technical Analysis GBPJPY January 03, 2016

Support - S1 : 176.583 | S2 : 175.996 | S3 : 174.937
Resistance - R1 : 178.229 | R2 : 179.288 | R3 : 179.875
Main Trend - Bearish
Intraday Trend - Bearish

Applying forex technical analysis rules on the 4H chart for the exchange rate GBPJPY, we locate price to move within the upper channel of Andrew's Pitchfork at 141.4 Fibonacci expansion.
EMA(50) and EMA(200) have a downward cross between them.
The price remains 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:

Forex Technical Analysis of EURJPY for January 04, 2016

Famous Peoples Forex Technical Analysis EURJPY January 03, 2016

Support - S1 : 130.158 | S2 : 129.658 | S3 : 128.853
Resistance - R1 : 131.463 | R2 : 132.268 | R3 : 132.768
Main Trend - Bearish
Intraday Trend - Bearish

On 4H chart of forex technical analysis for the exchange rate EURJPY is clear the pressure who lead the price to a lower price level. EMA(50) and EMA(200) are ready to proceed to a downward cross. The price is above but very near to the median line of Andrew's Pitchfork. We have to be very suspicious for an upward reaction from this area.

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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