Support - S1 : 1.0872| S2 : 1.0813| S3 : 1.0715 Resistance - R1 : 1.1029| R2 : 1.1127| R3 : 1.1186 Main Trend - Bearish Intraday Trend - Bearish Applying all the rules of forex technical analysis on 4H chart for the exchange rate EURUSD we can easily observe that the price is moving within a channel (blue lines). On Friday, the price breaks downward and close out of the channel. EMA(50) and EMA(200) are above the price and give us the suspicion that a downward cross between them is coming.
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:
Support - S1 : 1.3806| S2 : 1.3735| S3 : 1.3617 Resistance - R1 : 1.3995| R2 : 1.4113| R3 : 1.4184 Main Trend - Bearish Intraday Trend - Bearish Studying the 4H chart of forex technical analysis for the exchange rate GBPUSD we can see that the price is moving within the upper channel of Andrew's Pitchfork and find support from the median line. Also, the price remains 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:
Support - S1 : 1.1201| S2 : 1.1147| S3 : 1.1081 Resistance - R1 : 1.1320| R2 : 1.1387| R3 : 1.1440 Main Trend - Bullish Intraday Trend - Bullish Following all the rules of forex technical analysis on 4H chart for the exchange rate EURUSD we can see that the price is moving within an upward channel. EMA(50) and EMA(200) have an upward cross between them. The price is above EMA(50). The RSI is at 50 level and MACD is with reduced 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:
Support - S1 : 1.4442| S2 : 1.4378| S3 : 1.4314 Resistance - R1 : 1.4570| R2 : 1.4634| R3 : 1.4698 Main Trend - Neutral Intraday Trend - Neutral Observing the 4H chart of forex technical analysis for the exchange rate GBPUSD we can see that the price is moving out of Andrew's Pitchfork and close between EMA(50) and EMA(200). EMA(50) and EMA(200) 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:
Support - S1 : 1.1093| S2 : 1.1032| S3 : 1.0956 Resistance - R1 : 1.1230| R2 : 1.1306| R3 : 1.1366 Main Trend - Bullish Intraday Trend - Bullish Applying all the rules of forex technical analysis and studying the 4H chart of the exchange rate EURUSD we observe that the price is moving above two Andrew's Pitchfork (blue lines and green lines). EMA (50) and EMA(200) have an upward cross between them. The price remains above of 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:
Support - S1 : 1.4439| S2 : 1.4375| S3 : 1.4300 Resistance - R1 : 1.4578| R2 : 1.4653| R3 : 1.4716 Main Trend - Bullish Intraday Trend - Bullish Observing the 4H chart of forex technical analysis for the exchange rate GBPUSD we can see that the price close on Friday between EMA(50) and EMA(200). The upward move reaches 50% retracement and the price remains within the lower channel of Andrew's Pitchfork (green lines). EMA(50) and EMA(200) 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:
