Showing posts with label
Forex Technical Analysis EURUSD.
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Showing posts with label
Forex Technical Analysis EURUSD.
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Forex Technical Analysis EURUSD
Support - S1 : 1.0872 | S2 : 1.0813 | S3 : 1.0715Resistance - R1 : 1.1029 | R2 : 1.1127 | R3 : 1.1186Main Trend - BearishIntraday 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:
Read more �
Support - S1 : 1.1201 | S2 : 1.1147 | S3 : 1.1081Resistance - R1 : 1.1320 | R2 : 1.1387 | R3 : 1.1440Main Trend - BullishIntraday 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:
Read more �
Support - S1 : 1.1093 | S2 : 1.1032 | S3 : 1.0956Resistance - R1 : 1.1230 | R2 : 1.1306 | R3 : 1.1366Main Trend - BullishIntraday 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:
Read more �
Support - S1 : 1.0777 | S2 : 1.0724 | S3 : 1.0638Resistance - R1 : 1.0916 | R2 : 1.1001 | R3 : 1.1055Main Trend - NeutralIntraday 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:
Read more �
Support - S1 : 1.0766 | S2 : 1.0734 | S3 : 1.0679Resistance - R1 : 1.0853 | R2 : 1.0908 | R3 : 1.0941Main Trend - NeutralIntraday 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:
Read more �
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:
Read more �
Support - S1 : 1.0835 | S2 : 1.0802 | S3 : 1.0751Resistance - R1 : 1.0920 | R2 : 1.0970 | R3 : 1.1004Main Trend - NeutralIntraday 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:
Read more �
Support - S1 : 1.0823 | S2 : 1.0779 | S3 : 1.0753Resistance - R1 : 1.0893 | R2 : 1.0918 | R3 : 1.0963Main Trend - BearishIntraday Trend - Bearish
Studying the 4H chart of
forex technical analysis for the exchange EURUSD, we realize that after the announcement of US interest rate the pressure for EURUSD lead price below EMA(50) and EMA(200), but the cross between them remain in an upward direction. Finally price close between EMA(50) and EMA(200). Also, we observe that the price move within 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:
Read more �
Support - S1 : 1.0930 | S2 : 1.0876 | S3 : 1.0826Resistance - R1 : 1.1035 | R2 : 1.1085 | R3 : 1.1139Main Trend - BullishIntraday Trend - Bullish
The exchange rate EURUSD keep his strength and his upward momentum. According to
forex technical analysis on 4H chart, the upward reaction reaches 50% Fibonacci level. The price breaks upward
Andrew's Pitchfork. EMA(50) and EMA(200) have an upward cross between them. If we observe price action we will see that price is forming since now 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:
Read more �
Support - S1 : 1.0825 | S2 : 1.0770 | S3 : 1.0704Resistance - R1 : 1.0945 | R2 : 1.1010 | R3 : 1.1065Main Trend - BearishIntraday Trend - Bullish
Studying the 4H chart of
forex technical analysis for the exchange rate EURUSD you can observe that price break upward the triangular formation. Price remain above EMA(50) and EMA(200) and move 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:
Read more �
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:
Support - S1 : 1.0610 | S2 : 1.0576 | S3 : 1.0512Resistance - R1 : 1.0709 | R2 : 1.0772 | R3 : 1.0807Main Trend - BearishIntraday 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:
Read more �
Support - S1 : 1.0719 | S2 : 1.0664 | S3 : 1.0616Resistance - R1 : 1.0822 | R2 : 1.0870 | R3 : 1.0925Main Trend - BearishIntraday 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:
Read more �
Support - S1 : 1.0663 | S2 : 1.0586 | S3 : 1.0471Resistance - R1 : 1.0855 | R2 : 1.0970 | R3 : 1.1047Main Trend - BearishIntraday 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:
Read more �
Support - S1 : 1.0956 | S2 : 1.0907 | S3 : 1.0848Resistance - R1 : 1.1170 | R2 : 1.1121 | R3 : 1.1063Main Trend - BearishIntraday 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:
Read more �
Support - S1 : 1.0962 | S2 : 1.0907 | S3 : 1.0819Resistance - R1 : 1.1105 | R2 : 1.1194 | R3 : 1.1249Main Trend - BearishIntraday Trend - Bearish
On
forex technical analysis of 4H chart for exchange rate EURUSD, we can observe that price finds support on the bottom of the channel and at the same time moves at the lower channel of
Andrew's Pitchfork. EMA(50) and EMA(200) is at the same point and ready to proceed to a downward cross (death 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:
Read more �
Support - S1 : 1.12946 | S2 : 1.12633 | S3 : 1.12212Resistance - R1 : 1.13680 | R2 : 1.14101 | R3 : 1.14414Main Trend - BullishIntraday Trend - Neutral
On 4H chart of
forex technical analysis for the exchange rate EURUSD, we observe that price break the lower channel of
Andrew's Pitchfork and lost the
support of EMA(50).
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 : 1.1322 | S2 : 1.1298 | S3 : 1.1261Resistance - R1 : 1.1383 | R2 : 1.1420 | R3 : 1.1444Main Trend - BullishIntraday Trend - Bearish
According to
forex technical analysis, the exchange rate EURUSD, in 4H chart, find support from EMA(50) and from the downside of lower channel of an upward
Andrew's Pitchfork. We must pay attention to the direction of
RSI and also to 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:
Read more �
Support - S1 : 1.1287 | S2 : 1.1216 | S3 : 1.1166Resistance - R1 : 1.1407 | R2 : 1.1457 | R3 : 1.1528Main Trend - BullishIntraday Trend - Bullish
At H4 chart, we can see that EMA(50) and EMA(200) have formed an upward cross. Price moves above EMA(50) and at the upper channel of an upward
Andrew's Pitchfork and find support from 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:
Read more �
Support - S1 : 1.1133 | S2 : 1.1057 | S3 : 1.0965Resistance - R1 : 1.1302 | R2 : 1.1394 | R3 : 1.1470Main Trend - BullishIntraday Trend - Bullish
Financial Announcements: USD - ISM Non-Manufacturing PMI
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:
Read more �
