Forex Technical Analysis of EURUSD for February 29, 2016

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:

Forex Technical Analysis of GBPUSD for February 29, 2016

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:

Forex Technical Analysis of EURUSD for February 15, 2016

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:

Forex Technical Analysis of GBPUSD for February 15, 2016

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: