Support - S1 : 0.7611 | S2 : 0.7566 | S3 :
0.7502
Resistance - R1 : 0.7721 | R2 : 0.7785
| R3 : 0.7831
Main Trend -
Bearish
Intraday Trend -
Bearish
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:
4H Chart
The area 0.7689 –
0.7709 is a neutral zone.
Bullish scenario : If price
moves upwards and close above the neutral zone, then the upward trading targets
will be : 0.7725, 0.7750, 0.7767,
0.7795.
Bearish scenario : If price
moves downwards and close below the neutral zone, then the downward trading
targets will be : 0.7600, 0.7560, 0.7523, 0.7489.
1H Chart
The area 0.7652 –
0.7662 is a neutral zone.
Bullish scenario : If price moves
upwards and close above the neutral zone, then the upward trading targets will
be : 0.7680, 0.7698, 0.7725.
Bearish scenario
: If price moves downwards and close below the neutral zone, then the
downward trading targets will be : 0.7612, 0.7585, 0.7554, 0.7530.
Using the
above elements of forex
technical analysis, everyone can plan his own personal forex
trading strategy . We note the need to use stop loss levels.
You can
subscribe to one of the two subscription packages and take advantage of all
benefits of the forex
signals using one of the most sophisticated Forex Signals Copier, also
from monitoring the live trading room, and of course from the full support in
real time.
1 comment:
The dollar was trading in a narrow range against the euro and the yen on Thursday as investors awaited the conclusion of the closely watched Federal Reserve policy setting meeting later in the day.
Post a Comment