Support - S1 : 130.642 | S2 : 129.460 | S3 : 127.894
Resistance - R1 : 133.390 | R2 : 134.956 | R3 : 136.138
Main Trend - Bearish
Intraday Trend - Bearish
Analyzing the 4H chart of forex technical analysis for the exchange rate EURJPY you can notice that the price break downward the channel (black lines) and finally the price close outside of the channel and below of EMA(50) and EMA(200). The cross between two EMA remains upward. Also, we can observe two Andrew's Pitchfork. The next movement of the price will determine which of them is valid.
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:
The area 132.064 – 132.465 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 132.770, 133.000, 133.458, 133.800, 134.200, 134.500.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 131.000, 130.640, 130.250, 129.400, 128.900.
The area 131.596 – 131.763 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 132.130, 132.300, 132.600, 132.900, 133.250.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 131.000, 130.660, 130.200, 129.800, 129.450.
There is no Harmonic Pattern on technical analysis charts.
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 agree with our estimates? If you have another point of view, you can write your opinion in comments.
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.
Resistance - R1 : 133.390 | R2 : 134.956 | R3 : 136.138
Main Trend - Bearish
Intraday Trend - Bearish
Analyzing the 4H chart of forex technical analysis for the exchange rate EURJPY you can notice that the price break downward the channel (black lines) and finally the price close outside of the channel and below of EMA(50) and EMA(200). The cross between two EMA remains upward. Also, we can observe two Andrew's Pitchfork. The next movement of the price will determine which of them is valid.
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 132.064 – 132.465 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 132.770, 133.000, 133.458, 133.800, 134.200, 134.500.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 131.000, 130.640, 130.250, 129.400, 128.900.
1H Chart
The area 131.596 – 131.763 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 132.130, 132.300, 132.600, 132.900, 133.250.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 131.000, 130.660, 130.200, 129.800, 129.450.
There is no Harmonic Pattern on technical analysis charts.
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 agree with our estimates? If you have another point of view, you can write your opinion in comments.
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.
No comments:
Post a Comment