Technical Analysis 12-Feb-2019
Technical Analysis Pairs
This content consist technical analysis of EURUSD , GPBUSD,GOLD,NZDUSD, AUDUSD, JPYUSD ,USDCAD pairs according our technical way
Our Technical Analysis way:
Our technical analysis way is base on finding levels consist of (supports-resistance- trend lines -channels-
Fibonacci levels and …). In the first step searching for best opportunity and after finding this situations follow
signs for inputting to trades.Money Management and risk controls are very important in our way .
Risk to Reward and waiting until touch calculated targets are so important for successful.
Technical analysis AUSUSD
As you can see after price touch trend line return and went to the blue support line in 0.7000 area.
Currently it seems in correction. After this correction we expect touch this support area. So the target is 0.70000.
Technical analysis EURUSD
According daily time frame price after touch upper line of blue channel and resistance area returned .This turned continue until lower line of channel 2 (red channel) .Currently it seems lower channel is broken and we have opportunity for selling.The target is lower line of channel.
Technical analysis GBPUSD
Price in previous week break lower line of bigger channel and exit from that. But it price movement provide new channel(smaller channel) and move on it.Currently we separated from upper upper line and moved to lower line of this channel. The target 1.2766 is accessible.
Technical analysis NZDUSD
In the previous week price break old channel(ch1) and move in new channel(smaller ) now.Currently price has bearish movement beside of upper line channel. The opportunity for selling is remained but must be carefully.
If upper line of ch2 break we buy with target at lower line of ch1 channel.
Technical analysis USDCAD
According last week forecast USDCAD after touching lower line of channel returned.It had a strong moved and stop and went in a correction with fundamental news.We forecast this bullish movement continue .
For buy position we wait return from correction. We forecast this correction continue until 1.3200.according Fibonacci extension 100 level.
If 1.3180 level breaks we sell.
Technical analysis USDJPY
price move in ch1 channel in bullish way. The forecast target seems upper line of triangle in weekly time frame at 113.70 .Currently price break a strong resistance and touched first target forecast yesterday. Next target is upper line channel
If lower line of this channel break we sell . The target is lower line of triangle line
Technical analysis GOLD
Gold touched lower line of channel according foretasted yesterday. According this touch a small selling position closed with about 100 profit. In continue price returned from lower line of channel but it is remain in red channel. If upper line of red channel breaks we expect strong movement of gold toward upper line of blue channel . price 1330 is accessible simply.