Technical Analysis 19-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
We expected this pair continue bearish way but it seems in correction.We forecast this correction continue until 0.7171 which is concentration of Fibonacci levels and upper line of new drawen channel. With this scenario we expect a return after touching these levels and back to 0.7000 level.Lower line of this new channel is important if break.
Technical analysis EURUSD
EURUSD breakout lower line of channel but remain between two support line.If lower support line break it s a good opportunity for selling,In the other hand if upper support zone break and confirm over it we have a buy signal.
Technical analysis GBPUSD
Price in previous week break lower line of bigger channel and exit from that. But price movement provide new channel(smaller channel) and move on it. Currently price is in new channel moreover it is beside of upper line of channel and it gives a good opportunity for trading. If we have a return sign , it is a good position for sell. On the other hand if price break upper line we input in buy position.
Please pay attention to confirmation signal for buy or sell.
Technical analysis NZDUSD
Price is in bullish direction in a channel. its in a triangle and confirm for a sharp movement with more probability about bullish move.If upper line of triangle break out it s a good opportunity for buy.
If lower line of channel break it is an opportunity for sell.
Technical analysis USDCAD
Price after a rally in previous week return from 1.3331.currently it is forming double top pattern and it s target is lower line of channel. In this way a support area at 1.3220 is important and if break that the way is open until lower line of channel.
If price return in face with support line we expect bullish way it has before
Technical analysis USDJPY
price move in channel in bullish way. The forecast target seems upper line of triangle in weekly time frame at 113.70 . Price is going in the channel and old resistance area at 111.53 is current target.
If lower line of this channel break we sell . The target is lower line of triangle line
Technical analysis GOLD
Price after touched lower line of channel returned and touched resistance at 1327 . This level is so important and if break out strongly we expect 1333 level as soon as. other wise we have a divergence in this pair according 4H . It is an alert for reverse. So according signs for break out or return of resistance do trade.