Technical Analysis 20-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
According previous forecast price had a correction until .7170 and it is in this price. as you can see this price is a concentration of two Fibonacci level and it is a strong level for return. if we have a sign it is a good opportunity for return. other wise if break out this level we expect 0.7200
Technical analysis EURUSD
EURUSD break upper support and close above it. It is a good opportunity for move toward upper line of channel.Stop loss can take place under support 1.if support 1 and support 2 break out good opportunity for selling
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. Price break this new channel and fail that. According forcast with break out this channel was a good opportunity for buy.
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 and break out 1333 and 1341 levels too . in continue the current target is upper line of channel at 1350. after this rally we expect a bearish movement . in the other side if price break upper line of channel it is a good opportunity for buying again.