Technical Analysis 30-April-2019
Price in the way touched strong trend line (daily time frame)and goes to correction . we expect this correction continue until green trend line which is around 61.8% Fibonacci level too . Currently the expected target is 1294 USD.
Price take place in wedge pattern and in according daily time frame is going to lower side of pattern. In this way we move in a blue drawn channel .We expect target price at 1.1050 .
Price could not break out resistance level at 112.12 and went to correction . The expected target is lower line of channel .In this way we expect target at 111.10. We forecast after price touch Lower line of channel start a bullish movement .If price break out lower line of channel we can sell .
Price in the way touched Lower line of channel .This point is around lower line of another bearish channel you have opportunity for long position . other wise if break out lower line of channel input on short position .
Price break out resistance level at 1.3450 and pass but return to this level which is a support area now . We expect movement toward upper line of channel the expect target is around 1.3600.
Price touch upper line of channel and return . It created a reversed Candle Stick pattern which is a strong sign of return . We can input on short position with stop loss beyond upper line of channel .
Price is remain on triangle pattern on daily time frame .We expect movement until higher line of triangle pattern .