Thursday, 12 May 2016

Forex Technical Analysis of EURJPY for October 19 (updated) - forex trading software tools

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Forex Technical Analysis of EURJPY for October 19 (updated) ~ forex trading software tools


Support                              -   S1 : 135.023 | S2 : 134.468 | S3 : 133.989
Resistance                          -   R1 : 136.057 | R2 : 136.536 | R3 : 137.091
Main Trend                       -   Neutral
Intraday Trend                 -   Bearish

We can observe on forex technical analysis of 4H chart that price moves between EMA(50) and EMA(200) which have a bullish cross between them. Also, price remains at the lower channel of an upward Andrew's Pitchfork.

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:

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