Technical Report For The Week From April 19th to 24th, 2015
More Free Valuable Info, Trading Systems and Tools @ http://forexsolutions.tk/
Proudly Supported by:
XM/MT4 EUR/USD Daily Chart
After +266 days low trend we could have 2 weeks of peace and speculation about where the price is going the next months it went into a horizontal channel and still is in there looking for the next big move, at a first look we can see a double bottom formation wich give us a partial clue fo the next move, at least for the week ahead.
These are the most important support and Resistance levels for this week:
Support 1 @1.0712 (03/31/2015)
Support 1 @1.0534 (04/14/2015)
Resistance 1 @1.0981 (04/06/2015)
Resistance 2 @1.1198 (01/23/2015)
XM/MT4 GBP/USD Daily Chart
GBP/USD pair is about to pass the +200 day low trend and at this level we can see some weakness formation in last week´s charts but until a confirmation is made we´re still in a negative trend and the price can go much deeper than is actually, so we recommend to trade with small lots at least for the first days of the week.
These are the most important support and Resistance levels for this week:
Support 1 @1.4750 (03/19/2015)
Support 2 @1.4623 (04/13/2015)
Resistance 1 @1.5517 (02/26/2015)
Resistance 2 @1.5748 (12/15/2014)
XM/MT4 USD/CHF Daily Chart
After almost recover 100% of the losses in January the pair is going down again and for now there are no former important levels until 0.8604 of January, at this level we must be aware of what the market does in the next hours and cover our positions at any change of direction for avoiding any bad surprices.
These are the most important support and Resistance levels for this week:
Support 1 @0.9502 (04/05/2015)
Support 2 @0.9273 (02/03/2015)
Resistance 1 @0.9804 (04/13/2015)
Resistance 2 @1.0086 (03/13/2015)
XM/MT4 USD/JPY Daily Chart
The +170 day long trend continues and doesn´t seem to be stoping, at least for the first days of the week ahead, we are observing a double test of the resistance level created for first time on december 2014 but until the price passes the 200 period MA we´re still on a positive trend.
These are the most important support and Resistance levels for this week:
Support 1 @118.70 (04/06/2015)
Support 2 @117.06 (02/02/2015)
Resistance 1 @120.63 (04/10/2015)
Resistance 2 @121.45 (03/12/2015)
We hope this weekly report help you to determine the most important reversal and continuation levels during the week, this data is not 100% accurate as the speculative system is, these numbers are a reference and definitely not represent a secure trading signal service, make sure to use your own trading system in parallel with the attached report to determine your own entry points.
Forex Trading can be a great source of income but is also a high risk business, make sure to complete your training in demo before start trading with a real Forex account and make sure that the money you invest comes from a secure source, we always recommend to avoid trading with money that you cannot afford to lose.
