How To USE ?!!!
1- Those are strong support and resistance levels in the short /medium term, the market usually respects these levels strongly.
2- If the market rallies into resistance levels, a sell-off is expected.
3- If the market sells off into support levels, a rally up is expected.
4- Some levels are valid for several weeks. (It depends on market moves).
5-I highly recommend using divergences techniques, to find possible turning points during the week!
6-In bullish market: Support level should bring strong rebound…
7-In bearish market: Resistance level should bring fall resumption…
8-In sideways market: We should witness strong support and resistance levels…
9- Recommended Timeframe: Daily chart and below.
Pairs | S2 | S1 | Pivot Point | R1 | R2 |
EURUSD | 1.1180 | 1.1290 | 1.1420 | 1.1515 | 1.1639 |
GBPUSD | 1.2563 | 1.2670 | 1.2877 | 1.2980 | 1.3190 |
USDJPY | 110.50 | 111.09 | 111.75 | 112.85 | 113.62 |
USDCHF | 0.9847 | 0.9905 | 0.9972 | 1.0025 | 1.0075 |
AUDUSD | 0.6970 | 0.7040 | 0.7075 | 0.7150 | 0.7232 |
USDCAD | 1.2882 | 1.3014 | 1.3075 | 1.3175 | 1.3265 |
EURJPY | 124.42 | 125.60 | 127.90 | 129.20 | 131.55 |
GBPJPY | 139.54 | 141.17 | 144.32 | 145.95 | 149.25 |
XAUUSD | 1194 | 1215 | 1226 | 1239 | 1255 |