Market Reversal Levels, Week of Oct 29 2018

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Reversal levels

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.

PairsS2S1Pivot PointR1R2
EURUSD1.11801.12901.14201.15151.1639
GBPUSD1.25631.26701.28771.29801.3190
USDJPY110.50111.09111.75112.85113.62
USDCHF0.98470.99050.99721.00251.0075
AUDUSD0.69700.70400.70750.71500.7232
USDCAD1.28821.30141.30751.31751.3265
EURJPY124.42125.60127.90129.20131.55
GBPJPY139.54141.17144.32145.95149.25
XAUUSD11941215122612391255
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