Market Reversal Levels ,Week of Feb 29 2016

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Reversal -65987

1- These levels 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- Overbought Zone: is (50 pips below resistance) + (50 pips above resistance).

5- Oversold Zone:  is (50 pips above support) + (50 pips below support).

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- Recommended time frame, Daily and below.

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Weekly Bias

EURUSD

  • Bullish
  • Bearish

GBPUSD

  • Bullish
  • Bearish

USDJPY

  • Bullish
  • Bearish

USDCHF

  • Bullish
  • Bearish

AUDUSD

  • Bullish
  • Bearish

USDCAD

  • Bullish
  • Bearish

NZDUSD

  • Bullish
  • Bearish

EURGBP

  • Bullish
  • Bearish

EURJPY

  • Bullish
  • Bearish

GBPJPY

  • Bullish
  • Bearish

Crude Oil

  • Bullish
  • Bearish

XAUUSD

  • Bullish
  • Bearish

XAGUSD

  • Bullish
  • Bearish

MARKET DATA

UPCOMING ECONOMIC EVENTS