Studying forex technical analysis for the exchange rate AUDUSD we observe on
daily chart that price breaks to the downside the support level at area 0.9275
and at the same time is moving below EMA(200).
Also is very close to the lower side of Andrew’s Pitchfork.
According to forex technical analysis all the critical levels for today are as follow :
The area 0.9310 – 0.9335 is a neutral zone.
For as long price remains below the neutral zone our trading targets will be : 0.9235, 0.9200.
If price returns to the neutral zone and close our trading targets will be : 0.9370, 0.9420.
For as long price remains below the neutral zone our trading targets will be : 0.9235, 0.9200.
If price moves above the neutral zone our trading targets will be : 0.9340, 0.9360, 0.9370, 0.9400.
We note the need to use stop loss levels. After all the above informations we can design a forex trading strategy in order to follow, which will have based on forex technical analysis.
You can study the forex signals in our page on Twitter and on Facebook.
Also is very close to the lower side of Andrew’s Pitchfork.
According to forex technical analysis all the critical levels for today are as follow :
4H Chart
For as long price remains below the neutral zone our trading targets will be : 0.9235, 0.9200.
If price returns to the neutral zone and close our trading targets will be : 0.9370, 0.9420.
1H Chart
The area 0.9306 – 0.9319 is a neutral zone.For as long price remains below the neutral zone our trading targets will be : 0.9235, 0.9200.
If price moves above the neutral zone our trading targets will be : 0.9340, 0.9360, 0.9370, 0.9400.
We note the need to use stop loss levels. After all the above informations we can design a forex trading strategy in order to follow, which will have based on forex technical analysis.
You can study the forex signals in our page on Twitter and on Facebook.
No comments:
Post a Comment