According to charts of forex technical analysis for the AUDUSD
exchange rate, we observe on daily chart price to try to start a reaction.
In four-hour chart, price is within the upper channel of downward Andrews Pitchfork, and below the EMA(50) and EMA(200)
On the hourly chart, the price broke upward EMA 50
Applying the rules of forex technical analysis all critical levels and trading targets for today, Monday, August 11, are as follows :
The area 0.9268 – 0.9282 is a neutral zone.
If price move upward and close above the neutral zone then our upward trading targets will be : 0.9300, 0.9350, 0.9370
If price move downward and close below the neutral zone our downward trading targets will be : 0.9238, 0.9200, 0.9170
The area 0.9275 – 0.9280 is a neutral zone.
If price move upward and close above the neutral zone then our upward trading targets will be : 0.9295, 0.9310, 0.9330
If price move downward and close below the neutral zone our downward trading targets will be : 0.9250, 0.9235, 0.9200
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.
In four-hour chart, price is within the upper channel of downward Andrews Pitchfork, and below the EMA(50) and EMA(200)
On the hourly chart, the price broke upward EMA 50
Applying the rules of forex technical analysis all critical levels and trading targets for today, Monday, August 11, are as follows :
4H Chart
If price move upward and close above the neutral zone then our upward trading targets will be : 0.9300, 0.9350, 0.9370
If price move downward and close below the neutral zone our downward trading targets will be : 0.9238, 0.9200, 0.9170
1H Chart
If price move upward and close above the neutral zone then our upward trading targets will be : 0.9295, 0.9310, 0.9330
If price move downward and close below the neutral zone our downward trading targets will be : 0.9250, 0.9235, 0.9200
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.
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