Resistance - R1 : 0.7808 | R2 : 0.7896 | R3 :
0.7948
Support - S1 : 0.7669 | S2 : 0.7617 | S3 : 0.7529
Trend - Bearish
Recommended position - Short
Financial Announcements
EUR - All Day - Eurogroup Meetings
Observing the charts of forex technical analysis for the exchange rate AUDUSD we see the intense downtrend dominating lately.
On the daily chart the price is at the bottom of a downward channel and below the EMA (50) and EMA (200).
In 4H chart we see more clearly the movement of the price within the borders of the channel.
On the 1H chart the price moves in the lower channel of the falling Andrews Pitchfork and below the EMA (50) and EMA (200)
Applying the rules of forex technical analysis all critical levels and forex trading targets for Monday 09 March, are as follows :
The area 0.7775 - 0.7798 is a neutral zone.
Bullish scenario : If the price move upwards and close above the neutral zone, then the upward trading targets will be: 0.7830, 0.7860.
Bearish scenario : If price continue to move below the neutral zone, then the downward trading targets will be: 0.7687, 0.7660, 0.7642.
The area 0.7732 - 0.7743 is a neutral zone.
Bullish scenario : If the price move upwards and close above the neutral zone, then the upward trading targets will be: 0.7761, 0.7775, 0.7795, 0.7815.
Bearish scenario : If the price move downwards and close below the neutral zone, then the downward trading targets will be: 0.7687, 0.7660, 0.7642.
Using the above elements of technical analysis forex (forex technical analysis), everyone can plan his own personal forex trading strategy . We note the need to use levels stop loss.
You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.
Support - S1 : 0.7669 | S2 : 0.7617 | S3 : 0.7529
Trend - Bearish
Recommended position - Short
Financial Announcements
EUR - All Day - Eurogroup Meetings
Observing the charts of forex technical analysis for the exchange rate AUDUSD we see the intense downtrend dominating lately.
On the daily chart the price is at the bottom of a downward channel and below the EMA (50) and EMA (200).
In 4H chart we see more clearly the movement of the price within the borders of the channel.
On the 1H chart the price moves in the lower channel of the falling Andrews Pitchfork and below the EMA (50) and EMA (200)
Applying the rules of forex technical analysis all critical levels and forex trading targets for Monday 09 March, are as follows :
4H Chart
Bullish scenario : If the price move upwards and close above the neutral zone, then the upward trading targets will be: 0.7830, 0.7860.
Bearish scenario : If price continue to move below the neutral zone, then the downward trading targets will be: 0.7687, 0.7660, 0.7642.
1H Chart
Bullish scenario : If the price move upwards and close above the neutral zone, then the upward trading targets will be: 0.7761, 0.7775, 0.7795, 0.7815.
Bearish scenario : If the price move downwards and close below the neutral zone, then the downward trading targets will be: 0.7687, 0.7660, 0.7642.
Using the above elements of technical analysis forex (forex technical analysis), everyone can plan his own personal forex trading strategy . We note the need to use levels stop loss.
You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.
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