Support - S1 : 0.77768 | S2 : 0.77318 | S3 :
0.77001
Resistance - R1 : 0.78535 | R2 : 0.78852 | R3 : 0.79302
Main Trend - Bearish
Intraday Trend - Bullish
Studying the charts of forex technical analysis for the exchange rate AUDUSD, we may notice that the price is moving in the lower channel of an upward Andrews Pitchfork and is trying to break the median line. The EMA (50) and EMA (200) have upward cross. On the hourly chart, the technical view is the same, the price is moving above the EMA (50) and EMA (200), but MACD seems to lose upward momentum.
Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:
The area 0.7799 – 0.7778 is a neutral zone.
Bullish scenario : If the price move upwards and close above the neutral zone, then the upward trading targets will be : 0.7877 , 0.7910.
Bearish scenario : If price move downwards and close below the neutral zone, then the downward trading targets will be: 0.7738 , 0.7700 , 0.7670 , 0.7625.
The area 0.7820 – 0.7812 is a neutral zone.
Bullish scenario : If the price move upwards and close above the neutral zone, then the upward trading targets will be : 0.7855 , 0.7875.
Bearish scenario : If price move downwards and close below the neutral zone, then the downward trading targets will be: 0.7780 , 0.7765 , 0.7750 , 0.7715.
Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy . We note the need to use stop loss levels.
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.
Resistance - R1 : 0.78535 | R2 : 0.78852 | R3 : 0.79302
Main Trend - Bearish
Intraday Trend - Bullish
Studying the charts of forex technical analysis for the exchange rate AUDUSD, we may notice that the price is moving in the lower channel of an upward Andrews Pitchfork and is trying to break the median line. The EMA (50) and EMA (200) have upward cross. On the hourly chart, the technical view is the same, the price is moving above the EMA (50) and EMA (200), but MACD seems to lose upward momentum.
Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:
4H Chart
Bullish scenario : If the price move upwards and close above the neutral zone, then the upward trading targets will be : 0.7877 , 0.7910.
Bearish scenario : If price move downwards and close below the neutral zone, then the downward trading targets will be: 0.7738 , 0.7700 , 0.7670 , 0.7625.
1H Chart
Bullish scenario : If the price move upwards and close above the neutral zone, then the upward trading targets will be : 0.7855 , 0.7875.
Bearish scenario : If price move downwards and close below the neutral zone, then the downward trading targets will be: 0.7780 , 0.7765 , 0.7750 , 0.7715.
Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy . We note the need to use stop loss levels.
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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