Support - S1 : 0.77959 | S2 : 0.77420 | S3 :
0.76814
Resistance - R1 : 0.79104 | R2 :
0.79710 | R3 : 0.80249
Main Trend -
Bearish
Intraday Trend - Bearish
Studying the charts of forex technical analysis for the exchange rate AUDUSD, we note that in the
four-hour chart the price has broken the upward trendline to the opposite side
and now retest the point of break. Also observe the price to move within one
falling channel, and is located in the area between the EMA (50) and the EMA
(200) who have upwards cross between them. On the hourly chart, the price moves
below the EMA (50) and EMA (200), which have upwards cross. You should note the
positive divergence on MACD and upwards break from RSI in the EMA(9).
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
The area 0.7908 – 0.7880 is a neutral zone.
Bullish scenario : If the price move upwards and close above
the neutral zone, then the upward trading targets will be : 0.7950 , 0.8040 ,
0,8075 , 0.8150.
Bearish scenario : If price, remain below the neutral zone,
then the downward trading targets will be: 0.7760 , 0.7700 , 0.7680 ,
0.7635.
1H Chart
The area 0.7845 – 0.7830 is a neutral zone.
Bullish scenario : If the price move upwards and close above
the neutral zone, then the upward trading targets will be : 0.7900 , 0.7960.
Bearish scenario : If price move downwards and close below
the neutral zone, then the downward trading targets will be: 0.7780 , 0.7730 ,
0.7690 , 0.7650.
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.
No comments:
Post a Comment