Forex Technical Analysis of AUDUSD for July 13, 2015 | Forex Signals Market
Sunday, July 12, 2015

Forex Technical Analysis of AUDUSD for July 13, 2015

Support                            -   S1 : 0.7396 | S2 : 0.7358 | S3 : 0.7308
Resistance                       -   R1 : 0.7484 | R2 : 0.7534 | R3 : 0.7572
Main Trend                     -   Bearish
Intraday Trend              -   Bearish

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:


Forex Technical Analysis

4H Chart


The area 0.7439  – 0.7467   is a neutral zone.

Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 0.7533, 0.7576, 0.7630 , 0.7690.

Bearish scenario : If price moves downwards and close below the neutral zone, then the downward trading targets will be : 0.7371, 0.7300, 0.7250, 0.7200.



1H Chart


The area 0.7430 – 0.7443  is a neutral zone.

Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 0.7458, 0.7480, 0.7495, 0.7513, 0.7538.

Bearish scenario : If price moves downwards and close below the neutral zone, then the downward trading targets will be : 0.7407, 0.7391, 0.7370, 0.7347, 07318.

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.

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