Forex Technical Analysis of AUDJPY for October 19, 2015 | Forex Signals Market
Sunday, October 18, 2015

Forex Technical Analysis of AUDJPY for October 19, 2015

Support                              -   S1 : 86.234 | S2 : 85.790 | S3 : 85.249
Resistance                          -   R1 : 87.219 | R2 : 87.760 | R3 : 88.204
Main Trend                       -   Bullish
Intraday Trend                 -   Bullish

On forex technical analysis of 4H chart, we observe that price moves within a channel and above ΕΜΑ(50) and EMA(200) which have an upward cross between them. We have to pay attention to the divergence on MACD.

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 86.627  – 86.920   is a neutral zone.

Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 87.470, 88.120, 88.600, 88.950, 89.600, 90.000.

Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 86.000, 85.700, 85.400, 84.790, 84.100, 83.230.

1H Chart


The area 86.700 – 86.810  is a neutral zone.

Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 87.000, 87.300, 87.500, 87.800, 88.000, 88.250.

Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 86.380, 86.250, 85.950, 85.500, 85.100.

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 agree with our estimates? If you have another point of view, you can write your opinion in comments.

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