Support - S1 : 0.7230 | S2 : 0.7195 | S3 : 0.7142
Resistance - R1 : 0.7318 | R2 : 0.7372 | R3 : 0.7400
Main Trend - Bullish
Intraday Trend - Bullish
In the 4H chart of forex technical analysis for the exchange rate AUDUSD, we observe that EMA(50) and EMA(200) have upward crossed between them and the price is above EMA(50). There are two Andrew's Pitchfork. The blue Andrew's Pitchfork is upward and prices move within the lower channel. The red Pitchfork is downward and price remain within the upper channel.
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 0.7278 – 0.7300 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 0.7335, 0.7385, 0.7430, 0.7460, 0.7500.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 0.7200, 0.7175, 0.7130, 0.7070, 0.7000.
The area 0.7268 – 0.7277 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 0.7300, 0.7330, 0.7350, 0.7365, 0.7395, 0.7435.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 0.7245, 0.7230, 0.7210, 0.7165, 0.7130.
On forex technical analysis in 1H chart, there is a Bullish Harmonic Pattern .618 x AB = CD
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.
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 : 0.7318 | R2 : 0.7372 | R3 : 0.7400
Main Trend - Bullish
Intraday Trend - Bullish
In the 4H chart of forex technical analysis for the exchange rate AUDUSD, we observe that EMA(50) and EMA(200) have upward crossed between them and the price is above EMA(50). There are two Andrew's Pitchfork. The blue Andrew's Pitchfork is upward and prices move within the lower channel. The red Pitchfork is downward and price remain within the upper channel.
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 0.7278 – 0.7300 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 0.7335, 0.7385, 0.7430, 0.7460, 0.7500.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 0.7200, 0.7175, 0.7130, 0.7070, 0.7000.
1H Chart
The area 0.7268 – 0.7277 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 0.7300, 0.7330, 0.7350, 0.7365, 0.7395, 0.7435.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 0.7245, 0.7230, 0.7210, 0.7165, 0.7130.
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.
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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