Forex Technical Analysis of AUDUSD for October 26, 2015 | Forex Signals Market
Sunday, October 25, 2015

Forex Technical Analysis of AUDUSD for October 26, 2015

Support                              -   S1 : 0.7183 | S2 : 0.7140 | S3 : 0.7083
Resistance                          -   R1 : 0.7282 | R2 : 0.7339 | R3 : 0.7382
Main Trend                       -   Bullish
Intraday Trend                 -   Bullish

On 4H chart of forex technical analysis price moves between EMA(50) and EMA(200) which have upward cross. Also is at the bottom of the lower channel of Andrew's Pitchfork.

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 0.7220  – 0.7245   is a neutral zone.

Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 0.7295, 0.7340, 0.7360, 0.7380, 0.7410.

Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 0.7190, 0.7150, 0.7125, 0.7070, 0.7015, 0.6960.

1H Chart


The area 0.7218 – 0.7229  is a neutral zone.

Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 0.7238, 0.7250, 0.7270, 0.7285, 0.7295, 0.7325.

Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 0.7200, 0.7180, 0.7160.

There is no Harmonic Pattern on forex technical analysis for AUDUSD.

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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