Resistance - R1 : 93.98 | R2 : 94.07 | R3 : 94.62
Support - S1 : 92.14 | S2 : 91.59 | S3 : 90.90
Trend - Bearish
Recommended position - Short
Financial Announcements
EURUSD - ECB President Draghi's Speech
We can observe the charts of forex technical analysis for the exchange rate AUDJPY, that on 4H chart price moves sideway within the borders of triangular formation and at the same time try to break upward the EMA(200). Between EMA(200) and EMA(50) there is an upward cross.
On 1H chart price remain below EMA(50) and EMA(200). Also we observe an Andrews Pitchfork and the price to move at the upper channel.
According to the charts of forex technical analysis all the critical levels and forex trading targets about H4 and H1 charts for Monday, March 16, are as follows:
The area 93.05 - 92.80 is a neutral zone.
Bullish scenario : If the price move upwards and close above the neutral zone, then the upward trading targets will be : 93.30, 93.60, 93.80.
Bearish scenario : If price move downwards and close below the neutral zone, then the downward trading targets will be: 92.21, 92.00, 91.79, 91.55.
The area 92.70 - 92.55 is a neutral zone.
Bullish scenario : If the price move upwards and close above the neutral zone, then the upward trading targets will be : 93.00, 93.40, 93.60, 93.80.
Bearish scenario : If price move downwards and close below the neutral zone, then the downward trading targets will be: 92.82, 91.79, 91.55.
Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy . We note the need to use levels stop loss.
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.
Support - S1 : 92.14 | S2 : 91.59 | S3 : 90.90
Trend - Bearish
Recommended position - Short
Financial Announcements
EURUSD - ECB President Draghi's Speech
We can observe the charts of forex technical analysis for the exchange rate AUDJPY, that on 4H chart price moves sideway within the borders of triangular formation and at the same time try to break upward the EMA(200). Between EMA(200) and EMA(50) there is an upward cross.
On 1H chart price remain below EMA(50) and EMA(200). Also we observe an Andrews Pitchfork and the price to move at the upper channel.
According to the charts of forex technical analysis all the critical levels and forex trading targets about H4 and H1 charts for Monday, March 16, are as follows:
4H Chart
Bullish scenario : If the price move upwards and close above the neutral zone, then the upward trading targets will be : 93.30, 93.60, 93.80.
Bearish scenario : If price move downwards and close below the neutral zone, then the downward trading targets will be: 92.21, 92.00, 91.79, 91.55.
1H Chart
Bullish scenario : If the price move upwards and close above the neutral zone, then the upward trading targets will be : 93.00, 93.40, 93.60, 93.80.
Bearish scenario : If price move downwards and close below the neutral zone, then the downward trading targets will be: 92.82, 91.79, 91.55.
Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy . We note the need to use levels stop loss.
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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