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Pivot point, Resistance level and support level is most important to understand before trading. Resistance Level shows markit is going up so buy is best for traders and Support Level shows market is going down so it is best for sell trading.
The support and resistance level educate us for markit trading up or down so we can trade sell or buy and get huge benefit in trading.
We also know about the movement of price up and down in down because of news. News of donald trump is most important. About USA and Chaina trades.
I have also make trading about these analysis of moving arevages. Parabolic SR.
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Forex Forecast with price level
AUD/JPY - pair in focus.
Current Price - 68.87
main support level - 68.78
main resistance level - 68.95
Pair likely to be in Sell today.
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Forex forum is the good forum in the world. It provide us facility to earn good profit by trading on it.
I have also use this forum for invest money and make trading to earn good profit.
I have used to indicators RSI and Zigzag for signal of trading then I have made trading and earn good profit.
Note:Always Follow the making experienced with others having great knowledge about trading.
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price is holding very well above this resistance level and if you see closely last few daily candles then you can see that price is rejecting from this support level so I think now we should look for the bullish opportunities for further bullish movement. If the price breaks this level then we should look for the bearish opportunities below this support level.
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Pivot points68.86
Resistance 1=68.91
Resistance 2=68.94
Resistance 3=69.00
Support 1=68.83
Support 2=68.78
Support 3=68.74
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Daily market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain goof and huge profit I thing keep in mind use money manage and always use stop loss and take profit.
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Pivot points68.86
Resistance 1=68.91
Resistance 2=68.94
Resistance 3=69.00
Support 1=68.83
Support 2=68.78
Support 3=68.74
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If a M15 close above 83.00 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 81.00 sell only and do not buy. If price closes back above it again do nothing
The range 83.00 and 81.00 is neutral area, any trade done in between is personal decision and not part of this analysis
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by the time i wrote this analysis the price is now sitting above the trendline and it seem it will close above the trendline within 1h from now.....ok let see what happen tomorrow.....my view is still the same this pair will go down until 82.85
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I am guided by indicators Stochasis (7,5,3) which break high and fibbo indicator trend down and assuming that there are several possible markets trend is overbought then I will use the trapping strategy with market position BUY I predict this pair have bullish direction
I suggest to take LONG position today
time frame that is considered while making support and resistance levels – use Daily and Weekly time frame, consider the daily economic news before taking the trade.
money management is very effective for getting profits with stop loss and take profits method with current trading position.
