stamoyo
Long

AUD/USD Plausible price action

FX:AUDUSD   Australian Dollar / U.S. Dollar
The pair is near an important support level of the Gann Fan and a support line as well. The RSI stays lower but not quite far from 50 points. The EMAs are almost crossing which means trend reversal ( bearish now ) or very low volatility . That, in combination with the weak RSI brings us to the conclusion that there are not many new openings and closing or at least they are balanced. Even so, the market is somewhat bearish , lately. Consequently, the price is easily affected by even small amounts of cash flows or news and most probably the arbitrage will bring the price higher. Bear market is also possible but something much fundamental should happen. Not quite plausible.
*Disclaimer: this is for educational purposes only*
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out