finitemonk

AUDUSD - TRAPPED & DANGEROUS

FX:AUDUSD   Australian Dollar / U.S. Dollar
66 0 0
So, I wanted to test my theory on another pair. I can't find any Prime Carrier/ Overall Channel though the upward rising fork might be a good contender. It's hard to tell because the AUD is a commodity currency and so extremely volatile.

However this may help anyone who trades it. Here are the two opposing force lines/forks.
It fell out the upper lines, clearly. It's now in between the two closing Median Lines.
It can't decide, trapped. It confirms the 'danger zone' I heard the other day. To me this explains why.

Unless you're very brave, or trading really short term, me thinks stand well clear. When it does get out the lines might be useful though I think it may well fling off quite a long way! Squeeze ....
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out