Price have crossed the trend line and previous resistance level. Also considering DXY having room to drop to the next support level, AUD sure has more space to grow.
MACD shows an uptrend.
Please feel free to comment, all suggestions are welcomed.
Happy Trading Folks.
RSI is calling for a downward trend and the current price is reaching a previous resistance level.
I will wait for confirmation of beak below the trend line to enter the trade.
Please feel free to comment. Happy trading folks.
Good day, Folks
Price has been held down below the pivot point in the last few days, also it is completing an inverted head and shoulder pattern.
I expect the price to pull back one more time (according to stochastic and RSI indicators) before penetrating through the pivot line.
Sill learning how to trade. So any comments and suggestions are most...
My Ideas for USD JPY.
* Indicating a strong support level on the weekly chart below the current rate and price sitting at above 200 MA.
* DXY indicating a downtrend with no news the cause change of directions otherwise.
Any comments and advice appreciated. Still new to trading and learning :)