The Australian dollar gained 9 points yesterday on the back of a 0.28% drop in the US dollar index. On the daily scale chart, only the Marlin Oscillator indicates a potential reversal, but for a complete understanding of the situation, the price must rise above the MACD line, above the level of 0.7332. In this case, the target level 0.7414 will become real.
On the four-hour scale, the double convergence of the price with the Marlin Oscillator took place. This is a qualitative sign of an upward price reversal. The second sign will be the price exit above the MACD line, and until that moment the price has only a few points left, and the exit of the signal line of the oscillator into the positive area. These two actions are likely to happen in sync, which will amplify the signal. It is desirable for the price to settle above the MACD line; a signal may be a price exit above yesterday's top 0.7294.
from RobotFX
Last week, the EUR/USD pair ended with a slight 0.10% decline but posted a weekly gain of 0.51%, amid reduced risk appetite amid specul...
The EUR/USD currency pair traded very sluggishly for most of the day on Wednesday. This is not particularly surprising, as there were n...
Bitcoin has fallen below $100,000, which is a rather alarming signal for traders. Ethereum is also trading around $3,100, preparing to test ...
Analysis of Transactions and Trading Tips for the Japanese Yen The price test at 154.66 coincided with the MACD indicator just beginning to...
On Tuesday, the EUR/USD pair formed a clear rebound from the 76.4% corrective level at 1.1517, reversed in favor of the euro, and rose towa...
EUR/USD Analysis on July 10, 2025 The wave pattern on the 4-hour EUR/USD chart has not changed for several consecutive months. The formation...
Trend Analysis (Fig. 1). On Friday, from the level of 1.3187 (yesterday's daily candle close), the market may begin moving downward tow...
Download NOW!
No comments:
Post a Comment