ade takes no responsibility for loss incurred as a result of the content provided inside of our Telegram groups. This website is free for you to use but we may receive a commission from the companies we feature on this site. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Past performance in the markets is not a reliable indicator of future performance. You should seek independent advice before trading if you have any doubts. Like any investment, there is a possibility that you could sustain losses of some or all of your investment whilst trading. Only trade with money you are prepared to lose. Before trading, you should carefully consider your investment objective, experience, and risk appetite. Trading the financial markets carries a high level of risk and may not be suitable for all investors. The information on the ade website and inside our Telegram group is intended for educational purposes and is not to be construed as investment advice. Anticipating the engagement of sellers at the resistance trendline, a decline towards the 92.00 level is projected.ĭo you want to take your trading to the next level? Join the best platform for that here Concurrently, the Stochastic oscillator is showing oscillations towards the overbought region. The price is currently ascending towards the resistance trendline of a descending wedge pattern. The Stochastic oscillator also underscores the prevailing bearish sentiment in the market, adding weight to the downside potential. Subsequently, the exhaustion of buying momentum was revealed by the Stochastic, leading to a price plummet below the 9 and 21-period Moving Averages.Īt present, the daily candlesticks are confined within a bearish channel, aligning with the ongoing price decline. Resistance Levels: 92.80, 92.00, 90.20 Long-Term Trend For AUDJPY: BearishĪ significant selling pressure was triggered on July 19th as the Stochastic oscillator entered the overbought territory. These events underscore the rapid shift in market sentiment. The price trajectory was guided higher by Moving Averages until a bearish market shift became evident in July. The AUDJPY currency pair is presently undergoing a corrective phase as observed on the daily chart.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |