AUDNZD Weekly Forex Forecast 23rd September To 28th September
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.1140 would begin in Midterm.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 47.
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.1140 would begin in Midterm.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 47.
algorithmic trader - I have quantified sentiment necessary for trading elliott waves