AUD/USD Movement in the ascending channel?
Hello friends
By checking the chart in:
Monthly time frame:
- It seems that the price is in a monthly range area, between the support and resistance levels
With the formation of a doji at a strong support level, we saw a strong bullish candlestick
- Stoch RSI; Close to 50, is the range
- RSI; Less than 50, and range
- MACD; Weakness of reduction and convergence
Weekly time frame:
- We are witnessing a wedge
The price closed with a strong bullish candle and broke the downtrend line
However, it has also broken the uptrend line in the past
(range area)
- Stoch RSI; Close to 100, and tending to decline
- RSI; Above 50 and tending to climb
- MACD; The tendency to climb
Daily time frame:
- The price is moving in an ascending channel
And while the ceiling broke the weekly downtrend line, it closed with a doji
- Stoch RSI; In an upward direction, but there is a divergence
- RSI; Close to 70, and divergence. But the signal has not returned yet
- MACD; ascending
4H time frame:
- In the ascending channel, HH was formed
- Stoch RSI; Below 50 and tend to decrease
- RSI; Divergence and tendency to decrease
- MACD; Tendency to decrease
Smaller time frames are ranges
I think in the next week, the price with an upward movement and contact with the ceiling of the channel.
It takes a decreasing trend
be profitable
Thank you for expressing your opinion with likes and comments
By checking the chart in:
Monthly time frame:
- It seems that the price is in a monthly range area, between the support and resistance levels
With the formation of a doji at a strong support level, we saw a strong bullish candlestick
- Stoch RSI; Close to 50, is the range
- RSI; Less than 50, and range
- MACD; Weakness of reduction and convergence
Weekly time frame:
- We are witnessing a wedge
The price closed with a strong bullish candle and broke the downtrend line
However, it has also broken the uptrend line in the past
(range area)
- Stoch RSI; Close to 100, and tending to decline
- RSI; Above 50 and tending to climb
- MACD; The tendency to climb
Daily time frame:
- The price is moving in an ascending channel
And while the ceiling broke the weekly downtrend line, it closed with a doji
- Stoch RSI; In an upward direction, but there is a divergence
- RSI; Close to 70, and divergence. But the signal has not returned yet
- MACD; ascending
4H time frame:
- In the ascending channel, HH was formed
- Stoch RSI; Below 50 and tend to decrease
- RSI; Divergence and tendency to decrease
- MACD; Tendency to decrease
Smaller time frames are ranges
I think in the next week, the price with an upward movement and contact with the ceiling of the channel.
It takes a decreasing trend
be profitable
Thank you for expressing your opinion with likes and comments