A down trend for AUD in future
A bearish flag is forming and nearly complete its pattern. Although AUD price goes up but volumes in histogram on MACD descend showing that a downtrend is coming.
Besides, MACD line is going to cross under signal line. When they cross, a bearish signal will be confirmed.
This post is just to let you know that main trend might be down (waiting for a break down the flag to confirm pattern), so for long term traders, sell orders should be more considered than buy orders.
Besides, MACD line is going to cross under signal line. When they cross, a bearish signal will be confirmed.
This post is just to let you know that main trend might be down (waiting for a break down the flag to confirm pattern), so for long term traders, sell orders should be more considered than buy orders.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.