Analysis for AUD/USD Read Below
Based on TA findings I am neutral on both bears and bulls as of now. With the EUR/USD major pumping up the ladder half of this week. Bringing major thoughts of question on whether the dollar is a stable as the FED claims. From all cross-references I am only finding bearish sentiment as of now on the daily and hourly chart timeframes. With a decent sized bearish engulfing candle formed on the daily side. I'm genuinely interested to see how things work out in the coming weeks. Will the bearish engulfing candle hang in there, or will the dollar become increasingly unstable and lead to a reversal in the near future? That is what I'm looking at as of now.
This is very minimal analysis as of now, when I get me EMA's setup again ill do a follow up post when I started to see what price action does and if price movement can shift.
This is very minimal analysis as of now, when I get me EMA's setup again ill do a follow up post when I started to see what price action does and if price movement can shift.
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.