Forex_signals
Temporary reduction of pricesTemporary reduction of prices
In general, as you can see, it is in a long-term uptrend channel and has not been able to cross its resistance with several consecutive attempts, and is expected to fall to the bottom of the channel if it loses its uptrend line. It will be, and if it can overcome its resistance, it is expected to climb to the top of the channel. In general, the price is more likely to decrease to the bottom of the channel.
Because according to the stochastic oscillator, a descent occurred, which indicates a short-term death cross in price.
Expect a temporary reduction
It is in a long-term uptrend channel and a line has delayed its uptrend.
It is likely to hit the bottom of the channel again and then touch the roof of the ascending channel by breaking the trend line.
Based on the stochastic oscillator, a death cross occurred, which is a sign of price reduction
It is better to wait for the channel floor to touch or the trend line to break.
The possibility of falling prices
As you can see, we are in a long-term channel and an important support that has prevented the channel from falling to the bottom and the price may suffer for a while, but due to two consecutive attempts to break the channel, there is a possibility of returning to the bottom.
NZDUSD Ascent or descent ???
We have been in a downtrend for some time and now at the top of the channel and at the bottom of an important support if this support is lost we will see a big price reduction and also if it can break the ceiling of the channel we have broken a strong downtrend line We will see good climbs
Will AUD/JPY break daily zone to the upside?AUD has been inconsistent with its strength over the past few days, one day its strong fundamentally and then the next its weak, but its not as weak as the JPY which is the weakest currency and has been for quite a while. so despite the inconsistency with the AUD fundamentals are still to the upside so we will only be interested when price breaks its daily zone to the upside (red zone) where we will then look for exhaustion and entry confirmation to place our trade.