j.Hejazi | End of AUDNZD Bullish Trend
ที่อัปเดต:
The bullish trend line for AUDNZD appears to be nearing its end, as upward momentum appears to be losing steam. This is evident in the fact that higher highs are becoming increasingly closer and new highs are being printed less frequently, as well as a divergence on the MACD indicator. Additionally, the monthly resistance at 1.10500 and the 200-day moving average have been touched without a breakout, which is another clear indication that the bullish trend may have run its course.
We now need to wait for the price to break the monthly ascending trend line and the 1.09100 support level before considering it a sell signal, with a first target of 1.08000.
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We now need to wait for the price to break the monthly ascending trend line and the 1.09100 support level before considering it a sell signal, with a first target of 1.08000.
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Please follow if you're interested in more ideas like this.
Your support is greatly appreciated!
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Finally AUDNZD broke the monthly ascending trend line, Heading to 1.09100
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