AUSUSD (Y20.P1.E1).More losses to proceed
Updated
Hi All,
Observations:
===========================================================
> Downward channel
> Downward trend not broken, higher lows and lower lows.
> 200 and 50 EMA still above price
> RSI bearish, MACD bearish on the weekly. RSI has room for more lows.
Thoughts:
===========================================================
Another 5% loss against the USD is forecasted to hit previous bottom.
Other references:
Australian-Dollar-Forecast-Key-AUDUSD-Levels-to-Watch-as-Breakdown-Unfolds
Regards,
S.Sari
(for my reference, W.List chart)
Observations:
===========================================================
> Downward channel
> Downward trend not broken, higher lows and lower lows.
> 200 and 50 EMA still above price
> RSI bearish, MACD bearish on the weekly. RSI has room for more lows.
Thoughts:
===========================================================
Another 5% loss against the USD is forecasted to hit previous bottom.
Other references:
Australian-Dollar-Forecast-Key-AUDUSD-Levels-to-Watch-as-Breakdown-Unfolds
Regards,
S.Sari
(for my reference, W.List chart)
Trade closed: target reached
Order cancelled
Over performed to my forecast.
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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