Strong Sell on EUR/AUD. Please see description for explanation.
1. MACD is showing downwards momentum increasing and decreasing upwards momentum. Histogram showing move into bearish territory.
2. CCI is showing price moving into sell signal with conviction.
3. Bollinger band is tight showing break down or up possible in the near future.
4. End of head and shoulders pattern.
5. 20 day Moving Average starting to fall with price moving below the line. Potentially the start of trend downwards.
6. Australian dollar benefiting from capital flight from China and comparatively higher interest rates. Risk appetite increasing as well.
2. CCI is showing price moving into sell signal with conviction.
3. Bollinger band is tight showing break down or up possible in the near future.
4. End of head and shoulders pattern.
5. 20 day Moving Average starting to fall with price moving below the line. Potentially the start of trend downwards.
6. Australian dollar benefiting from capital flight from China and comparatively higher interest rates. Risk appetite increasing as well.
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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.