Wednesday, 30 October 2013

AUD/USD update

AUD/USD D1 chart

Moved my stoploss near where my entry was because it is also the high of today's trading.

I still believe that the price has a long way downward before it reverses. But just in-case I'm wrong, I will just have a few loss.

Stochastic lines just above the oversold line and might be below the line by tomorrow's trading.

MACD lines showing a strong bearish trend by the direction of both lines while the histogram is giving a strong selling volume for this pair.

RSI is hanging just above the oversold area which is still a good indicator of bearish trend.

ADX line still hasn't show any signal of a clear ongoing trend because of it's direction pointing downwards.

No comments:

Post a Comment