For Traders

Analytical Reviews

Technical analysis

16.04.201906:36 Forex Analysis & Reviews: Forecast for AUD/USD on April 16, 2019

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

AUD/USD

On Friday, the 12th of April, the Australian dollar's growth accelerated ahead of the market, and this morning it also increased and was quicker than the market. On the H4 chart, the price breaks below the MACD line and the signal line of the marlin oscillator moved to the negative zone. The determination of the "aussie" to overcome the support of the MACD line of the daily chart (0.7110) is clearly present.

Consolidating below 0.7110 automatically enters the price into the accumulation range of 0.7060-0.7100. If by this time the daily scale marlin oscillator goes into the decline zone, then the price will finally come out of this accumulation range and the price will rush to support the embedded line of the price channel in the area of 0.7015.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.