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AUD/USD
When considering the likely price behavior for the next 1-2 days, let's first consider the Marlin oscillator's structure. On the daily chart, its signal line went up from the wedge-shaped structure, which is formally a signal for the price to continue rising.
And then two options appear at once: the exit from the wedge turned out to be false and tonight the signal line will go under the upper forming line of the wedge, and the wedge may also transform into a regular channel (dashed line), which warns of an unexpected downward reversal after the price rises above the embedded price channel line (0.7517). Such growth may turn out to be false, but it can extend to the MACD line, to the area of 0.7586. For now, the main scenario is for the price to fall today and by tomorrow, it could reach the level of 0.7410. When it goes under it, the second target at 0.7364 opens along the price channel line, and a little below the third target at 0.7344.
Yesterday, the price settled above the MACD indicator line on the four-hour chart, but remained below the red balance line. This is a sign of a false exit, as it happened before during the 13th and 9th. At the moment, the price is attacking the MACD line with a simultaneous transition of the Marlin oscillator into the area of negative values. The synchronized signal will amplify the decline. We are waiting for the aussie to reach the first target level at 0.7410.
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