AUDUSD in a strong short term downtrend?
AUDUSD has been in a long-term uptrend for the entire period "post-covid volatility", in March 2020.
Recently, we have had a good down-movement and many traders were wondering if this is just a retracement of the beginning of a new trend.
The setup of the moving average seems to be still slightly bullish, but the price just broke an important uptrend line, forming a new swing low that is lower than the previous one. We have reason to believe that this short-term downtrend can potentially continue even for this week.
Recently, we have had a good down-movement and many traders were wondering if this is just a retracement of the beginning of a new trend.
The setup of the moving average seems to be still slightly bullish, but the price just broke an important uptrend line, forming a new swing low that is lower than the previous one. We have reason to believe that this short-term downtrend can potentially continue even for this week.
Find out more at itstradingtime.com/
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
Find out more at itstradingtime.com/
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.