AUDUSD: Rising Wedge for Falling
Since the price came down from 0.7245, traders started to be confused, and we can see that from the volume.
After the falling, the price started to form the rising wedge, which could be a bearish signal.
The Bollinger Bands shrunk after the falling, which led to the falling wedge. Now, the Bands do not show too many signals.
The RSI seems to go down a little bit, however, the wedge is still forming, this could not be the signal for the end of the wedge.
Let’s wait for more signals
After the falling, the price started to form the rising wedge, which could be a bearish signal.
The Bollinger Bands shrunk after the falling, which led to the falling wedge. Now, the Bands do not show too many signals.
The RSI seems to go down a little bit, however, the wedge is still forming, this could not be the signal for the end of the wedge.
Let’s wait for more signals
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.