A possible long opportunity is coming up for the AUD/USD. We would just need a little more movement upwards for me to jump in and say BUY with conviction. All the indicator signals are aligning to produce a message that says the market is ready to shoot up.
Signals:
Price bouncing off Linear regression.
Price bouncing off long term support.
MACD moving into bull territory with upward momentum.
RSI is moving up.
CCI is lifting up into buy/oversold territory.
Moving Averages are turning up.
Bollinger Band has potential to expand.
Signals:
Price bouncing off Linear regression.
Price bouncing off long term support.
MACD moving into bull territory with upward momentum.
RSI is moving up.
CCI is lifting up into buy/oversold territory.
Moving Averages are turning up.
Bollinger Band has potential to expand.