Charting a Course to Success: Riding the Rising Wave with DSS Oscillator!
Alright, folks, let’s take a closer look at our charts. In the daily graph, we’ve got the DSS oscillator showing signs of an incoming bullish trend. Moving on to the 4-hour chart, the momentum oscillator is pointing towards an upward swing, even when the price is moving sideways. Now, we can’t make any hasty decisions […]
AUD/USD – Will the resistance level stop the positive momentum
The AUD/USD closed the month and the year positively. However, the price is still below the recent swing high of 0.6963. Meanwhile, the bullish engulfing bar in the immediate background threatens the recent rally. The bullish crossover between the 50-day and 100-day moving averages is a positive sign for the pair. Moreover, the price is […]
AUD/USD – We may see an upside correction?
The AUD/USD price paused the upside momentum around the 200-day SMA near 0.6900. The price rejection turned into a bearish engulfing pattern, suggesting a strong downtrend ahead. However, the price saw mild support by the 100-day SMA. We may see an upside correction on the lower timeframes before the resumption of a downtrend. The 0.6685 […]