AU200AU SHORT

٢١ سبتمبر ٢٠٢٢

Possible upward movement of the pair. Price is currently in a lower bound trading zone on significant volume , making stops and holding rejections at the bottom of price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think it could go in search of the previous high price zone.