AUD / JPY: upward movement and medium term downtrend
Price below the diagonal support, which changed the trend to negative in the short term
Test 88.85 after breaking pin bar, indicating that the movement is downward
Price below 5 EMA which is still negative formation.
Moving Averages arranged in formation sword, CCI (50) below 0, RSI is below 50. As it is, the movement is downward
Possible change in sentiment will be only when the RSI crosses above 50
50% retracement of the bear bar - a good place to sell, with a little stop
Australian Dollar Remains under pressure after poor Chinese data
Stefan D. Angelov- Head of Stocks Trading
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.