Recently the AUDRUB lost 8.3 % in one week and closed below 60 for that week.
This last week saw AUDRUB close back above 60 but the attempt to regain that lost territory is less then convincing.
From a purely technical perspective any follow through below 59.15 could see the pair making a probe lower to 50 at the least.
The coming week or two could set the...
AUDRUB in Uptrend: Stochastic indicator is sitting in overbought zone for 1 day
Expect a price pull-back in the near future.
Current price 50.08 is above 48.46 the highest resistance line found by Tickeron A.I. Throughout the month of 06/17/20 - 07/18/20, the price experienced a +5% Uptrend. During the week of 07/12/20 - 07/18/20, the FOREX enjoyed a +2% Uptrend growth.
STATUS = Confirmed
CURRENT CONFIDENCE = 66%
TARGET (EXIT) PRICE = 0.020353 AUD
BREAKOUT (ENTRY) PRICE = 0.020294 AUD
DISTANCE TO TARGET PRICE = 0.07% (1.4 pips)
EMERGED ON Jul 13, 08:00 PM (UTC)
CONFIRMED ON Jul 13, 08:59 PM (UTC)
WITH CONFIDENCE LEVEL = 70%
Tickeron AI shows that the Ascending Triangle pattern forms when the price of a pair tests a resistance...
STATUS = Confirmed
CURRENT CONFIDENCE = 61%
TARGET (EXIT) PRICE = 50.003969 RUB
BREAKOUT (ENTRY) PRICE = 49.671627 RUB
DISTANCE TO TARGET PRICE = 0.38% (19.0 pips)
EMERGED ON Jul 08, 03:00 PM (UTC)
CONFIRMED ON Jul 08, 03:00 PM (UTC)
WITH CONFIDENCE LEVEL = 72%
Tickeron AI shows that the Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when...
