sultancoker

sultancoker Updated 

When assessing the potential for taking a long position on the AUD/USD pair, there are several factors to consider based on the provided Stochastic Oscillator readings. The Stochastic Oscillator indicates that the pair is currently in an oversold condition (1H, 4H, 1D as of the time of this analysis) . Specifically, the %K line is at 12.95, and the %D line is at...

sultancoker Updated 

In the case of AUDUSD, the Stochastic Oscillator is giving an oversold signal for the AUD/USD currency pair. The %K and %D values you've provided (8.83% and 5.15% respectively) are both well below 20, which further emphasizes the oversold condition. Additionally, the BEARISH TREND weakens in the short term which supports a short-term uptrend. However, it is...

sultancoker Updated 

There seems to be a movement in the opposite direction from the original bearish movement. My prediction is the Buyers are making a prediction forecast in the event of lower inflation for AUSSIE and a no-interest rate hike for USD. However, according to my pattern analysis, the price has not completed its full reversal on price yet. Therefore, there is still a...

sultancoker Updated 

Once the price is able to break through here; 0.68441, the next stop with some resistance to breakthrough is most likely 0.67899

sultancoker Updated 

The Stochastic Oscillator %K value is 84.92% and the %D value is 91.64%. Both values are above 80, indicating an overbought condition. This suggests that the price has reached a relatively high level and a pullback or reversal may be likely. The price is likely to retrace back to around .66300. From the Daily time frame, it is evident that the price is nearing...