Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Buy | Neutral | Sell |
Alligator (13; 8; 5) | Sell | Sell | Buy |
SAR (0.02; 0.2) | Buy | Sell | Buy |
Aggregate | ⇒ | ⇘ | ⇗ |
After holding out for a rather long period of time the previously drawn medium scale speculative ascending pattern on the EUR/AUD currency pair was broken. Due to that reason and the high demand for this exotic pair another review is being done.
In general two speculative patterns were noticed. By speculative it is meant that the lower trend lines of the both ascending channel pattern are not confirmed by two rebounds, but rather set parallel to the confirmed upper trend lines by using as a reference point one reversal point.
In regards to the short term the pair can be expected to form a short term descending pattern.