empty
 
 
19.04.2021 06:04 AM
Forecasts for AUD/USD on April 19, 2021

AUD/USD

Today it opened below the balance indicator line. This means that the interest of market players at the opening of the week, expressed through this technical instrument, is aimed at pulling down the Australian currency. This reversal trend is confirmed by the Marlin oscillator, which is confidently turning down. The target is the high on December 17, 2020 at 0.7641. Overcoming the level opens the second target at 0.7565.

This image is no longer relevant

The Marlin oscillator has not yet moved into the downward trend zone on the four-hour chart. Perhaps such a prudent stop of it near the border of the bears' territory is associated with an open gap. However, the gap is so small (3 points) that it can be neglected. But regardless of whether this gap is closed or not, a confirmation of the condition and a sign of a confident price movement to the downside will be its departure under the MACD line, below 0.7675.

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback