HIstorical trend analysis of AUD/NZD
Updated
Two times since April we've had major stochastic divergences with changes of trend direction as a result. Now, we're heading for something looking like a double top, with fading out intensity. However, we might see consolidation over the resistance line in the next few days, followed by a jump over next resistance - like in April. If we were to get a proper divergence I would short this so hard my pants would fall off, to support the double top on the daily.
Please comment with your views.
Please comment with your views.
Note
Adding EDMA shows we're at a really interesting point - first candle monday will show direction of trend. If we get a nice bearish candle we'll see some 50 pips retracement before another northbound wave
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.