AUDCHF is on fire next week. The good type of fire.This week we saw the groundwork set for an AUDCHF longs revival trade.
We now have a nice cross-up of the MACD line up on the Signal line. For longs these are the best x-ups when they occur below the Zero-line like in all the examples in the following daily chart.
These can make huge moves and gains lasting days, weeks or even months but they do not necessarily constitute a trend reversal. When other confluence is confirmed such as divergences, moving averages providing price support, and MA's cross-ups they work out much better.
Another one I am monitoring that I think will be huge but not quite yet is AUDCAD.
