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AudJpy is in a weekly bearish channel and moving towards lower trendline
On the weekly chart we can see the bearish channel:
Price is moving down now, and shows a strong bearish weekly candle
I expect a lower price in AudJpy next month
On the daily chart we can figure out when the downside might hold:
A double top has formed on the daily chart indicating a high is in place
Price of the pair has broken below the rising trendline, and below SMA's
MACD and Stoch are both bearish - I expect a sharp …
On the weekly chart we can see the bearish channel:
Price is moving down now, and shows a strong bearish weekly candle
I expect a lower price in AudJpy next month
On the daily chart we can figure out when the downside might hold:
A double top has formed on the daily chart indicating a high is in place
Price of the pair has broken below the rising trendline, and below SMA's
MACD and Stoch are both bearish - I expect a sharp …