Alligator is clenching the jaws before the AUDNZD decline

22 february 2022 128
Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices", "US stocks" and "Metals"
2nd in the segment "Currencies"
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The reversal bar in the form of the shooting doji star according to the «Profitunity» system by Bill Williams, more commonly known as Alligator, materialized on 16 February slightly below the resistance of 1.077 and according to the systems, it is the first sell signal.


Today, we observe three running completed red lines on the Awesome Oscillator bar chart which is also a sell signal, the second under the system.


Despite the absence of explicity influence of the system by Bill Williams in market forecasting together with the reversal pattern of the shooting doji star and the signal of 3 lines of the AO indicator, in the near future, the decline in the AUDNZD  currency pair to 1.065 and 1.06 is still probable. 

Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices", "US stocks" and "Metals"
2nd in the segment "Currencies"
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