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.
This content is for informational purposes only and is not intended to be investing advice.
