{"id":10920,"date":"2010-07-08T08:40:24","date_gmt":"2010-07-08T12:40:24","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10920"},"modified":"2010-07-08T08:40:24","modified_gmt":"2010-07-08T12:40:24","slug":"audusd-provides-signs-for-reversal","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/08\/audusd-provides-signs-for-reversal\/","title":{"rendered":"AUD\/USD Provides Signs for Reversal"},"content":{"rendered":"<p><strong>By Anton Eljwizat <\/strong>&#8211; In the last two days trading, the AUD\/USD experienced much  bullishness, as it stands now at 0.8730. However as I demonstrate below,  it seems that the pair\u2019s bullish run may have run of steam, and a  bearish correction could be underway soon. Forex traders have the  opportunity to wait for the downward breach on the hourlies and go short  in order to ride out the impending wave.<\/p>\n<p>\u2022\tBelow is the 4-hour chart of the  AUD\/USD currency pair.<\/p>\n<p>\u2022\tThe technical indicators that are used are the William Percent  Range, Relative Strength Index (RSI), and Slow Stochastic.<\/p>\n<p>\u2022\tPoint 1: There is a \u201cdoji\u201d candlestick that has formed on the  chart, indicating that a reversal should take place.<\/p>\n<p>\u2022\tPoint 2: The Slow Stochastic indicates an impending bearish cross,  signaling that the next move may be in a downward direction.<\/p>\n<p>\u2022\tPoint 3: The Relative Strength Index (RSI) indicates that the price  of this cross currently floats in the overbought territory, signaling  downward pressure.<\/p>\n<p>\u2022\tPoint 4: The Williams Percent Range also supports the downward  direction.<\/p>\n<p>AUD\/USD 4-Hour Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/AUD-USD-7-8.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/AUD-USD-7-8.JPG\" alt=\"\" width=\"446\" height=\"586\" \/><\/a><\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by<span style=\"text-decoration: underline;\"> <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                         Yard.<\/a><\/span><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                         may not be suitable for all investors. There is a              possibility      that     you   could sustain a loss of all   of    your         investment and      therefore  you     should  not    invest   money  that   you      cannot afford to      lose. You   should    be      aware of   all   the    risks   associated with    Foreign      Exchange    trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anton Eljwizat &#8211; In the last two days trading, the AUD\/USD experienced much bullishness, as it stands now at 0.8730. However as I demonstrate below, it seems that the pair\u2019s bullish run may have run of steam, and a bearish correction could be underway soon. Forex traders have the opportunity to wait for the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/07\/08\/audusd-provides-signs-for-reversal\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AUD\/USD Provides Signs for Reversal&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10920","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10920"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10920\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}