Category: converged

AUDUSD moves lower and tests converged 100/200 bar MAs on 4-hour chart at 0.6638

June 22, 2024

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Investor Empires

The AUDUSD traded lower this week, testing the swing zone between 0.6575 and 0.6590. The subsequent move to the upside then tested the top of the swing zone between 0.6677 and 0.66896 (see chart below). Staying within the confines of the “red box” where most of the trading has taken…
EURUSD sellers push the pair down to the 100/200 hour converged MAs. Stalls the fall.

May 31, 2024

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Investor Empires

EUR/USD rose yesterday until it reached its 100 and 200 hour moving averages. Sellers took hold of this level and pushed the price lower during the Asian session as buyers came in support against its 100-day moving average (blue line at 1.08074). The price then started to move to the…