MASR Stochastic Says that AUDNZD is at Extreme OverSold

in masr •  5 years ago 

It seems that AUDNZD is ready to reverse its current downside rather than to continue. Here are my reasons.

  1. AUDNZD price candles move under its two standard deviation channel, which is an extremely oversold.
  2. price candles are too close to an important support around 1.0400 and next support will be 1.0300
  3. A hidden divergence between AUDNZD candles and MASR Stochastic.
  4. MASR Stochastic is at extreme oversold under 30%.

Bermaui.png

Conclusion

AUDNZD is much more ready for a reversal to the upside which is considered as an opportunity for conservative trader to begin buying.
You can add you trades manually or depending on Bermaui Average EA: https://www.mql5.com/en/blogs/post/730567

Important Links:

MASR Tools Manual: https://www.mql5.com/en/blogs/post/721889
MASR Bands: https://www.mql5.com/en/market/product/43431
MASR Stochastic EA Example: https://www.mql5.com/en/blogs/post/731140

Best regards
Muhammad Al Bermaui, CMT

masr stochastic audnzd bermaui
5 years ago by

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