OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD flashing a “Death Cross” signal

AUD/USD is displaying a “Death Cross” on 4hr charts, which is considered a harbinger of bad things to come.

This technical event happens when a short-term moving average falls below its long-term moving average, in this case a crossover between the 100-period and the 200-period MA.

The existence of a Golden Cross does not in itself justify buying a market. Therefore, only a bounce towards the crossover level would allow traders adhere to the trend at fair valued prices following an otherwise lagging signal.

Germany Wholesale Price Index (YoY) up to -1.6% in October from previous -1.8%

Germany Wholesale Price Index (YoY) up to -1.6% in October from previous -1.8%
Read more Previous

South Africa Manufacturing Production Index (YoY) increased to 2.2% in September from previous 0.4%

South Africa Manufacturing Production Index (YoY) increased to 2.2% in September from previous 0.4%
Read more Next
Start livechat