Yesterday, the Australian dollar fell by 15 points, the expected reversal of the signal line of the Marlin oscillator from the zero line which is the border with the territory of growth took place. The price can still try to work out the target range of 0.7765 / 83, but it is much harder to do this, since the price has moved under the red indicator line of the balance and the market mood (in the interpretation of our concept) shifted to sales. Now the nearest target is the 0.7625 / 41 range. Next, the price is waiting for a number of levels: 0.7535, 0.7500, 0.7464, 0.7410.


Based on the four-hour chart, the Marlin oscillator is already attacking the border with the territory of the declining trend. Here, the signal level can determine the top on January 29, after which the price will move to take the first target range of 0.7625 / 41.


The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.