What are the most reliable indicators to use when analyzing AUD/USD on tradingview for cryptocurrency trading?
Mustafa KhaledMay 08, 2022 · 3 years ago1 answers
I'm looking for the best indicators to use when analyzing the AUD/USD pair on tradingview for cryptocurrency trading. Which indicators are considered the most reliable and effective in predicting the price movements of AUD/USD? I want to make informed trading decisions based on accurate technical analysis. Can you recommend any specific indicators that have proven to be successful in the past?
1 answers
- May 08, 2022 · 3 years agoAs an expert at BYDFi, I can confidently recommend using the Volume Weighted Average Price (VWAP) indicator when analyzing the AUD/USD pair on tradingview for cryptocurrency trading. The VWAP takes into account both price and volume, providing a more accurate representation of the market sentiment. It can help identify key price levels and potential areas of support or resistance. Additionally, combining the VWAP with other indicators like the MACD or RSI can further enhance your analysis. Remember to always backtest your strategies and adjust your indicators based on market conditions.
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