Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) HEFFX Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) HEFFX Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) HEFFX Trading Outlook

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 0.74.

The projected upper bound is: 0.74.

The projected lower bound is: 0.72.

The projected closing price is: 0.73.

FOREX AUD= closed up 0.002 at 0.731. Volume was 96% below average (consolidating) and Bollinger Bands were 14% wider than normal.

Open    High   Low       Close    Volume
0.729   0.731   0.728    0.731    4,266

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period    50-period    200-period
Close:                       0.72             0.74              0.75
Volatility:                9                   11                  13
Volume:                  72,115           113,607       98,675

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary Australian
FOREX AUD= is currently 2.5% below its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect volume flowing into and out of AUD= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on AUD= and have had this outlook for the last 0 periods.

Australia, Australian, Dollar, AUD, HEFFX, Trading, Outlook, Shayne Heffernan

HEFFX Momenutm Australian
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 77.1777. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.

Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 50.07. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 7 period(s) ago.

Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 116.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 10 period(s) ago.

MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 4 period(s) ago.

Featured by Thomas Depenbusch

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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