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

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

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

HEFFX Notes Australian Dollar

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 0.76.

The projected lower bound is: 0.74.

The projected closing price is: 0.75.

FOREX AUD= closed up 0.002 at 0.751. Volume was 92% below average (consolidating) and Bollinger Bands were 21% narrower than normal.

Open       High       Low          Close     Volume
0.748      0.751       0.747       0.751      6,774

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

Moving Averages: 10-period 50-period 200-period
Close:                      0.76           0.76           0.74
Volatility:               15               11                15
Volume:                 90,464      86,972       87,258

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 Dollar
FOREX AUD= is currently 1.4% above its 200-period moving average and is in an downward 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 bearish on AUD= and have had this outlook for the last 4 periods.

HEFFX Momentum Australian Dollar
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 40.5919. This is not an overbought or oversold reading. The last signal was a buy 1 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 44.31. 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 sell 131 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 -69. This is not a topping or bottoming area. The last signal was a buy 2 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 sell 4 period(s) ago.

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