20.7 C
New York
Friday, May 14, 2021
spot_img

Australian Dollar: AUD/USD (AUD=X) HEFFX Technical Analysis

Australian Dollar: AUD/USD (AUD=X) HEFFX Forecast and Charts

By HEFFX Australia on September 7, 2020FacebookTwitterLinkedInEmailMore1Australian Dollar: AUD/USD (AUD=X) HEFFX Forecast and Charts

$AUD #Australian #Dollar #USD #FX #Currencies #Trading #Markets

Australian Dollar
Ticker: AUD=
Price: 0.7216

Australian Dollar Outlook

The Australian Dollar US Dollar (AUD/USD) exchange rate traded lower on Tuesday.

The risk sensitive Australian Dollar was out of favour and the safe haven US Dollar found support from Trump’s latest comments on China.

President Trump said he wanted to “decouple” from China, ending economic ties with the world’s second largest economy. His comments threw into doubt the Phase 1 trade war, with investors questioning whether another trade war could be on the cards if Trump wins the election.

Australian domestic data was disappointing, with payrolls declining -0.4%, and Victoria seeing a 2% decline.

AUD/US Dollar Exchange Rate

Today’s Forex Rates

AUD/US Dollar FX Polls

Economic Events

Technical Indicators

Overall, the bias in prices is: Upwards.

The projected upper bound is: 0.73.

The projected lower bound is: 0.71.

The projected closing price is: 0.72.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 31 white candles and 19 black candles for a net of 12 white candles.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

An on-neck line occurred. This is a bearish pattern where prices should move lower when the white candlestick’s (i.e., the most recent) low is penetrated.

A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

Momentum Indicators

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 17.0875. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 5 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 49.95. 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 5 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 -63. This is not a topping or bottoming area. The last signal was a sell 5 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 2 period(s) ago.

Rex Takasugi – TD Profile

FOREX AUD= closed up 0.000 at 0.722. Volume was 76% below average (consolidating) and Bollinger Bands were 10% narrower than normal.

Open     High     Low     Close      Volume
0.721    0.722    0.719   0.722      21,277
Technical Outlook
Short Term:        Oversold
Intermediate Term: Bullish
Long Term:         Bullish
Moving Averages: 10-period     50-period      200-period
Close:           0.73          0.71           0.68
Volatility:      12            10             15
Volume:          76,107        81,315         81,195

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

FOREX AUD= is currently 6.9% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods.

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 35 periods.

HEFFXhttp://www.heffx.com
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

Related Articles

Stay Connected

15,334FansLike
43,300FollowersFollow
2,855SubscribersSubscribe
- Advertisement -spot_img

Latest Articles