USD/AUD (AUD=X) Consolidating
Overall, the bias in prices is: Downwards.
By the way, prices are vulnerable to a correction towards 0.77.
The projected upper bound is: 0.76.
The projected lower bound is: 0.74.
The projected closing price is: 0.75.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 2 white candles and 8 black candles for a net of 6 black candles. During the past 50 bars, there have been 22 white candles and 27 black candles for a net of 5 black 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).
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 13.5978. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 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 28.13. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 65 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 -106.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 11 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 7 period(s) ago.
Rex Takasugi – TD Profile
FOREX AUD= closed up 0.000 at 0.749. Volume was 96% below average (consolidating) and Bollinger Bands were 35% wider than normal.
Open High Low Close Volume___
0.749 0.749 0.748 0.749 3,390
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 0.76 0.77 0.78
Volatility: 7 10 9
Volume: 86,714 98,040 83,743
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.
FOREX AUD= is currently 4.0% below its 200-period moving average and is in an downward 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 bearish on AUD= and have had this outlook for the last 6 periods. Our momentum oscillator is currently indicating that AUD= is currently in an oversold condition.
Latest posts by HEFFX Australia (see all)
- Gold 1 OZ (XAU=X) Likely to Weaken if Fed is Dovish - September 15, 2019
- Australia: S&P/ASX 200 (.AXJO) shares are set to ease with a cautious start to the week - September 15, 2019
- British Pound: USD/GBP (GBP=X) to continue rising but risks a short-term correction - September 15, 2019