VIT Daily Analysis
Review of Australian Dollar / US Dollar (AUDUSD)
as of 14/05/14
On 14/05/14, Australian Dollar / US Dollar closed up 0.0027 at 0.9391
Statistical [B] Change from[/B]
Volatility [B]Previous period[/B]
10-period 5.3981 0.12
21-period 6.4391 -0.61
39-period 7.8646 0.02
90-period 10.3592 -0.02
Bollinger Bands are 44.29% narrower than normal. Australian Dollar / US Dollar is currently experiencing very low volatility as compared to its normal range. The probability of volatility increasing with a sharp price move is likely in the near future.
The Stochastic Oscillator is 74.6804. This is not an overbought or oversold reading. The last signal was a sell 3 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 62.52.This is not a topping or bottoming area. The last signal was a sell 23 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is 106.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a sell 1 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 4 period(s) ago.
There were no Aroon signals generated today. The last signal was a Sell 52 period(s) ago.
There were no Directional Indicator signals generated today. The last signal was a Sell 85 period(s) ago.
MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 1 period(s) ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 6 period(s) ago.
The current market condition for Australian Dollar / US Dollar is: Very Bullish
The close is currently above its 200 period moving average.
The close is currently above its 90 period moving average.
The close is currently above its 30 period moving average.
Analysis of activity through 14/05/14
The current trend is up and all orders on the long side may be considered. Market activity analysis suggests that long trades put on outside of the +L+ focus zone have a lower probabilty of success than those placed in those zones highlighted on the expert ribbon. The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.
If already holding long positions, we would look to partial profits on any retracement to 0.9203. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 0.9203. Be prepared for a potential short term price fall back to the 0.9318 area.
Suggested standing placement of fail-safe stops…
If Long – exit all contracts at … 0.9203
If Short – exit all contracts at … 0.9397