VIT Daily Analysis
Review of Australian Dollar / US Dollar (AUDUSD)
as of 07/05/14
Volatility Analysis
On 07/05/14, Australian Dollar / US Dollar closed down -0.0010 at 0.9341
Statistical Change from
Volatility Previous period
10-period 5.0477 -2.26
21-period 8.1120 -0.80
39-period 8.7657 -0.02
90-period 10.4311 -0.01
Bollinger Bands are 29.78% narrower than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 84.0045. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a buy 5 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 58.10.This is not a topping or bottoming area. The last signal was a sell 18 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is 95. This is not a topping or bottoming area.The last signal was a buy 5 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 14 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Sell 47 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 80 period(s) ago.
MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 41 period(s) Ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 1 period(s) ago.
Summary
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 07/05/14
The current trend is up and all orders on the long side may be considered. 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 0.9283 area.
Suggested standing placement of fail-safe stops…
If Long – exit all contracts at … 0.9203
If Short – exit all contracts at … 0.9390