AUD/USD fluctuates around 55- and 100-hour SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 35% 33% 5.71%
Shorts 65% 67% -3.08%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Sell
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The possible movement of the AUD/USD projected on Friday has been confirmed. Basically, the currency pair moved along the parabola, breaking though the 55- and 100-hour SMAs first upwards, then downwards and, thus, repeating the motion on 5 and 6 July. Therefore, there are two assumptions that can be derived from the decreasing range of motion of the pair. Either it has entered into a new descending triangle with slightly shifted upper trend-line, or it has entered in a more neutral symmetrical triangle. In the first case, a breakout towards to the weekly S1 at 0.7553 is expected to happen. In the second case, the pair might equally surge to the unattainable weekly PP at 0.7624, or fall to the above weekly S1. Therefore, it is recommendable to watch this pair a little bit longer to have more ideas about the direction it tries follow.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.