AUDNZD Australian Dollar - New Zealand Dollar Forecast, Technical & Fundamental Analysis

AUDNZD in -1.04% downward trend, declining for three consecutive days on November 30, 2023

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where AUDNZD declined for three days, in of 281 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 26, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on AUDNZD as a result. In of 107 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for AUDNZD turned negative on November 24, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 91 similar instances when the indicator turned negative. In of the 91 cases the stock turned lower in the days that followed. This puts the odds of success at .

The Aroon Indicator for AUDNZD entered a downward trend on December 08, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where AUDNZD's RSI Oscillator exited the oversold zone, of 38 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 60 cases where AUDNZD's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AUDNZD advanced for three days, in of 273 cases, the price rose further within the following month. The odds of a continued upward trend are .

AUDNZD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.