AUDUSD price forecast, quote, news & analysis
AUDUSD's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for AUDUSD turned positive on December 16, 2024. Looking at past instances where AUDUSD's MACD turned positive, the stock continued to rise in of 101 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where AUDUSD'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 shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Momentum Indicator moved above the 0 level on December 17, 2024. You may want to consider a long position or call options on AUDUSD as a result. In of 130 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
AUDUSD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.