USDAUD United States Dollar - Australian Dollar Forecast, Technical & Fundamental Analysis

USDAUD's Indicator enters downward trend

The Aroon Indicator for USDAUD entered a downward trend on December 05, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 242 similar instances where the Aroon Indicator formed such a pattern. In of the 242 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on USDAUD as a result. In of 121 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where USDAUD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where USDAUD's RSI Oscillator exited the oversold zone, of 28 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 77 cases where USDAUD'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 .

The Moving Average Convergence Divergence (MACD) for USDAUD just turned positive on December 04, 2023. Looking at past instances where USDAUD's MACD turned positive, the stock continued to rise in of 95 cases over the following month. 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 USDAUD advanced for three days, in of 275 cases, the price rose further within the following month. The odds of a continued upward trend are .

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