2013.11.22 | AUDUSD Market Analysis
AUDUSD Trends & Fibonacci Retracement Levels
The AUDUSD currency pair has been declining for the third straight day in forex market trading today with the AUDUSD registering a high of 0.92482 and a low of 0.91553 on the day. Trends data shows the pair has crossed into a short-term downtrend as prices are trading under our favored short-term linear moving average. Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels indicator, the pair continues to be in an uptrend although prices have deviated outside the second channel (2 standard deviations from center line). Downside targets include the 76.4% fibo level at 0.9061 and further down the line 100 % retracement level at 0.88468.
AUDUSD Trends Data: Linear Regression Indicator
10-day current trend is BEARISH / Trend strength of -126.9 pips
30-day current trend is BEARISH / Trend strength of -359.3 pips
60-day current trend is BULLISH / Trend strength of 242.2 pips
90-day current trend is BULLISH / Trend strength of 499.9 pips
180-day current trend is BEARISH / Trend strength of -1139.2 pips
Fibonacci Retracement Levels over last 100 Days
— 0.000 – 0.97568
— 0.236 – 0.95420
— 0.382 – 0.94092
— 0.500 – 0.93018
— 0.618 – 0.91944
— 0.764 – 0.90616
— 1.000 – 0.88468
By CountingPips.com – Forex Trading Apps & Currency Trade Tools
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.
