Monday, 1 June 2015

AUD/USD The Bear Defeat The Bull


AUD/USD is going bull, the graph above shows a pure depreciating of the AUD currency, the next couple of minute, give it a little 30-40 minute it will rise 0.7800 and then fall back and continue to witness a bull grip. a look at the technical analysis below gives a clear view.
RSI(14)34.884Sell
STOCH(9,6)42.145Sell
STOCHRSI(14)100.000Overbought
MACD(12,26)-0.004Sell
ADX(14)39.784Neutral
Williams %R-56.000Sell
CCI(14)-60.9205Sell
ATR(14)0.0028Less Volatility
Highs/Lows(14)0.0000Neutral
Ultimate Oscillator46.463Sell
ROC-0.092Sell
Bull/Bear Power(13)-0.0033Sell
 we however expect the RMA to cut down rate in the future, futhermore there would be plenty of opportunity when the AUD dollar falls around the third-fourth quarter, however the FED is not clear on its action, The USD as however gain a massive overpowering since Febuary.