AUD/USD, Fri Jan/02/2015, MACD Analysis: Bearish-Trend Confirmed, 0.00% Drop in The Last Update

Figure-1 AUD/USD MACD (TF:D1, Fri Jan/02/2015 00:00:00)

Outlined in this page, an MACD (moving average convergence/divergence) analysis for AUD/USD is generated for daily close at Fri Jan/02/2015 00:00:00. The indicator chart is presented in the Figure 1, showing the candlestick chart on the top, the MACD indicator bar and line in the middle, and the MACD-Signal difference bar in the bottom. The indicator computation and presentation method uses MetaTrader version of MACD [1], and an MACD-Signal difference is shown to complete the analysis with the price acceleration/decceleration data (as shown by MACD histogram in other version [2]).

Trend Direction Indentification by MACD Polarity: A negative sign of MACD bar is recorded by the indicator, and it shows an indication of a down-trend. The yesterday closing (Thu, Jan 01) shows 0.00% (0.00 pips) fall in price from 0.81745 to 0.81745, this could be an indication that the bearish-trend will continue its path. With the last historical MACD cross is trigered 83 trading days ago on 09/08/2014 and followed by the signal cross produced 107 trading days ago on 08/05/2014, neglecting the average price acceleration/decceleration, the bearish-trend is projected to keep its slope.

Price Acceleration Detection with MACD-Signal Diference: The MACD histogram analysis is meaningful if the MACD-Signal crossover is chosen as the trade signal. The price movement acceleration has never change its direction for 5 trading days since its cross on 12/25/2014, and the buy floating position should be hold until the next flip. The trend represented by the MACD level is currently bearish while the acceleration show the reverse direction. A persistent view of this method would mean that the down-movement will deccelerate and an early trend reversal prediction is decided.

REFERENCES

  1. MACD Technical Analysis, Technical analysis with MetaTrader version of MACD
  2. MACD Wikipedia, Various implementation of moving average convergence/divergence analysis

Presented Analysis
Data time: 2015-01-02 00:00:00
Optimization data:
Created time: 2018-02-21 12:55:06
Realtime: no
Private publish time: 2018-02-21 12:55:29
Analysis Model Summary
First created: 2018-02-21 12:55:06
First data: 2015-01-02 00:00:00
Historical data since: 2018-02-21 12:55:06
Realtime data since: 2018-02-26 00:00:00
Latest data: 2018-03-23 00:00:00