AUDUSD - Large monthly falls offer no predictive quality. We note that the AUDUSD is down more than -5% for the month of September
AUDUSD - Large monthly falls offer no predictive quality. We note that the AUDUSD is down more than -5% for the month of September. For many casual observers a fall of this magnitude may offer some predictive quality. However, running a test of all monthly falls of more than -5% reveals that the forward outlook for the AUDUSD is consistent with random. Since December 1983, 3-months post a monthly decline of more than -5% the AUDUSD was up on average by 0.73% with a win rate of 62%.
Probabilitytrader is an independent financial research group that provides objective analysis for traders of Global Stock Market Index CFDs, ETFs, Futures, and Options. Our forward looking analysis covers timeframes as short as 1-day to as long as...
No areas of expertise