AUDUSD - Large monthly falls offer no predictive quality. We note that the AUDUSD is down more than -5% for the month of September

Probability Trader

www.probabilitytrader.com

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%.


Probability Trader
Probability Trader
Quantitative Research Analyst
www.probabilitytrader.com

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...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.