Forex Signals: AUD/CAD, NZD/USD

A pair of new Parabolic SAR bull signals in forex trading: AUD/CAD and NZD/USD.

The AUD/CAD pair moved up sharply today. The psar signal was paired with a bull signal from Person's Proprietary Signal.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
AUD/CAD C$0.9363

However, this is a weakly trending currency pair, with an adx of only 16. So I would expect either whipsaws or a "bull" trend that carried prices sideways rather than up.

The Australian dollar's rise came after the release of employment data that seemed to bode well for the Australian economy.

AUD/CAD You are here:

• Reversal
• C$0.9476, +1.2%
• C$0.9416, +0.6%
• C$0.9389, +0.3%
• Now C$0.9363
• Reversal
• C$0.9263, -1.1%
• C$0.9205, -1.7%

The NZD/USD currency pair's new psar bull signal also came on a sharp rise in price. The pps also moved into bull phase.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
NZD/USD US$0.7164

The trend with the NZD/USD pair is even weaker than with the AUD/CAD. The adx here is a mere 11.

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I consider a strong trend to be an adx of 30 or above (with the trade in the direction of the trend), and anything from 20 to 29 to be marginal.

NZD/USD You are here:

• Reversal
• US$0.7442, +3.9%
• US$0.7178, +0.2%
• Now US$0.7164
• Reversal
• US$0.6963, -2.8%

The price move came after the New Zealand government announced a smaller than expected deficit.

This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.

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