Technical analysis from Ozforex (OFX.AX, ASX:OFX.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Ozforex
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Bear power has increased for Ozforex  signalling bearish conditions are likely
Elder Ray Index /
Bear power has increased for Ozforex signalling bearish conditions are likely

[BEARISH]: Ozforex Elder Ray Index is signalling a Bearish movementERI is -0.053 indicating bear power. Prices are being driven below the consensus of value for OFX during the last trading session [Selling Pressure]

Positive VROC for OFX is a leading indicator for continued price rise
Volume Rate of Change /
Positive VROC for OFX is a leading indicator for continued price rise

OFX: VROC Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH CROSSOVER (3) 15 Jun: BEARISH

Moving Average Envelope /
Ozforex is still oversold with the Lower Envelope Band @$1.7005

[BULLISH]: Ozforex current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.7005.

Short Trend /
Recent trading indicates a continuation in downward direction OFX [Downtrend]

[BEARISH]: Ozforex is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

Demarks Pivot Points /
Ozforex has moved above the R1 DeMark pivot point ($1.7388) [Bullish]

Ozforex has broken the first DeMark resistance point ($1.7388) [Bullish]. Look for a long limit order entry near this point. Exit price for OFX should be set @$1.758 & Stoploss for Ozforex should be set at $1.713

Close Tod Vs Range Tod /
Ozforex closed in the upper part of daily range at 66.7%.

[BULLISH]: Ozforex buyers are in control at the market close. This is the first day of buyer commitment for Ozforex adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 100 trading days with the closing price in the upper part of the range giving a confirmation ratio of 38%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 33.3%. Currently this quarter, closing price has spent 27 days in the upper price range compared to 5 days in the lower range giving a ratio of 5.4x.

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Weighted Moving Average /
The WMA trend following signal is still current for Ozforex [Bearish]

[BEARISH]: Ozforex currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.8%.

Ozforex : Daily price range is $0.045 [Decreasing Range]
Price Range /
Ozforex : Daily price range is $0.045 [Decreasing Range]

[BEARISH]: Ozforex current downtrend in the first timeframe. Currently, the Range is $0.045.

Market conditions are indicating accumulation is current for OFX
Accumulation / Distribution /
Market conditions are indicating accumulation is current for OFX

[BULLISH]: Ozforex current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 1.15691e+007.

Close Tod Vs Close Yest /
Sellers continue to be keener than buyers for Ozforex & are driving the price down.

[BEARISH]: Ozforex sellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for OFX adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -5.0 & the greatest daily negative change this year has been -5.0. The longest consecutive downswing rally over the last 12 months has been 9 days giving a total rally downward movement of -15.6%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -5.6%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -1.400000%

Volume /
Ozforex : Daily volume is 894236 [Higher Volume]

OFX: VOLUME Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH

High Price /
Weaker price performance from OFX has seen a lower high of -2.3 % [Downtrend]

[BEARISH]: Ozforex current downtrend in the first timeframe. Currently, the HIGH is -2.3 %.

Woodie pivot point for OFX is bearish. Stoploss should be positioned @$1.791
Woodie Pivot Point /
Woodie pivot point for OFX is bearish. Stoploss should be positioned @$1.791

Ozforex has broken the first Woodie support point ($1.727) [Bearish]. Look for a short limit order entry near this point. Exit price for OFX should be set @$1.701 & short position stoploss for Ozforex should be set at $1.791

Ozforex : Current trading activity OBV signals distribution is present
On Balance Volume /
Ozforex : Current trading activity OBV signals distribution is present

[BEARISH]: Ozforex current price has highlighted recent distribution. Currently, the OBV is -588853.

Rate of Change /
Ozforex : Rate of Change (14)

[BEARISH]: Ozforex currently has negative rate of change of -3.846%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Daily Volume Index /
DVI: Accumulation still active for Ozforex

[BULLISH]: Ozforex current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 5779.

Sine Weighted Moving Average /
OFX: Price continues to move below the SWMA(5) @$1.773

[BEARISH]: Ozforex currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.8%.

Ozforex : 3rd timeframe trend Uptrend remains intact
Long Trend /
Ozforex : 3rd timeframe trend Uptrend remains intact

[BULLISH]: Ozforex is in an uptrend in the medium term timeframe.. The highest rally for the month is 12

Ozforex : Ulcer Index (3.517)
Ulcer Index /
Ozforex : Ulcer Index (3.517)

[BEARISH]: Ozforex UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.517.

Ozforex  Ease of Movement is -0.156 [Difficult to Move]
Ease of Movement /
Ozforex Ease of Movement is -0.156 [Difficult to Move]

OFX: EOM Current Signal -> (1) 19 Jun: BEARISH HARD (2) 18 Jun: BEARISH HARD (3) 15 Jun: BULLISH HARD

Detrended Price Oscillator /
Price is currently below the displaced moving average for OFX [Bearish]

[BEARISH]: Ozforex currently has a confirmed downtrend. Price is currently below the displaced moving average for OFX. Currently, the return on DPO20 is -0.8%.

Two Crows /
Ozforex : Two Crows

[BEARISH]: Ozforex has formed a new Two Crows reversal pattern.

Chaikin Money Flow /
CMF has a positive momentum of the acc/dist line

[BULLISH]: Ozforex current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.37. OFX received a confirmed CMF crossover days on the Feb 9 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.58 occurring on the Feb 9 2018.

Open Tod Vs Close Tod /
Ozforex opened in the upper part of daily range at 88.9% & closed in the middle part of the trading range at 66.7%. This suggests the sellers have lost commitment.

[BEARISH WEAK]: Ozforex opened in the upper part of daily range at 88.9% & closed in the middle part of the trading range at 66.7%. This suggests the sellers have lost commitment. Over the last 12 months there has been 39 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 14.8%. Over the last month there has been 4 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 33.3%.

Ozforex  has moved above the 161.8% extension level ($1.12) [Bearish]
Fibonacci Extensions /
Ozforex has moved above the 161.8% extension level ($1.12) [Bearish]

Ozforex : The current Fibonacci Extension levels are: (23.61%) $1.73: (38.2%) $1.76: (50%) $1.77: (61.8%) $1.79The current support levels are: (78.6%) $1.81: (100%) $1.85: (138.2%) $1.9: (161.8%) $1.93: (261.8%) $2.08: (423.61%) $2.31

Recent trading for Ozforex  has opened -2.2 % lower than previous session
Opening Price /
Recent trading for Ozforex has opened -2.2 % lower than previous session

[BEARISH]: Ozforex opening price has gapped down. Currently, the OPEN is $1.76 (-2.2 %).

Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(5) for OFX

[BEARISH]: Ozforex currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.8%.

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