UNIUSD, the crypto CFD, last traded at 7.429 for a gain of 3.3% on the session.

Trend and momentum

The sample runs to 88 daily bars, over which the trend model returns an “insufficient history for a long-term trend read,” confining the structural read to the 20- and 50-day averages. At 7.429 the last price sits 10.73% below its 20-day simple moving average of 8.3222 and 0.74% below its 50-day average of 7.4844 β€” effectively level with the slower line but a clear distance under the faster one. The 20-day average sitting above the 50-day means the shorter mean still reflects the higher prices recorded earlier in the window, which price has since slipped beneath on both counts.

Momentum is middling: the 14-day RSI reads 45.3, inside the neutral 30-70 band and just under the 50 midline rather than near either extreme β€” a sub-50 reading in keeping with price trading below both its 20- and 50-day averages. Volatility is the more striking figure: the 14-day average true range is 0.6966, equal to 9.38% of the last price, so a typical daily range spans close to a tenth of the instrument’s value. Set against that, today’s 3.3% advance is contained comfortably within a single average day’s range.

Price within range

Over the past 20 sessions price has travelled between a swing low of 6.7365 and a swing high of 10.1865, and the current 7.429 sits in the lower half of that band. Among the marked swing levels, the 20-day low at 6.7365 is the nearest below the last price and the 20-day high at 10.1865 the nearest above. Stretching the window to 60 sessions pulls the extremes much wider, with the swing low falling to 3.2275 and the swing high climbing to 10.931. The recent 20-day range therefore sits entirely within the upper portion of the broader 60-day range, its floor more than double the two-month trough of 3.2275, leaving price well clear of the 60-day low while still beneath both swing highs.

Over the trailing month UNIUSD is up 10.8%, against a 1.53% gain across the past week, so the bulk of the month’s advance was set before the latest week, with the session, weekly and monthly changes all positive.

Descriptive technical summary generated by the ForexBullion Research Team from our own price feed. Not investment advice.