For Traders

Analytical Reviews

Technical analysis

15.01.202104:39 Forex Analysis & Reviews: Forecast for AUD/USD on January 15, 2021

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

AUD/USD

The growth of the Australian Dollar yesterday was blocked by the black candle of the previous day (Wednesday). At the moment, the price is above the target level of 0.7770, which creates the risk of moving to the target level of 0.7905 (the minimum of August 2008) and this growth fits perfectly into the structure of the development of the Marlin Oscillator. With this, a reversal divergence will be created while fixing the price under 0.7770 will show the intention of the price to move to 0.7641 and 0.7465. The final outcome will only be seen on Monday.

On the four-hour scale chart, the price developed above the balance and Kruzenshtern indicator lines. Fixing the price below 0.7770 will also mean fixing under these indicator lines. In this case, the Marlin will move in the zone of negative values which will create a condition for the beginning of a short-term downward movement.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.