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Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an 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.

Forecast for AUD/USD on January 17, 2025
20:46 2025-01-16 UTC--6
Exchange Rates analysis

The Australian dollar tested the upper boundary of the descending price channel on the daily chart yesterday and then retreated downward.

The failure to break above the channel reinforces the previously established target of 0.6010, which corresponds to the channel's lower boundary. Additionally, the signal line of the Marlin oscillator is starting to turn downward from the neutral line, where it has been consolidating for the past two days.

analytics6789c2eae857c.jpg

On the four-hour chart, the price is approaching the support of the MACD line, which may intersect at the 0.6195 level, aligning with yesterday's low. If the price breaks below this level, it would open a path toward the designated target.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.