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The AUDUSD:D1 forecast in our January 22, 2020 technical analysis is bearish.
- The Westpac Consumer Sentiment Index for Australia declined 1.8% month-over-month to 93.4 in January.
- AUDUSD: D1 has breached below the neck line of the "head-shoulders" chart pattern of technical analysis.
Here is what indicators show as of January 22, 2020:
- The Parabolic Indicator gives a bearish signal.
- TheBollinger Bands igives a bearish signal.
- The MACD indicator ggives a bearish signal.
- The RSI oscillator is falling but has not reached the oversold zone.
- The Fractals give a neutral signal.
- The MA(200) indicator gives a bearish signal.
So the bearish forecast still stands for the AUDUSD: D1.
Order | SELL |
Sell stop | Below 0.6835 |
Stop loss | Above 0.6942 |
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