AUDUSD 2024.10.16 05:15:08 Trading Signal SELL
FrankPro Signal for AUDUSD
Type: Screen
Signal: SELL
TP: 0.665895
SL: 0.6696
Entry Price: 0.66903
Flexity Analysis for AUDUSD
Forecast Overall(Short-Term, Long-Term): ST=Strong Down LT=Probably Down
Forecast Methods(Short-Term, Long-Term):
[Method0] ST=Down LT=Down
[Method1] ST=Down LT=Up
[Method2] ST=Down LT=Down
FlexityIndicator Analysis Method(0)
AUD/USD Pair Expectations
Short-term (next few days)
Key Points Expectations
Resistance Area Test near 0.6775 before potentially continuing its fall below 0.6605
Moving Averages Indicate a short-term bullish trend, but broken through the bullish channel, indicating seller pressure
FX Option Expiries Levels at 0.6675, 0.6730, 0.6775, and 0.6800 may influence market sentiment and price movements
Expected short-term movement: Down
Long-term (next few weeks/months)
Overall Outlook: Cautious due to global economic uncertainties, including the situation in the Middle East and China's economic challenges
RBA Interest Rates: Expected to remain unchanged at 4.35%, which could influence the AUD/USD pair
Long-term Trend: Uncertain, but a strong growth and breakout above 0.6865 would suggest continued growth towards 0.7215
Expected long-term movement: Neutral (with a slight bearish bias due to global economic uncertainties)
Please note that these expectations are based on the provided analysis and are subject to change as new data and events become available.
Result: [Method0] ST=Down LT=Down
FlexityIndicator Analysis Method(1)
AUD/USD Price Movement Forecast
Short-term Outlook (Next Few Days/Week)
The price is expected to go down. Here are the key points to consider:
The technical analysis indicates a potential continuation of the fall.
A test of the resistance area near 0.6775 is expected, followed by a downward price rebound to the area below 0.6605.
The pair has faced renewed selling pressure, testing the 0.6700 support level.
A retest of the October low of 0.6699 and the September low of 0.6622 is possible.
Long-term Outlook (Month of October 2024)
The price is expected to go up slightly. Here are the key points to consider:
Forecast Metric Value
Starting Rate (Oct 1) 0.644
Ending Rate (Oct 31) 0.662
Average Rate 0.656
Monthly Increase 2.8%
Overall Outlook
The short-term outlook is bearish, while the long-term outlook is slightly bullish. However, please note that market conditions and forecasts can change rapidly, and these conclusions are based on the provided analysis and data as of October 15, 2024.
Result: [Method1] ST=Down LT=Up
FlexityIndicator Analysis Method(2)
**AUD/USD Price Movement Analysis** **Short-term (next few days to a week)**
Expected Price Movement The price is expected to go down.
Reasons
Lack of clear fiscal stimulus details from China affecting the Australian economy.
Bearish breakdown below the 50 level on the RSI momentum indicator.
Pair has broken through the signal lines downwards, indicating pressure from sellers.
Key Levels
Potential test of the resistance area near 0.6775.
Downward rebound expected, with price potentially falling to below 0.6605.
**Long-term (next few weeks to months)**
Expected Price Movement The price is expected to stay the same or go down.
Reasons
Deflationary risk in China's economy affecting demand for Australian exports.
Lack of specific details on new fiscal stimulus measures.
Broader market sentiment remains cautious due to growing conflicts in the Middle East and rising oil prices.
Key Levels
Failure to hold at 0.6700 could expose the next support at 0.6600.
Potential deeper correction towards 0.6360 if the 0.6600 level is breached.
200-day moving average near 0.6600 may provide some support, with price potentially stabilizing or bouncing back from this level.
**Overall Assessment** The AUD/USD pair is under pressure, and the price is expected to go down in the short term. In the long term, the price may stay the same or go down, depending on the development of the economic situation in China and the broader market sentiment.
Result: [Method2] ST=Down LT=Down
Type: Screen
Signal: SELL
TP: 0.665895
SL: 0.6696
Entry Price: 0.66903
Flexity Analysis for AUDUSD
Forecast Overall(Short-Term, Long-Term): ST=Strong Down LT=Probably Down
Forecast Methods(Short-Term, Long-Term):
[Method0] ST=Down LT=Down
[Method1] ST=Down LT=Up
[Method2] ST=Down LT=Down
FlexityIndicator Analysis Method(0)
AUD/USD Pair Expectations
Short-term (next few days)
Key Points Expectations
Resistance Area Test near 0.6775 before potentially continuing its fall below 0.6605
Moving Averages Indicate a short-term bullish trend, but broken through the bullish channel, indicating seller pressure
FX Option Expiries Levels at 0.6675, 0.6730, 0.6775, and 0.6800 may influence market sentiment and price movements
Expected short-term movement: Down
Long-term (next few weeks/months)
Overall Outlook: Cautious due to global economic uncertainties, including the situation in the Middle East and China's economic challenges
RBA Interest Rates: Expected to remain unchanged at 4.35%, which could influence the AUD/USD pair
Long-term Trend: Uncertain, but a strong growth and breakout above 0.6865 would suggest continued growth towards 0.7215
Expected long-term movement: Neutral (with a slight bearish bias due to global economic uncertainties)
Please note that these expectations are based on the provided analysis and are subject to change as new data and events become available.
Result: [Method0] ST=Down LT=Down
FlexityIndicator Analysis Method(1)
AUD/USD Price Movement Forecast
Short-term Outlook (Next Few Days/Week)
The price is expected to go down. Here are the key points to consider:
The technical analysis indicates a potential continuation of the fall.
A test of the resistance area near 0.6775 is expected, followed by a downward price rebound to the area below 0.6605.
The pair has faced renewed selling pressure, testing the 0.6700 support level.
A retest of the October low of 0.6699 and the September low of 0.6622 is possible.
Long-term Outlook (Month of October 2024)
The price is expected to go up slightly. Here are the key points to consider:
Forecast Metric Value
Starting Rate (Oct 1) 0.644
Ending Rate (Oct 31) 0.662
Average Rate 0.656
Monthly Increase 2.8%
Overall Outlook
The short-term outlook is bearish, while the long-term outlook is slightly bullish. However, please note that market conditions and forecasts can change rapidly, and these conclusions are based on the provided analysis and data as of October 15, 2024.
Result: [Method1] ST=Down LT=Up
FlexityIndicator Analysis Method(2)
**AUD/USD Price Movement Analysis** **Short-term (next few days to a week)**
Expected Price Movement The price is expected to go down.
Reasons
Lack of clear fiscal stimulus details from China affecting the Australian economy.
Bearish breakdown below the 50 level on the RSI momentum indicator.
Pair has broken through the signal lines downwards, indicating pressure from sellers.
Key Levels
Potential test of the resistance area near 0.6775.
Downward rebound expected, with price potentially falling to below 0.6605.
**Long-term (next few weeks to months)**
Expected Price Movement The price is expected to stay the same or go down.
Reasons
Deflationary risk in China's economy affecting demand for Australian exports.
Lack of specific details on new fiscal stimulus measures.
Broader market sentiment remains cautious due to growing conflicts in the Middle East and rising oil prices.
Key Levels
Failure to hold at 0.6700 could expose the next support at 0.6600.
Potential deeper correction towards 0.6360 if the 0.6600 level is breached.
200-day moving average near 0.6600 may provide some support, with price potentially stabilizing or bouncing back from this level.
**Overall Assessment** The AUD/USD pair is under pressure, and the price is expected to go down in the short term. In the long term, the price may stay the same or go down, depending on the development of the economic situation in China and the broader market sentiment.
Result: [Method2] ST=Down LT=Down
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