FX.co ★ EUR/USD

Chart Overview The chart shows the AUDUSD currency pair on a 1-hour (H1) timeframe. The market is closed, indicating that the analysis is based on historical data up to the last closed candle. The chart displays candlestick patterns along with several moving averages (blue, red, and green lines) and a Relative Strength Index (RSI) indicator at the bottom. Price Action Analysis Looking at the price action: The chart shows a mix of bullish and bearish movements over the past couple of days (23rd and 24th October). There's a visible uptrend from the start of the period shown on 23rd October, followed by a consolidation and slight downward movement. The price seems to be hovering around a key level near 0.65100, with resistance potentially forming around 0.65152 (red horizontal line) and support around 0.65122 (green horizontal line). Moving Averages The moving averages on the chart provide insights into trend direction and potential support/resistance levels: The blue line (likely a longer-period MA) is below the price action and the other MAs, suggesting a longer-term trend might be upward but is being tested. The red and green lines (shorter-period MAs) are closer to the price action and have been crossed by the price several times, indicating periods of consolidation or lack of strong direction. RSI (Relative Strength Index) Analysis The RSI(14) is at 54.91: This value is close to the midpoint (50), suggesting the market is neither overly bullish nor bearish at the moment. The RSI hasn't entered overbought (>70) or oversold (