Daily Market Analytics - Forex

[FXOpen Trader]

AUDUSD Technical Analysis – 26th AUG, 2024
AUDUSD – Bullish Price Crossover Pattern

AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6696 the prices started to correct upwards touching a high of 0.6797 in the European Trading session today.
We can see the formation of a Bullish price crossover with adaptative moving average 50 in the 30-minutes timeframe.
We have also seen Bullish price crossover with Moving Average 20 in the 1-hourly timeframe.
The Resistance of channel is broken in the daily timeframe.

We have also detected the presence of Moving Average bullish crossovers: AMA20 & AMA50.
Some of the technical indicators are also giving a Bearish to Neutral stance which indicates the presence of the consolidation wave in the markets.
AUDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bullish reversal above the 0.6696 mark.
• Short-term range appears to be Strong Bullish.
• AUDUSD continues to remain above the 0.6760 levels.
• Average true range ATR is indicating high market volatility.

The next resistance is located at 0.6798 which is a 1-Month High.
AUDUSD is now trading above its Pivot levels of 0.6776 and is moving into a Strong Bullish channel.
The price of AUDUSD remains above its Classic support levels of 0.6761 and is moving towards its next target of 0.6821 which is a 14 Day RSI at 70%.


Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

EURUSD Technical Analysis – 26th AUG, 2024
EURUSD – MACD crosses UP its Moving Average

EURUSD was unable to continue its bearish momentum and after touching a low of 1.1097 the prices started to rise upwards touching a high of 1.1201 in the European Trading session today.
The Parabolic SAR indicator is giving a bullish reversal signal in the 30-minutes timeframe.
We can see the formation of a Bullish price crossover with adaptative moving average 20 in the 2-hourly timeframe.

The Resistance of channel is broken in both the daily and weekly timeframes.
The MACD crosses UP its Moving Average in the 15-minutes timeframe.
Some of the technical indicators are also giving a bearish to neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
The prices of EURUSD are ranging near a new HIGH record of 1 month.

EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.1097 mark.
• Short-term range appears to be Strong Bullish.
• EURUSD continues to remain above the 1.1150 levels.
• Average true range ATR is indicating high market volatility.

The next resistance is located at 1.1201 which is a 1-Month High.
EURUSD is now trading above its Pivot levels of 1.1157 and is moving into a Strong Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.1151 and is moving towards its next target of 1.1224 which is a Price 1 Standard Deviation Resistance.


Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

GBPUSD Technical Analysis – 26th AUG, 2024
GBPUSD – Parabolic SAR Indicator Bullish Reversal

GBPUSD was unable to continue its bearish momentum and after touching a low of 1.3010 the prices started to rise upwards touching a high of 1.3229 in the European Trading session today.
We can see Parabolic SAR Indicator Bullish Reversal signal in the 30-minutes timeframe.
The Aroon indicator bullish trend is also visible in the 30-minutes timeframe.

We can see the formation of Bullish price crossover with adaptative moving average 20 in the 1-hourly timeframe.
We have also detected the Moving Average bullish crossovers: AMA20 & AMA50 in the 2-hourly timeframe.
Some of the technical indicators are also giving a Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
The Resistance of channel is broken in the weekly timeframe.

GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish reversal seen above the 1.3010 mark.
• Short-term range appears to be Strong Bullish.
• GBPUSD continues to remain above the 1.3175 levels.
• Average true range ATR is indicating high market volatility.

GBPUSD is now trading near to its Pivot levels of 1.3192 and is moving into a Strong Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.3181 and is now moving towards its next target of 1.3230 which is a 1-Month High.
We are also looking for the breach of the levels of 1.3268 which is a Pivot Point 1st Resistance Point.


Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

NZDUSD Technical Analysis – 26th AUG, 2024
NZDUSD – Bullish Engulfing Lines

NZDUSD was unable to continue its bearish momentum and after touching a low of 0.6128 the prices have started to rise upwards touching a high of 0.6235 in the European Trading session today.
We can see the formation of Bullish Engulfing Lines in the 4-hourly timeframe.
The Resistance of channel is broken in the daily timeframe.

We have seen Bullish trend reversal: adaptative moving average 100 in the weekly timeframe.
The prices of NZDUSD are ranging Near support of channel in the 1-hourly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.

NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bullish reversal seen above the 0.6128 mark.
• Short-term range appears to be Strong Bullish.
• NZDUSD continues to remain above the 0.6200 levels.
• Average true range ATR is indicating high market volatility.

The next resistance is located at 0.6236 which is a 14 Day RSI at 70%.
NZDUSD is now trading near to its Pivot levels of 0.6210 and is moving into a Strong Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.6195 and is now moving towards its next target of 0.6269 which is a Pivot Point 1st Resistance Point.


Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

AUDUSD Technical Analysis – 27th AUG, 2024
AUDUSD – MACD crosses UP its Moving Average

AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6761 the prices started to correct upwards touching a high of 0.6790 in the European Trading session today.
The MACD crosses UP its Moving Average in the 30-minutes timeframe.
The Ichimoku: price is over the cloud in the 30-minutes timeframe.

The Resistance of channel is broken in the 1-hourly timeframe.
The price of AUDUSD is back over the pivot point in the 4-hourly timeframe.
We can also see the formation of a Bullish trend reversal: adaptative moving average 100 in the weekly timeframe.

AUDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bullish reversal above the 0.6761 mark.
• Short-term range appears to be Bullish.
• AUDUSD continues to remain above the 0.6780 levels.
• Average true range ATR is indicating less market volatility.

The next resistance is located at 0.6798 which is a 1-Month High.
AUDUSD is now trading near to its Pivot levels of 0.6782 and is moving into a Bullish channel.
The price of AUDUSD remains above its Classic support levels of 0.6774 and is moving towards its next target of 0.6808 which is a Price 1 Standard Deviation Resistance.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

EURUSD Technical Analysis – 27th AUG, 2024
EURUSD – Bullish Trend Reversal Pattern

EURUSD was unable to continue its bearish momentum and after touching a low of 1.1158 the prices started to rise upwards touching a high of 1.1178 in the European Trading session today.
We can see Bullish trend reversal: adaptative moving average 50 in the 15-minutes timeframe.
The Momentum indicator is back over zero in the 2-hourly timeframe.

The Resistance of channel is broken in both the weekly and monthly timeframes.
The prices of EURUSD are ranging Near support of channel in the 15-minutes timeframe.
Some of the technical indicators are also giving a bearish to neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.

The prices of EURUSD are ranging near a new HIGH record of 1 year in the weekly timeframe.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.1158 mark.
• Short-term range appears to be Bullish.
• EURUSD continues to remain above the 1.1150 levels.
• Average true range ATR is indicating less market volatility.

The next resistance is located at 1.1176 which is a 14 Day RSI at 70%.
EURUSD is now trading near to its Pivot levels of 1.1166 and is moving into a Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.1154 and is moving towards its next target of 1.1190 which is a Price 1 Standard Deviation Resistance.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

GBPUSD Technical Analysis – 27th AUG, 2024
GBPUSD – Resistance of Channel is Broken

GBPUSD was unable to continue its bearish momentum and after touching a low of 1.3179 the prices started to rise upwards touching a high of 1.3246 in the European Trading session today.
The Resistance of channel is broken in the 1-hourly timeframe.
We can see the formation of Three white soldiers pattern in the weekly timeframe.
The Resistance of channel is broken in the monthly timeframe.

Some of the technical indicators are also giving a Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
The prices of GBPUSD are ranging Near support of channel in the 15-minutes timeframe.
GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.

• Pound Bullish reversal seen above the 1.3179 mark.
• Short-term range appears to be Bullish.
• GBPUSD continues to remain above the 1.3200 levels.
• Average true range ATR is indicating high market volatility.

GBPUSD is now trading near to its Pivot levels of 1.3220 and is moving into a Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.3207 and is now moving towards its next target of 1.3212 which is a Pivot Point 1st Resistance Point.
We are also looking for the breach of the levels of 1.3238 which is a Pivot Point 2nd Level Resistance.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

NZDUSD Technical Analysis – 27th AUG, 2024
NZDUSD – Resistance of Channel is Broken

NZDUSD was unable to continue its bearish momentum and after touching a low of 0.6194 the prices have started to rise upwards touching a high of 0.6233 in the European Trading session today.
The Resistance of channel is broken in both the 15-minutes and 1-hourly timeframes.
We can see the formation of Moving Average bullish crossovers: MA20 & MA50 in the daily timeframe.

We have seen Bullish trend reversal: adaptative moving average 50 in the weekly timeframe.
The MACD indicator is back over zero in the weekly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.

NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bullish reversal seen above the 0.6194 mark.
• Short-term range appears to be Bullish.
• NZDUSD continues to remain above the 0.6220 levels.
• Average true range ATR is indicating less market volatility.

The next resistance is located at 0.6236 which is a 1-Month High.
NZDUSD is now trading near to its Pivot levels of 0.6230 and is moving into a Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.6215 and is now moving towards its next target of 0.6246 which is a Pivot Point 2nd Level Resistance.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

AUDUSD Technical Analysis – 28th AUG, 2024
AUDUSD – Bearish Trend Reversal Pattern

AUDUSD was unable to sustain its bullish momentum and after touching a high of 0.6812 the prices started to decline sharply against the United States Dollar in the European Trading session today.
We can see the formation of Bearish trend reversal: adaptative moving average 20 in the 2-hourly timeframe.
The Parabolic SAR indicator bearish reversal is seen in the 4-hourly timeframe.

The Support of triangle is broken in the daily timeframe.
The Horizontal support is broken in the daily timeframe.
The price of AUDUSD is back under the pivot point in the daily timeframe.

We can also see the formation of a Bearish Harami pattern in the weekly timeframe.
AUDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6812 mark.
• Short-term range appears to be Mild Bearish.
• AUDUSD continues to remain above the 0.6770 levels.
• Average true range ATR is indicating high market volatility.

The next support is located at 0.6771 which is a Pivot Point 1st Support Point.
AUDUSD is now trading near to its Pivot levels of 0.6775 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.67604 and is moving towards its next target of 0.6756 which is a Price 1 Standard Deviation Support.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

EURUSD Technical Analysis – 28th AUG, 2024
EURUSD – Bearish Price Crossover Pattern

EURUSD was unable to continue its bullish momentum and after touching a high of 1.1189 the prices started to decline sharply against the United States dollar in the European Trading session.
We can see Bearish price crossover with Moving Average 100 in the 2-hourly timeframe.
The SuperTrend indicator bearish reversal is seen in the 4-hourly timeframe.
We have also detected the formation of Ichimoku - Bearish crossover: Tenkan & Kijun in the 4-hourly timeframe.

We can see Moving Average bullish crossovers: AMA50 & AMA100 in the 2-hourly timeframe.
Some of the technical indicators are also giving a bearish to neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
The prices of EURUSD are ranging near horizontal resistance in the weekly timeframe.

EURUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.1189 mark.
• Short-term range appears to be Mild Bearish.
• EURUSD continues to remain above the 1.1130 levels.
• Average true range ATR is indicating high market volatility.

The next support is located at 1.1131 which is a Price 2 Standard Deviations Support.
EURUSD is now trading above its Pivot levels of 1.1114 and is moving into a Mild Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.1094 and is moving towards its next target of 1.1119 which is a Price 3 Standard Deviations Support.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog