Daily Market Analytics - Forex

[FXOpen Trader]

GBPUSD Technical Analysis – 01st OCT, 2024
GBPUSD – Support of Channel Is Broken

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.3414 the prices started to decline against the United States Dollar today in the US Trading session.
We can see that the Support of channel is broken in the 1-hourly timeframe.
We have seen Moving Average bearish crossovers: AMA20 & AMA50 in the 1-hourly timeframe.
The Bearish trend reversal: Moving Average 20 is visible in the 4-hourly timeframe.

We can see the Bearish trend reversal: adaptative moving average 50 in the 4-hourly timeframe.
The MACD indicator is back under zero in the 4-hourly timeframe.
We can see Ichimoku - Bearish crossover: Tenkan & Kijun in the 4-hourly timeframe.
The RSI indicator: bearish divergence is visible in the weekly timeframe.
We have also detected the CCI indicator: bearish divergence in the weekly timeframe.

Now we can see the formation of Bearish engulfing lines in the weekly timeframe. The Resistance of channel is broken in the monthly timeframe.
GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.3414 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.3310 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading below its Pivot levels of 1.3329 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.3303 and is now moving towards its next target of 1.3310 which is a Pivot Point 2nd Support Point.
We are also looking for the breach of the levels of 1.3304 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

 

[FXOpen Trader]

NZDUSD Technical Analysis – 01st OCT, 2024
NZDUSD – Support of Channel Is Broken

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6375 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of channel is broken in the 1-hourly timeframe.
The Ichimoku: price is under the cloud in the 1-hourly timeframe.
We can see Ichimoku - Bearish crossover: Tenkan & Kijun in the 1-hourly timeframe.

The Bearish price crossover with Moving Average 50 is visible in the 2-hourly timeframe.
We can detect Bearish price crossover with adaptative moving average 100 in the 2-hourly timeframe.
The Horizontal support is broken in the daily timeframe.
The prices of NZDUSD are ranging Near horizontal resistance in the weekly timeframe. The Resistance of channel is broken in the weekly timeframe.
We have also detected the formation of Bearish Harami in the weekly timeframe.

NZDUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.6375 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.6300 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6308 which is a Pivot Point 2nd Support Point.
NZDUSD is now trading below its Pivot levels of 0.6321 and is moving into a Bearish channel.
The price of NZDUSD remains near its Classic support levels of 0.6304 and is now moving towards its next target of 0.6296 which is a 14-3 Day Raw Stochastic 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]

AUDUSD Technical Analysis – 03rd OCT, 2024
AUDUSD – Support of Channel is Broken

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6897 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of channel is broken in the 1-hourly timeframe.
We can see the formation of Bearish engulfing lines in the 15-minutes timeframe.
We have seen that the Pivot points: price is under support 3 in the 2-hourly timeframe indicating a Neutral market.

The prices of AUDUSD are ranging Near horizontal resistance in the weekly timeframe.
The prices of AUDUSD is back under the pivot point in the weekly timeframe.
The RSI indicator: bearish divergence is also visible in the weekly timeframe.

AUDUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6897 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6840 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6844 which is a Price 3 Standard Deviations Support.
AUDUSD is now trading near to its Pivot levels of 0.6845 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6832 and is moving towards its next target of 0.6828 which is a Pivot Point 3rd Support Point.

#fxopen

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 – 03rd OCT, 2024
EURUSD – Near Horizontal Resistance

EURUSD was unable to continue its bullish momentum and after touching a high of 1.1054 the prices started to decline against the United States Dollar today in the US Trading session.
The prices are Near horizontal resistance in the 15-minutes timeframe.
We have seen Bearish price crossover with Moving Average 20 in the 15-minutes timeframe.
The MACD crosses DOWN its Moving Average in the 15-minutes timeframe.

We can also see the formation of Bearish price crossover with adaptative moving average 20 in the 30-minutes timeframe.
The RSI indicator is back under 50 in the 30-minutes timeframe.
We can see the presence of Bearish engulfing lines in the 30-minutes timeframe
We have also detected Bearish price crossover with adaptative moving average 50 in the daily timeframe.
The Parabolic SAR indicator bearish reversal is visible in the daily timeframe.

EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.1054 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.1030 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 1.1035 at which the Price Crosses 18 Day Moving Average Stalls.
EURUSD is now trading near to its Pivot levels of 1.1042 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.1030 and is moving towards its next target of 1.1016 which is a 3-10 Day Moving Average Crossover Stalls.

#fxopen

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 – 03rd OCT, 2024
GBPUSD – Support of Channel is Broken

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.3274 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of channel is broken in the 1-hourly timeframe.
We can see Bearish price crossover with Moving Average 20 in the daily timeframe.
The Bearish price crossover with adaptative moving average 20 is visible in the daily timeframe.
The RSI indicator is back under 50 in the daily timeframe.

We can see that the SuperTrend indicator bearish reversal is visible in the daily timeframe.
Also the Momentum indicator is back under zero in the daily timeframe.
The RSI indicator: bearish divergence is visible in the weekly timeframe.
We have also detected the CCI indicator: bearish divergence in the weekly timeframe.

Now we can see the formation of Bearish engulfing lines in the weekly timeframe. GBPUSD is ranging Near horizontal resistance in the monthly timeframe.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.3274 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.3100 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading near to its Pivot levels of 1.3108 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.3071 and is now moving towards its next target of 1.3081 which is a Price 3 Standard Deviations Support.
We are also looking for the breach of the levels of 1.3073 at which the Price Crosses 18 Day Moving Average Stalls.

#fxopen

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 – 03rd OCT, 2024
NZDUSD – Support of Channel Is Broken

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6277 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of channel is broken in the 1-hourly timeframe.
We can see Bearish price crossover with Moving Average 20 in the daily timeframe.
The RSI indicator is back under 50 in the daily timeframe.

The MACD crosses DOWN its Moving Average in the daily timeframe.
We can also detect Bearish price crossover with adaptative moving average 100 in the weekly timeframe.
Some of the technical indicators are also giving a Neutral stance in the markets which indicates the presence of the consolidation wave.
NZDUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.6277 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.6200 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6209 which is a Price 1 Standard Deviation Support.
NZDUSD is now trading below its Pivot levels of 0.6222 and is moving into a Bearish channel.
The price of NZDUSD remains near its Classic support levels of 0.6206 and is now moving towards its next target of 0.6190 at which the Price Crosses 40 Day Moving Average.

#fxopen

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 – 07th OCT, 2024
AUDUSD – Bearish Trend Reversal Pattern

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6809 the prices started to decline against the United States Dollar today in the US Trading session.
We have seen Bearish trend reversal: adaptative moving average 20 in the 15-minutes timeframe.
The prices are ranging Near horizontal resistance in the 15-minutes timeframe.
We have seen Bearish trend reversal: adaptative moving average 20 in the daily timeframe.
The Momentum indicator is back under zero in the daily timeframe.

The prices of AUDUSD are ranging Near horizontal resistance in the weekly timeframe.
The prices of AUDUSD are Near resistance of triangle in the monthly timeframe.
We have seen Bearish opening of the markets this week.
AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6809 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6780 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6778 which is a 14-3 Day Raw Stochastic at 20%.
AUDUSD is now trading near to its Pivot levels of 0.6786 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6771 and is moving towards its next target of 0.6763 at which the Price Crosses 40 Day Moving Average.

#fxopen

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 – 07th OCT, 2024
EURUSD – Near Horizontal Resistance

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0976 the prices started to decline against the United States Dollar today in the US Trading session.
The prices are Near horizontal resistance in the 15-minutes timeframe.
We have seen Bearish price crossover with adaptative moving average 50 in the 30-minutes timeframe.
We have also detected Bearish price crossover with adaptative moving average 20 in the 1-hourly timeframe.
We can also see the formation of Bearish Harami pattern in the 2-hourly timeframe.
The Support of channel is broken in the daily timeframe.

The prices of EURUSD are ranging Near resistance of triangle in the weekly timeframe.
We can see that the prices are Near a new LOW record (1 year) in the weekly timeframe.
We have also seen a Bearish opening of the markets this week.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0976 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0970 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 1.0951 which is a 1-Month Low.
EURUSD is now trading near to its Pivot levels of 1.0965 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0948 and is moving towards its next target of 1.0944 which is a 38.2% Retracement From 13 Week Low.

#fxopen

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 – 07th OCT, 2024
GBPUSD – Moving Average Bearish Crossovers

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.3133 the prices started to decline against the United States Dollar today in the US Trading session.
We have seen Moving Average bearish crossovers: AMA20 & AMA50 in the 1-hourly timeframe.
The MACD crosses DOWN its Moving Average in the 2-hourly timeframe.
We can detect Bearish price crossover with adaptative moving average 50 in the daily timeframe.
The SuperTrend indicator bearish reversal is visible in the daily timeframe.

We can also see the CCI indicator is oversold: under -100 in the 1-hourly timeframe.
We have seen Bearish opening of the markets this week.
Now we can see that some of the technical indicators are giving a Bullish to Neutral stance in the markets which indicates the presence of the consolidation wave into the markets.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.3133 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.3080 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading near to its Pivot levels of 1.3077 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.3046 and is now moving towards its next target of 1.3071 which is a Pivot Point 1st Support Point.
We are also looking for the breach of the levels of 1.3049 which is a 50% Retracement From 13 Week High/Low.

#fxopen

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 – 07th OCT, 2024
NZDUSD – Near Horizontal Resistance

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6172 the prices started to decline against the United States Dollar today in the US Trading session.
The prices are Near horizontal resistance in the 15-minutes timeframe.
The Support of channel is broken in the daily timeframe.
We have detected Bearish trend reversal: adaptative moving average 50 in the daily timeframe.
Also, the Bearish trend reversal: adaptative moving average 50 can be seen in the daily timeframe.

We can also detect the formation of Three black crows in the daily timeframe.
We can see Bearish trend reversal: adaptative moving average 100 in the weekly timeframe.
The prices of NZDUSD are ranging Near a new LOW record (1st January) in the weekly timeframe.
NZDUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.6172 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.6140 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6137 at which the Price Crosses 18 Day Moving Average Stalls.
NZDUSD is now trading below its Pivot levels of 0.6147 and is moving into a Bearish channel.
The price of NZDUSD remains near its Classic support levels of 0.6134 and is now moving towards its next target of 0.6129 which is a Pivot Point 1st Support Point.

#fxopen

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