Daily Market Analytics - Forex

[FXOpen Trader]

AUDUSD Technical Analysis – 14th OCT, 2024
AUDUSD – Support of Channel is Broken

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6758 the prices have started to decline against the United States Dollar today in the Asian trading session.
The Support of channel is broken in the 1-hourly timeframe.
We can see Ichimoku - Bearish crossover: Tenkan & Kijun in the 1-hourly timeframe.
The Support of channel is broken in the daily timeframe.
We have also seen Bearish price crossover with Moving Average 50 in the daily timeframe.

We can detect Bearish price crossover with adaptative moving average 50 in the daily timeframe.
The MACD indicator is back under zero indicating bearish tendencies.
The prices of AUDUSD are ranging Near resistance of triangle in the weekly timeframe.
We have also 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 0.6758 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6700 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6696 which is a Pivot Point 3rd Support Point.
AUDUSD is now trading near to its Pivot levels of 0.6710 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6684 and is moving towards its next target of 0.6685 which is a 61.8% Retracement from the 52 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]

EURUSD Technical Analysis – 14th OCT, 2024
EURUSD – Support of Channel is Broken

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0945 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of channel is broken in the 15-minutes timeframe.
We have seen the formation of Three black crows in the 1-hourly timeframe.
We have also detected Moving Average bearish crossovers: AMA20 & AMA50 in the daily timeframe.

We can also see Bearish price crossover with Moving Average 100 in the daily timeframe.
We can see Ichimoku: price is under the cloud in the daily timeframe.
Also, we can see Bearish price crossover with adaptative moving average 20 in the weekly timeframe.
The MACD crosses DOWN its Moving Average 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 1.0945 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0900 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 1.0899 which is a Price 2 Standard Deviations Support.
EURUSD is now trading near to its Pivot levels of 1.0915 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0891 and is moving towards its next target of 1.0873 which is a 14 Day RSI at 30%.

#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 – 14th OCT, 2024
GBPUSD – Support of Channel is Broken

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.3066 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of channel is broken in the 15-minutes timeframe.
We can see Bearish trend reversal: Moving Average 50 in the 30-minutes timeframe.
The MACD indicator is back under zero in the 30-minutes timeframe.

We have seen Bearish trend reversal: Moving Average 20 in the 1-hourly timeframe.
We have also detected Bearish trend reversal: adaptative moving average 20 in the 1-hourly timeframe.
We have seen Parabolic SAR indicator bearish reversal in the 1-hourly timeframe.

Also, we see Bearish trend reversal: adaptative moving average 20 in the 2-hourly timeframe.
The Price is back under the pivot point in the 4-hourly timeframe.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.3066 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.3040 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading near to its Pivot levels of 1.3059 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.3035 and is now moving towards its next target of 1.3046 which is a Price 3 Standard Deviations Support.
We are also looking for the breach of the levels of 1.3034 at which the Price Crosses 40 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 – 14th OCT, 2024
NZDUSD – Support of Channel is Broken

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6098 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of channel is broken in the 15-minutes timeframe.
The prices of NZDUSD are ranging Near resistance of channel in the 1-hourly timeframe.
We can see Bearish price crossover with Moving Average 20 in the 1-hourly timeframe.

We have also seen Bearish price crossover with adaptative moving average 100 in the 1-hourly timeframe.
We see MACD crosses DOWN its Moving Average in the 1-hourly timeframe.
The Ichimoku: price is under the cloud in the 1-hourly timeframe.

We have also seen Bearish price crossover with adaptative moving average 20 in the 4-hourly 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 0.6098 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.6080 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6076 which is a 50% Retracement From 52 Week High/Low.
NZDUSD is now trading below its Pivot levels of 0.6085 and is moving into a Bearish channel.
The price of NZDUSD remains near its Classic support levels of 0.6074 and is now moving towards its next target of 0.6066 which is a Price 3 Standard Deviations Support.

#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 – 17th OCT, 2024
AUDUSD – Resistance of Channel is Broken

AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6658 the prices have started to rise upwards against the United States Dollar today in the US trading session.
The Resistance of channel is broken in the 1-hourly timeframe.
We can also see Ichimoku - Bullish crossover: Tenkan & Kijun in the 1-hourly timeframe.
We have seen Bullish trend reversal: adaptative moving average 20 in the 4-hourly timeframe.

The prices of AUDUSD are ranging Near support of channel in the daily timeframe.
We have also seen Bullish price crossover with Moving Average 100 in the daily timeframe.
The Ichimoku: price is over the cloud in the daily timeframe.

We can see the formation of Bullish engulfing lines in the daily timeframe.
The AUDUSD is ranging Near a new HIGH record (1 year) in the weekly timeframe.
AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bullish reversal seen above the 0.6658 mark.
• Short-term range appears to be Bullish.
• AUDUSD continues to remain above the 0.6690 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 0.6704 at which the Price Crosses 40 Day Moving Average Stalls.
AUDUSD is now trading near to its Pivot levels of 0.6699 and is moving into a Bullish channel.
The price of AUDUSD remains above its Classic support levels of 0.6686 and is moving towards its next target of 0.6715 which is a 38.2% Retracement From 13 Week High.

#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 – 17th OCT, 2024
EURUSD – Support of Channel is Broken

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0872 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 Horizontal support is broken in the daily timeframe.

We have also detected Bearish price crossover with Moving Average 50 in the weekly timeframe.
We can also see Bearish price crossover with adaptative moving average 100 in the weekly timeframe.
The MACD crosses DOWN its Moving Average in the weekly timeframe.
Also, we can see that the Momentum indicator is back under zero in the weekly timeframe.

The prices of EURUSD are ranging New LOW record (1 month) in the weekly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the consolidation wave in the markets.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0872 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0820 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 1.0819 which is a Price 1 Standard Deviation Support.
EURUSD is now trading near to its Pivot levels of 1.0825 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0813 and is moving towards its next target of 1.0801 which is a Price 2 Standard Deviations Support.

#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 – 17th OCT, 2024
GBPUSD – CCI indicator: Bullish Divergence

GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2973 the prices started to rise upwards against the United States Dollar today in the US Trading session.
We have seen CCI indicator: bullish divergence in the daily timeframe.
The prices are ranging Near horizontal support in the weekly timeframe.
GBPUSD is Near support of channel in the daily timeframe.

Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the consolidation wave in the markets.
The MACD crosses DOWN its Moving Average in the weekly timeframe which is indicative of the bearish trends.
The prices are ranging Near a new HIGH record (1 year) in the weekly timeframe.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish reversal seen above the 1.2973 mark.
• Short-term range appears to be Bullish.
• GBPUSD continues to remain above the 1.3000 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading near to its Pivot levels of 1.3011 and is moving into a Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.2995 and is now moving towards its next target of 1.3028 which is a Price 1 Standard Deviation Resistance.
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 – 17th OCT, 2024
NZDUSD – Parabolic SAR Indicator Bearish Reversal

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6073 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.
We have also detected Moving Average bearish crossovers: MA20 & MA50 in the 15-minutes timeframe.
The MACD crosses DOWN its Moving Average in the 15-minutes timeframe.

We can also detect Parabolic SAR indicator bearish reversal in the 15-minutes timeframe.
The RSI indicator is back under 50 in the 1-hourly timeframe.
Also, Bearish trend reversal: Moving Average 20 is visible in the weekly timeframe.
The MACD crosses DOWN its Moving Average 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 0.6073 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.6050 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 0.6052 which is a 38.2% Retracement From 13 Week Low.
NZDUSD is now trading below its Pivot levels of 0.6062 and is moving into a Bearish channel.
The price of NZDUSD remains near its Classic support levels of 0.6054 and is now moving towards its next target of 0.6040 which is a 1-Month 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]

AUDUSD Technical Analysis – 22nd OCT, 2024
AUDUSD – Resistance of Channel is Broken

AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6650 the prices have started to rise upwards against the United States Dollar today in the US trading session.
The Resistance of channel is broken in the 1-hourly timeframe.
We can also see Bullish trend reversal: adaptative moving average 100 in the 30-minutes timeframe.
We have seen Bullish price crossover with adaptative moving average 50 in the 1-hourly timeframe.
The RSI indicator is back over 50 in the 2-hourly timeframe.

We have also seen Bullish engulfing lines in the 4-hourly timeframe.
Also, we can see Bullish price crossover with adaptative moving average 100 in the daily timeframe.
We have detected RSI indicator: bullish divergence in the daily timeframe.
The AUDUSD is ranging Near a new HIGH record (1 month) in the weekly timeframe.
AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.

• Aussie Bullish reversal seen above the 0.6650 mark.
• Short-term range appears to be Bullish.
• AUDUSD continues to remain above the 0.6680 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.6693 which is a Price 3 Standard Deviations Resistance.
AUDUSD is now trading near to its Pivot levels of 0.6681 and is moving into a Bullish channel.
The price of AUDUSD remains above its Classic support levels of 0.6673 and is moving towards its next target of 0.6719 at which the Price Crosses 9 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]

EURUSD Technical Analysis – 22nd OCT, 2024
EURUSD – MACD Indicator: Bullish Divergence

EURUSD was unable to continue its bearish momentum and after touching a low of 1.0810 the prices started to correct upwards against the United States Dollar today in the US Trading session.
We can see MACD indicator: bullish divergence in the 2-hourly timeframe.
The prices are ranging Near horizontal support in the daily timeframe.
We have also detected RSI indicator: bullish divergence in the daily timeframe.

The prices of EURUSD are ranging Near support of channel in the weekly timeframe.
Also, we can see that the CCI indicator is oversold: under -100 in the daily timeframe indicating a Neutral market.
The prices of EURUSD are ranging Near a new HIGH record (1 year) 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.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.0810 mark.
• Short-term range appears to be Bullish.
• EURUSD continues to remain above the 1.0810 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.0838 which is a Price 1 Standard Deviation Resistance.
EURUSD is now trading near to its Pivot levels of 1.0824 and is moving into a Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.0803 and is moving towards its next target of 1.0865 which is a 14-3 Day Raw Stochastic at 20%.

#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