Daily Market Analytics - Forex

[FXOpen Trader]

USDCAD Technical Analysis – 12th DEC, 2024
USDCAD – Resistance of Channel is Broken

USDCAD was unable to continue its Bearish momentum and after touching a low of 1.4130 the prices started to correct upwards against the United States Dollar today in the Asian Trading session.
We have seen that the Resistance of Channel is Broken in the 1-hourly timeframe.
Also, we see Bullish trend reversal: Moving Average 20 present in the 2-hourly timeframe.
We can see CCI indicator is overbought: over 100 in the 4-hourly timeframe indicating a Neutral market.

The Resistance of channel is broken 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.
The prices are Near resistance of channel in the monthly timeframe.
We see that USDCAD is ranging Near a new HIGH record (5 years) in the weekly timeframe.

USDCAD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Loonie Bullish reversal seen above the 1.4130 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.4170 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.4194 which is a Pivot Point 1st Resistance Point.
USDCAD is now trading near to its Pivot levels of 1.4183 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.4127 and is now moving towards its next target of 1.4231 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]

USDJPY Technical Analysis – 12th DEC, 2024
USDJPY – Bullish Price Crossover

USDJPY was unable to continue its bearish momentum and after touching a low of 151.82 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The Bullish price crossover with adaptative moving average 20 can be seen in the 15-minutes timeframe.
We see Ichimoku - Bullish crossover: Tenkan & Kijun present in the 15-minutes timeframe.
The MACD indicator: bullish divergence is visible in the 15-minutes timeframe.

The prices are ranging Near support of channel in the 1-hourly timeframe.
Also, we see Momentum indicator is back over zero in the 1-hourly timeframe.
We have seen Bullish price crossover with adaptative moving average 50 in the weekly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets indicating the presence of the Consolidation wave in the markets.

The RSI indicator is back over 50 in the weekly timeframe.
USDJPY is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Yen Bullish reversal seen above the 151.82 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 152.20 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 152.59 at which the Price Crosses 40 Day Moving Average.
USDJPY is now trading near to its Pivot levels of 152.26 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 151.87 and is now moving towards its next target of 153.10 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.

 

[FXOpen Trader]

AUDUSD Technical Analysis – 13th DEC, 2024
AUDUSD – Support of Channel is Broken

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6383 the prices have started to decline against the United States Dollar today in the US trading session.
We can see the Support of channel is broken in the 15-minutes timeframe.
Also, we see Bearish trend reversal: Moving Average 20 in the 2-hourly timeframe.
We have detected Moving Average bearish crossovers: AMA50 & AMA100 in the 2-hourly timeframe.

The CCI indicator is oversold: under -100 in the weekly timeframe indicating a Neutral market.
Some of the technical indicators are giving a Bullish to Neutral stance in the markets indicating the presence of the Consolidation wave in the markets.
The prices are ranging Near a new LOW 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 Bearish reversal seen below the 0.6383 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6350 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6343 which is a Pivot Point 1st Support Point.
AUDUSD is now trading near to its Pivot levels of 0.6357 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6344 and is moving towards its next target of 0.6321 which is a Price 2 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.

 

[FXOpen Trader]

EURUSD Technical Analysis – 13th DEC, 2024
EURUSD – Near Resistance of Channel

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0524 the prices started to decline against the United States Dollar today in the US Trading session.
We can see prices are ranging Near resistance of channel in the 15-minutes timeframe.
The Bearish price crossover with adaptative moving average 20 can be seen in the 1-hourly timeframe.
We have seen the Momentum indicator is back under zero in the 2-hourly timeframe.

We can see Parabolic SAR indicator bearish reversal present in the daily timeframe.
Also, the Price is back under the pivot point in the weekly timeframe.
Some of the technical indicators are giving a Bullish to Neutral stance indicating the presence of the Consolidation wave in the markets.
The prices of EURUSD are ranging Near a new LOW record (1 year) in the weekly timeframe.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.

• Euro Bearish reversal seen below the 1.0524 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0480 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 1.0486 which is a 14-3 Day Raw Stochastic at 30%.
EURUSD is now trading near to its Pivot levels of 1.0497 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0466 and is moving towards its next target of 1.0448 which is a 3-10 Day Moving Average Crossover Stalls.

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.

 

[FXOpen Trader]

GBPUSD Technical Analysis – 13th DEC, 2024
GBPUSD – Support of Channel is Broken

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2668 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 15-minutes timeframe.
The Pivot points: price is under support 1 in the 15-minutes timeframe indicating a Neutral market.
As we can see the Moving Average bearish crossovers: AMA20 & AMA50 in the 4-hourly timeframe.

Also, the Horizontal support is broken in the daily timeframe.
The Bearish trend reversal: adaptative moving average 20 is visible in the daily timeframe.
We have detected Parabolic SAR indicator bearish reversal in the daily timeframe. Also, the Momentum indicator is back under zero in the daily timeframe.
Also, the prices are ranging Near a new LOW record (1 year) in the weekly timeframe.
We can see Bearish price crossover with adaptative moving average 100 in the weekly timeframe.
GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.

• Pound Bearish reversal seen below the 1.2668 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.2610 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading near to its Pivot levels of 1.2624 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2607 and is now moving towards its next target of 1.2587 which is a Pivot Point 2nd Support Point.
We are also looking for the breach of the levels of 1.2568 which is a 14-3 Day Raw Stochastic at 20%.

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.

 

[FXOpen Trader]

NZDUSD Technical Analysis – 13th DEC, 2024
NZDUSD – Support of Channel is Broken

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5777 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.
Also, we see Moving Average bearish crossovers: AMA20 & AMA50 present in the 15-minutes timeframe.
The CCI indicator is oversold: under -100 in the 4-hourly timeframe indicating a Neutral market.

We have detected Pivot points: price is under support 3 in the weekly timeframe indicating a Neutral market.
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.
We have seen that the prices continue to range Near a new LOW record (5 years) in the weekly timeframe.
NZDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.

• Kiwi Bearish reversal seen below the 0.5777 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5750 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.5748 which is a Pivot Point 1st Support Point.
NZDUSD is now trading near to its Pivot levels of 0.5757 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5750 and is now moving towards its next target of 0.5727 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.

 

[FXOpen Trader]

USDCAD Technical Analysis – 13th DEC, 2024
USDCAD – Resistance of Channel is Broken

USDCAD was unable to continue its Bearish momentum and after touching a low of 1.4209 the prices started to correct upwards against the United States Dollar today in the US Trading session.
We have seen that the Resistance of channel is broken in the 15-minutes timeframe.
Also, we see Pivot points: price is over resistance 1 in the weekly timeframe indicating a Neutral market.
We can see CCI indicator is overbought: over 100 in the 4-hourly timeframe indicating a Neutral market.

The Resistance of channel is broken 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.
The prices are Near resistance of channel in the monthly timeframe.
We see that USDCAD is ranging Near a new HIGH record (5 years) in the weekly timeframe.
USDCAD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.

• Loonie Bullish reversal seen above the 1.4209 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.4220 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.4235 which is a 14 Day RSI at 70%.
USDCAD is now trading near to its Pivot levels of 1.4235 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.4213 and is now moving towards its next target of 1.4251 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.

 

[FXOpen Trader]

USDJPY Technical Analysis – 13th DEC, 2024
USDJPY – Resistance of Channel is Broken

USDJPY was unable to continue its bearish momentum and after touching a low of 152.45 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The Resistance of channel is broken in the 1-hourly timeframe.
We see that the CCI indicator is overbought: over 100 in the 2-hourly timeframe.
The RSI indicator is overbought: over 70 in the 4-hourly timeframe.

The Horizontal resistance is broken in the daily timeframe.
Also, we see that the MACD crosses UP its Moving Average in the daily timeframe.
We have seen Bullish price crossover with adaptative moving average 20 in the weekly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets indicating the presence of the Consolidation wave in the markets.
The RSI indicator is back over 50 in the weekly timeframe. We can see Ichimoku: price is over the cloud in the weekly timeframe. Also, we have seen Bullish opening of the markets this week.
USDJPY is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.

• Yen Bullish reversal seen above the 152.45 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 153.60 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 153.93 which is a 3-10 Day Moving Average Crossover Stalls.
USDJPY is now trading near to its Pivot levels of 153.73 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 153.55 and is now moving towards its next target of 154.23 which is a Price 3 Standard Deviations 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.

 

[FXOpen Trader]

AUDUSD Technical Analysis – 17th DEC, 2024
AUDUSD – MACD crosses DOWN its Moving Average

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6377 the prices have started to decline against the United States Dollar today in the London trading session.
The MACD crosses DOWN its Moving Average in the 15-minutes timeframe.
Also, we see Parabolic SAR indicator bearish reversal present in the 15-minutes timeframe.
We have detected the formation of Doji in the 15-minutes timeframe. Also, the Support of channel is broken in the 1-hourly timeframe.

The Pivot points: price is under support 1 in the 4-hourly timeframe indicating a Neutral market.
Some of the technical indicators are giving a Bullish to Neutral stance in the markets indicating the presence of the Consolidation wave in the markets.
The prices are ranging Near a new LOW 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 Bearish reversal seen below the 0.6377 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6340 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6337 which is a 1-Month Low.
AUDUSD is now trading near to its Pivot levels of 0.6345 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6331 and is moving towards its next target of 0.6313 which is a Pivot Point 3rd Support 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.

 

[FXOpen Trader]

EURUSD Technical Analysis – 17th DEC, 2024
EURUSD – Support of Channel is Broken

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0534 the prices started to decline against the United States Dollar today in the London Trading session.
We can see the Support of Channel Is Broken in the 15-minutes timeframe.
The Moving Average bearish crossovers: AMA20 & AMA50 is visible in the 30-minutes timeframe.
We have seen Bearish trend reversal: Moving Average 20 in the 1-hourly timeframe.

We can see Bearish price crossover with Moving Average 50 in the 2-hourly timeframe.
Also, the Ichimoku: price is under the cloud is visible in the 2-hourly timeframe. We see Bearish trend reversal: adaptative moving average 20 in the 4-hourly timeframe.
Some of the technical indicators are giving a Bullish to Neutral stance indicating the presence of the Consolidation wave in the markets.
The prices of EURUSD are ranging Near a new LOW record (1 year) in the weekly timeframe.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.

• Euro Bearish reversal seen below the 1.0534 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0480 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 1.0479 which is a 3-10 Day Moving Average Crossover Stalls.
EURUSD is now trading near to its Pivot levels of 1.0492 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0470 and is moving towards its next target of 1.0446 which is a 38.2% Retracement From 4 Week Low.

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.