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Daily Market Analytics - Forex

GBPUSD Technical Analysis – 17th DEC, 2024
GBPUSD – Near Horizontal Resistance

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GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2706 the prices started to decline against the United States Dollar today in the London Trading session.
We can see that the prices are ranging Near horizontal resistance in the 15-minutes timeframe.
The Bearish trend reversal: adaptative moving average 20 is visible in the 15-minutes timeframe.
Also, we can see Bearish price crossover with Moving Average 20 along with Bearish price crossover with adaptative moving average 100 present in the 15-minutes timeframe.

The Bearish price crossover with adaptative moving average 50 is visible in the 30-minutes timeframe.
We have seen RSI indicator: bearish divergence present in the 4-hourly timeframe.
We have detected Bearish trend reversal: adaptative moving average 100 in the weekly timeframe.
Also, the prices are ranging Near a new LOW record (1 year) in the weekly timeframe.
We can see Bearish trend reversal: Moving Average 50 in the weekly timeframe.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.

• Pound Bearish reversal seen below the 1.2706 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.2670 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading near to its Pivot levels of 1.2689 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2671 and is now moving towards its next target of 1.2650 which is a 3-10 Day Moving Average Crossover Stalls.
We are also looking for the breach of the levels of 1.2635 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.
 
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NZDUSD Technical Analysis – 17th DEC, 2024
NZDUSD – Support of Channel is Broken

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NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5792 the prices started to decline against the United States Dollar today in the London Trading session.
The Support of channel is broken in the 15-minutes timeframe.
Also, we see that the MACD crosses DOWN its Moving Average in the 15-minutes timeframe.
The Pivot points: price is under support 1 in the 30-minutes timeframe. Als owe can see the formation of Doji in the 30-minutes timeframe.
We have detected that the Support of channel is broken 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.
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 0.5792 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 2nd Support Point.
NZDUSD is now trading near to its Pivot levels of 0.5760 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5748 and is now moving towards its next target of 0.5737 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.
 
USDCAD Technical Analysis – 17th DEC, 2024
USDCAD – Resistance of Channel is Broken

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USDCAD was unable to continue its Bearish momentum and after touching a low of 1.4225 the prices started to correct upwards against the United States Dollar today in the London Trading session.
We have seen that the Resistance of channel is broken in the 15-minutes timeframe.
The RSI indicator is overbought: over 70 in the 2-hourly timeframe. Also, the Previous candle closed over Bollinger bands indicating a Neutral market.
We can see CCI indicator is overbought: over 100 in the 4-hourly timeframe indicating a Neutral market.

The prices continue to range Near resistance of channel in the daily 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.
We can see the formation of Three white soldiers in the weekly 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 1.4225 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.4270 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.4287 which is a Price 1 Standard Deviation Resistance.
USDCAD is now trading near to its Pivot levels of 1.4280 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.4269 and is now moving towards its next target of 1.4305 which is a Price 2 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.
 
USDJPY Technical Analysis – 17th DEC, 2024
USDJPY – Near Support of Channel

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USDJPY was unable to continue its bearish momentum and after touching a low of 151.46 the prices started to correct upwards against the United States Dollar today in the London Trading session.
The prices are ranging Near support of channel in the 15-minutes timeframe.
We have seen the formation of Doji in the 30-minutes timeframe. Also, the Momentum indicator is back over zero in the 2-hourly timeframe.
The Bullish trend reversal: Moving Average 100 is visible in the daily timeframe.

We have detected Bullish trend reversal: adaptative moving average 20 in the weekly timeframe.
Also, we see the presence of Three white soldiers 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 prices of USDJPY are ranging Near a new HIGH record (5 years) 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 151.46 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 153.70 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 153.98 which is a Pivot Point.
USDJPY is now trading near to its Pivot levels of 153.98 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 153.52 and is now moving towards its next target of 154.54 at which the Price Crosses 18 Day Moving Average 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.
 
AUDUSD Technical Analysis – 27th DEC, 2024
AUDUSD – Bearish Trend Reversal

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AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6229 the prices have started to decline against the United States Dollar today in the London trading session.
We can see Bearish trend reversal: Moving Average 20 present in the 15-minutes timeframe.
Also, we see Bearish price crossover with adaptative moving average 20 and the RSI indicator is back under 50 in the 15-minutes timeframe.
Also we see Bearish price crossover with Moving Average 50 present in the 30-minutes timeframe.

We see Bearish price crossover with Moving Average 20 in the 1-hourly timeframe.
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.
The Support of channel is broken 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 0.6229 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6210 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6206 which is a Pivot Point 1st Support Point.
AUDUSD is now trading near to its Pivot levels of 0.6221 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6205 and is moving towards its next target of 0.6192 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.
 
EURUSD Technical Analysis – 27th DEC, 2024
EURUSD – Bullish Trend Reversal

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EURUSD was unable to continue its bearish momentum and after touching a low of 1.0405 the prices started to correct upwards against the United States Dollar today in the London Trading session.
We can see Bullish trend reversal: adaptative moving average 100 present in the 2-hourly timeframe.
We have seen that the Previous candle closed over Bollinger bands in the 2-hourly timeframe.
Also, Bullish trend reversal: adaptative moving average 50 is visible in the 4-hourly timeframe.

The prices of Euro are ranging Near support of channel in the daily timeframe.
We can see the RSI indicator: bullish divergence along with the CCI indicator: bullish divergence present in the weekly timeframe.
Some of the technical indicators are giving a Bearish to Neutral stance indicating the presence of the Consolidation wave in the markets.
The prices of EURUSD are ranging Near a new HIGH record (1 month) in the weekly timeframe.
EURUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.

• Euro Bullish reversal seen above the 1.0405 mark.
• Short-term range appears to be Bullish.
• EURUSD continues to remain above the 1.0430 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.0445 which is a Price 3 Standard Deviations Resistance.
EURUSD is now trading near to its Pivot levels of 1.0435 and is moving into a Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.0410 and is moving towards its next target of 1.0476 which is a Pivot Point 3rd 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.
 
GBPUSD Technical Analysis – 27th DEC, 2024
GBPUSD – Moving Average Bullish Crossovers

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GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2505 the prices started to correct upwards against the United States Dollar today in the London Trading session.
We can see Moving Average bullish crossovers: AMA20 & AMA50 in the 30-minutes timeframe.
We have detected the Ichimoku - Bullish crossover: Tenkan & Kijun in the 1-hourly timeframe.
The Bullish trend reversal: Moving Average 20 and Bullish price crossover with adaptative moving average 50 can be seen in the 2-hourly timeframe.

The Bullish price crossover with adaptative moving average 20 is visible in the 4-hourly timeframe.
We do see CCI indicator: bullish divergence present in the daily timeframe.
Also, RSI indicator: bullish divergence is seen in the weekly timeframe.
The prices of GBPUSD are ranging Near a new HIGH record (1 month) in the weekly timeframe.
GBPUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving average.

• Pound Bullish reversal seen above the 1.2505 mark.
• Short-term range appears to be Bullish.
• GBPUSD continues to remain above the 1.2560 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading near to its Pivot levels of 1.2567 and is moving into a Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.2538 and is now moving towards its next target of 1.2576 which is a 14-3 Day Raw Stochastic at 30%.
We are also looking for the breach of the levels of 1.2603 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.
 
NZDUSD Technical Analysis – 27th DEC, 2024
NZDUSD – Price is back over the Pivot Point

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NZDUSD was unable to continue its bearish momentum and after touching a low of 0.5613 the prices started to correct upwards against the United States Dollar today in the London Trading session.
The Price is back over the pivot point in the 30-minutes timeframe. Also, the prices are Near support of channel in the 1-hourly timeframe.
We have detected Moving Average bullish crossovers: AMA20 & AMA50 present in the 4-hourly timeframe.
We can see Parabolic SAR indicator bullish reversal in the 4-hourly timeframe.

Also, we see RSI indicator: bullish divergence in the daily timeframe. The prices of NZDUSD continue to range Near horizontal support 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.
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 Bullish reversal seen above the 0.5613 mark.
• Short-term range appears to be Bullish.
• NZDUSD continues to remain above the 0.5620 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 0.5646 which is a Price 3 Standard Deviations Resistance.
NZDUSD is now trading near to its Pivot levels of 0.5638 and is moving into a Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.5628 and is now moving towards its next target of 0.5671 at which the Price Crosses 9 Day Moving Average.

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.
 
USDCAD Technical Analysis – 27th DEC, 2024
USDCAD – Near Resistance of Channel

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USDCAD was unable to continue its Bullish momentum and after touching a high of 1.4420 the prices started to decline against the United States Dollar today in the London Trading session.
The prices are Near resistance of channel and the Price is back under the pivot point in the 15-minutes timeframe.
We see that the RSI indicator is back under 50 in the 30-minutes timeframe. Also, the Support of channel is broken in the 1-hourly timeframe.
Also we see RSI indicator: bearish divergence along with the MACD indicator: bearish divergence in the daily timeframe.

The prices of USDCAD continue to range Near resistance of channel 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.
We see that USDCAD is ranging Near a new LOW record (1 month) in the weekly timeframe.
USDCAD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.

• Loonie Bearish reversal seen below the 1.4420 mark.
• Short-term range appears to be Bearish.
• USDCAD continues to remain above the 1.4380 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 1.4383 which is a Price 1 Standard Deviation Support.
USDCAD is now trading near to its Pivot levels of 1.4389 and is moving into a Bearish channel.
The price of USDCAD remains above its Classic support levels of 1.4358 and is now moving towards its next target of 1.4366 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.
 
USDJPY Technical Analysis – 27th DEC, 2024
USDJPY – Bearish Trend Reversal

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USDJPY was unable to continue its bullish momentum and after touching a high of 158.03 the prices started to decline against the United States Dollar today in the London Trading session.
We can see Bearish trend reversal: Moving Average 100 in the 15-minutes timeframe.
The RSI indicator is back under 50 and MACD indicator is back under zero in the 15-minutes timeframe.
We have seen Bearish price crossover with Moving Average 20 in the 30-minutes timeframe.

The RSI indicator is back under 50 and MACD indicator: bearish divergence is visible in the 30-minutes timeframe.
Also, the Support of channel is broken in the 1-hourly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets indicating the presence of the Consolidation wave in the markets.
The prices of USDJPY are ranging Near a new HIGH record (5 years) in the weekly timeframe.
USDJPY is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.

• Yen Bearish reversal seen below the 158.03 mark.
• Short-term range appears to be Bearish.
• USDJPY continues to remain above the 157.70 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 157.35 which is a Price 1 Standard Deviation Support.
USDJPY is now trading near to its Pivot levels of 157.79 and is moving into a Bearish channel.
The price of USDJPY remains above its Classic support levels of 157.50 and is now moving towards its next target of 157.09 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.
 
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Currency
Rates
EUR / USD
1.03738
USD / JPY
153.517
GBP / USD
1.24470
USD / CHF
0.91053
USD / CAD
1.43085
EUR / JPY
159.256
AUD / USD
0.62780

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