Daily Market Analytics - Forex

[FXOpen Trader]

EURUSD Technical Analysis – 23rd JULY, 2024

EURUSD – Bearish Trend Reversal

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0896 today in the Asian trading session the prices started to decline steadily against the United States dollar.
The MACD indicator is back under zero in the 1-hourly timeframe indicating the bearish trend.
The Momentum indicator is also back under zero in the 1-hourly timeframe.

The prices of EURUSD are ranging near the horizontal resistance in the 1-hourly timeframe.
We can also see the formation of Bearish Trend reversal pattern with the Adaptive Moving average AMA20 in the 1-hourly timeframe.
The Price of EURUSD is back under the Pivot point in the 2-hourly timeframe.

EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish correction seen below the 1.0896 mark.
• Short-term range appears to be Mild Bearish.
• EURUSD continues to remain above the 1.0870 levels.
• Average true range ATR is indicating less market volatility.

The next support is located at 1.0875 which is a Pivot Point 1st Support Point.
EURUSD is now trading just below its Pivot levels of 1.0885 and is moving into a Mild Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0869 and is moving towards its next target of 1.0857 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

GBPUSD Technical Analysis – 23rd JULY, 2024

GBPUSD – Bearish Price Crossover Pattern

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2941 the prices have started to decline steadily against the United States dollar.
We can see the formation of Bearish Price Crossover pattern with the Moving Average MA20 in the 2-hourly timeframe and Adaptive Moving Average AMA20 in the 2-hourly timeframe.
The prices of GBPUSD are ranging near horizontal resistance in the monthly timeframe.

We can also see the formation of Bearish Trend reversal pattern with the Adaptive Moving Average AMA20 in the 2-hourly timeframe.
The Momentum indicator is also back under zero in the 4-hourly timeframe.
The prices of GBPUSD are moving near a new low record of 1-month.

GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish correction seen below the 1.2941 mark.
• Short-term range appears to be Mild Bearish.
• GBPUSD continues to remain above the 1.2910 levels.
• Average true range ATR is indicating less market volatility.

GBPUSD is now trading below its Pivot levels of 1.2919 and is moving into a Mild Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2897 and is now moving towards its next target of 1.2890 which is a Pivot Point 2nd Support Point.

We are also looking for the breach of the levels of 1.2877 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

EURUSD Technical Analysis – 24th JULY, 2024

EURUSD – Bearish Trend Reversal

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0867 yesterday the prices started to decline steadily against the United States dollar.
The Parabolic SAR indicator is giving a bearish reversal signal in the 15-minutes timeframe.
The Momentum indicator is also back under zero in the 15-minutes timeframe.

The prices of EURUSD are ranging near the resistance of the channel in the 15-minutes timeframe.
We can also see the formation of Bearish Trend reversal pattern with the Adaptive Moving average AMA20 and AMA50 in the 15-minutes timeframe.
The MACD crosses down its Moving average in the daily timeframe.

EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish correction seen below the 1.0867 mark.
• Short-term range appears to be Mild Bearish.
• EURUSD continues to remain above the 1.0840 levels.
• Average true range ATR is indicating less market volatility.

The next support is located at 1.0833 which is a Pivot Point 1st Support Point.
EURUSD is now trading below its Pivot levels of 1.0851 and is moving into a Mild Bearish channel.

The price of EURUSD remains below its Classic support levels of 1.0848 and is moving towards its next target of 1.0831 which is a 3-10 Day MACD Oscillator 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

GBPUSD Technical Analysis – 24th JULY, 2024

GBPUSD – Support Of Channel Is Broken

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2919 the prices have started to decline steadily against the United States dollar.
The support of the channel is broken in the 1-hourly timeframe.
The Parabolic SAR indicator is giving a bearish reversal signal in the 15-minutes timeframe.

The prices of GBPUSD are ranging near resistance of the channel in the 15-minutes timeframe.
The MACD crosses down its moving average in the daily timeframe.
The prices of GBPUSD are moving near a new low record of 1-month.

GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish correction seen below the 1.2919 mark.
• Short-term range appears to be Mild Bearish.
• GBPUSD continues to remain above the 1.2890 levels.
• Average true range ATR is indicating less market volatility.

GBPUSD is now trading above its Pivot levels of 1.2888 and is moving into a Mild Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2874 and is now moving towards its next target of 1.2885 which is a Pivot Point 1st Support Point.

We are also looking for the breach of the levels of 1.2879 which is a 38.2% Retracement From 4 Week High.

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 – 25th JULY, 2024

EURUSD – SuperTrend Indicator Bullish Reversal

EURUSD was unable to continue its bearish momentum and after touching a low of 1.0828 the prices started to rise upwards touching a high of 1.0864 in the US Trading session.
The SuperTrend Indicator is giving a Bullish Reversal signal in the 1-hourly timeframe.
The Resistance of the channel is broken in the 1-hourly timeframe.

We can also see the formation of Bullish Trend reversal pattern with the Moving average MA20 and the Adaptive Moving average AMA50 in the 2-hourly timeframe.
We have also detected the presence of Moving Average bullish crossovers with the AMA20 and AMA50 in the 15-minutes timeframe.

EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish correction seen above the 1.0828 mark.
• Short-term range appears to be Mild Bullish.
• EURUSD continues to remain above the 1.0850 levels.
• Average true range ATR is indicating high market volatility.

The next resistance is located at 1.0870 which is a Price 2 Standard Deviations Resistance.
EURUSD is now trading just above its Pivot levels of 1.0860 and is moving into a Mild Bullish channel.

The price of EURUSD remains above its Classic support levels of 1.0844 and is moving towards its next target of 1.0881 which is a 61.8% Retracement from the 52 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

GBPUSD Technical Analysis – 25th JULY, 2024

GBPUSD – CCI Indicator: Bullish Divergence

GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2860 today the prices have started correcting upwards in the US trading session.
The CCI Indicator is giving a Bullish Divergence signal in the 4-hourly timeframe.
The MACD indicator is giving a bullish divergence signal in the 2-hourly timeframe.

The MACD crosses UP its Moving average in the 1-hourly timeframe.
The Resistance of the channel is broken in the weekly timeframe.
The prices of GBPUSD are ranging near the horizontal support in the 1-hourly timeframe.

GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish correction seen above the 1.2860 mark.
• Short-term range appears to be Mild Bullish.
• GBPUSD continues to remain above the 1.2880 levels.
• Average true range ATR is indicating high market volatility.

GBPUSD is now trading above its Pivot levels of 1.2882 and is moving into a Mild Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.2865 and is now moving towards its next target of 1.2899 which is a 14-3 Day Raw Stochastic at 50%.

We are also looking for the breach of the levels of 1.2925 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 – 26th JULY, 2024

EURUSD – Parabolic SAR Indicator Bullish Reversal

EURUSD was unable to continue its bearish momentum and after touching a low of 1.0842 the prices started to rise upwards touching a high of 1.0864 in the US Trading session.
The Parabolic SAR Indicator is giving Bullish Reversal signal in the 15-minutes timeframe.
The Resistance of the channel is broken in the 15-minutes timeframe.

We can also see the formation of Bullish Trend reversal pattern with the Adaptive Moving average AMA100 in the 1-hourly timeframe and the Adaptive Moving average AMA50 in the 2-hourly timeframe.
We have also detected the presence of Aroon indicator bullish trend in the 1-hourly timeframe.
Some of the technical indicators are also giving a neutral stance which indicates the presence of the consolidation phase in the markets.

EURUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Euro Bullish correction seen above the 1.0842 mark.
• Short-term range appears to be Mild Bullish.
• EURUSD continues to remain above the 1.0850 levels.
• Average true range ATR is indicating less market volatility.

The next resistance is located at 1.0865 which is a Price 1 Standard Deviation Resistance.
EURUSD is now trading just above its Pivot levels of 1.0858 and is moving into a Mild Bullish channel.

The price of EURUSD remains above its Classic support levels of 1.0845 and is moving towards its next target of 1.0875 which is a 14-3 Day Raw Stochastic at 50%.

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 JULY, 2024

GBPUSD – Bullish Price Crossover

GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2848 today the prices have started correcting upwards in the US trading session.
We can see the formation of Bullish Price Crossover pattern with the Moving Average MA20, MA50 and MA100 in the 15-minutes timeframe.
We have also detected the formation of Moving Average bullish crossovers: MA20 & MA50 in the 30-minutes timeframe.

The RSI indicator is back over 50 in the 30-minutes timeframe.
We can also see the formation of Bullish Harami pattern in the 30-minutes timeframe.
The resistance of the channel is broken in the 1-hourly timeframe.

GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish correction seen above the 1.2848 mark.
• Short-term range appears to be Mild Bullish.
• GBPUSD continues to remain above the 1.2860 levels.
• Average true range ATR is indicating less market volatility.

GBPUSD is now trading below its Pivot levels of 1.2870 and is moving into a Mild Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.2856 and is now moving towards its next target of 1.2879 which is a 38.2% Retracement From 4 Week High.

We are also looking for the breach of the levels of 1.2886 at which the Price Crosses 18 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

EURUSD Technical Analysis – 29th JULY, 2024

EURUSD – Support of Channel Is Broken

EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0869 the prices started to decline against the United States dollar.
The Support of the channel is broken in both the 1-hourly and 4-hourly timeframes which indicates the bearish nature of the markets.
We can also see the formation of Bearish Trend reversal pattern with the Moving Average MA100 in the 4-hourly timeframe.

We have also detected the presence of Bearish Engulfing lines in the daily timeframe.
Some of the technical indicators are also giving a neutral stance which indicates the presence of the consolidation phase in the markets.
The RSI indicator is back under 50 in the daily timeframe.
EURUSD is now trading below its 100-hour SMA and below its 200-hour SMA simple moving averages.

• Euro Bearish correction seen below the 1.0869 mark.
• Short-term range appears to be Mild Bearish.
• EURUSD continues to remain above the 1.0800 levels.
• Average true range ATR is indicating high market volatility.

The next support is located at 1.0816 which is a Pivot Point 3rd Support Point.
EURUSD is now trading below its Pivot levels of 1.0824 and is moving into a Mild Bearish channel.

The price of EURUSD remains above its Classic support levels of 1.0805 and is moving towards its next target of 1.0801 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

GBPUSD Technical Analysis – 29th JULY, 2024

GBPUSD – Bearish Price Crossover

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2887 the prices started to decline sharply against the United States dollar.
We can see the formation of Bearish Price Crossover pattern with the Moving Average MA20 and Adaptive Moving Average AMA20 in the daily timeframe.
The Momentum indicator is back under Zero in the daily timeframe.

The RSI indicator is back under 50 in the daily timeframe.
The prices of GBPUSD are ranging near the horizontal resistance in the weekly timeframe.
We have also seen a bearish opening of the markets this week.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.

• Pound Bearish correction seen below the 1.2887 mark.
• Short-term range appears to be Mild Bearish.
• GBPUSD continues to remain above the 1.2830 levels.
• Average true range ATR is indicating high market volatility.

GBPUSD is now trading above its Pivot levels of 1.2834 and is moving into a Mild Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2815 and is now moving towards its next target of 1.2831 which is a 14-3 Day Raw Stochastic at 20%.

We are also looking for the breach of the levels of 1.2816 which is a 38.2% Retracement From 13 Week High.

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