Daily Market Analytics - Forex

[FXOpen Trader]

EURUSD Technical Analysis – 06th AUG, 2024

EURUSD – Ichimoku - Bearish Crossover: Tenkan & Kijun

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0962 the prices started to decline sharply against the US Dollar.
We can see the formation of Ichimoku - Bearish Crossover: Tenkan & Kijun in the 1-hourly timeframe.
The Support of the channel is broken in the 1-hourly timeframe.

The prices of EURUSD are ranging near the resistance of the channel in the 15-minutes timeframe.
The MACD crosses DOWN its Moving Average in the 4-hourly timeframe.
The horizontal support is broken in the daily timeframe.
The prices of EURUSD are ranging near a new LOW record of 1 month.

EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0962 mark.
• Short-term range appears to be Strong Bearish.
• EURUSD continues to remain above the 1.0920 levels.
• Average true range ATR is indicating less market volatility.

The next support is located at 1.0920 which is a 38.2% Retracement From 4 Week High.
EURUSD is now trading just above its Pivot levels of 1.0916 and is moving into a Strongly Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0907 and is moving towards its next target of 1.0893 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 – 06th AUG, 2024

GBPUSD – Parabolic SAR Indicator Bearish Reversal

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2802 the prices started to decline sharply against the US dollar.
The Parabolic SAR Indicator is giving a Bearish Reversal signal in the weekly timeframe.
We can see the formation of Bearish price crossover pattern with adaptative moving average 50 AMA50 and moving average MA50 in the daily timeframe.
The Support of the channel is also broken in the daily timeframe.

The horizontal support is broken in the 15-minutes timeframe.
The MACD indicator is back under zero in the daily timeframe.
The prices of GBPPUSD are ranging near a 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 reversal seen below the 1.2802 mark.
• Short-term range appears to be Strong Bearish.
• GBPUSD continues to remain above the 1.2700 levels.
• Average true range ATR is indicating high market volatility.

GBPUSD is now trading above its Pivot levels of 1.2692 and is moving into a Strong Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2685 and is now moving towards its next target of 1.2701 which is a Price 2 Standard Deviations Support.
We are also looking for the breach of the levels of 1.2675 which is a 38.2% Retracement From 13 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]

EURUSD Technical Analysis – 07th AUG, 2024

EURUSD – Aroon Indicator Bullish Trend

EURUSD was unable to continue its bearish momentum and after touching a low of 1.0904 the prices have started correcting upwards against the United States dollar.
The resistance of the channel is also broken in the 15-minutes timeframe.
We can see the formation of Bullish trend reversal: Moving Average 50 MA50 in the weekly timeframe.

The Momentum indicator is also back over zero in the 2-hourly timeframe.
The MACD crosses UP its Moving Average in the 1-hourly timeframe.
The Aroon indicator is giving bullish trend in the 30-minutes timeframe.

Some of the technical indicators are also giving a neutral stance in the markets which means that the prices are in the consolidation phase now.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.0904 mark.
• Short-term range appears to be Neutral.
• EURUSD continues to remain above the 1.0910 levels.
• Average true range ATR is indicating less market volatility.

The next resistance is located at 1.0920 which is a 38.2% Retracement From 4 Week High.
EURUSD is now trading just below its Pivot levels of 1.0921 and is moving into a Consolidation channel.
The price of EURUSD remains above its Classic support levels of 1.0899 and is moving towards its next target of 1.0939 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]

GBPUSD Technical Analysis – 07th AUG, 2024

GBPUSD – MACD Indicator: Bullish Divergence

GBPUSD was unable to continue its bearish momentum and after forming a low of 1.2672 the prices started to correct upwards against the US dollar.
The MACD Indicator is giving a Bullish Divergence signal in the 4-hourly timeframe.
The RSI indicator is also giving a Bullish Divergence signal in the daily timeframe.

The prices of GBPUSD are ranging near the horizontal support in the 15-minutes timeframe.
Some of the technical indicators are also giving a neutral stance in the markets which indicates the presence of the consolidation wave in the markets.
The prices of GBPPUSD are ranging near a Near a new HIGH record of 1 year.

GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish reversal seen above the 1.2672 mark.
• Short-term range appears to be Neutral.
• GBPUSD continues to remain above the 1.2700 levels.
• Average true range ATR is indicating less market volatility.

GBPUSD is now trading near to its Pivot levels of 1.2703 and is moving into a Consolidation channel.
The price of GBPUSD is above its Classic support levels of 1.2691 and is now moving towards its next target of 1.2722 which is a Pivot Point.
We are also looking for the breach of the levels of 1.2740 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

EURUSD Technical Analysis – 09th AUG, 2024

EURUSD – Ichimoku - Bullish Crossover: Tenkan & Kijun

EURUSD was unable to continue its bearish momentum and after touching a low of 1.0880 the prices have started correcting upwards against the United States dollar.
The resistance of the channel is also broken in the weekly timeframe.
We can see the formation of Ichimoku - Bullish crossover: Tenkan & Kijun in the 1-hourly timeframe.
We have also detected Bullish trend reversal: Moving Average 50 in the weekly timeframe.

The prices of EURUSD are ranging near the support of the channel in the 15-minutes timeframe.
Some of the technical indicators are also giving a neutral stance in the markets which means that the prices are in the consolidation phase now.
EURUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.0880 mark.
• Short-term range appears to be Neutral.
• EURUSD continues to remain above the 1.0910 levels.
• Average true range ATR is indicating less market volatility.

The next resistance is located at 1.0920 which is a 38.2% Retracement From 4 Week High.
EURUSD is now trading just below its Pivot levels of 1.0924 and is moving into a Consolidation channel.
The price of EURUSD remains above its Classic support levels of 1.0910 and is moving towards its next target of 1.0939 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]

GBPUSD Technical Analysis – 09th AUG, 2024

GBPUSD – Ichimoku: Price is over the Cloud

GBPUSD was unable to continue its bearish momentum and after forming a low of 1.2660 the prices started to correct upwards against the US dollar.
The Ichimoku: Price is over the Cloud in the 2-hourly timeframe.
We can see the formation of Bullish trend reversal: Moving Average 50 in the daily timeframe.
The prices of GBPUSD are ranging Near support of channel in the weekly timeframe.

The Resistance of channel is broken in the 1-hourly timeframe.
The MACD crosses UP its Moving Average in the 30-minutes 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 1.2660 mark.
• Short-term range appears to be Bullish.
• GBPUSD continues to remain above the 1.2750 levels.
• Average true range ATR is indicating less market volatility.

GBPUSD is now trading below its Pivot levels of 1.2765 and is moving into a Consolidation channel.
The price of GBPUSD is above its Classic support levels of 1.2746 and is now moving towards its next target of 1.2768 at which the Price Crosses 9 Day Moving Average.
We are also looking for the breach of the levels of 1.2773 which is a 50% Retracement From 13 Week High/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]

EURUSD Technical Analysis – 12th AUG, 2024
EURUSD – Resistance of Channel is Broken

EURUSD was unable to continue its bearish momentum and after touching a low of 1.0909 the prices have started correcting upwards against the United States dollar.
The resistance of the channel is also broken in the 1-hourly timeframe.
We can see the formation of Moving Average bullish crossovers: MA20 & MA50 in the 2-hourly timeframe.
The Aroon indicator is also giving a bullish trend in the 4-hourly timeframe.

We have also seen the presence of the Bullish engulfing lines in the weekly timeframe.
Some of the technical indicators are also giving a neutral stance in the markets which means that the prices are in the consolidation phase now.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.0909 mark.
• Short-term range appears to be Neutral.
• EURUSD continues to remain above the 1.0925 levels.
• Average true range ATR is indicating high market volatility.

The next resistance is located at 1.0939 which is a 14-3 Day Raw Stochastic at 70%.
EURUSD is now trading just below its Pivot levels of 1.0930 and is moving into a Consolidation channel.
The price of EURUSD remains above its Classic support levels of 1.0914 and is moving towards its next target of 1.0940 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

GBPUSD Technical Analysis – 12th AUG, 2024
GBPUSD – Parabolic SAR Indicator Bullish Reversal

GBPUSD was unable to continue its bearish momentum and after forming a low of 1.2746 the prices started to correct upwards against the US dollar.
The Parabolic SAR Indicator is also giving a Bullish Reversal signal in the daily timeframe.
We have also seen a Bullish opening of the markets this week.

The prices of GBPUSD are ranging Near horizontal support in the weekly timeframe.
The Resistance of channel is broken in the 1-hourly timeframe.
The MACD crosses UP its Moving Average in the 30-minutes timeframe.

GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish reversal seen above the 1.2746 mark.
• Short-term range appears to be Bullish.
• GBPUSD continues to remain above the 1.2750 levels.
• Average true range ATR is indicating high market volatility.

GBPUSD is now trading below its Pivot levels of 1.2763 and is moving into a Consolidation channel.
The price of GBPUSD is above its Classic support levels of 1.2743 and is now moving towards its next target of 1.2776 which is a 50% Retracement From 13 Week High/Low.
We are also looking for the breach of the levels of 1.2796 at which the Price Crosses 40 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]

AUDUSD Technical Analysis – 15th AUG, 2024
AUDUSD – Bearish Trend Reversal Pattern

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6633 the prices started to decline sharply against the United States dollar in the London trading session.
We can see the formation of a Bearish Trend Reversal Pattern with the Adaptive Moving average AMA20 AMA50 and AMA100 in the 30-minutes timeframe.
The Ichimoku: price is under the cloud in the 30-minutes timeframe.
The MACD crosses DOWN its Moving Average in the 1-hourly timeframe.

The Parabolic SAR indicator is also giving a bearish reversal signal in the 1-hourly timeframe.
The RSI indicator: bearish divergence is also seen in the 2-hourly timeframe.
The MACD indicator: bearish divergence is visible in the 4-hourly timeframe.

AUDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6633 mark.
• Short-term range appears to be Strong Bearish.
• AUDUSD continues to remain above the 0.6600 levels.
• Average true range ATR is indicating high market volatility.


The next support is located at 0.6598 which is a 14 Day RSI at 50%.
AUDUSD is now trading below its Pivot levels of 0.6614 and is moving into a Strong Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6568 and is moving towards its next target of 0.6584 which is a 14-3 Day Raw Stochastic at 80%.

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 – 15th AUG, 2024
EURUSD – Bearish Price Crossover Pattern

EURUSD was unable to continue its bullish momentum and after touching a high of 1.1023 the prices started to decline sharply against the United States dollar in the London trading session.
We can see the formation of a Bearish Price Crossover Pattern with the Adaptive Moving average AMA20 in the 15-minutes timeframe.
The Aroon indicator is also giving a bearish trend in the 15-minutes timeframe.

We can see the formation of Ichimoku - Bearish crossover: Tenkan & Kijun also in the 15-minutes timeframe.
The MACD indicator: bearish divergence is seen in the 15-minutes timeframe.
We have also seen the formation of a Long black line and Black Marubozu in the 15-minutes timeframe.

The SuperTrend indicator is also giving a bearish reversal signal in the 1-hourly timeframe.
EURUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.1023 mark.
• Short-term range appears to be Strong Bearish.
• EURUSD continues to remain above the 1.0950 levels.
• Average true range ATR is indicating high market volatility.

The next support is located at 1.0947 at which the Price Crosses 9 Day Moving Average.
EURUSD is now trading below its Pivot levels of 1.1012 and is moving into a Strong Bearish channel.
The price of EURUSD remains below its Classic support levels of 1.1005 and is moving towards its next target of 1.0912 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