Daily Market Analytics - Forex

[FXOpen Trader]

GBPUSD Technical Analysis – 15th AUG, 2024
GBPUSD – Bearish Price Crossover Pattern

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2868 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 and AMA50 in the 15-minutes timeframe.
The MACD indicator: bearish divergence is seen in the 15-minutes timeframe.

We can see the formation of a Long black line and Black Marubozu pattern in the 15-minutes timeframe.
The MACD crosses DOWN its Moving Average in the 30-minutes timeframe.
The Parabolic SAR indicator bearish reversal is also seen in the 30-minutes timeframe.
The SuperTrend indicator bearish reversal is also visible in the 30-minutes timeframe.

GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.2868 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.2800 levels.
• Average true range ATR is indicating high market volatility.

GBPUSD is now trading below its Pivot levels of 1.2833 and is moving into a Strong Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2737 and is now moving towards its next target of 1.2790 which is a Pivot Point 2nd Support Point.
We are also looking for the breach of the levels of 1.2777 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]

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

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6014 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 and AMA50 in the 30-minutes timeframe.
The Ichimoku: price is under the cloud in the 2-hourly timeframe.
MACD indicator is back under zero in the 4-hourly timeframe.

The prices of NZDUSD are ranging Near resistance of triangle in the weekly timeframe.
We have also seen the formation of a Black gravestone / inverted hammer and Bearish Harami patterns in the weekly timeframe.
The prices of NZDUSD are ranging Near resistance of channel in the 1-hourly timeframe.

NZDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.6014 mark.
• Short-term range appears to be Strong Bearish.
• NZDUSD continues to remain above the 0.5980 levels.
• Average true range ATR is indicating high market volatility.

The next support is located at 0.5978 at which the Price Crosses 18 Day Moving Average Stalls.
NZDUSD is now trading below its Pivot levels of 0.5994 and is moving into a Strong Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5961 and is moving towards its next target of 0.5973 which is a 50% Retracement From 4 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]

AUDUSD Technical Analysis – 21st AUG, 2024
AUDUSD – Bullish Price Crossover Pattern

AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6595 on 15th Aug the prices have started to rise upwards against the United States dollar in the London trading session today.
We can see the formation of a Bullish price crossover with adaptative moving average 50 in the 30-minutes timeframe.
The Resistance of channel is broken in the daily timeframe.

The MACD crosses UP its Moving Average in the weekly timeframe.
The Parabolic SAR indicator is giving a bullish reversal signal in the weekly timeframe.
The prices are ranging Near support of triangle in the monthly timeframe.

The levels of AUDUSD are ranging near a New HIGH record of 1 month.
AUDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bullish reversal seen above the 0.6595 mark.
• Short-term range appears to be Strong Bullish.
• AUDUSD continues to remain above the 0.6700 levels.
• Average true range ATR is indicating less market volatility.

The next resistance is located at 0.6752 which is a 1-Month High.
AUDUSD is now trading near to its Pivot levels of 0.6738 and is moving into a Strong Bullish channel.
The price of AUDUSD remains above its Classic support levels of 0.6726 and is moving towards its next target of 0.6759 which is a Pivot Point 1st Resistance 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

EURUSD Technical Analysis – 21st AUG, 2024
EURUSD – Bullish Trend Reversal Pattern

EURUSD was unable to continue its bearish momentum and after touching a low of 1.0949 on 15th Aug the prices have started to rise upwards touching a high of 1.1131 today in the London trading session.
We can see the formation of a Bullish Trend Reversal Pattern with the Adaptive moving average AMA20 in the 30-minutes 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 bearish trend signal which indicates the presence of the consolidation wave present in the markets.
The resistance of the channel is broken in the daily timeframe.
The prices of EURUSD are ranging near new high record of 1 month.

EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.0949 mark.
• Short-term range appears to be Strong Bullish.
• EURUSD continues to remain above the 1.1100 levels.
• Average true range ATR is indicating less market volatility.

The next resistance is located at 1.1132 which is a 1-Month High.
EURUSD is now trading near to its Pivot levels of 1.1117 and is moving into a Strong Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.1105 and is moving towards its next target of 1.1149 which is a Pivot Point 1st Resistance 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

GBPUSD Technical Analysis – 21st AUG, 2024
GBPUSD – Resistance of Channel is Broken

GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2798 on 15th Aug the prices have started to rise upwards against the United States dollar in the London trading session.
The Resistance of Channel is Broken in the daily timeframe.
The Parabolic SAR indicator is giving a bullish reversal signal in the weekly timeframe.

The MACD indicator is back over zero in the 15-minutes timeframe, which indicates the presence of a bullish trend.
The prices of GBPUSD are ranging Near the horizontal support in the 1-hourly timeframe.
We can see the formation of a Bullish trend reversal: adaptative moving average 20 in the 1-hourly timeframe.

The Price is back over the pivot point in the 4-hourly timeframe.
GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish reversal seen above the 1.2798 mark.
• Short-term range appears to be Bullish.
• GBPUSD continues to remain above the 1.3000 levels.
• Average true range ATR is indicating less market volatility.

GBPUSD is now trading above its Pivot levels of 1.3016 and is moving into a Strong Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.3008 and is now moving towards its next target of 1.3052 which is a 1-Month High.
We are also looking for the breach of the levels of 1.3066 which is a Pivot Point 1st Resistance 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

NZDUSD Technical Analysis – 21st AUG, 2024
NZDUSD – Bullish Trend Reversal Pattern

NZDUSD was unable to continue its bearish momentum and after touching a low of 0.5974 the prices started to correct upwards against the United States dollar in the London trading session today.
We can see the formation of a Bullish trend reversal: adaptative moving average 20 in the weekly timeframe.
The MACD crosses UP its Moving Average in the weekly timeframe.

The Parabolic SAR indicator is also giving a bullish reversal signal in the weekly timeframe.
The Ichimoku: price is over the cloud in the weekly timeframe.
We have also seen the formation of a Three white soldiers pattern in the weekly timeframe.

The Resistance of channel is broken in the weekly timeframe.
NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bullish reversal seen above the 0.5974 mark.
• Short-term range appears to be Strong Bullish.
• NZDUSD continues to remain above the 0.6100 levels.
• Average true range ATR is indicating less market volatility.

The next resistance is located at 0.6163 which is a 1-Month High.
NZDUSD is now trading below its Pivot levels of 0.6141 and is moving into a Strong Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.6131 and is now moving towards its next target of 0.6171 which is a Pivot Point 1st Resistance 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

AUDUSD Technical Analysis – 22nd AUG, 2024
AUDUSD – Bearish Trend Reversal Pattern

AUDUSD was unable to sustain its bullish momentum and after touching a high of 0.6760 the prices started to decline against the United States dollar in the European Trading session today.
We can see the formation of a Bearish trend reversal: adaptative moving average 20 in the 2-hourly timeframe.
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 prices of AUDUSD are ranging near resistance of triangle in the weekly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance which indicates the presence of the consolidation wave in the markets.

AUDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6760 mark.
• Short-term range appears to be Mild 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 0.6712 which is a Price 1 Standard Deviation Support.
AUDUSD is now trading below its Pivot levels of 0.6731 and is moving into a Mild Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6715 and is moving towards its next target of 0.6699 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 – 22nd AUG, 2024
EURUSD – Parabolic SAR Indicator Bearish Reversal

EURUSD was unable to sustain its bullish momentum and after touching a high of 1.1173 the prices started to decline against the United States dollar today in the European trading session.
The Parabolic SAR Indicator is giving a Bearish Reversal signal in the 2-hourly timeframe.
We can see the formation of a Bearish price crossover with adaptative moving average 50 in the 1-hourly timeframe.

The Resistance of channel is broken in both the daily and weekly timeframes.
The MACD crosses DOWN its Moving Average in the 15-minutes timeframe which is indicative of the bearish trends.
The RSI indicator is back under 50 in the 1-hourly timeframe.

The prices of EURUSD are ranging near horizontal resistance in the daily timeframe.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.1173 mark.
• Short-term range appears to be Mild Bearish.
• EURUSD continues to remain above the 1.1100 levels.
• Average true range ATR is indicating less market volatility.

The next support is located at 1.1120 which is a 14 Day RSI at 70%.
EURUSD is now trading near to its Pivot levels of 1.1138 and is moving into a Mild Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.1118 and is moving towards its next target of 1.1108 which is a Pivot Point 1st 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

GBPUSD Technical Analysis – 22nd AUG, 2024
GBPUSD – Bearish Price Crossover Pattern

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.3127 the prices have started to decline against the United States dollar in the US Trading session.
We can see Bearish price crossover with adaptative moving average 20 in the 15-minutes timeframe.
The MACD crosses DOWN its Moving Average in the 30-minutes timeframe.

The CCI indicator: bearish divergence is seen in the 30-minutes timeframe.
We have also detected the MACD indicator: bearish divergence in the 30-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 GBPUSD are ranging near resistance of channel 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 1.3127 mark.
• Short-term range appears to be Mild Bearish.
• GBPUSD continues to remain above the 1.3075 levels.
• Average true range ATR is indicating less market volatility.

GBPUSD is now trading below its Pivot levels of 1.3113 and is moving into a Mild Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.3083 and is now moving towards its next target of 1.3089 at which the Price Crosses 18-40 Day Moving Average.
We are also looking for the breach of the levels of 1.3088 which is a 14 Day RSI 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]

NZDUSD Technical Analysis – 22nd AUG, 2024
NZDUSD – Bearish Trend Reversal Pattern

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6177 the prices started to decline against the United States dollar in the US Trading session today.
We can see the formation of a Bearish trend reversal: adaptative moving average 100 in the 30-minutes timeframe.
The SuperTrend indicator is giving a bearish reversal signal in the 30-minutes timeframe.

The Support of channel is broken in the 1-hourly timeframe.
The Parabolic SAR indicator is giving a bearish reversal signal in the 2-hourly timeframe.
The Horizontal support is broken in the daily timeframe.

The RSI indicator: bearish divergence is seen in the daily timeframe.
NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.6177 mark.
• Short-term range appears to be Mild Bearish.
• NZDUSD continues to remain above the 0.6100 levels.
• Average true range ATR is indicating less market volatility.

The next support is located at 0.6133 which is a Pivot Point 1st Support Point.
NZDUSD is now trading below its Pivot levels of 0.6146 and is moving into a Mild Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.6113 and is now moving towards its next target of 0.6112 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