Daily Market Analytics - Forex

[FXOpen Trader]

GBPUSD Technical Analysis – 28th AUG, 2024
GBPUSD – Support of Channel is Broken

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.3265 the prices started to decline sharply against the United States Dollar in the European Trading session today.
The Support of channel is broken in the 15-minutes timeframe.
We can see the formation of Bearish Harami pattern in the 15-minutes timeframe.

We have also detected the Bearish Harami cross in the 15-minutes timeframe.
The Support of channel is broken in the 1-hourly 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 a new LOW record of 1 month.

GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.3265 mark.
• Short-term range appears to be Mild Bearish.
• GBPUSD continues to remain above the 1.3200 levels.
• Average true range ATR is indicating high market volatility.

GBPUSD is now trading near to its Pivot levels of 1.3199 and is moving into a Mild Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.3177 and is now moving towards its next target of 1.3205 which is a Pivot Point 1st Support Point.
We are also looking for the breach of the levels of 1.3198 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

NZDUSD Technical Analysis – 28th AUG, 2024
NZDUSD – Bearish Price Crossover Pattern

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6251 the prices started to decline sharply against the United States Dollar today in the European Trading session.
We can see the formation of Bearish price crossover with Moving Average 50 in the 30-minutes timeframe.
The Momentum indicator is back under zero in the 1-hourly timeframe.

The prices of NZDUSD are ranging Near horizontal resistance in the daily 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.
NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.6251 mark.
• Short-term range appears to be Mild Bearish.
• NZDUSD continues to remain above the 0.6240 levels.
• Average true range ATR is indicating less market volatility.

The next support is located at 0.6213 which is a Pivot Point 1st Support Point.
NZDUSD is now trading near to its Pivot levels of 0.6245 and is moving into a Mild Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.6224 and is now moving towards its next target of 0.6206 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

AUDUSD Technical Analysis – 30th AUG, 2024
AUDUSD – Moving Average Bearish Crossovers

AUDUSD was unable to sustain its bullish momentum and after touching a high of 0.6815 the prices started to decline sharply against the United States Dollar in the European Trading session today.
We can see Moving Average bearish crossovers: MA50 & MA100 in the 30-minutes timeframe.
The Support of channel is broken in the 1-hourly timeframe.

We have also detected Moving Average bearish crossovers: AMA20 & AMA50 in the 4-hourly timeframe.
A Bearish price crossover with adaptative moving average 50 is seen in the weekly timeframe.
We can see Bearish Harami pattern formation in the weekly timeframe.

The prices of AUDUSD are ranging Near horizontal resistance in the monthly timeframe.
AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6815 mark.
• Short-term range appears to be Mild Bearish.
• AUDUSD continues to remain above the 0.6750 levels.
• Average true range ATR is indicating high market volatility.

The next support is located at 0.6758 which is a Pivot Point 2nd Support Point.
AUDUSD is now trading near to its Pivot levels of 0.6758 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6737 and is moving towards its next target of 0.6746 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]

EURUSD Technical Analysis – 30th AUG, 2024
EURUSD – MACD crosses DOWN its Moving Average

EURUSD was unable to continue its bullish momentum and after touching a high of 1.1094 the prices started to decline sharply against the United States dollar in the European Trading session.
We can see that MACD crosses DOWN its Moving Average in the 2-hourly timeframe.
We have also seen Bearish trend reversal: adaptative moving average 100 in the 4-hourly timeframe.

The prices of EURUSD are ranging Near horizontal resistance in the weekly timeframe.
We can see the formation of a Bearish Harami pattern 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 of EURUSD are ranging near horizontal resistance in the monthly 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 1.1094 mark.
• Short-term range appears to be Mild Bearish.
• EURUSD continues to remain above the 1.1050 levels.
• Average true range ATR is indicating high market volatility.

The next support is located at 1.1042 which is a Pivot Point 1st Support Point.
EURUSD is now trading above its Pivot levels of 1.1051 and is moving into a Mild Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.1026 and is moving towards its next target of 1.1022 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

GBPUSD Technical Analysis – 30th AUG, 2024
GBPUSD – Parabolic SAR Indicator Bearish Reversal

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.3199 the prices started to decline sharply against the United States Dollar in the European Trading session today.
The Parabolic SAR indicator bearish reversal is seen in the 15-minutes timeframe.
We can also see Bearish price crossover with adaptative moving average 20 in the 15-minutes timeframe.
The Support of channel is broken in the 1-hourly timeframe.

The prices of GBPUSD are ranging Near horizontal resistance in the weekly 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 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 1.3199 mark.
• Short-term range appears to be Mild Bearish.
• GBPUSD continues to remain above the 1.3100 levels.
• Average true range ATR is indicating high market volatility.

GBPUSD is now trading near to its Pivot levels of 1.3128 and is moving into a Mild Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.3103 and is now moving towards its next target of 1.3115 which is a 14-3 Day Raw Stochastic at 70%.
We are also looking for the breach of the levels of 1.3090 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]

NZDUSD Technical Analysis – 30th AUG, 2024
NZDUSD – Bearish Price Crossover Pattern

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6270 the prices started to decline sharply against the United States Dollar today in the European Trading session.
We can see the formation of Bearish price crossover with Moving Average 20 in the 30-minutes timeframe.
The Support of channel is broken in the 1-hourly timeframe.

We have also seen the formation of Bearish price crossover with adaptative moving average 20 in the 2-hourly timeframe.
The prices of GBPUSD are ranging Near resistance of channel in the daily 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.

NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.6270 mark.
• Short-term range appears to be Mild Bearish.
• NZDUSD continues to remain above the 0.6240 levels.
• Average true range ATR is indicating high market volatility.

The next support is located at 0.6233 which is a 14-3 Day Raw Stochastic at 80%.
NZDUSD is now trading near to its Pivot levels of 0.6249 and is moving into a Mild Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.6240 and is now moving towards its next target of 0.6227 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

AUDUSD Technical Analysis – 03rd SEP, 2024
AUDUSD – Support of Channel is Broken

AUDUSD was unable to sustain its bullish momentum and after touching a high of 0.6793 the prices started to decline sharply against the United States Dollar in the European Trading session today.
The Parabolic SAR indicator bearish reversal is seen in the daily timeframe.
The Support of channel is broken in the 1-hourly timeframe.

We have also detected MACD indicator: bearish divergence in the daily timeframe.
We can also see the formation of a Bearish price crossover with adaptative moving average 100 in the weekly timeframe.
The CCI indicator: bearish divergence is also seen in the weekly timeframe.

The Horizontal support is broken in the daily timeframe.
AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6793 mark.
• Short-term range appears to be Mild Bearish.
• AUDUSD continues to remain above the 0.6730 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 0.6728 which is a Pivot Point 3rd Support Point.
AUDUSD is now trading near to its Pivot levels of 0.6733 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6723 and is moving towards its next target of 0.6711 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]

NZDUSD Technical Analysis – 03rd SEP, 2024
NZDUSD – Bearish Trend Reversal Pattern

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6235 the prices started to decline sharply against the United States Dollar today in the European Trading session.
We can see the formation of Bearish trend reversal: Moving Average 20 in the 15-minutes timeframe.
The MACD crosses DOWN its Moving Average in the 15-minutes timeframe.
We have also seen the formation of Bearish trend reversal: adaptative moving average 20 in the 30-minutes timeframe.

The Support of channel is broken in the 1-hourly timeframe.
The Parabolic SAR indicator bearish reversal is also visible in the 1-hourly timeframe.
We have also detected the formation of Moving Average bearish crossovers: MA50 & MA100 in the daily timeframe.

The prices of NZDUSD are ranging near horizontal resistance 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 0.6235 mark.
• Short-term range appears to be Mild Bearish.
• NZDUSD continues to remain above the 0.6180 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 0.6184 which is a Pivot Point 3rd Support Point.
NZDUSD is now trading below its Pivot levels of 0.6200 and is moving into a Mild Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.6182 and is now moving towards its next target of 0.6157 at which the Price Crosses 9 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]

EURUSD Technical Analysis – 03rd SEP, 2024
EURUSD – Bearish Price Crossover Pattern

EURUSD was unable to continue its bullish momentum and after touching a high of 1.1072 the prices started to decline sharply against the United States dollar in the European Trading session.
We can see Bearish price crossover with adaptative moving average 100 in the 30-minutes timeframe.
The price of EURUSD is back under the pivot point in the 15-minutes timeframe.

We can also see the formation of Bearish price crossover with Moving Average 100 in the 15-minutes timeframe.
The Ichimoku: price is under the cloud in the 30-minutes 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.

The prices of EURUSD are ranging Near a new LOW record of 1 month.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.1072 mark.
• Short-term range appears to be Mild Bearish.
• EURUSD continues to remain above the 1.1040 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 1.1050 which is a Pivot Point 1st Support Point.
EURUSD is now trading above its Pivot levels of 1.1037 and is moving into a Mild Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.1021 and is moving towards its next target of 1.1041 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]

GBPUSD Technical Analysis – 03rd SEP, 2024
GBPUSD – Bearish Trend Reversal Pattern

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.3148 the prices started to decline sharply against the United States Dollar in the European Trading session today.
The Bearish trend reversal: adaptative moving average 50 is seen in the 15-minutes timeframe.
We can also see Bearish price crossover with adaptative moving average 100 in the 15-minutes timeframe.
The RSI indicator: bearish divergence is visible in the 15-minutes timeframe.

The Ichimoku: price is under the cloud in the 30-minutes timeframe.
The price of GBPUSD is back under the pivot point in the 30-minutes timeframe.
The Support of channel is broken in the 1-hourly timeframe.
The Parabolic SAR indicator bearish reversal is seen in the daily timeframe.

GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.3148 mark.
• Short-term range appears to be Mild Bearish.
• GBPUSD continues to remain above the 1.3090 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading below its Pivot levels of 1.3130 and is moving into a Mild Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.3085 and is now moving towards its next target of 1.3091 which is a Pivot Point 3rd Support Point.
We are also looking for the breach of the levels of 1.3089 at which the Price Crosses 9 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