Daily Market Analytics - Forex

[FXOpen Trader]

AUDUSD Technical Analysis – 05th SEP, 2024
AUDUSD – Bullish Trend Reversal Pattern

AUDUSD was unable to sustain its bearish momentum and after touching a low of 0.6708 the prices started to rise upwards against the United States Dollar in the European Trading session today.
We can see Bullish trend reversal: adaptative moving average 100 in the 30-minutes timeframe.
The MACD crosses UP its Moving Average in the 30-minutes timeframe.
We have also detected Bullish price crossover with adaptative moving average 50 in the 1-hourly timeframe.

The Parabolic SAR indicator bullish reversal is seen in the 1-hourly timeframe.
We can see the formation of Bullish engulfing lines in the 1-hourly timeframe.
The price of AUDUSD is back over the pivot point in the daily timeframe.

AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bullish reversal seen above the 0.6708 mark.
• Short-term range appears to be Mild Bullish.
• AUDUSD continues to remain above the 0.6720 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.6753 which is a Pivot Point 1st Resistance Point.
AUDUSD is now trading above its Pivot levels of 0.6718 and is moving into a Mild Bullish channel.
The price of AUDUSD remains above its Classic support levels of 0.6707 and is moving towards its next target of 0.6759 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 – 05th SEP, 2024
EURUSD – Bullish Price Crossover Pattern

EURUSD was unable to continue its bearish momentum and after touching a low of 1.1065 the prices started to rise upwards against the United States Dollar in the European Trading session.
We can see Bullish price crossover with adaptative moving average 20 in the 15-minutes timeframe.
The MACD crosses UP its Moving Average in the 15-minutes timeframe.
We can also see Parabolic SAR indicator bullish reversal in the 15-minutes timeframe.

We have also detected Bullish trend reversal: Moving Average 50 in the 30-minutes timeframe.
The SuperTrend indicator bullish reversal is visible in the 4-hourly timeframe.
The price of EURUSD is back over the pivot point in the weekly timeframe.

EURUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.1065 mark.
• Short-term range appears to be Mild Bullish.
• EURUSD continues to remain above the 1.1090 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.1105 which is a Pivot Point 1st Resistance Point.
EURUSD is now trading above its Pivot levels of 1.1099 and is moving into a Mild Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.1073 and is moving towards its next target of 1.1123 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

GBPUSD Technical Analysis – 05th SEP, 2024
GBPUSD – Bullish Engulfing Lines

GBPUSD was unable to continue its bearish momentum and after touching a low of 1.3127 the prices started to rise upwards against the United States Dollar in the European Trading session today.
We can see the formation of Bullish engulfing lines in the 1-hourly timeframe.
We can also see Bullish price crossover with Moving Average 100 in the 2-hourly timeframe.
The SuperTrend indicator bullish reversal is visible in the 4-hourly timeframe.

We can also see the formation of Ichimoku - Bullish crossover: Tenkan & Kijun in the 4-hourly timeframe.
We have also detected the formation of Bullish Harami pattern in the weekly timeframe.
Some of the technical indicators are also giving a Neutral stance of the markets.

GBPUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving average.
• Pound Bullish reversal seen above the 1.3127 mark.
• Short-term range appears to be Mild Bullish.
• GBPUSD continues to remain above the 1.3150 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading below its Pivot levels of 1.3164 and is moving into a Mild Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.3137 and is now moving towards its next target of 1.3168 at which the Price Crosses 9 Day Moving Average.
We are also looking for the breach of the levels of 1.3180 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.

For in-depth analysis, please check FXOpen Blog

 

[FXOpen Trader]

NZDUSD Technical Analysis – 05th SEP, 2024
NZDUSD – Bullish Trend Reversal Pattern

NZDUSD was unable to continue its bearish momentum and after touching a low of 0.6176 the prices started to rise upwards against the United States Dollar in the European Trading session today.
We can see Bullish trend reversal: adaptative moving average 50 in the 2-hourly timeframe.
The Parabolic SAR indicator bullish reversal is seen in the 2-hourly timeframe.

We have also detected Bullish price crossover with adaptative moving average 100 in the 4-hourly timeframe.
We can see Aroon indicator bullish trend in the 4-hourly timeframe.
The Horizontal resistance is broken in the daily timeframe.
The Resistance of channel is broken in the weekly timeframe.

We have also detected Moving Average bullish crossovers: MA20 & MA50 in the weekly timeframe.
NZDUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Kiwi Bullish reversal seen above the 0.6176 mark.
• Short-term range appears to be Mild Bullish.
• NZDUSD continues to remain above the 0.6200 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.6224 which is a Price 1 Standard Deviation Resistance.
NZDUSD is now trading above its Pivot levels of 0.6216 and is moving into a Mild Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.6195 and is now moving towards its next target of 0.6234 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]

AUDUSD Technical Analysis – 09th SEP, 2024
AUDUSD – Price is back under the Pivot Point

AUDUSD was unable to sustain its bullish momentum and after touching a high of 0.6766 the prices started to decline against the United States Dollar on Friday and today in the European Trading session.
We can see Price is back under the Pivot Point in the 2-hourly timeframe.
We can see Bearish trend reversal: adaptative moving average 20 in the daily timeframe.
We have also detected Bearish trend reversal: adaptative moving average 100 in the weekly timeframe.

The prices of AUDUSD are ranging Near resistance of channel in the monthly timeframe.
We see that the AUDUSD is ranging Near resistance of channel in the weekly timeframe.
The price of Aussie is Near a new LOW record (1st January) 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 0.6766 mark.
• Short-term range appears to be Strong Bearish.
• AUDUSD continues to remain above the 0.6650 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6653 at which the Price Crosses 40 Day Moving Average.
AUDUSD is now trading near to its Pivot levels of 0.6659 and is moving into a Strong Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6645 and is moving towards its next target of 0.6641 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]

EURUSD Technical Analysis – 09th SEP, 2024
EURUSD – Horizontal Support is Broken

EURUSD was unable to continue its bullish momentum and after touching a high of 1.1146 the prices started to decline against the United States Dollar on Friday and today in the European Trading session.
We can see that the Horizontal support is broken in the 1-hourly timeframe.
We have seen Bearish trend reversal: adaptative moving average 100 in the 4-hourly timeframe.
The MACD indicator is back under zero in the 4-hourly timeframe.

We have also detected Bearish price crossover with Moving Average 20 in the daily timeframe.
The Aroon indicator bearish trend is visible in the daily timeframe.
The price of EURUSD is ranging Near resistance of channel in the weekly timeframe.
We have also detected the formation of Bearish Harami pattern in the weekly timeframe.

EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.1146 mark.
• Short-term range appears to be Strong Bearish.
• EURUSD continues to remain above the 1.1040 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 1.1037 which is a Price 3 Standard Deviations Support.
EURUSD is now trading below its Pivot levels of 1.1052 and is moving into a Strong Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.1023 and is moving towards its next target of 1.1021 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 – 09th SEP, 2024
GBPUSD – Support of Channel is Broken

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.3233 the prices started to decline sharply against the United States Dollar on Friday and today in the European Trading session.
We can see that the Support of channel is broken in the 1-hourly timeframe.
We can also see Bearish trend reversal: Moving Average 20 in the 4-hourly timeframe.
The Momentum indicator is back under zero in the daily timeframe.

We can also see the Bearish price crossover with Moving Average 20 in the daily timeframe.
The prices of GBPUSD are ranging Near horizontal resistance in the weekly timeframe.
We have also seen Bearish opening of the markets this week.
The prices of GBPUSD are ranging Near a new LOW record (1 month) 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 1.3233 mark.
• Short-term range appears to be Strong Bearish.
• GBPUSD continues to remain above the 1.3070 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading below its Pivot levels of 1.3092 and is moving into a Strong Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.3068 and is now moving towards its next target of 1.3062 which is a 14-3 Day Raw Stochastic at 30%.
We are also looking for the breach of the levels of 1.3038 which is a 14 Day RSI 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]

NZDUSD Technical Analysis – 09th SEP, 2024
NZDUSD – Support of Channel is Broken

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6253 the prices started to decline sharply against the United States Dollar on Friday and today in the European Trading session.
We can see that the Support of channel is broken in the daily timeframe.
We have seen Bearish price crossover with Moving Average 20 in the daily timeframe.
We have also detected Bearish price crossover with adaptative moving average 20 in the daily timeframe.
The RSI indicator is back under 50 in the daily timeframe.

The Momentum indicator is back under zero in the daily timeframe.
The prices of NZDUSD are ranging Near resistance of channel in the weekly timeframe.
We have also detected Bearish price crossover with adaptative moving average 50 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 0.6253 mark.
• Short-term range appears to be Strong Bearish.
• NZDUSD continues to remain above the 0.6120 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6112 which is a Price 3 Standard Deviations Support.
NZDUSD is now trading below its Pivot levels of 0.6138 and is moving into a Strong Bearish channel.
The price of NZDUSD remains below its Classic support levels of 0.6132 and is now moving towards its next target of 0.6098 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]

AUDUSD Technical Analysis – 10th SEP, 2024
AUDUSD – Aroon Indicator Bullish Trend

AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6644 the prices started to rise upwards against the United States Dollar today in the European Trading session.
The Aroon indicator bullish trend is visible in the 2-hourly timeframe.
The price of AUDUSD is back over the pivot point in the 4-hourly timeframe.
The prices of AUDUSD are ranging Near support of channel in the daily timeframe.

The prices of AUDUSD are Near support of triangle in the monthly timeframe.
Some of the technical indicators are also giving a Neutral to Bearish stance in the markets which indicates the presence of the consolidation wave in the markets.
The price of Aussie is Near a new LOW record (1st January) in the weekly timeframe.

AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bullish reversal seen above the 0.6644 mark.
• Short-term range appears to be Mild Bullish.
• AUDUSD continues to remain above the 0.6650 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 0.6676 which is a Monthly High.
AUDUSD is now trading near to its Pivot levels of 0.6669 and is moving into a Mild Bullish channel.
The price of AUDUSD remains just above its Classic support levels of 0.6657 and is moving towards its next target of 0.6683 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 – 10th SEP, 2024
EURUSD – CCI Indicator: Bullish Divergence

EURUSD was unable to continue its bearish momentum and after touching a low of 1.1027 the prices started to rise upwards against the United States Dollar today in the European Trading session.
We can see CCI indicator: bullish divergence in the 4-hourly timeframe.
The prices of EURUSD are ranging Near support of channel in the daily timeframe.
We can also see that the prices are Near horizontal support in the 15-minutes timeframe.

Some of the technical indicators are also giving a Neutral to Bearish stance of the markets which indicates the presence of the consolidation wave in the markets.
We have also detected that the prices are Near a new HIGH record (1 month) in the weekly timeframe.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.1027 mark.
• Short-term range appears to be Mild Bullish.
• EURUSD continues to remain above the 1.1030 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.1055 which is a 50% Retracement From 4 Week High/Low.
EURUSD is now trading near to its Pivot levels of 1.1034 and is moving into a Mild Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.1017 and is moving towards its next target of 1.1061 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