Daily Market Analytics - Forex

[FXOpen Trader]

AUDUSD Technical Analysis – 16th SEP, 2024
AUDUSD – Resistance of Channel is Broken

AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6697 the prices started to rise upwards against the United States Dollar today in the European Trading session.
We can see that the Resistance of channel is broken in the 1-hourly timeframe.
We can detect Bullish price crossover with Moving Average 20 in the daily timeframe.
We have also seen Bullish price crossover with adaptative moving average 20 in the daily timeframe.

The Parabolic SAR indicator bullish reversal is visible in the daily timeframe.
Some of the technical indicators are giving a Neutral to Bearish stance in the markets which indicates the presence of the consolidation wave in the markets.
We can see Aussie is Near a new HIGH record (1 year) in the weekly timeframe.

AUDUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Aussie Bullish reversal seen above the 0.6697 mark.
• Short-term range appears to be Strong Bullish.
• AUDUSD continues to remain above the 0.6740 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.6746 which is a 38.2% Retracement From 4 Week High.
AUDUSD is now trading near to its Pivot levels of 0.6744 and is moving into a Strong Bullish channel.
The price of AUDUSD remains just above its Classic support levels of 0.6727 and is moving towards its next target of 0.6755 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]

EURUSD Technical Analysis – 16th SEP, 2024
EURUSD – Bullish Price Crossover Pattern

EURUSD was unable to continue its bearish momentum and after touching a low of 1.1069 the prices started to rise upwards against the United States Dollar today in the European Trading session.
The prices of EURUSD are ranging Near support of channel in the 15-minutes timeframe.
We can see that the Resistance of channel is broken in the 1-hourly timeframe.
The Horizontal resistance is broken in the daily timeframe.

We can see the formation of Bullish price crossover with Moving Average 20 in the daily timeframe.
The Momentum indicator is back over zero in the daily timeframe.
The Williams percent range indicator is back over -50 in the daily timeframe, which is a bullish indication.

Some of the technical indicators are giving a Bearish to Neutral stance in the markets which indicates the presence of the consolidation wave in the markets.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.1069 mark.
• Short-term range appears to be Strong Bullish.
• EURUSD continues to remain above the 1.1120 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.1034 which is a 14-3 Day Raw Stochastic at 70%.
EURUSD is now trading near to its Pivot levels of 1.1122 and is moving into a Strong Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.1108 and is moving towards its next target of 1.1150 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 – 16th SEP, 2024
GBPUSD – Bullish Harami Cross Pattern

GBPUSD was unable to continue its bearish momentum and after touching a low of 1.3117 the prices started to rise upwards against the United States Dollar today in the European Trading session.
The prices of GBPUSD are ranging Near support of channel in the 15-minutes timeframe.
We have also detected Bullish Harami cross in the 15-minutes timeframe.

We can see that the Resistance of channel is broken in the 1-hourly timeframe.
We have seen Bullish price crossover with Moving Average 20 in the daily timeframe.
The Parabolic SAR indicator bullish reversal is visible in the daily timeframe.

The Momentum indicator is back over zero in the daily timeframe.
We have seen the formation of Bullish engulfing lines in the daily timeframe.
We can also see that the prices are Near a new HIGH record (1 year) in the weekly timeframe.
GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish reversal seen above the 1.3117 mark.
• Short-term range appears to be Strong Bullish.
• GBPUSD continues to remain above the 1.3200 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading near to is Pivot levels of 1.3197 and is moving into a Strong Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.3182 and is now moving towards its next target of 1.3213 which is a 14-3 Day Raw Stochastic at 80%.
We are also looking for the breach of the levels of 1.3220 which is a Price 3 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 – 16th SEP, 2024
NZDUSD – Bullish Price Crossover Pattern

NZDUSD was unable to continue its bearish momentum and after touching a low of 0.6149 the prices started to rise upwards against the United States Dollar today in the European Trading session.
We can see Bullish price crossover with adaptative moving average 20 in the 15-minutes timeframe.
The Resistance of channel is broken in the 1-hourly timeframe.
We have also detected Moving Average bullish crossovers: MA20 & MA50 in the 1-hourly timeframe.

We have seen Bullish price crossover with adaptative moving average 20 in the daily timeframe.
We have also seen Bullish opening of the markets this week.
The prices of NZDUSD are ranging Near a new HIGH record (1 year) in the weekly timeframe.

Some of the technical indicators are giving a Bearish 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 Bullish reversal seen above the 0.6149 mark.
• Short-term range appears to be Strong Bullish.
• NZDUSD continues to remain above the 0.6190 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.6199 which is a 38.2% Retracement From 4 Week High.
NZDUSD is now trading near to its Pivot levels of 0.6192 and is moving into a Strong Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.6178 and is now moving towards its next target of 0.6202 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]

AUDUSD Technical Analysis – 17th SEP, 2024
AUDUSD – Bearish Price Crossover Pattern

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6768 the prices started to decline against the United States Dollar today in the European Trading session.
We can see the formation of Bearish price crossover with Moving Average 100 in the 15-minutes timeframe.
We can detect Parabolic SAR indicator bearish reversal in the 15-minutes timeframe.

We have also seen Ichimoku - Bearish crossover: Tenkan & Kijun in the 15-minutes timeframe.
We can see the formation of a Long black line in the 15-minutes timeframe.
We can see Bearish trend reversal: adaptative moving average 20 in the 1-hourly timeframe.
We can see CCI indicator: bearish divergence in the 4-hourly timeframe.

AUDUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6768 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 0.6746 which is a 38.2% Retracement From 4 Week High.
AUDUSD is now trading near to its Pivot levels of 0.6754 and is moving into a Mild Bearish channel.
The price of AUDUSD remains just above its Classic support levels of 0.6724 and is moving towards its next target of 0.6724 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 – 17th SEP, 2024
EURUSD – Bearish Trend Reversal Pattern

EURUSD was unable to continue its bullish momentum and after touching a high of 1.1145 the prices started to decline against the United States Dollar today in the European Trading session.
We can see Bearish trend reversal: adaptative moving average 20 in the 30-minutes timeframe.
We can see Ichimoku - Bearish crossover: Tenkan & Kijun in the 30-minutes timeframe.

The Bearish trend reversal: adaptative moving average 20 is visible in the 1-hourly timeframe.
We can see the formation of Parabolic SAR indicator bearish reversal in the 2-hourly timeframe.
The prices of EURUSD are ranging Near resistance of channel in the daily timeframe.

We have also seen EURUSD prices hovering Near resistance of triangle in the weekly timeframe.
Some of the technical indicators are giving a Bullish to Neutral stance in the markets which indicates the presence of the consolidation wave in the markets.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.1145 mark.
• Short-term range appears to be Mild Bearish.
• EURUSD continues to remain above the 1.1110 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 1.1112 at which the Price Crosses 18 Day Moving Average Stalls.
EURUSD is now trading near to its Pivot levels of 1.1129 and is moving into a Mild Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.1104 and is moving towards its next target of 1.1094 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 – 17th SEP, 2024
GBPUSD – Bearish Engulfing Lines

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.3229 the prices started to decline against the United States Dollar today in the European Trading session.
We can see the formation of Bearish engulfing lines in the 15-minutes timeframe.
We have also seen Bearish price crossover with adaptative moving average 20 in the 1-hourly timeframe.
The Parabolic SAR indicator bearish reversal is visible in the 2-hourly timeframe.

We have seen RSI indicator: bearish divergence in the 4-hourly timeframe.
The prices of GBPUSD are ranging Near resistance of channel in the weekly timeframe.
We can also see GBPUSD prices hovering Near resistance of triangle in the weekly 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.

GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.3229 mark.
• Short-term range appears to be Mild Bearish.
• GBPUSD continues to remain above the 1.3180 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading below its Pivot levels of 1.3212 and is moving into a Mild Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.3172 and is now moving towards its next target of 1.3184 which is a 14-3 Day Raw Stochastic at 70%.
We are also looking for the breach of the levels of 1.3153 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 – 17th SEP, 2024
NZDUSD – Bearish Price Crossover Pattern

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6210 the prices started to decline against the United States Dollar today in the European Trading session.
We can see Bearish price crossover with Moving Average 100 in the 30-minutes timeframe.
We have also seen Bearish price crossover with adaptative moving average 100 in the 30-minutes timeframe.
The prices of NZDUSD are ranging Near horizontal resistance in the 1-hourly timeframe.

The SuperTrend indicator bearish reversal is visible in the 1-hourly timeframe.
The price of NZDUSD is back under the pivot point in the 1-hourly timeframe.
The MACD crosses DOWN its Moving Average in the 2-hourly timeframe.
The Parabolic SAR indicator bearish reversal is seen in the 2-hourly timeframe.

We have also detected CCI indicator: bearish divergence in the 4-hourly timeframe.
NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.6210 mark.
• Short-term range appears to be Mild Bearish.
• NZDUSD continues to remain above the 0.6170 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 0.6170 at which the Price Crosses 9 Day Moving Average.
NZDUSD is now trading below its Pivot levels of 0.6191 and is moving into a Mild Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.6156 and is now moving towards its next target of 0.6164 which is a 14-3 Day Raw Stochastic at 30%.

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 – 18th SEP, 2024
AUDUSD – Resistance of Channel is Broken

AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6743 the prices started to rise upwards against the United States Dollar today in the European Trading session.
The Resistance of channel is broken in the 15-minutes timeframe.
The MACD crosses UP its Moving Average in the daily timeframe.

We can detect Ichimoku - Bullish crossover: Tenkan & Kijun in the daily timeframe.
The Momentum indicator is back over zero in the daily timeframe.
We can see the Bullish price crossover with adaptative moving average 50 in the weekly timeframe.

We can see Bullish price crossover with adaptative moving average 100 in the weekly timeframe.
The prices of AUDUSD are ranging Near a new HIGH record (1 year) in the weekly timeframe.
AUDUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Aussie Bullish reversal seen above the 0.6743 mark.
• Short-term range appears to be Strong Bullish.
• AUDUSD continues to remain above the 0.6780 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.6792 which is a 3-10 Day Moving Average Crossover Stalls.
AUDUSD is now trading near to its Pivot levels of 0.6787 and is moving into a Strong Bullish channel.
The price of AUDUSD remains just above its Classic support levels of 0.6781 and is moving towards its next target of 0.6795 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]

EURUSD Technical Analysis – 18th SEP, 2024
EURUSD – Resistance of Channel is Broken

EURUSD was unable to continue its bearish momentum and after touching a low of 1.1111 the prices started to correct upwards against the United States Dollar today in the European Trading session.
The Resistance of channel is broken in the 15-minutes timeframe.
We can see Bullish price crossover with adaptative moving average 20 in the 1-hourly timeframe.
We have detected the formation of Doji in the daily timeframe which indicates a Neutral market.

The CCI indicator is overbought: over 100 in the weekly timeframe indicating a Neutral market.
We have also seen EURUSD prices hovering Near a new HIGH record (1 year) in the weekly timeframe.
Some of the technical indicators are giving a Bearish to Neutral stance in the markets which indicates the presence of the consolidation wave in the markets.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.1111 mark.
• Short-term range appears to be Mild Bullish.
• EURUSD continues to remain above the 1.1120 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.1125 which is a 38.2% Retracement From 4 Week High.
EURUSD is now trading near to its Pivot levels of 1.1133 and is moving into a Mild Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.1119 and is moving towards its next target of 1.1141 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