Daily Market Analytics - Forex

[FXOpen Trader]

USDCAD Technical Analysis – 06th NOV, 2024
USDCAD – Near Horizontal Support

USDCAD was unable to continue its Bearish momentum and after touching a low of 1.3884 the prices started to rise upwards against the United States Dollar today in the US Trading session.
The prices are ranging Near Horizontal Support in the 15-minutes timeframe.
We have seen that the Momentum indicator is back over zero in the 4-hourly timeframe.
The CCI indicator is overbought: over 100 indicating a Neutral market in the 4-hourly timeframe.

Also, we see the formation of Doji in the 1 hourly timeframe.
The RSI indicator is oversold: under 30 in the 15-minutes timeframe indicating a Neutral market.
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.
USDCAD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Loonie Bullish reversal seen above the 1.3884 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.3890 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.3908 at which the Price Crosses 9 Day Moving Average.
USDCAD is now trading near to its Pivot levels of 1.3894 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.3885 and is now moving towards its next target of 1.3923 which is a 14-3 Day Raw Stochastic at 70%.

#fxopen

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]

USDJPY Technical Analysis – 06th NOV, 2024
USDJPY – Near Support of Channel

USDJPY was unable to continue its bearish momentum and after touching a low of 153.81 the prices started to correct upwards against the United States Dollar today in the US Trading session.
We can see that the prices are ranging Near support of channel in the 15-minutes timeframe.
Also, we can see that USDJPY is Near support of triangle in the 15-minutes timeframe.
We can see SuperTrend indicator bullish reversal in the weekly timeframe.

Also, we have detected the formation of Bullish engulfing lines 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.
USDJPY is now trading above its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Yen Bullish reversal seen above the 153.81 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 154.00 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 154.70 which is a 1-Month High.
USDJPY is now trading near to its Pivot levels of 154.16 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 153.49 and is now moving towards its next target of 154.70 which is a 13-Week High.

#fxopen

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 – 11th NOV, 2024
AUDUSD – Bearish Price Crossover Pattern

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6597 the prices have started to decline against the United States Dollar today in the US trading session.
We can see the formation of Bearish price crossover with adaptative moving average 20 in the 15-minutes timeframe.
We can see the formation of Doji in the 30-minutes timeframe which indicates a Neutral market.
Also, we see Moving Average bearish crossovers: MA20 & MA50 in the 2-hourly timeframe.

The Moving Average bearish crossovers: AMA20 & AMA50 is visible in the 2-hourly timeframe.
We can see Moving Average bearish crossovers: AMA50 & AMA100 in the daily timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets indicating the presence of the Consolidation wave in the markets.
The MACD indicator is back under zero 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 0.6597 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6570 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6567 which is a 14-3 Day Raw Stochastic at 30%.
AUDUSD is now trading near to its Pivot levels of 0.6584 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6572 and is moving towards its next target of 0.6560 at which the Price Crosses 9 Day Moving Average Stalls.

#fxopen

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 – 11th NOV, 2024
EURUSD – Horizontal Support is Broken

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0749 the prices started to decline against the United States Dollar today in the US Trading session.
The Horizontal support is broken in the 15-minutes timeframe.
The Support of channel is broken in the 1-hourly timeframe.
We see that the RSI indicator is oversold: under 30 indicating a Neutral market in the 1-hourly timeframe.

We have also seen Moving Average bearish crossovers: MA50 & MA100 in the 4-hourly timeframe.
Also, we can detect that the Support of channel is broken 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.
We have also seen a Bearish opening of the markets this week.
EURUSD is now trading below its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0749 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0650 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 1.0653 which is a 1-Month Low.
EURUSD is now trading near to its Pivot levels of 1.0663 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0637 and is moving towards its next target of 1.0618 which is a Pivot Point 2nd Support Point.

#fxopen

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 – 11th NOV, 2024
GBPUSD – Support of Channel is Broken

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2924 the prices started to decline against the United States Dollar today in the US Trading session.
We can see that the Support of channel is broken in the 1-hourly timeframe.
The CCI indicator is oversold: under -100 in the 1-hourly timeframe indicating a Neutral market.
We can see that the Momentum indicator is back under zero in the daily timeframe.

We have detected Bearish opening of the markets this week.
The prices of GBPUSD are ranging Near a new LOW record (1 year) in the weekly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets indicating the presence of the consolidation wave in the markets.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.2924 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.2880 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading near to its Pivot levels of 1.2884 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2866 and is now moving towards its next target of 1.2877 which is a 14-3 Day Raw Stochastic at 20%.
We are also looking for the breach of the levels of 1.2872 which is a Pivot Point 1st Support Point.

#fxopen

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 – 11th NOV, 2024
NZDUSD – Support of Channel is Broken

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5977 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of channel is broken in the 15-minutes timeframe.
Also, we see Bearish trend reversal: Moving Average 50 in the 15-minutes timeframe.
We can see Bearish trend reversal: Moving Average 20 in the 30-minutes timeframe.

We have also seen the formation of Doji in the 1-hourly timeframe.
We see Bearish trend reversal: Moving Average 100 in the 2-hourly 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.
We have seen Bearish opening of the markets this week.
NZDUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.5977 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5960 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.5956 which is a 14-3 Day Raw Stochastic at 30%.
NZDUSD is now trading near to its Pivot levels of 0.5967 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5961 and is now moving towards its next target of 0.5942 which is a 14-3 Day Raw Stochastic at 20%.

#fxopen

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]

USDCAD Technical Analysis – 11th NOV, 2024
USDCAD – Near Resistance of Channel

USDCAD was unable to continue its Bearish momentum and after touching a low of 1.3893 the prices started to rise upwards against the United States Dollar today in the US Trading session.
The prices are ranging Near resistance of channel in the 15-minutes timeframe.
We have seen that the prices are still ranging Near horizontal resistance in the 1-hourly timeframe.
The CCI indicator is overbought: over 100 indicating a Neutral market in the 2-hourly timeframe.

Also, we see the Pivot points: price is over resistance 1 indicating a Neutral market.
The USDCAD is ranging Near resistance of channel 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.
USDCAD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Loonie Bullish reversal seen above the 1.3893 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.3940 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.3948 which is a 14-3 Day Raw Stochastic at 80%.
USDCAD is now trading near to its Pivot levels of 1.3934 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.3918 and is now moving towards its next target of 1.3965 which is a Price 1 Standard Deviation Resistance.

#fxopen

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]

USDJPY Technical Analysis – 11th NOV, 2024
USDJPY – Resistance of Channel is Broken

USDJPY was unable to continue its bearish momentum and after touching a low of 152.43 the prices started to correct upwards against the United States Dollar today in the US Trading session.
We can see that the Resistance of channel is broken in the 15-minutes timeframe.
Also, we can see Aroon indicator bullish trend formation in the 15-minutes timeframe.
We can see Resistance of channel is broken in the 1-hourly timeframe.

Also, we have detected the Pivot points: price is over resistance 1 in the 2-hourly 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.
We can see the formation of a White morning star in the daily timeframe.
Also, we have seen Bullish opening of the markets this week.
USDJPY is now trading above its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Yen Bullish reversal seen above the 152.43 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 153.90 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 153.93 which is a Pivot Point 2nd Level Resistance.
USDJPY is now trading near to its Pivot levels of 153.80 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 153.62 and is now moving towards its next target of 154.28 Price 2 Standard Deviations Resistance.

#fxopen

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 – 13th NOV, 2024
AUDUSD – Aroon Indicator Bearish Trend

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6539 the prices have started to decline against the United States Dollar today in the US trading session.
We can see the formation of Aroon Indicator Bearish Trend in the 15-minutes timeframe.
We can see the formation of Bearish trend reversal: adaptative moving average 20 in the 15-minutes timeframe.
Also, we see that the Support of channel is broken in the weekly timeframe.

We can see Bearish trend reversal: Moving Average 50 in the weekly timeframe.
We have detected that the Ichimoku: price is under the cloud in the weekly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets indicating the presence of the Consolidation wave in the markets.
The prices are ranging Near a new LOW record (1 year) 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 0.6539 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6510 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6512 which is a 1-Month Low.
AUDUSD is now trading near to its Pivot levels of 0.6526 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6511 and is moving towards its next target of 0.6504 which is a Pivot Point 1st Support Point.

#fxopen

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 – 13th NOV, 2024
EURUSD – Near Resistance of Channel

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0627 the prices started to decline against the United States Dollar today in the US Trading session.
The prices are ranging Near resistance of channel in the 15-minutes timeframe.
We have detected Bearish price crossover with Moving Average 100 in the 30-minutes timeframe.
EURUSD is now ranging Near horizontal resistance in the 1-hourly timeframe.
We have seen that the Price is back under the pivot point in the 1-hourly timeframe.

Also, we can detect that the Momentum indicator is back under zero in the 1-hourly 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.
We have also seen Moving Average bearish crossovers: AMA50 & AMA100 in the daily timeframe.
EURUSD is now trading below its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0627 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0620 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 1.0593 which is a 1-Month Low.
EURUSD is now trading near to its Pivot levels of 1.0633 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0602 and is moving towards its next target of 1.0591 which is a Pivot Point 1st Support Point.

#fxopen

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