Daily Market Analytics - Forex

[FXOpen Trader]

USDCAD Technical Analysis – 18th NOV, 2024
USDCAD – Support of Channel is Broken

USDCAD was unable to continue its Bullish momentum and after touching a high of 1.4100 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.
We have seen Bearish trend reversal: Moving Average 50 present in the 1-hourly timeframe.
Also, we can see Bearish trend reversal: adaptative moving average 50 in the 2-hourly timeframe.

Also, we see the Bearish price crossover with adaptative moving average 100 in the 2-hourly timeframe.
The RSI indicator is back under 50 in the 4-hourly timeframe. We have seen SuperTrend indicator bearish reversal in the 4-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 see RSI indicator: bearish divergence and MACD indicator: bearish divergence present in the daily timeframe.

USDCAD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Loonie Bearish reversal seen below the 1.4100 mark.
• Short-term range appears to be Bearish.
• USDCAD continues to remain above the 1.4000 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 1.3992 which is a Price 3 Standard Deviations Support.
USDCAD is now trading near to its Pivot levels of 1.4019 and is moving into a Bearish channel.
The price of USDCAD remains above its Classic support levels of 1.3981 and is now moving towards its next target of 1.3974 which is a Pivot Point 3rd 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]

USDJPY Technical Analysis – 18th NOV, 2024
USDJPY – Support of Channel is Broken

USDJPY was unable to continue its bullish momentum and after touching a high of 155.33 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 15-minutes timeframe.
We see that the Bearish price crossover with Moving Average 100 is visible in the 15-minutes timeframe.
Also, we can see that the MACD indicator is back under zero in the 30-minutes timeframe.

Also, we have detected the RSI indicator is back under 50 in the 4-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 can see that the MACD crosses DOWN its Moving Average in the daily timeframe.
Also, we see that the prices are ranging Near a new LOW record (1 month) in the weekly timeframe.
We have seen Bearish opening of the markets this week.

USDJPY is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Yen Bearish reversal seen below the 155.33 mark.
• Short-term range appears to be Bearish.
• USDJPY continues to remain above the 154.50 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 154.32 at which the Price Crosses 9 Day Moving Average.
USDJPY is now trading near to its Pivot levels of 154.73 and is moving into a Bearish channel.
The price of USDJPY remains above its Classic support levels of 154.38 and is now moving towards its next target of 154.16 which is a 3-10-16 Day MACD 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]

AUDUSD Technical Analysis – 22nd NOV, 2024
AUDUSD – Support of Channel is Broken

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6532 the prices have started to decline against the United States Dollar today in the Asian trading session.
We can see that the Support of channel is broken in the 15-minutes timeframe. Also, the Support of triangle is broken in the 15-minutes timeframe.
We can see Bearish trend reversal: adaptative moving average 50 in the 1-hourly timeframe.
We have detected Bearish trend reversal: adaptative moving average 100 in the 1-hourly timeframe.

Also, we see Bearish price crossover with adaptative moving average 100 present in the 1-hourly timeframe.
The SuperTrend indicator bearish reversal signal is visible in the 1-hourly 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.
We can also see the Ichimoku: price is under the cloud in the 2-hourly timeframe.

AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6532 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6490 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6483 which is a Price 3 Standard Deviations Support.
AUDUSD is now trading near to its Pivot levels of 0.6507 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6491 and is moving towards its next target of 0.6460 which is a Pivot Point 3rd 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 – 22nd NOV, 2024
EURUSD – MACD crosses DOWN its Moving Average

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0544 the prices started to decline against the United States Dollar today in the Asian Trading session.
We can see that the MACD crosses DOWN its Moving Average in the 15-minutes timeframe.
Also, the Moving Average bearish crossovers: AMA20 & AMA50 can be seen in the 15-minutes timeframe.
We have detected Parabolic SAR indicator bearish reversal in the 30-minutes timeframe.

We can see the Momentum indicator is back under zero in the 1-hourly timeframe.
We have seen the formation of Bearish engulfing lines in the 2-hourly timeframe.
Also, we can detect Bearish trend reversal: Moving Average 100 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.

The prices are ranging New LOW 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 Bearish reversal seen below the 1.0544 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0450 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 1.0439 which is a Pivot Point 1st Support Point.
EURUSD is now trading near to its Pivot levels of 1.0474 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0464 and is moving towards its next target of 1.0409 which is a Price 1 Standard Deviation Support.

#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 – 22nd NOV, 2024
GBPUSD – Support of Channel is Broken

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2656 the prices started to decline against the United States Dollar today in the Asian Trading session.
We can see that the Support of channel is broken in the 15-minutes timeframe.
Also, we can see the formation of Doji in the 1-hourly timeframe.
We see Bearish trend reversal: Moving Average 20 present in the weekly timeframe.

Also, we see Bearish trend reversal: adaptative moving average 100 in the weekly timeframe.
We have seen Bearish price crossover with Moving Average 100 present in the weekly timeframe.
Also, the Price is 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 1.2656 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.2550 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading near to its Pivot levels of 1.2573 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2545 and is now moving towards its next target of 1.2557 which is a Pivot Point 1st Support Point.
We are also looking for the breach of the levels of 1.2536 which is a Price 1 Standard Deviation Support.

#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 – 22nd NOV, 2024
NZDUSD – Support of Channel is Broken

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5883 the prices started to decline against the United States Dollar today in the Asian Trading session.
We can see that the Support of channel is broken in the 1-hourly timeframe.
We can see the formation of Doji in the 1-hourly timeframe.
We see that the Previous candle closed under Bollinger bands in the 2-hourly timeframe.

We can clearly see the formation of Three black crows in the 4-hourly timeframe.
The prices of NZDUSD are ranging 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 which indicates the presence of the Consolidation wave in the markets.
We have seen that the Support of channel is broken in the monthly timeframe.

NZDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.5883 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5830 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.5829 which is a Pivot Point 2nd Support Point.
NZDUSD is now trading near to its Pivot levels of 0.5831 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5815 and is now moving towards its next target of 0.5813 which is a Price 2 Standard Deviations Support.

#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 – 22nd NOV, 2024
USDCAD – Resistance of Channel is Broken

USDCAD was unable to continue its Bearish momentum and after touching a low of 1.3931 the prices started to rise upwards against the United States Dollar today in the Asian Trading session.
The Resistance of channel is broken in the 15-minutes timeframe.
We have seen Bullish trend reversal: adaptative moving average 50 in the 1-hourly timeframe.
Also, we can see Bullish trend reversal: adaptative moving average 20 present in the 2-hourly timeframe.

Also, we see the Bullish price crossover with adaptative moving average 100 in the 4-hourly timeframe.
The MACD crosses UP its Moving Average in the 4-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 see that USDCAD is ranging Near a new HIGH record (5 years) in the weekly timeframe.

USDCAD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Loonie Bullish reversal seen above the 1.3931 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.3950 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.3991 which is a Pivot Point 1st Resistance Point.
USDCAD is now trading near to its Pivot levels of 1.3982 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.3966 and is now moving towards its next target of 1.4010 which is a Price 3 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]

USDJPY Technical Analysis – 22nd NOV, 2024
USDJPY – Resistance of Channel is Broken

USDJPY was unable to continue its bearish momentum and after touching a low of 153.89 the prices started to rise upwards against the United States Dollar today in the Asian Trading session.
We can see that the Resistance of channel is broken in the 15-minutes timeframe.
We see that the prices are Near support of triangle in the 1-hourly timeframe.
Also, we can see Bullish trend reversal: adaptative moving average 20 present in the 1-hourly timeframe.

Also, we have detected Bullish price crossover with Moving Average 100 in the 1-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 Moving Average bearish crossovers: MA20 & MA50 present in the 2-hourly timeframe. Also, MACD crosses UP its Moving Average in the 2-hourly timeframe.
Also, we see that the prices are ranging Near a new HIGH record (5 years) in the weekly timeframe.

We have seen Moving Average bullish crossovers: AMA50 & AMA100 in the daily timeframe.
USDJPY is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Yen Bullish reversal seen above the 153.89 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 154.80 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 155.04 which is a Price 2 Standard Deviations Resistance.
USDJPY is now trading near to its Pivot levels of 154.64 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 154.21 and is now moving towards its next target of 155.35 which is a Pivot Point 1st Resistance 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]

AUDUSD Technical Analysis – 26th NOV, 2024
AUDUSD – Bearish Price Crossover

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6526 the prices have started to decline against the United States Dollar today in the Asian trading session.
We can see that the Bearish price crossover with Moving Average 20 in the 15-minutes timeframe. Also, the MACD crosses DOWN its Moving Average in the 15-minutes timeframe.
We can see Parabolic SAR indicator bearish reversal in the 15-minutes timeframe.
We have detected the Long black line and Black line without upper shadow in the 15-minutes timeframe indicating a Bearish market.

Also, we see that the Bearish price crossover with Moving Average 20 present in the 30-minutes timeframe.
The SuperTrend indicator bearish reversal can be seen in the 2-hourly timeframe.
We can also see Moving Average bearish crossovers: AMA20 & AMA50 and the Ichimoku: price is under the cloud in the 1-hourly timeframe.
AUDUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.

• Aussie Bearish reversal seen below the 0.6526 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6450 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6451 which is a Pivot Point 2nd Support Point.
AUDUSD is now trading below its Pivot levels of 0.6503 and is moving into a Bearish channel.
The price of AUDUSD remains below its Classic support levels of 0.6497 and is moving towards its next target of 0.6415 which is a Pivot Point 3rd 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 – 26th NOV, 2024
EURUSD – Near Resistance of Channel

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0528 the prices started to decline against the United States Dollar today in the Asian Trading session.
We can see that the prices are Near resistance of channel in the 15-minutes timeframe.
Also, the Bearish price crossover with Moving Average 50 is visible in the 15-minutes timeframe.
We have detected Bearish price crossover with adaptative moving average 50 in the 15-minutes timeframe.

We can see the MACD indicator: bearish divergence is present in the 15-minutes timeframe.
We have seen the Bearish trend reversal: adaptative moving average 100 in the 30-minutes timeframe.
Also, we can detect SuperTrend indicator bearish reversal in the 30-minutes timeframe.
We see Ichimoku - Bearish crossover: Tenkan & Kijun in the 30-minutes timeframe.

The RSI indicator is back under 50 in the daily timeframe. Also, we can see Momentum indicator is back under zero in the 2-hourly timeframe.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0528 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0430 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 1.0430 which is a Price 2 Standard Deviations Support.
EURUSD is now trading near to its Pivot levels of 1.0463 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0367 and is moving towards its next target of 1.0415 which is a Price 3 Standard Deviations Support.


#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