Daily Market Analytics - Forex

[FXOpen Trader]

GBPUSD Technical Analysis – 26th NOV, 2024
GBPUSD – Near Resistance of Channel

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2612 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, we can see the prices Near horizontal resistance in the 1-hourly timeframe.
As we can see the MACD crosses DOWN its Moving Average in the 2-hourly timeframe.

Also, we see Parabolic SAR indicator bearish reversal present in the 4-hourly timeframe.
The MACD indicator is back under zero in the weekly timeframe. Also, the Price is back under the pivot point in the weekly timeframe.
As it is visible with the recent price action the bearish trend is expected to continue in the medium term and we are expecting a consolidation wave sooner.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.

• Pound Bearish reversal seen below the 1.2612 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.2520 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading below its Pivot levels of 1.2545 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2473 and is now moving towards its next target of 1.2518 which is a Price 1 Standard Deviation Support.
We are also looking for the breach of the levels of 1.2502 which is a Pivot Point 2nd Support Point.


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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 – 26th NOV, 2024
NZDUSD – Bearish Price Crossover

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5867 the prices started to decline against the United States Dollar today in the Asian Trading session.
We can see Bearish price crossover with adaptative moving average 20 present in the 15-minutes timeframe.
Also, we see Moving Average bearish crossovers: MA20 & MA50 in the 1-hourly timeframe.
The Support of channel is broken in the daily timeframe.

As we have seen today in the early Asian trading session a strong bearish correction was observed and it is expected to continue in the medium-term scenario.
The Support of channel is broken in the monthly 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 prices continue to range New LOW record (1 year) 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 0.5867 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5820 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 0.5816 which is a Pivot Point 2nd Support Point.
NZDUSD is now trading near to its Pivot levels of 0.5816 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5783 and is now moving towards its next target of 0.5798 which is a Pivot Point 3rd Support Point.


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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 – 26th NOV, 2024
USDCAD – Bullish Price Crossover

USDCAD was unable to continue its Bearish momentum and after touching a low of 1.3950 the prices started to rise upwards against the United States Dollar today in the Asian Trading session.
We have seen Bullish price crossover with adaptative moving average 20 present in the 15-minutes timeframe.
We have seen that the Resistance of channel is broken in the 1-hourly timeframe.
Also, we can see Moving Average bullish crossovers: AMA20 & AMA50 in the 4-hourly timeframe.

As we can see the Horizontal resistance is broken in the daily timeframe.
We have seen 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.
The Resistance of channel is broken in the monthly timeframe.

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 1.3950 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.4090 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.4099 which is a Pivot Point 3rd Level Resistance.
USDCAD is now trading near to its Pivot levels of 1.4122 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.4062 and is now moving towards its next target of 1.4122 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 – 26th NOV, 2024
USDJPY – Near Support of Channel

USDJPY was unable to continue its bearish momentum and after touching a low of 153.62 the prices started to rise upwards against the United States Dollar today in the Asian Trading session.
The CCI indicator: bullish divergence is visible in the 30-minutes timeframe.
We see that the prices are Near support of channel and near horizontal support in the 15-minutes timeframe.
Also, we can see that the Resistance of channel is broken in the weekly timeframe.

As we have seen in the recent price corrections the immediate targets remain on the upside.
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.
Also, we see that the prices are ranging Near a new HIGH record (5 years) in the weekly timeframe.
We have seen prices ranging Near horizontal support in the monthly timeframe.
USDJPY is now trading below its 100-hour SMA and below its 200-hour SMA simple moving averages.

• Yen Bullish reversal seen above the 153.62 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 153.70 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 154.02 which is a 50% Retracement From 4 Week High/Low.
USDJPY is now trading near to its Pivot levels of 154.00 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 153.60 and is now moving towards its next target of 154.66 which is a 38.2% Retracement From 4 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 – 27th NOV, 2024
AUDUSD – Bullish Price Crossover

AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6447 the prices have started to correct upwards against the United States Dollar today in the London trading session.
We can see that the Bullish price crossover with Moving Average 50 in the 1-hourly timeframe.
Also, the prices of AUDUSD continue to range Near support of channel in the daily timeframe.
We have detected that the CCI indicator is oversold: under -100 in the weekly timeframe.

Also, we see that the prices are Near a new HIGH record (1 month) in the weekly timeframe.
The AUDUSD prices continue to range Near support of channel in the monthly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance of the markets indicating the presence of the Consolidation wave in the markets.
AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.

• Aussie Bullish reversal seen above the 0.6447 mark.
• Short-term range appears to be Bullish.
• AUDUSD continues to remain above the 0.6480 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.6497 which is a Price 2 Standard Deviations Resistance.
AUDUSD is now trading above its Pivot levels of 0.6479 and is moving into a Bullish channel.
The price of AUDUSD remains above its Classic support levels of 0.6467 and is moving towards its next target of 0.6510 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]

EURUSD Technical Analysis – 27th NOV, 2024
EURUSD – Horizontal Resistance is Broken

EURUSD was unable to continue its bearish momentum and after touching a low of 1.0457 the prices started to correct upwards against the United States Dollar today in the London Trading session.
We can see that the Horizontal resistance is broken in the 15-minutes timeframe.
Also, the CCI indicator is overbought: over 100 indicating a Neutral market in the 15-minutes timeframe.
We have seen that the Resistance of channel is broken in the 1-hourly timeframe. Also, the Horizontal resistance is broken in the 1-hourly timeframe.

We can see the Bullish trend reversal: Moving Average 100 present in the 1-hourly timeframe.
Also, the Bullish trend reversal: Moving Average 50 can be seen in the 2-hourly timeframe.
Also, we can detect Bullish trend reversal: adaptative moving average 100 in the 2-hourly timeframe.
We see Aroon indicator bullish trend present in the 2-hourly timeframe.

The Bullish price crossover with adaptative moving average 100 can be seen in the 4-hourly timeframe. The SuperTrend indicator bullish reversal is present in the 4-hourly timeframe.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.

• Euro Bullish reversal seen above the 1.0457 mark.
• Short-term range appears to be Bullish.
• EURUSD continues to remain above the 1.0560 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.0572 which is a Price 3 Standard Deviations Resistance.
EURUSD is now trading near to its Pivot levels of 1.0529 and is moving into a Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.0502 and is moving towards its next target of 1.0605 which is a Pivot Point 2nd Level 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]

GBPUSD Technical Analysis – 27th NOV, 2024
GBPUSD – Resistance of Channel is Broken

GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2524 the prices started to correct upwards against the United States Dollar today in the London Trading session.
We can see that the Resistance of channel is broken in the 15-minutes timeframe.
The RSI indicator is overbought: over 70 in the 30-minutes timeframe.
As we can see the Bullish trend reversal: Moving Average 50 in the 2-hourly timeframe.

Also, we see Moving Average bullish crossovers: MA20 & MA50 in the 2-hourly timeframe.
The SuperTrend indicator bullish reversal can be seen in the 4-hourly timeframe. Also, we see Ichimoku - Bullish crossover: Tenkan & Kijun in the 4-hourly timeframe.
We see Bullish price crossover with adaptative moving average 50 and Ichimoku: price is over the cloud 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 1.2524 mark.
• Short-term range appears to be Bullish.
• GBPUSD continues to remain above the 1.2650 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading above its Pivot levels of 1.25649 and is moving into a Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.2596 and is now moving towards its next target of 1.2672 which is a Pivot Point 2nd Level Resistance.
We are also looking for the breach of the levels of 1.2701 which is a 38.2% Retracement From 4 Week Low.

#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 – 27th NOV, 2024
NZDUSD – Near Support of Channel

NZDUSD was unable to continue its bearish momentum and after touching a low of 0.5830 the prices started to correct upwards against the United States Dollar today in the London Trading session.
The prices are ranging Near support of channel in the 15-minutes timeframe. Also, the Resistance of channel is broken in the 15-minutes timeframe.
Also, we see the Previous candle closed over Bollinger bands in the 4-hourly timeframe indicating a Neutral market.
The MACD crosses UP its Moving Average in the daily timeframe. The prices continue to range Near support of channel in the weekly timeframe.

The Price is back over the pivot point in the weekly timeframe indicating a Bullish scenario.
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 have seen that the prices continue to range Near a new HIGH record (1 month) in the weekly timeframe.
NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.

• Kiwi Bullish reversal seen above the 0.5830 mark.
• Short-term range appears to be Bullish.
• NZDUSD continues to remain above the 0.5890 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.5908 at which the Price Crosses 18 Day Moving Average.
NZDUSD is now trading near to its Pivot levels of 0.5903 and is moving into a Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.5891 and is now moving towards its next target of 0.5927 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]

USDCAD Technical Analysis – 27th NOV, 2024
USDCAD – Support of Channel is Broken

USDCAD was unable to continue its Bullish momentum and after touching a high of 1.4076 the prices started to decline against the United States Dollar today in the London Trading session.
We have seen that the Support of Channel is Broken in the 1-hourly timeframe.
Also, Bearish price crossover with adaptative moving average 50 is visible in the 2-hourly timeframe.
We can see Bearish price crossover with Moving Average 20 in the 4-hourly timeframe.

The RSI indicator is back under 50 in the 4-hourly timeframe.
The CCI indicator: bearish divergence is also visible 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.
The prices are Near resistance of channel in the monthly timeframe.

We see that USDCAD is ranging Near a new HIGH record (5 years) in the weekly timeframe.
USDCAD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.

• Loonie Bearish reversal seen below the 1.4076 mark.
• Short-term range appears to be Bearish.
• USDCAD continues to remain above the 1.4020 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 1.4010 which is a 14-3 Day Raw Stochastic at 50%.
USDCAD is now trading near to its Pivot levels of 1.4028 and is moving into a Bearish channel.
The price of USDCAD remains above its Classic support levels of 1.4007 and is now moving towards its next target of 1.3991 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]

USDJPY Technical Analysis – 27th NOV, 2024
USDJPY – Support of Channel is Broken

USDJPY was unable to continue its bullish momentum and after touching a high of 152.73 the prices started to decline against the United States Dollar today in the London Trading session.
The Support of Channel is Broken in the 1-hourly timeframe.
We see Pivot points: price is under support 3 in the 1-hourly timeframe indicating a Neutral market.
Also, we can see Moving Average bearish crossovers: MA50 & MA100 in the 4-hourly timeframe.

The Support of channel is broken and Horizontal support 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.
Also, we see Bearish price crossover with adaptative moving average 20 in the daily timeframe.
We have seen SuperTrend indicator bearish reversal present in the daily timeframe.

USDJPY is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.

• Yen Bearish reversal seen below the 152.73 mark.
• Short-term range appears to be Bearish.
• USDJPY continues to remain above the 151.00 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 150.97 which is a Price 2 Standard Deviations Support.
USDJPY is now trading near to its Pivot levels of 151.13 and is moving into a Bearish channel.
The price of USDJPY remains above its Classic support levels of 150.96 and is now moving towards its next target of 150.76 which is a 50% Retracement From 52 Week High/Low.

#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