Daily Market Analytics - Forex

[FXOpen Trader]

USDCAD Technical Analysis – 08th JAN, 2025
USDCAD – Resistance of Channel is Broken

USDCAD was unable to continue its bearish momentum and after touching a low of 1.4339 the prices started to correct upwards against the United States Dollar today in the London Trading session.
The Resistance of channel is broken in the 15-minutes timeframe. Also, the MACD crosses DOWN its Moving Average in the 30-minutes timeframe.
The prices are now ranging Near horizontal resistance in the 1-hourly timeframe.
We have detected the Bearish price crossover with adaptative moving average 100 in the 1-hourly timeframe.

Also, the Price is back under the pivot point 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.
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 below its 200-hour SMA simple moving averages.

• Loonie Bullish reversal seen above the 1.4339 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.4370 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.4393 which is a Pivot Point 1st Resistance Point.
USDCAD is now trading near to its Pivot levels of 1.4383 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.4348 and is now moving towards its next target of 1.4418 which is a Pivot Point 2nd Level 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.

 

[FXOpen Trader]

AUDUSD Technical Analysis – 19th FEB, 2025
AUDUSD – Support of Channel is Broken

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6370 the prices have started to decline against the United States Dollar today in the Asian trading session.
The Support of channel is broken in the 15-minutes timeframe. We can see Moving Average bearish crossovers: MA20 & MA50 present in the 15-minutes timeframe.
We have also detected the formation of Doji in the 15-minutes timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance indicating the presence of the Consolidation wave in the markets.
The Support of channel is broken in the 1-hourly timeframe.
We see Bearish price crossover with adaptative moving average 100 in the 1-hourly timeframe.
The MACD crosses DOWN its Moving Average in the 1-hourly timeframe.
We do see Parabolic SAR indicator bearish reversal and the Ichimoku: price is under the cloud in the 1-hourly timeframe.
AUDUSD is now trading above its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6370 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6340 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 0.6330 which is a Price 2 Standard Deviations Support.
AUDUSD is now trading near to its Pivot levels of 0.6350 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6335 and is moving towards its next target of 0.6318 which is a 50% Retracement From 13 Week High/Low.

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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]

EURCHF Technical Analysis – 19th FEB, 2025
EURCHF – Support of Channel is Broken

EURCHF was unable to continue its bullish momentum and after touching a high of 0.9454 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 can see Moving Average bearish crossovers: AMA20 & AMA50 present in the 15-minutes timeframe.
Some of the technical indicators are also giving a Bullish to Neutral signal indicating the presence of the consolidation wave in the markets.
We do see Moving Average bearish crossovers: AMA50 & AMA100 in the 1-hourly timeframe.
The Support of channel is broken in the 1-hourly timeframe. We have seen Bearish price crossover with adaptative moving average 100 formation in the 2-hourly timeframe.
The MACD crosses DOWN its Moving Average and we see Parabolic SAR indicator bearish reversal present in the 2-hourly timeframe.
The Bearish trend reversal: adaptative moving average 100 is visible in the 4-hourly timeframe.
EURCHF is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• EURCHF Bearish reversal seen below the 0.9454 mark.
• Short-term range appears to be Bearish.
• EURCHF continues to remain above the 0.9420 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.9423 which is a Price 2 Standard Deviations Support.
EURCHF is now trading near to its Pivot levels of 0.9424 and is moving into a Bearish channel.
The price of EURCHF remains above its Classic support levels of 0.9415 and is moving towards its next target of 0.9408 which is a 14-3 Day Raw Stochastic at 30%.

#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]

EURJPY Technical Analysis – 19th FEB, 2025
EURJPY – Support of Channel is Broken

EURJPY was unable to continue its bullish momentum and after touching a high of 159.11 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 can see the formation of Doji in the 1-hourly timeframe.
We see Bearish price crossover with adaptative moving average 100 present in the 2-hourly timeframe.
We can see Pivot points: price is under support 1 in the daily timeframe.
The Price is back under the pivot point in the weekly timeframe.
We can see the formation of Bearish harami in the weekly timeframe.
We see CCI indicator: bullish divergence presents in the daily timeframe.
The prices are ranging Near a new LOW record (1 year) in the weekly timeframe.
EURJPY is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• EURJPY Bearish reversal seen below the 159.11 mark.
• Short-term range appears to be Bearish.
• EURJPY continues to remain above the 158.25 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 158.18 which is a Price 1 Standard Deviation Support.
EURJPY is now trading near to its Pivot levels of 158.29 and is moving into a Bearish channel.
The price of EURJPY remains above its Classic support levels of 157.91 and is moving towards its next target of 157.70 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

 

[FXOpen Trader]

EURUSD Technical Analysis – 19th FEB, 2025
EURUSD – Support of Channel is Broken

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0460 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.
The Previous candle closed under Bollinger bands in the 1-hourly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance indicating the presence of the Consolidation wave in the markets.
We have seen the formation of Bearish harami pattern in the weekly timeframe.
The prices of EURUSD are ranging Near a new LOW record (1 year) in the weekly timeframe.
We have also seen the formation of Doji in the 15-minutes timeframe.
EURUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0460 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0425 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 1.0419 which is a Price 1 Standard Deviation Support.
EURUSD is now trading near to its Pivot levels of 1.0429 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0414 and is moving towards its next target of 1.0406 at which the Price Crosses 40 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]

GBPJPY Technical Analysis – 19th FEB, 2025
GBPJPY – Support of Channel is Broken

GBPJPY was unable to continue its Bullish momentum and after touching a high of 192.10 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 20 formation in the 2-hourly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance indicating the presence of the Consolidation wave present in the markets.
We do see CCI indicator is oversold: under -100 present in the 2-hourly timeframe indicating a Neutral wave.
We see Bearish trend reversal: adaptative moving average 100 present in the 4-hourly timeframe. Also, Parabolic SAR indicator bearish reversal is visible in the 4-hourly timeframe.
GBPJPY is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average.
• GBPJPY Bearish reversal seen below the 192.10 mark.
• Short-term range appears to be Bearish.
• GBPJPY continues to remain above the 190.80 levels.
• Average true range ATR is indicating Less market volatility.

GBPJPY is now trading near to its Pivot levels of 191.08 and is moving into a Bearish channel.
The price of GBPJPY is above its Classic support levels of 190.65 and is now moving towards its next target of 190.46 which is a Pivot Point 2nd Support Point.
We are also looking for the breach of the levels of 190.07 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]

GBPUSD Technical Analysis – 19th FEB, 2025
GBPUSD – Support of Channel is Broken

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2638 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 see Bearish price crossover with Moving Average 100 in the 1-hourly timeframe.
We also see Bearish price crossover with adaptative moving average 50 in the 2-hourly timeframe.
We see that the Previous candle closed under Bollinger bands in the 2-hourly timeframe.
Also, the Pivot points: price is under support 1 in the 4-hourly timeframe.
Some of the technical indicators are giving a Bullish to Neutral stance indicating the presence of the Consolidation wave present in the markets.
The Ichimoku: price is under the cloud in the weekly timeframe.
The prices continue to range Near a new LOW record (1 year) in the weekly timeframe.
GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.2638 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.2580 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading near to its Pivot levels of 1.2591 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2573 and is now moving towards its next target of 1.2547 which is a Pivot Point 3rd Support Point.
We are also looking for the breach of the levels of 1.2519 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]

NZDUSD Technical Analysis – 19th FEB, 2025
NZDUSD – Support of Channel is Broken

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5731 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 20 in the 1-hourly timeframe.
The Bearish trend reversal: adaptative moving average 100 is present in the 1-hourly timeframe.
Aroon indicator bearish trend is visible in the 1-hourly timeframe.
We can see Bearish price crossover with adaptative moving average 50 in the 2-hourly timeframe. Also, the MACD crosses DOWN its Moving Average in the 2-hourly timeframe.
The prices of NZDUSD are ranging Near a new LOW record (1 year) in the weekly timeframe.
We have seen Bearish harami present in the weekly timeframe.
NZDUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.5731 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5700 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.5686 which is a Pivot Point 1st Support Point.
NZDUSD is now trading near to its Pivot levels of 0.5703 and is moving into a Bearish channel.
The price of NZDUSD remains near its Classic support levels of 0.5685 and is now moving towards its next target of 0.5675 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]

USDCAD Technical Analysis – 19th FEB, 2025
USDCAD – Resistance of Channel is Broken

USDCAD was unable to continue its bearish momentum and after touching a low of 1.4175 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The Resistance of channel is broken in the 15-minutes timeframe.
We can see Bullish price crossover with Moving Average 20 present in the 15-minutes timeframe.
Also, we see Bullish price crossover with adaptative moving average 20 in the 15-minutes timeframe.
As we can see the Resistance of channel is broken in the 1-hourly timeframe.
We have detected Bullish trend reversal: Moving Average 100 in the 1-hourly timeframe. Also, the Previous candle closed over Bollinger bands in the 2-hourly timeframe.
The prices of USDCAD are ranging Near a new HIGH record (1 year) in the weekly timeframe.
USDCAD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Kiwi Bullish reversal seen above the 1.4175 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.4230 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.4261 which is a Pivot Point 1st Resistance Point.
USDCAD is now trading near to its Pivot levels of 1.4240 and is moving into a Bullish channel.
The price of USDCAD remains near its Classic support levels of 1.4231 and is now moving towards its next target of 1.4282 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]

USDCHF Technical Analysis – 19th FEB, 2025
USDCHF – Resistance of Channel is Broken

USDCHF was unable to continue its bearish momentum and after touching a low of 0.9023 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The Resistance of channel is broken in the 1-hourly timeframe.
We can see Bullish trend reversal: Moving Average 100 formation in the 4-hourly timeframe.
The prices of USDCHF are ranging Near support of triangle in the weekly timeframe.
We can see that the Price is back over the pivot point in the weekly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets indicating the presence of the Consolidation wave in the markets.
USDCHF is now ranging Near a new HIGH record (1 year) in the weekly timeframe.
USDCHF is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• USDCHF Bullish reversal seen above the 0.9023 mark.
• Short-term range appears to be Bullish.
• USDCHF continues to remain above the 0.9030 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.9059 which is a Pivot Point 1st Resistance Point.
USDCHF is now trading near to its Pivot levels of 0.9045 and is moving into a Bullish channel.
The price of USDCHF remains near its Classic support levels of 0.9038 and is now moving towards its next target of 0.9072 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