Daily Market Analytics - Forex

[FXOpen Trader]

USDJPY Technical Analysis – 04th MAR, 2025
USDJPY – Near Horizontal Resistance

USDJPY was unable to continue its Bullish momentum and after touching a high of 151.10 the prices started to decline against the United States Dollar today in the US Trading session.
The prices are Near horizontal resistance in the 15-minutes timeframe.
The CCI indicator: bearish divergence is visible in the 15-minutes timeframe.
We will have to wait for correct Entry timings in the market given the presence of the Consolidation phase in the markets.
Some of the technical indicators are also giving a Bullish to Neutral stance indicating the presence of the Consolidation wave in the markets.
We can see the formation of Doji in the 2-hourly timeframe. The MACD indicator: bullish divergence is visible in the daily timeframe.
USDJPY is ranging Near support of channel in the monthly timeframe.
The prices of USDJPY continue to range Near a new LOW record (1st January) in the weekly timeframe.
USDJPY is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Yen Bearish reversal seen below the 151.10 mark.
• Short-term range appears to be Bearish.
• USDJPY continues to remain above the 149.10 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 148.93 which is a Price 1 Standard Deviation Support.
USDJPY is now trading near to its Pivot levels of 149.46 and is moving into a Bearish channel.
The price of USDJPY remains near its Classic support levels of 149.08 and is now moving towards its next target of 148.63 which is a Pivot Point 1st 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.

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[FXOpen Trader]

AUDUSD Technical Analysis – 06th MAR, 2025
AUDUSD – Near Support of Channel

AUDUSD was unable to continue its Bearish momentum and after touching a low of 0.6192 the prices have started to correct upwards against the United States Dollar today in the US Trading session.
The prices are Near support of channel in the 15-minutes timeframe.
We can see the formation of Doji in the 15-minutes 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 see Bullish trend reversal: adaptative moving average 20 and Bullish trend reversal: adaptative moving average 50 in the daily timeframe.
The MACD indicator is back over zero in the daily timeframe.

#fxopen #forex #forexanalysis

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 Trader]

EURCHF Technical Analysis – 06th MAR, 2025
EURCHF – Resistance of Channel is Broken

EURCHF was unable to continue its Bearish momentum and after touching a low of 0.9365 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The Support of channel is broken in the 15-minutes timeframe.
We see Bullish price crossover with Moving Average 20 and Bullish price crossover with Moving Average 50 in the weekly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral signal indicating the presence of the consolidation wave in the markets.
We see Bullish price crossover with Moving Average 100 and Bullish price crossover with adaptative moving average 20 in the weekly timeframe.
The RSI indicator is back over 50 is present in the weekly timeframe.

#fxopen #forex #forexanalysis

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 Trader]

EURJPY Technical Analysis – 06th MAR, 2025
EURJPY – Near Horizontal Support

EURJPY was unable to continue its Bearish momentum and after touching a low of 156.10 the prices started to correct 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 can see the formation of Bullish harami in the 30-minutes timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance indicating the presence of the Consolidation wave in the markets.
The prices are Near horizontal support in the 1-hourly timeframe.
The Resistance of channel is broken in the daily timeframe. The Aroon indicator bullish trend is present in the daily timeframe.

#fxopen #forex #forexanalysis

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 Trader]

EURUSD Technical Analysis – 06th MAR, 2025
EURUSD – CCI Indicator: Bullish divergence

EURUSD was unable to continue its Bearish momentum and after touching a low of 1.0401 the prices started to correct upwards against the United States Dollar today in the US Trading session.
We have seen CCI indicator: bullish divergence and Bullish trend reversal: adaptative moving average 50 in the 15-minutes timeframe.
The prices of EURUSD are ranging Near support of channel in the 15-minutes timeframe.
We have detected Bullish price crossover with Moving Average 20 and Bullish price crossover with adaptative moving average 20 in the 30-minutes timeframe.
The RSI indicator is back over 50 in the 30-minutes timeframe.

#fxopen #forex #forexanalysis

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 Trader]

GBPJPY Technical Analysis – 06th MAR, 2025
GBPJPY – RSI Indicator: Bullish divergence

GBPJPY was unable to continue its Bearish momentum and after touching a low of 188.45 the prices started to correct upwards against the United States Dollar today in the US Trading session.
We can see RSI indicator: bullish divergence present in the 30-minutes timeframe.
We have also detected the formation of Doji in the 30-minutes timeframe.
We can see a short-term bearish correction in the markets and so we will have to wait for the correct Entry point in the markets.
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 Bullish trend reversal: Moving Average 20 in the daily timeframe. The Aroon indicator bullish trend is also present in the daily timeframe.

#fxopen #forex #forexanalysis

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 Trader]

GBPUSD Technical Analysis – 06th MAR, 2025
GBPUSD – Near Support of Channel

GBPUSD was unable to continue its Bearish momentum and after touching a low of 1.2570 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The prices are Near support of channel in the 15-minutes timeframe.
We see Bullish price crossover with Moving Average 50 and RSI indicator: bullish divergence present in the 30-minutes timeframe.
The prices are ranging Near support of channel in the 1-hourly timeframe.
We have also detected the formation of Bullish engulfing lines in the 1-hourly timeframe.
The Bullish price crossover with adaptative moving average 20 is visible in the 2-hourly timeframe.
The Resistance of channel is broken in the daily timeframe.
We have seen Aroon indicator bullish trend and Ichimoku: price is over the cloud in the weekly timeframe.

#fxopen #forex #forexanalysis

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 Trader]

NZDUSD Technical Analysis – 06th MAR, 2025
NZDUSD – Near Support of Channel

NZDUSD was unable to continue its Bearish momentum and after touching a low of 0.5605 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The prices are Near support of channel in the 15-minutes timeframe.
We have seen the formation of Doji in both the 1-hourly and 2-hourly timeframes.
We see Bullish trend reversal: adaptative moving average 20 and Bullish price crossover with adaptative moving average 100 in the daily timeframe.
Some of the technical indicators are giving a Bearish to Neutral stance indicating the presence of the Consolidation wave in the markets.
The MACD crosses UP its Moving Average in the daily timeframe.

#fxopen #forex #forexanalysis

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 Trader]

USDCAD Technical Analysis – 06th MAR, 2025
USDCAD – Near Horizontal Resistance

USDCAD was unable to continue its Bullish momentum and after touching a high of 1.4530 the prices started to decline against the United States Dollar today in the US Trading session.
The prices are Near horizontal resistance and CCI indicator: bearish divergence is visible in the 15-minutes timeframe.
The prices are ranging Near horizontal resistance in the daily timeframe.
We will have to wait to get a correct Entry point in the markets given the presence of the consolidation zone.
Some of the technical indicators are giving a Bullish to Neutral stance indicating the presence of the Consolidation wave in the markets.

#fxopen #forex #forexanalysis

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 Trader]

USDCHF Technical Analysis – 06th MAR, 2025
USDCHF – Momentum Indicator is back under Zero

USDCHF was unable to continue its Bullish momentum and after touching a high of 0.9027 the prices started to decline against the United States Dollar today in the US Trading session.
The Momentum indicator is back under zero in the 2-hourly timeframe.
We have detected Parabolic SAR indicator bearish reversal in the 4-hourly timeframe.
The Support of channel is broken in the daily timeframe.
We can see Moving Average bearish crossovers: AMA20 & AMA50 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.
USDCHF is now ranging Near a new HIGH record (1 year) in the weekly timeframe.

#fxopen #forex #forexanalysis

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 ...