Daily Market Analytics - Forex

[FXOpen Trader]

USDJPY Technical Analysis – 10th MAR, 2025
USDJPY – Support of Channel is Broken

USDJPY was unable to continue its Bullish momentum and after touching a high of 149.21 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of channel is broken in the daily timeframe.
We can see Moving Average bearish crossovers: MA50 & MA100 present in the daily timeframe.
We can also see that the CCI indicator is oversold: under -100 in the daily timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance indicating the presence of the Consolidation wave in the markets.
Both the RSI and STOCHRSI are indicating a SELL at the current market levels of 146.93
The prices are now ranging near 146.92 which is a 14 Day RSI at 30%.


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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 – 12th MAR, 2025
AUDUSD – Near Resistance of Channel

AUDUSD was unable to continue its Bullish momentum and after touching a high of 0.6328 the prices have started to decline against the United States Dollar today in the Asian Trading session.
The prices are Near Resistance of Channel in the daily timeframe.
We can see Bearish price crossover with adaptative moving average 20 and Bearish price crossover with adaptative moving average 50 in the daily 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 RSI indicator is back under 50 in the daily timeframe.
Also, the Price is back under the pivot point (Daily) and we are looking at fresh selling opportunities in the market.
As the prices continue to range near 0.6286 which is a 38.2% Retracement From 13 Week High.
The Moving Averages are giving a Strong Sell at the current market levels of 0.6289


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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]

EURCHF Technical Analysis – 12th MAR, 2025
EURCHF – Relative Strength Index is Bullish

EURCHF was unable to continue its Bearish momentum and after touching a low of 0.9504 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The Relative Strength Index is Bullish in the 5-hourly timeframe.
The Moving Averages are indicating a BUY at the current market levels of 0.9622
The STOCH is indicating Overbought levels.
The Bull/Bear power is also Bullish in the 5-hourly timeframe.
The CCI indicator is overbought: over 100 is visible in the daily timeframe.
Also, the Previous candle closed over Bollinger bands in the daily timeframe.


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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]

EURJPY Technical Analysis – 12th MAR, 2025
EURJPY – Bullish Trend Reversal

EURJPY was unable to continue its Bearish momentum and after touching a low of 159.18 the prices started to correct upwards against the United States Dollar today in the Asian Trading session.
We can see Bullish trend reversal: adaptative moving average 100 in the daily timeframe.
Also, the CCI indicator is overbought: over 100 in the daily timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance indicating the presence of the Consolidation wave in the markets.
Most of the Moving Averages are giving a Strong Buy at the current market levels of 161.71
Both the MACD and ADX are also indicating Bullish markets.
The Ultimate Oscillator is at 61 indicating a BUY in the 1-hourly timeframe.


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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 Trader]

EURUSD Technical Analysis – 12th MAR, 2025
EURUSD – Price is back under the Pivot Point

EURUSD was unable to continue its Bullish momentum and after touching a high of 1.0944 the prices started to decline against the United States Dollar today in the US Trading session.
The Price is back under the Pivot Point in the daily timeframe.
The RSI indicator is overbought: over 70 in the daily timeframe.
Both the STOCH and STOCHRSI are indicating a SELL.
The price Rate of Change indicator is also giving a SELL at the current market levels of 1.0885


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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]

GBPJPY Technical Analysis – 12th MAR, 2025
GBPJPY – Bullish Trend Reversal

GBPJPY was unable to continue its Bearish momentum and after touching a low of 188.91 the prices started to rise upwards against the United States Dollar today in the US Trading session.
We can see Bullish trend reversal: adaptative moving average 50 and Bullish price crossover with Moving Average 50 in the daily timeframe.
The Parabolic SAR indicator bullish reversal is also visible in the daily timeframe.
The CCI indicator is overbought: over 100 indicating a Neutral market in the daily timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance indicating the presence of the Consolidation wave in the markets.
Both the RSI and STOCH are indicating a Bullish market.


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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 Trader]

GBPUSD Technical Analysis – 12th MAR, 2025
GBPUSD – Relative Strength Index is Bullish

GBPUSD was unable to continue its Bearish momentum and after touching a low of 1.2687 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The Relative Strength Index is Bullish in the hourly timeframe.
Both the MACD and CCI are indicating a Bullish scenario above the 1.2950 handle.
The Bull/Bear power is indicating a BUY at the current market levels of 1.2974
The RSI indicator is overbought: over 70 and CCI indicator is overbought: over 100 in the daily timeframe.
GBPUSD prices are now hovering around the 1.2975 which is near to the 1-Month High.
We may see a shift towards the consolidation zone soon after which the bullish trend is expected to continue in the medium-term range.


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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]

NZDUSD Technical Analysis – 12th MAR, 2025
NZDUSD – STOCHRSI remains Bullish

NZDUSD was unable to continue its Bearish momentum and after touching a low of 0.5680 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The STOCHRSI remains Bullish in the 5-hourly timeframe.
Both the MACD and ADX are indicating a Bullish scenario.
The Ultimate Oscillator is at 53 indicating a BUY at the current market levels of 0.5725
Some of the technical indicators are giving a Bearish to Neutral stance indicating the presence of the Consolidation wave in the markets.
We will have to wait for the correct market levels to see whether a BUY can be placed.
We do not expect any signs of a pullback from the recent highs and now we are looking to continue a Bullish tendency above the 0.5700 levels.


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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 Trader]

USDCAD Technical Analysis – 12th MAR, 2025
USDCAD – Near Resistance of Channel

USDCAD was unable to continue its Bullish momentum and after touching a high of 1.4515 the prices started to decline against the United States Dollar today in the Asian Trading session.
The prices are Near resistance of channel and Near resistance of triangle in the daily timeframe.
We have seen Bearish trend reversal: Moving Average 50 in the daily timeframe.
Also, the Bearish harami is present in the daily timeframe.
Both the STOCH and MACD are indicating a SELL at the current market levels of 1.4398
The Bull/Bear power and the price rate of change are both indicating a Bullish market.


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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 Trader]

USDCHF Technical Analysis – 12th MAR, 2025
USDCHF – Near Support of Channel

USDCHF was unable to continue its Bearish momentum and after touching a low of 0.8760 the prices started to rise upwards against the United States Dollar today in the Asian Trading session.
The prices are ranging Near Support of Channel and Near support of triangle in the daily timeframe.
We have also detected the formation of Doji in the daily timeframe.
Both the STOCHRSI and Commodity channel Index are indicating a BUY.
We will have to wait for the correct Entry timings given the presence of the consolidation phase in the markets.
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.
The Average Directional Range remains Neutral.


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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 ...