Daily Market Analytics - Forex

Discussion in 'Forex - Currencies Forums' started by FXOpen Trader, Feb 6, 2024.

  1. FXOpen Trader

    FXOpen Trader Senior Investor

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    EURUSD Technical Analysis – 17th JUNE, 2024

    EURUSD – Bullish Trend Reversal
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    EURUSD touched a low of 1.0667 after which we can see some correction in the markets which managed to pull back the prices of Euro above the 1.0700 levels.
    We can see the formation of Bullish Trend Reversal pattern with the Adaptive Moving Average AMA100 in the 15-minutes timeframe.
    The Aroon Indicator is giving bullish trend signal in the 2-hourly timeframe.
    The prices of EURUSD are ranging back over the pivot point in the 4-hourly timeframe.

    The RSI indicator is also giving bullish divergence signal in the 4-hourly timeframe.
    The horizontal resistance of the channel is broken in the weekly timeframe which is indicative of the bullish pressure present in the markets.

    EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
    • Euro Bullish Reversal seen above the 1.0667 mark.
    • Short-term range appears to be Mildly Bullish.
    • EURUSD continues to remain above the 1.0700 levels.
    • Average true range ATR is indicating high market volatility.

    The next resistance is located at 1.0731 which is a 38.2% Retracement From 13 Week Low.
    EURUSD is now trading above its Pivot levels of 1.0709 and is moving into a Mild Bullish channel.

    The price of EURUSD remains above its Classic support levels of 1.0704 and is moving towards its next target of 1.0732 which is a Price 1 Standard Deviation 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.

    For in-depth analysis, please check FXOpen Blog
     
  2. FXOpen Trader

    FXOpen Trader Senior Investor

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    GBPUSD Technical Analysis – 17th JUNE, 2024

    GBPUSD – Bullish Price Crossover
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    GBPUSD entered into a consolidation phase after which we can see some positive price correction in the levels of Pound in the European Trading session today.
    We can see the formation of Bullish price crossover pattern with the Moving Average MA20 in the 15-minutes timeframe.
    The MACD indicator is giving a bearish divergence signal in the weekly timeframe.

    We have also seen a Bullish opening of the markets this week.
    The prices of GBPUSD are ranging near the horizontal support in the daily timeframe which is also indicative of the bullish trends.
    Both the CCI and RSI indicators are giving a bullish divergence signal in the 4-hourly timeframe.

    GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average.
    • Pound Bullish Reversal seen above the 1.2656 mark.
    • Short-term range appears to be Mild Bullish.
    • GBPUSD continues to remain above the 1.2650 levels.
    • Average true range ATR is indicating less market volatility.

    GBPUSD is now trading near to its Pivot levels of 1.266 and is moving into a Mild Bullish channel.
    The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2673 with further progression towards the 1.2697 which is a 14-3 Day Raw Stochastic at 20%.

    We are also looking for the breach of the levels of 1.2702 which is a Pivot Point.

    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
     
  3. FXOpen Trader

    FXOpen Trader Senior Investor

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    AUDUSD Technical Analysis – 17th JUNE, 2024

    AUDUSD – Bullish Trend Reversal
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    AUDUSD prices continued to decline after which we can see the resumption of the bullish trend in the markets. We can see that the prices are recovering in the European trading session.
    We can see the formation of Bullish Trend reversal with the Moving Average MA20 in the weekly timeframe.
    The prices of AUDUSD are ranging near the support of triangle in the monthly timeframe.
    We have also seen Bullish opening of the markets this week.

    The Momentum indicator is back over Zero in the 2-hourly timeframe.
    AUDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
    • AUDUSD Bullish Reversal seen above the 0.6590 mark.
    • Short-term range appears to be Mild Bullish.
    • AUDUSD continues to remain above the 0.6590 levels.
    • Average true range ATR is indicating less market volatility.

    The next resistance is located at 0.6601 which is a 3-10 Day MACD Oscillator Stalls.
    AUDUSD is now trading just below its Pivot levels of 0.6598 and is moving into a Mild bullish channel.

    The price of AUDUSD remains above its Classic support levels of 0.6588 and is moving towards its next target of 0.6611 at which the Price Crosses 40 Day Moving Average.

    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
     
  4. FXOpen Trader

    FXOpen Trader Senior Investor

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    NZDUSD Technical Analysis – 17th JUNE, 2024

    NZDUSD – Bullish Trend Reversal
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    NZDUSD continued its decline towards the 0.6108 levels after which we can see some rebound in its prices in the European Trading session.
    We can see the formation of Bullish Trend reversal with Moving Average MA20 in the weekly timeframe.
    The prices of NZDUSD are ranging near the support of the triangle in the monthly timeframe which indicates the bullish rebound.
    The RSI indicator is giving a bullish divergence signal in the 1-hourly timeframe.

    The prices of NZDUSD are ranging near a new record high of 1 -months and 1-year which also indicates the presence of the bullish trends in the markets.
    NZDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.

    • NZDUSD Bullish rebound seen above the 0.6108 mark.
    • Short-term range appears to be Mild Bullish.
    • NZDUSD continues to remain above the 0.6100 levels.
    • Average true range ATR is indicating less market volatility.

    The next resistance is located at 0.6120 which is a 3-10 Day MACD Oscillator Stalls.
    NZDUSD is now trading below its Pivot levels of 0.6115 and is moving into a Mild bullish channel.

    The price of NZDUSD remains above its Classic support levels of 0.6090 and is moving towards its next target of 0.6128 which is a 14-3 Day Raw Stochastic at 30%.

    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
     
  5. FXOpen Trader

    FXOpen Trader Senior Investor

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    EURUSD Technical Analysis – 20th JUNE, 2024

    EURUSD – Bearish Trend Reversal
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    EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0748 the prices started to decline against the United States Dollar.
    We can see the formation of Bearish Trend Reversal pattern with the Adaptive Moving Average AMA20 in the 4-hourly timeframe.
    The prices of EURUSD are ranging near the resistance of the channel in the monthly timeframe.
    The Ichimoku price is under the cloud in the daily timeframe which also indicates the bearish tendencies present in the markets.

    We can also see the formation of the Ichimoku Bearish crossover Tenkan and Kijun in the 1-hourly timeframe.

    EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
    • Euro Bearish Reversal seen below the 1.0748 mark.
    • Short-term range appears to be Mildly Bearish.
    • EURUSD continues to remain above the 1.0700 levels.
    • Average true range ATR is indicating less market volatility.

    The next support is located at 1.0705 which is a Price 2 Standard Deviations Support.
    EURUSD is now trading below its Pivot levels of 1.0728 and is moving into a Mild Bearish channel.

    The price of EURUSD remains above its Classic support levels of 1.0706 and is moving towards its next target of 1.0699 which is a Pivot Point 3rd Support Point.

    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
     
  6. FXOpen Trader

    FXOpen Trader Senior Investor

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    EURUSD Technical Analysis – 01st JULY, 2024

    EURUSD – Parabolic SAR Bullish Reversal
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    EURUSD was unable to sustain its bearish momentum and after touching a low of 1.0705 the prices started to bounce upwards touching a high of 1.0755 against the United States Dollar.
    The Parabolic SAR indicator is giving a bullish reversal signal in the daily timeframe.
    The momentum indicator is back over zero indicating the bullish trends.

    The Arron indicator is also giving bullish trend signal in the weekly timeframe.
    We can also see the formation of Upside Gap in the daily timeframe which suggest the Bullish nature of the markets.

    EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.
    • Euro Bullish Reversal seen above the 1.0705 mark.
    • Short-term range appears to be Mildly Bullish.
    • EURUSD continues to remain above the 1.0700 levels.
    • Average true range ATR is indicating less market volatility.


    The next resistance is located at 1.0769 at which the Price Crosses 40 Day Moving Average Stalls.
    EURUSD is now trading below its Pivot levels of 1.0763 and is moving into a Mild Bullish channel.

    The price of EURUSD remains above its Classic support levels of 1.0740 and is moving towards its next target of 1.0791 which is a 50% Retracement From 4 Week High/Low.

    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
     
  7. FXOpen Trader

    FXOpen Trader Senior Investor

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    GBPUSD Technical Analysis – 01st JULY, 2024

    GBPUSD – Bullish Price Crossover
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    GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2630 the prices started to bounce upwards touching a high of 1.2688 against the United States dollar.
    We can see the formation of Bullish Price crossover pattern with Moving Average MA100 in the 2-hourly timeframe.
    The Resistance of the channel is broken in the 1-hourly timeframe.
    The Super Trend indicator is also giving a bullish reversal signal in the 2-hourly timeframe.
    We have also seen a Bullish opening of the markets this week.

    The prices of GBPUSD are ranging near the support of the channel in the daily timeframe.
    GBPUSD is now trading above its 100-hour SMA and above its 200-hour SMA simple moving average.
    • Pound Bullish Reversal seen above the 1.2630 mark.
    • Short-term range appears to be Mild Bullish.
    • GBPUSD continues to remain above the 1.2650 levels.
    • Average true range ATR is indicating less market volatility.



    GBPUSD is now trading below its Pivot levels of 1.2672 and is moving into a Mild Bullish channel.
    The price of GBPUSD is above its Classic support levels of 1.2660 with further progression towards the 1.265 which is a 14 Day RSI at 50%.

    We are also looking for the breach of the levels of 1.2687 which is a 14-3 Day Raw Stochastic at 30%.

    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
     
  8. FXOpen Trader

    FXOpen Trader Senior Investor

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    GBPUSD Technical Analysis – 09th JULY, 2024

    GBPUSD – Bearish Harami Cross
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    GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2844 on 8th July the prices have started to decline against the United States dollar.

    We can see the formation of Bearish Harami Cross pattern in the weekly timeframe.
    The prices of GBPUSD are also ranging near a new low record of 1 months which is also bearish in nature.
    The RSI indicator is giving a bearish divergence signal in the weekly timeframe.
    The prices of GBPUSD are ranging near the resistance of the channel in the weekly timeframe, and near the horizontal resistance in the 15-minutes timeframe.

    GBPUSD is now trading above its 100-hour SMA and above its 200-hour SMA simple moving average.
    • Pound Bearish Reversal seen below the 1.2844 mark.
    • Short-term range appears to be Mild Bearish.
    • GBPUSD continues to remain above the 1.2800 levels.
    • Average true range ATR is indicating less market volatility.


    GBPUSD is now trading just near to its Pivot levels of 1.2809 and is moving into a Mild Bearish channel.
    The price of GBPUSD is above its Classic support levels of 1.2799 levels which is a 14-3 Day Raw Stochastic at 80%.
    We are also looking for the breach of the levels of 1.2785 which is a Pivot Point 1st Support Point.

    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
     
  9. FXOpen Trader

    FXOpen Trader Senior Investor

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    EURUSD Technical Analysis – 09th JULY, 2024

    EURUSD – Bearish Price Crossover
    [​IMG]
    EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0844 the prices have started to decline touching a low of 1.0818 today in the Asian trading session.

    We can see the formation of Bearish price crossover pattern with the Adaptive Moving average AMA20 and AMA50 in the 15-minutes timeframe.
    The Parabolic SAR indicator is also giving a bearish reversal signal in the 15-minutes timeframe.
    The RSI indicator is back under 50 in the 30-minutes timeframe.
    We can also see that the price is back under the pivot point in the 1-hourly timeframe.

    EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.
    • Euro Bearish Reversal seen below the 1.0844 mark.
    • Short-term range appears to be Mildly Bearish.
    • EURUSD continues to remain above the 1.0800 levels.
    • Average true range ATR is indicating less market volatility.


    The next support is located at 1.0802 which is a Pivot Point 1st Support Point.
    EURUSD is now trading below its Pivot levels of 1.0829 and is moving into a Mild Bearish channel.

    The price of EURUSD remains above its Classic support levels of 1.0822 and is moving towards its next target of 1.0809 which is a 14-3 Day Raw Stochastic at 80%.

    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
     
  10. FXOpen Trader

    FXOpen Trader Senior Investor

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    EURUSD Technical Analysis – 11th JULY, 2024

    EURUSD – Bullish Trend Reversal
    [​IMG]
    EURUSD was unable to sustain its bearish momentum and after touching a low of 1.0813 on 10th July the prices have stabilized and we can see a resumption of the Uptrend in the markets.
    We can see the formation of Bullish Trend reversal pattern with the Adaptive Moving average AMA50 and AMA100 in the weekly timeframe.
    The resistance of the channel is broken in the daily timeframe which is indicative of the bullish trend present in the markets.
    The RSI indicator is back over 50 in the 15-minutes timeframe.

    Some of the technical indicators are also giving a neutral tone which indicates the presence of the consolidation wave in the markets.
    We have also seen the prices of EURUSD ranging near a new high record in the weekly timeframe.

    EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.
    • Euro Bullish Reversal seen above the 1.0814 mark.
    • Short-term range appears to be Mildly Bullish.
    • EURUSD continues to remain above the 1.0820 levels.
    • Average true range ATR is indicating less market volatility.

    The next resistance is located at 1.0843 which is a Pivot Point 2nd Level Resistance.
    EURUSD is now trading below just near to its Pivot levels of 1.0836 and is moving into a Mild Bullish channel.

    The price of EURUSD remains above its Classic support levels of 1.0831 and is moving towards its next target of 1.0862 which is a 50% Retracement From 52 Week High/Low.


    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
     

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