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Author Topic: Daily Market Analytics - Forex  (Read 1944 times)

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Reply #45 on: June 08, 2024, 05:46:18 AM
EURUSD Technical Analysis – 07th JUNE, 2024

EURUSD – Bearish Price Crossover Pattern

 
EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0901 the prices started declining against the United States Dollar.
We can see the formation of Bearish Price Crossover pattern with the Adaptive Moving Average AMA20 and AMA50 in the 30-minutes timeframe.
The CCI Indicator is giving a Bearish Divergence signal in the 15-minutes timeframe.
The MACD crosses DOWN its Moving Average in the 30-minutes timeframe.

The Ichimoku price is under the cloud in the 30-minutes timeframe which is indicative of the Bearish Tendencies present into the markets.
We can also see the formation of a Long Black Line in the 30-minutes timeframe which is a Bearish formation.
The Super Trend indicator is also giving a bearish reversal signal 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 1.0901 mark.
•   Short-term range appears to be Strongly Bearish.
•   EURUSD continues to remain below the 1.0840 levels.
•   Average true range ATR is indicating high market volatility.

The next support is located at 1.0828 which is a 14 Day RSI at 50%.
EURUSD is now trading below its Pivot levels of 1.0896 and is moving into a Strongly Bearish channel.

The price of EURUSD remains below its Classic support levels of 1.0875 and is moving towards its next target of 1.0826 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



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Reply #46 on: June 08, 2024, 05:53:42 AM
GBPUSD Technical Analysis – 07th JUNE, 2024

GBPUSD – Bearish Price Crossover Pattern

 
GBPUSD was unable to sustain its bullish momentum and after touching a high of 1.2811, the prices started correcting downwards crossing the 1.2725 handle today in the European Trading session.
We have detected the formation of Bearish price crossover pattern with the Adaptive Moving Average AMA 20, AMA50 and AMA100 in the 30-minutes timeframe.
The MACD crosses DOWN its Moving Average in the 30-minutes timeframe indicative of the Bearish Trends.

Both the Parabolic SAR indicator and RSI indicator are giving a bearish reversal signal in the 30-minutes timeframe.
We can also see the Ichimoku price is under the cloud in the 30-minutes 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 1.2811 mark.
•   Short-term range appears to be Strongly Bearish.
•   GBPUSD continues to remain Below the 1.2730 levels.
•   Average true range ATR is indicating high market volatility.

GBPUSD is now trading below its Pivot levels of 1.2761 and is moving into a Strongly Bearish channel.
The price of GBPUSD is aiming to cross its Classic support levels of 1.2704 with further progression towards the 1.2702 which is a 3-10-16 Day MACD Moving Average Stalls.
We are also looking for the breach of the levels of 1.2686 which is a 14 Day RSI at 50%.

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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Reply #47 on: June 08, 2024, 06:01:53 AM
AUDUSD Technical Analysis – 07th JUNE, 2024

AUDUSD – Bearish Trend Reversal

 
AUDUSD was unable to sustain its bullish momentum and after touching a high of 0.6680 started its bearish correction phase coming down below the 0.6600 handle today in the European Trading session.
We can see the formation of Bearish Trend Reversal pattern with the Moving Average MA20, MA50 and MA100 in the 1-hourly timeframe.
The Parabolic SAR indicator is giving a bearish reversal signal in the 2-hourly timeframe.

We can also see the formation of Long Black line which is indicative of the bearish tendencies present in the markets.
The MACD crosses DOWN its Moving Average in the 4-hourly timeframe indicating the Bearish Trends.
The Super Trend Indicator is giving a Bearish Signal in the 4-hourly timeframe.

AUDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•   AUDUSD Bearish Reversal seen Below the 0.6680 mark.
•   Short-term range appears to be Strongly Bearish.
•   AUDUSD continues to remain Below the 0.6600 levels.
•   Average true range ATR is indicating high market volatility.

The next Support is located at 0.6585 which is a 50% Retracement From 52 Week High/Low.
AUDUSD is now trading below its Pivot levels of 0.6628 and is moving into a Strong bearish channel. The price of AUDUSD remains above its Classic resistance levels of 0.6585 and is moving towards its next target of 0.6582 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



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Reply #48 on: June 08, 2024, 06:06:32 AM
NZDUSD Technical Analysis – 07th JUNE, 2024

NZDUSD – Moving Average Bearish Crossovers


NZDUSD was unable to sustain its bullish momentum and after touching a high of 0.6202 started its bearish correction phase coming down below the 0.6130 handle today in the European Trading session.
We can see the formation of Moving Average Bearish Crossovers pattern with the MA20 and MA50 in the 1-hourly timeframe.
The Aroon indicator is giving bearish trend signal in the 2-hourly timeframe.

The Ichimoku price is under the cloud in the 2-hourly timeframe indicating the bearish trends.
The Super Trend indicator is also giving bearish reversal signal in the 2-hourly timeframe.

NZDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•   NZDUSD Bearish Reversal seen Below the 0.6202 mark.
•   Short-term range appears to be Strongly Bearish.
•   NZDUSD continues to remain Below the 0.6130 levels.
•   Average true range ATR is indicating high market volatility.

The next Support is located at 0.6109 which is a 14-3 Day Raw Stochastic at 20%.
NZDUSD is now trading below its Pivot levels of 0.6159 and is moving into a Strongly bearish channel. The price of NZDUSD remains above its Classic resistance levels of 0.6117 and is moving towards its next target of 0.6101 which is a 14 Day RSI at 50%.

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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Reply #49 on: June 11, 2024, 11:39:35 AM
EURUSD Technical Analysis – 11th JUNE, 2024

EURUSD – Bearish Price Crossover Pattern

 
EURUSD continues its bearish momentum from last week after failing to clear the resistance of 1.0780 the prices of Euro continue to decline against the United States Dollar.
We can see the formation of Bearish Price Crossover pattern with the Adaptive Moving Average AMA20 and AMA100 in the weekly timeframe.
The Parabolic SAR indicator is giving a bearish reversal signal in the 2-hourly timeframe.
The Ichimoku price is under the cloud in the 15-minutes timeframe indicating the bearish trends.

The support of the channel is also broken in the 15-minutes timeframe.
The prices of EURUSD are back under the Pivot point in the 2-hourly timeframe indicative of the bearish trends present in the markets.
We can also see the formation of a Downside GAP in the weekly timeframe which also suggests the continuation of the selling pressure in the markets.

EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•   Euro Bearish Continuation seen Below the 1.0780 mark.
•   Short-term range appears to be Mildly Bearish.
•   EURUSD continues to remain below the 1.0800 levels.
•   Average true range ATR is indicating less market volatility.

The next support is located at 1.0739 which is a 38.2% Retracement From 13 Week Low.
EURUSD is now trading below its Pivot levels of 1.0751 and is moving into a Mild Bearish channel.

The price of EURUSD remains above its Classic support levels of 1.0715 and is moving towards its next target of 1.0736 which is a 3-10 Day MACD Oscillator Stalls.

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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Reply #50 on: June 11, 2024, 11:43:05 AM
GBPUSD Technical Analysis – 11th JUNE, 2024

GBPUSD – Near Resistance of Channel

 
GBPUSD continues its bearish momentum from last week after failing to clear the resistance located at 1.2750 as the prices continue to decline against the United States Dollar.
The prices of GBPUSD are near the resistance of channel in the 1-hourly timeframe indicating the bearish trends present in the markets.
We can see the formation of Bearish Trend Reversal pattern with the Adaptive Moving Average AMA20 in the 2-hourly timeframe.

Some of the technical indicators are also giving a bullish stance which means that prices may be due for a short-term upwards correction.
The prices of GBPUSD are ranging near a new record low of 1-months.

GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average.
•   Pound Bearish Continuation seen below the 1.2737 mark.
•   Short-term range appears to be Mild Bearish.
•   GBPUSD continues to remain Below the 1.2750 levels.
•   Average true range ATR is indicating less market volatility.

GBPUSD is now trading above its Pivot levels of 1.2726 and is moving into a Mild Bearish channel.
The price of GBPUSD is aiming to cross its Classic support levels of 1.2720 with further progression towards the 1.2718 which is a 14-3 Day Raw Stochastic at 30%.

We are also looking for the breach of the levels of 1.2700 at which the Price Crosses 9 Day Moving Average Stalls.

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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Reply #51 on: June 11, 2024, 11:46:25 AM

AUDUSD Technical Analysis – 11th JUNE, 2024

AUDUSD – Near Resistance of Triangle

 
AUDUSD continues its bearish momentum from last week after failing to clear the resistance levels located at 0.6620 as we can see a continuous decline in its levels today in the European Trading session.
The prices of NZDUSD are ranging near the resistance of triangle in the weekly timeframe which indicates the bearish trends present in the markets.
The prices are back under the Pivot point in both the 4-hourly and daily timeframe indicating the bearish tendencies.

We can see the formation of Bearish price crossover pattern with the Adaptive Moving Average AMA20 in the 2-hourly timeframe.
The MACD crosses DOWN its Moving Average in the 1-hourly timeframe indicating the Bearish Trends.
The Momentum indicator is back under Zero in the 30-minutes timeframe.

AUDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•   AUDUSD Bearish Continuation seen Below the 0.6612 mark.
•   Short-term range appears to be Mild Bearish.
•   AUDUSD continues to remain Below the 0.6600 levels.
•   Average true range ATR is indicating less market volatility.

The next Support is located at 0.6585 which is a 50% Retracement From 52 Week High/Low.
AUDUSD is now trading below its Pivot levels of 0.6597 and is moving into a Mild bearish channel.

The price of AUDUSD remains below its Classic resistance levels of 0.6601 and is moving towards its next target of 0.6579 which is a 38.2% Retracement From 13 Week High.

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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Reply #52 on: June 11, 2024, 11:49:47 AM
NZDUSD Technical Analysis – 11th JUNE, 2024

NZDUSD – Aroon Indicator Bearish Trend


NZDUSD continues its bearish momentum from last week after failing to clear the resistance located at 0.6140 as the prices continue to decline against the United States Dollar.
The prices of NZDUSD are ranging near the resistance of the triangle in the weekly timeframe indicating the bearish trends.

The Aroon indicator is giving bearish trend signal in the 15-minutes timeframe.
The prices are also ranging near a new record low of 1-months in the weekly timeframe.
Some of the technical indicators are also giving a Bullish trend signal which indicates that the prices may be due for upwards correction in the immediate short term.

NZDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•   NZDUSD Bearish Continuation seen Below the 0.6132 mark.
•   Short-term range appears to be Mild Bearish.
•   NZDUSD continues to remain Below the 0.6130 levels.
•   Average true range ATR is indicating less market volatility.

The next Support is located at 0.6122 which is a 14-3 Day Raw Stochastic at 30%.
NZDUSD is now trading just near to its Pivot levels of 0.6126 and is moving into a Mild bearish channel.

The price of NZDUSD remains below its Classic resistance levels of 0.6130 and is moving towards its next target of 0.6115 at which the Price Crosses 9 Day Moving Average Stalls.

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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Reply #53 on: June 14, 2024, 03:20:50 PM
EURUSD Technical Analysis – 14th JUNE, 2024

EURUSD – Moving Average Bearish Crossover pattern



EURUSD was unable to sustain its bullish rebound from the lower levels and after touching a high of 1.0850 the prices started to decline against the United States Dollar.
We can see the formation of Moving Average Bearish Crossover pattern with the Moving Average MA20 and MA50 in the 2-hourly timeframe.
The Support of the channel is broken in the daily timeframe indicating the bearish tendencies.
The Super Trend indicator is also giving a bearish reversal signal in the daily timeframe.
The RSI indicator and Pivot points are giving a Neutral stance in the 30-minutes timeframe.

The prices of EURUSD are ranging near the horizontal resistance in the 15-minutes timeframe.
Some of the technical indicators are also giving a neutral stance which means that the prices are expected to enter into a consolidation zone.

EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•   Euro Bearish Reversal seen Below the 1.0850 mark.
•   Short-term range appears to be Mildly Bearish.
•   EURUSD continues to remain below the 1.0700 levels.
•   Average true range ATR is indicating high market volatility.

The next support is located at 1.0689 which is a Price 3 Standard Deviations Support.
EURUSD is now trading below its Pivot levels of 1.0697 and is moving into a Mild Bearish channel.

The price of EURUSD remains above its Classic support levels of 1.0683 and is moving towards its next target of 1.0676 which is a 3-10 Day MACD Oscillator Stalls.

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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Reply #54 on: June 14, 2024, 03:25:07 PM
GBPUSD Technical Analysis – 14th JUNE, 2024

GBPUSD – Bearish Trend Reversal

 
GBPUSD was unsuccessful in its bullish rebound attempt and after touching a high of 1.2858, the prices continue to decline against the United States Dollar.
The support of the channel is broken in the 1-hourly timeframe.
We can see the formation of Bearish Trend Reversal pattern with the Moving Average MA20 and MA100 in the 4-hourly timeframe.
The Parabolic SAR indicator is giving a bearish reversal signal in the daily timeframe.
The prices of GBPUSD are ranging near the resistance of the triangle 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 1.2858 mark.
•   Short-term range appears to be Mild Bearish.
•   GBPUSD continues to remain Below the 1.2700 levels.
•   Average true range ATR is indicating high market volatility.

GBPUSD is now trading below its Pivot levels of 1.2707 and is moving into a Mild Bearish channel.
The price of GBPUSD is aiming to cross its Classic support levels of 1.2680 with further progression towards the 1.2662 which is a Pivot Point 3rd Support Point.

We are also looking for the breach of the levels of 1.2646 which is a 38.2% Retracement From 13 Week High.

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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Reply #55 on: June 14, 2024, 03:29:26 PM
AUDUSD Technical Analysis – 14th JUNE, 2024

AUDUSD – Bearish Price Crossover

 
AUDUSD was unable to sustain its bullish rebound and after touching a high of 0.6704, we can see a continuous decline in its levels today in the European Trading session.
The prices of AUDUSD are ranging near the resistance of channel in the 15-minutes timeframe which indicates the bearish trends present in the markets.
The support of the channel is broken in the 1-hourly timeframe.

We can see the formation of Bearish price crossover pattern with the Adaptive Moving Average AMA20 in the daily timeframe.
The Aroon indicator is giving a bearish trend formation in the 4-hourly timeframe.
The Momentum indicator is back under Zero in the 4-hourly timeframe.

AUDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•   AUDUSD Bearish Reversal seen Below the 0.6704 mark.
•   Short-term range appears to be Mild Bearish.
•   AUDUSD continues to remain Below the 0.6610 levels.
•   Average true range ATR is indicating high market volatility.

The next Support is located at 0.6596 which is a Pivot Point 2nd Support Point.
AUDUSD is now trading below its Pivot levels of 0.6609 and is moving into a Mild bearish channel.

The price of AUDUSD remains below its Classic resistance levels of 0.6617 and is moving towards its next target of 0.6585 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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Reply #56 on: June 14, 2024, 03:34:38 PM
NZDUSD Technical Analysis – 14th JUNE, 2024

NZDUSD – Bearish Trend Reversal

 
NZDUSD was unable to sustain its bullish rebound and after touching a high of 0.6220, the prices continue to decline against the United States Dollar.
The prices of NZDUSD are ranging near the horizontal resistance in the 15-minutes timeframe indicating the bearish trends.
The MACD crosses DOWN its Moving average in the 30-minutes timeframe.

The support of the channel is also broken in the 1-hourly timeframe which indicates the presence of the bearish pressure into the markets.
The Ichimoku price is under the cloud in the 2-hourly timeframe.

NZDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•   NZDUSD Bearish Reversal seen Below the 0.620 mark.
•   Short-term range appears to be Mild Bearish.
•   NZDUSD continues to remain Below the 0.6130 levels.
•   Average true range ATR is indicating high market volatility.

The next Support is located at 0.6116 which is a 14 Day RSI at 50%.
NZDUSD is now trading below its Pivot levels of 0.6131 and is moving into a Mild bearish channel.

The price of NZDUSD remains below its Classic resistance levels of 0.6139 and is moving towards its next target of 0.6106 which is a 38.2% Retracement From 4 Week 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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Reply #57 on: June 18, 2024, 09:01:38 AM
EURUSD Technical Analysis – 17th JUNE, 2024

EURUSD – Bullish Trend Reversal

 
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



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Reply #58 on: June 18, 2024, 09:06:36 AM
GBPUSD Technical Analysis – 17th JUNE, 2024

GBPUSD – Bullish Price Crossover

 
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



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Reply #59 on: June 18, 2024, 09:10:31 AM
NZDUSD Technical Analysis – 17th JUNE, 2024

NZDUSD – Bullish Trend Reversal

 
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



 

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