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Author Topic: Daily Market Analytics - Forex  (Read 2589 times)

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Reply #30 on: March 13, 2024, 07:22:14 PM
GBPUSD Technical Analysis – 13th MAR, 2024

GBPUSD – Bullish Trend Reversal


GBPUSD was indecisive today moving in a zigzag pattern after which we can see some fresh bullish confirmations coming into the markets.
The prices of Pound are expected to enter into a consolidation zone after which we can see some upwards correction towards the 1.2838 levels.
We can see the formation of Bullish Trend Reversal pattern with Moving Average MA50 in the 1-hourly timeframe.

We have also detected the formation of Ichimoku - Bullish crossover: Tenkan & Kijun pattern in the 1-hourly timeframe which is a bullish pattern.
The RSI indicator is back over 50 in the 2-hourly timeframe indicating a Bullish tone present in the markets.

GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average.
  • Pound bullish reversal seen above the 1.2775 mark.
  • Short-term range appears to be Neutral.
  • GBPUSD continues to remain above the 1.2800 levels.
  • Average true range ATR is indicating high market volatility.

GBPUSD is now trading below its Pivot levels of 1.2805 and is moving into a Consolidation channel.
The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2813 after which we can see an upwards bullish pressure towards the 1.2851 levels which is a 3-10 Day MACD Oscillator Stalls.

Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading.

For in-depth analysis, please check FXOpen Blog



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Reply #31 on: March 20, 2024, 10:17:38 PM
EURUSD Technical Analysis – 20th MAR, 2024

EURUSD – Bullish Trend Reversal


EURUSD started this week on a bearish note touching a low of 1.0834 on 19th March after which we can see that the prices have entered into a consolidation channel.
Today we saw that the prices of EURUSD were able to manage a breakout and we saw the emergence of a bullish momentum with a continuous uptick in the prices of EURUSD.
We can see the formation of Bullish Trend Reversal pattern with the Adaptive Moving Average AMA20, AMA50 and AMA100 in the 4-hourly timeframe.

The MACD indicator is back over zero in the 2-hourly timeframe indicating a bullish tone present in the markets.
Most of the technical indicators are giving a bullish tone with further upsides located at 1.0943 which is a 14-3 Day Raw Stochastic at 80%.
In the short term we are now looking at some market consolidation after which the prices will start moving upwards with immediate targets of 1.0948 at which the Price Crosses 9 Day Moving Average Stalls.

EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.

  • Euro bullish reversal seen above the 1.0936 mark.
  • Short-term range appears to be Neutral.
  • EURUSD continues to remain above the 1.0900 levels.
  • Average true range ATR is indicating high market volatility.

The next resistance is located at 1.0943 which is a 14-3 Day Raw Stochastic at 80%.
EURUSD is now trading above its Pivot levels of 1.0915 and is moving into a Consolidation channel. The price of EURUSD remains above its Classic support levels of 1.0907 and is moving towards its next target of 1.0948.

Disclaimer: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. 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 #32 on: March 20, 2024, 10:27:20 PM
GBPUSD Technical Analysis – 20th MAR, 2024

GBPUSD – Resistance of Channel is Broken


GBPUSD opened this week on a bearish note and touched a low of 1.2666 on 19th March after which we can see the prices moving towards the consolidation phase in the markets.
Today we saw a bullish breakout in the markets with the prices of GBPUSD touching a high of 1.2786 in the US Trading session.
The Resistance of the channel is broken in the 1-hourly timeframe. We can also see the formation of Moving Average Bullish crossovers: AMA20 and AMA50 in the 1-hourly timeframe.

We have also detected the formation of Bullish Harami pattern in the weekly timeframe.
Some of the technical indicators are also giving a neutral stance indicating the presence of the consolidation wave in the markets.

GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.

  • Pound bullish reversal seen above the 1.2683 mark.
  • Short-term range appears to be Neutral.
  • GBPUSD continues to remain above the 1.2770 levels.
  • Average true range ATR is indicating high market volatility.

GBPUSD is now trading above its Pivot levels of 1.2779 and is moving into a Consolidation channel.

The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2791 after which we can see an upwards bullish pressure towards the 1.2808 at which the Price Crosses 9 Day Moving Average Stalls.
GBPUSD is poised to continue its bullish moves with the immediate targets of 1.2835 which is a 14-3 Day Raw Stochastic at 80%.

Disclaimer: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. 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 #33 on: March 25, 2024, 10:37:57 PM
EURUSD Technical Analysis – 25th MAR, 2024

EURUSD – Bullish Harami Pattern


EURUSD started this week on a bearish note touching a low of 1.0801 today in the early Asian trading session, after which we can see that the prices have entered in a consolidation phase.
We can see the start of a Bullish Trend from the 1.806 levels with a continued escalation in the prices of Euro towards the 1.0840 levels.
We can see the formation of Bullish Harami pattern in the daily timeframe and now we are looking to cross 1.0866 which is a 14 Day RSI at 50%.

The price of EURUSD is back over the pivot point in the daily timeframe indicating the presence of the bullish trend in the markets.
The price of Euro is ranging near the support of the Channel and Triangle in the weekly timeframe.
Most of the technical indicators are giving a bullish tone with further upsides located at 1.0866 which is a 38.2% Retracement From 4 Week Low.


EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
  • Euro bullish reversal seen above the 1.0807 mark.
  • Short-term range appears to be Neutral.
  • EURUSD continues to remain above the 1.0825 levels.
  • Average true range ATR is indicating less market volatility.

The next resistance is located at 1.0866 which is a 38.2% Retracement From 4 Week Low.
EURUSD is now trading below its Pivot levels of 1.0838 and is moving into a Consolidation channel. The price of EURUSD remains above its Classic support levels of 1.0835 and is moving towards its next target of 1.0866.


Disclaimer: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. 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 #34 on: March 25, 2024, 10:42:55 PM
GBPUSD Technical Analysis – 25th MAR, 2024

GBPUSD – Bullish Engulfing Lines


GBPUSD opened this week on a bearish note from its decline last week and touched a low of 1.2594 after which we can see a continuous upsurge in its levels.
We can see the formation of Bullish Engulfing lines in the 1-hourly timeframe.
The Aroon indicator is giving a bullish trend in the 15-minutes timeframe.

We have also detected the formation of Moving Average bullish crossovers: MA50 & MA100 in the 30-minutes timeframe.
The support of the channel is broken and the prices of GBPUSD are ranging near horizontal support in the daily timeframe.

GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
  • Pound bullish reversal seen above the 1.2594 mark.
  • Short-term range appears to be Neutral.
  • GBPUSD continues to remain above the 1.2620 levels.
  • Average true range ATR is indicating less market volatility.

GBPUSD is now trading below its Pivot levels of 1.2637 and is moving into a Consolidation channel.
The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2639 after which we can see an upwards bullish pressure towards the 1.2661 which is a 38.2% Retracement From 13 Week Low.

GBPUSD is poised to continue its bullish moves with the immediate targets of 1.2670 which is a 14-3 Day Raw Stochastic at 30%.

Disclaimer: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. 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 #35 on: April 16, 2024, 11:08:55 AM
EURUSD Technical Analysis – 16th APR, 2024

EURUSD – Bullish Trend Reversal


EURUSD started this week moving in a zigzag pattern and we can see that the prices entered into a consolidation phase yesterday after which we can see the resumption of the Uptrend.
We can see the formation of a Bullish Trend Reversal pattern with both the Moving Average and the Adaptive Moving averages in the 30-minutes timeframe.
Some of the Technical Indicators are also giving a Neutral stance present into the markets.

We can see that the MACD crosses UP its Moving Average in the 4-hourly timeframe indicating a Bullish Trend present into the markets.
The Resistance of the channel is broken in the 15-minutes timeframe indicating the Bullish tone of the markets.

EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
  • Euro bullish reversal seen above the 1.0607 mark.
  • Short-term range appears to be Neutral.
  • EURUSD continues to remain above the 1.0620 levels.
  • Average true range ATR is indicating less market volatility.

The next resistance is located at 1.0663 which is a Price 2 Standard Deviations Resistance.
EURUSD is now trading below its Pivot levels of 1.0627 and is moving into a Consolidation channel. The price of EURUSD remains above its Classic support levels of 1.0601 and is moving towards its next target of 1.0663.

Disclaimer: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. 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 #36 on: April 16, 2024, 11:12:10 AM

GBPUSD Technical Analysis – 16th APR, 2024

GBPUSD – Resistance of Channel is Broken

 
GBPUSD opened this week on an uncertain note after which we can see that the prices have started to move towards the consolidation phase.
We can see the resumption of the Uptrend within the Hourly chart of GBPUSD today.
The Resistance of the Channel is Broken in the 15-minutes Timeframe.
The MACD Indicator is back over Zero indicating the Bullish Trend formation in the 30-minutes timeframe.
The prices of GBPUSD are ranging Near the Support of the Channel in the Daily Timeframe.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
  • Pound bullish reversal seen above the 1.2426 mark.
  • Short-term range appears to be Neutral.
  • GBPUSD continues to remain above the 1.2440 levels.
  • Average true range ATR is indicating less market volatility.

GBPUSD is now trading below its Pivot levels of 1.2448 and is moving into a Consolidation channel.
The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2460 after which we can see an upwards bullish pressure towards the 1.2483 which is a 14-3 Day Raw Stochastic at 20%.

Disclaimer: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. 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 #37 on: May 02, 2024, 01:03:27 PM
EURUSD Technical Analysis – 02nd MAY, 2024

EURUSD – Bearish Trend Reversal


EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0727 started its bearish momentum below the 1.0700 levels.
We can see the formation of a Bearish Trend Reversal pattern with the Adaptive Moving Average AMA100 in the 4-hourly timeframe.
We can see that the price of Euro is back under the Pivot point in the Daily timeframe.

Some of the Technical Indicators are also giving a Sell signal below the 1.0710 levels.
Both the Support of the Channel and Triangle is broken in the 15-minutes timeframe.

EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.

  • Euro Bearish Reversal seen Below the 1.0727 mark.
  • Short-term range appears to be Neutral.
  • EURUSD continues to remain Below the 1.0720 levels.
  • Average true range ATR is indicating less market volatility.

The next Support is located at 1.0683 which is a 3-10-16 Day MACD Moving Average Stalls.
EURUSD is now trading below its Pivot levels of 1.0702 and is moving into a Mild bearish channel. The price of EURUSD remains above its Classic support levels of 1.0685 and is moving towards its next target of 1.0683.


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 #38 on: May 02, 2024, 01:06:44 PM
GBPUSD Technical Analysis – 02nd MAY, 2024

GBPUSD – Bearish Trend Reversal

 
GBPUSD was unable to sustain its Bullish momentum this week and after touching a high of 1.2543 today, it started to decline towards the 1.2500 levels.
We can see the formation of Bearish Trend Reversal pattern with the Moving Average MA50 in the 2-hourly timeframe.
The prices of Pound are back under the Pivot point in the 2-hourly timeframe.

Some of the Technical indicators are giving a Sell signal at the current market levels of 1.2517.
The Support of the channel is broken in the 15-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 1.2543 mark.
  • Short-term range appears to be Neutral.
  • GBPUSD continues to remain Below the 1.2520 levels.
  • Average true range ATR is indicating less market volatility.

GBPUSD is now trading just above its Pivot levels of 1.2512 and is moving into a Consolidation channel.
The price of GBPUSD is aiming to cross its Classic Support Levels of 1.2500 after which we can see downwards bearish pressure towards the 1.2488 which is a 14-3 Day Raw Stochastic at 70%.

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 #39 on: June 03, 2024, 03:31:39 PM
EURUSD Technical Analysis – 03rd JUNE, 2024

EURUSD – Bullish Trend Reversal



EURUSD was unable to sustain its bearish momentum and after touching a low of 1.0790 started its bullish correction phase touching a high of 1.0880 today in the European Trading session.
We can see the formation of a Bullish Trend Reversal pattern with the Moving Average MA20 in the 30-minutes timeframe.
Both the Resistance of the channel and triangle is broken in the 30-minutes timeframe.

We can also see the formation of White line without lower shadow in the 15-minutes timeframe which is indicative of the present Bullish trend in the markets.
The Ichimoku price is over the cloud in the 30-minutes timeframe indicating the Bullish momentum of the markets.
The Parabolic SAR indicator is giving a bullish reversal signal in the 1-hourly timeframe.
EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.

•   Euro Bullish Reversal seen above the 1.0790 mark.
•   Short-term range appears to be Mild Bullish.
•   EURUSD continues to remain Above the 1.0870 levels.
•   Average true range ATR is indicating high market volatility.


The next Resistance is located at 1.0895 which is a 1-Months High.

EURUSD is now trading above its Pivot levels of 1.0835 and is moving into a Mild bullish channel. The price of EURUSD remains above its Classic resistance levels of 1.0856 and is moving towards its next target of 1.0917 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.

For in-depth analysis, please check FXOpen Blog



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Reply #40 on: June 03, 2024, 03:39:41 PM
GBPUSD Technical Analysis – 03rd JUNE, 2024

GBPUSD – Resistance of Channel is Broken

 
GBPUSD was unable to sustain its bearish momentum and after touching a low of 1.2685, the prices started correcting upwards crossing the 1.2780 handle today in the European Trading session.
We have detected the formation of Moving Average Bullish crossover pattern with the MA20 & MA50 in the 15-minutes timeframe.
The resistance of the channel and triangle is broken in the 1-hourly timeframe.

We can see the Super Trend indicator bullish reversal signal in the 1-hourly timeframe.
The Parabolic SAR indicator is giving a bullish reversal signal in the 2-hourly timeframe.
The Ichimoku price is over the cloud in the 4-hourly 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 1.2685 mark.
•   Short-term range appears to be Mild Bullish.
•   GBPUSD continues to remain Above the 1.2760 levels.
•   Average true range ATR is indicating High market volatility.

GBPUSD is now trading just above its Pivot levels of 1.2771 and is moving into a Strongly Bullish channel.
The price of GBPUSD is aiming to cross its Classic Resistance levels of 1.2785 after which we can see the breach of 1.2800 levels which is a 1-months 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 #41 on: June 06, 2024, 12:26:51 PM
EURUSD Technical Analysis – 06th JUNE, 2024

EURUSD – Bearish Price Crossover pattern


EURUSD was unable to sustain its bullish momentum and after touching a low of 1.0895 started its bearish correction phase coming down below the 1.0880 handle today in the European Trading session.
We can see the formation of Bearish Price Crossover pattern with the Moving Average MA20 and MA50 in the 1-hourly timeframe.
The prices of Euro are ranging near the resistance of the channel in the 1-hourly timeframe indicating the bearish nature of the markets.

We can also see the formation of Doji which is indicative of the Neutral stance present in the markets.
The RSI Indicator is back under 50 in the 1-hourly timeframe indicating the Bearish Trend.

EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.
•   Euro Bearish Reversal seen Below the 1.0895 mark.
•   Short-term range appears to be Mild Bearish.
•   EURUSD continues to remain Below the 1.0880 levels.
•   Average true range ATR is indicating less market volatility.

The next Support is located at 1.0873 which is a 3-10 Day MACD Oscillator Stalls.

EURUSD is now trading below its Pivot levels of 1.0879 and is moving into a Mild bearish channel. The price of EURUSD remains below its Classic resistance levels of 1.0883 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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Reply #42 on: June 06, 2024, 01:20:16 PM
GBPUSD Technical Analysis – 06th JUNE, 2024

GBPUSD – Bearish Trend Reversal


GBPUSD was unable to sustain its bullish momentum and after touching a high of 1.2808, the prices started correcting downwards crossing the 1.2780 handle today in the European Trading session.
We have detected the formation of Bearish Trend Reversal pattern with the Adaptive Moving Average AMA50 in the 1-hourly timeframe.
The MACD crosses DOWN its Moving Average in the 2-hourly timeframe indicative of the Bearish Trends.

The price of GBPUSD is back under the Pivot point in the 4-hourly timeframe which indicates the bearish pressure present into the markets.
The prices are ranging near the resistance of the channel in the daily timeframe indicating the Bearish Trends.

GBPUSD is now trading above its 100-hour SMA and above its 200-hour SMA simple moving average.
•   Pound Bearish Reversal seen below the 1.2808 mark.
•   Short-term range appears to be Mild Bearish.
•   GBPUSD continues to remain Below the 1.2780 levels.
•   Average true range ATR is indicating less market volatility.

GBPUSD is now trading just below its Pivot levels of 1.2782 and is moving into a Strongly Bearish channel.
The price of GBPUSD is aiming to cross its Classic support levels of 1.2765 which is a 14-3 Day Raw Stochastic at 70%.

We are also looking for the breach of the levels of 1.2758 in the immediate short term at which the Price Crosses 9 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 #43 on: June 06, 2024, 01:25:28 PM
AUDUSD Technical Analysis – 06th JUNE, 2024

AUDUSD – Bearish Price Crossover pattern


AUDUSD was unable to sustain its bullish momentum and after touching a low of 0.6682 started its bearish correction phase coming down below the 0.6650 handle today in the European Trading session.
We can see the formation of Bearish Price Crossover pattern with the Moving Average MA100 in the 2-hourly timeframe.
The prices of AUDUSD are ranging near the resistance of the channel in the daily timeframe indicating the bearish nature of the markets.

The MACD crosses DOWN its Moving Average in the 2-hourly timeframe indicating the Bearish Trends.
The Super Trend Indicator is giving a Bearish Signal in the 1-hourly timeframe.

AUDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•   AUDUSD Bearish Reversal seen Below the 0.6682 mark.
•   Short-term range appears to be Mild Bearish.
•   AUDUSD continues to remain Below the 0.6650 levels.
•   Average true range ATR is indicating less market volatility.

The next Support is located at 0.6636 which is a 50% Retracement From 4 Week High/Low.

AUDUSD is now trading below its Pivot levels of 0.6649 and is moving into a Mild bearish channel. The price of AUDUSD remains below its Classic resistance levels of 0.6652 and is moving towards its next target of 0.6627 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 #44 on: June 06, 2024, 01:31:34 PM
NZDUSD Technical Analysis – 06th JUNE, 2024

NZDUSD – Bearish Trend Reversal


NZDUSD was unable to sustain its bullish momentum and after touching a low of 0.6214 started its bearish correction phase coming down below the 0.6190 handle today in the European Trading session.
We can see the formation of Bearish Trend Reversal pattern with the Adaptive Moving Average AMA100 in the 1-hourly timeframe.

The prices of NZDUSD are ranging near the resistance of the channel in the weekly timeframe indicating the bearish nature of the markets.
We can also see that the MACD crosses DOWN its Moving Average in the 4-hourly timeframe.
The RSI Indicator is back under 50 in the 2-hourly timeframe indicating the Bearish Trend.

NZDUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.
•   NZDUSD Bearish Reversal seen Below the 0.6214 mark.
•   Short-term range appears to be Mild Bearish.
•   NZDUSD continues to remain Below the 0.6190 levels.
•   Average true range ATR is indicating less market volatility.

The next Support is located at 0.6175 which is a 14-3 Day Raw Stochastic at 80%.

NZDUSD is now trading below its Pivot levels of 0.6186 and is moving into a Mild bearish channel. The price of NZDUSD remains below its Classic resistance levels of 0.6189 and is moving towards its next target of 0.6153 at which the Price Crosses 9 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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