Daily Market Analytics - Forex

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USDJPY Technical Analysis – 31st OCT, 2024
USDJPY – Bearish Price Crossover Pattern

USDJPY was unable to continue its Bullish momentum and after touching a high of 153.56 the prices started to decline against the United States Dollar today in the US Trading session.
We can see Bearish price crossover with Moving Average 20 in the 15-minutes timeframe.
Als owe see Bearish price crossover with adaptative moving average 20 in the 15-minutes timeframe.
The Support of channel is broken in the 1-hourly timeframe.
We can see Ichimoku: price is under the cloud in the 2-hourly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
USDJPY is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Yen Bearish reversal seen below the 153.56 mark.
• Short-term range appears to be Bearish.
• USDJPY continues to remain above the 152.20 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 152.23 which is a 14-3 Day Raw Stochastic at 70%.
USDJPY is now trading near to its Pivot levels of 152.48 and is moving into a Bearish channel.
The price of USDJPY remains above its Classic support levels of 152.12 and is now moving towards its next target of 151.13 which is a 14-3 Day Raw Stochastic at 50%.

#fxopen

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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AUDUSD Technical Analysis – 06th NOV, 2024
AUDUSD – Near Horizontal Resistance

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6644 the prices have started to decline against the United States Dollar today in the US trading session.
The prices are ranging Near horizontal resistance in the 15-minutes timeframe.
We can see the Bearish price crossover with adaptative moving average 100 in the 30-minutes timeframe.
Also, we see that the Support of channel is broken in the 1-hourly timeframe.

The Bearish price crossover with adaptative moving average 50 is visible in the 1-hourly timeframe.
We have also seen Bearish price crossover with adaptative moving average 100 in the 1-hourly 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.
The Parabolic SAR indicator bearish reversal is seen in the daily timeframe.

AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6644 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6570 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6569 which is a 38.2% Retracement From 52 Week Low.
AUDUSD is now trading near to its Pivot levels of 0.6584 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6551 and is moving towards its next target of 0.6557 which is a Pivot Point 2nd Support Point.

#fxopen

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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EURUSD Technical Analysis – 06th NOV, 2024
EURUSD – Near Horizontal Resistance

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0934 the prices started to decline against the United States Dollar today in the US Trading session.
The prices are ranging Near horizontal resistance in the 15-minutes timeframe.
Also, we can see Bearish price crossover with Moving Average 20 in the 15-minutes timeframe.
We see Bearish price crossover with adaptative moving average 100 in the 15-minutes timeframe.

The RSI indicator is back under 50 in the 15-minutes timeframe.
Also, we can detect Bearish price crossover with adaptative moving average 20 in the 30-minutes timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the consolidation wave in the markets.
EURUSD is now trading below its 100-hour SMA and below its 200-hour SMA simple moving averages.

• Euro Bearish reversal seen below the 1.0934 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0730 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 1.0716 which is a 3-10-16 Day MACD Moving Average Stalls.
EURUSD is now trading near to its Pivot levels of 1.0746 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0702 and is moving towards its next target of 1.0682 which is a 1-Month Low.

#fxopen

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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GBPUSD Technical Analysis – 06th NOV, 2024
GBPUSD – Near Resistance of Channel

GBPUSD was unable to continue its bullish momentum and after touching a low of 1.3046 the prices started to decline against the United States Dollar today in the US Trading session.
We can see that the prices are ranging Near Resistance of Channel in the 15-minutes timeframe.
The MACD crosses DOWN its Moving Average in the 15-minutes timeframe.
We can see Parabolic SAR indicator bearish reversal in the 15-minutes timeframe.
Also, we see Bearish trend reversal: adaptative moving average 20 in the 30-minutes timeframe.

The Support of channel is broken in the 1-hourly timeframe.
The Momentum indicator is back under zero in the 1-hourly 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.
We can see the formation of Bearish engulfing lines in the daily timeframe.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.3046 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.2890 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading near to its Pivot levels of 1.2895 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2861 and is now moving towards its next target of 1.2884 which is a Pivot Point 3rd Support Point.
We are also looking for the breach of the levels of 1.2834 which is a 1-Month Low.

#fxopen

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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NZDUSD Technical Analysis – 06th NOV, 2024
NZDUSD – Near Resistance of Channel

NZDUSD was unable to continue its bullish momentum and after touching a low of 0.6019 the prices started to decline against the United States Dollar today in the US Trading session.
The prices are ranging Near Resistance of Channel in the 15-minutes timeframe.
Also, we see Moving Average bearish crossovers: MA20 & MA50 in the 15-minutes timeframe.
We can see Ichimoku - Bearish crossover: Tenkan & Kijun in the 30-minutes timeframe.

The Support of channel is broken in the 1-hourly timeframe.
We see Bearish price crossover with adaptative moving average 20 in the daily timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We have seen the formation of Bearish engulfing lines in the daily timeframe.

NZDUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.6019 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5950 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.5949 which is a Pivot Point 2nd Support Point.
NZDUSD is now trading near to its Pivot levels of 0.5951 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5936 and is now moving towards its next target of 0.5931 Pivot Point 3rd Support Point.

#fxopen

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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USDCAD Technical Analysis – 06th NOV, 2024
USDCAD – Near Horizontal Support

USDCAD was unable to continue its Bearish momentum and after touching a low of 1.3884 the prices started to rise 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 have seen that the Momentum indicator is back over zero in the 4-hourly timeframe.
The CCI indicator is overbought: over 100 indicating a Neutral market in the 4-hourly timeframe.

Also, we see the formation of Doji in the 1 hourly timeframe.
The RSI indicator is oversold: under 30 in the 15-minutes timeframe indicating a Neutral market.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
USDCAD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Loonie Bullish reversal seen above the 1.3884 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.3890 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.3908 at which the Price Crosses 9 Day Moving Average.
USDCAD is now trading near to its Pivot levels of 1.3894 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.3885 and is now moving towards its next target of 1.3923 which is a 14-3 Day Raw Stochastic at 70%.

#fxopen

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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USDJPY Technical Analysis – 06th NOV, 2024
USDJPY – Near Support of Channel

USDJPY was unable to continue its bearish momentum and after touching a low of 153.81 the prices started to correct upwards against the United States Dollar today in the US Trading session.
We can see that the prices are ranging Near support of channel in the 15-minutes timeframe.
Also, we can see that USDJPY is Near support of triangle in the 15-minutes timeframe.
We can see SuperTrend indicator bullish reversal in the weekly timeframe.

Also, we have detected the formation of Bullish engulfing lines in the weekly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
USDJPY is now trading above its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Yen Bullish reversal seen above the 153.81 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 154.00 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 154.70 which is a 1-Month High.
USDJPY is now trading near to its Pivot levels of 154.16 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 153.49 and is now moving towards its next target of 154.70 which is a 13-Week High.

#fxopen

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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AUDUSD Technical Analysis – 11th NOV, 2024
AUDUSD – Bearish Price Crossover Pattern

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6597 the prices have started to decline against the United States Dollar today in the US trading session.
We can see the formation of Bearish price crossover with adaptative moving average 20 in the 15-minutes timeframe.
We can see the formation of Doji in the 30-minutes timeframe which indicates a Neutral market.
Also, we see Moving Average bearish crossovers: MA20 & MA50 in the 2-hourly timeframe.

The Moving Average bearish crossovers: AMA20 & AMA50 is visible in the 2-hourly timeframe.
We can see Moving Average bearish crossovers: AMA50 & AMA100 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.
The MACD indicator is back under zero in the weekly timeframe.
AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6597 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6570 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6567 which is a 14-3 Day Raw Stochastic at 30%.
AUDUSD is now trading near to its Pivot levels of 0.6584 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6572 and is moving towards its next target of 0.6560 at which the Price Crosses 9 Day Moving Average Stalls.

#fxopen

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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EURUSD Technical Analysis – 11th NOV, 2024
EURUSD – Horizontal Support is Broken

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0749 the prices started to decline against the United States Dollar today in the US Trading session.
The Horizontal support is broken in the 15-minutes timeframe.
The Support of channel is broken in the 1-hourly timeframe.
We see that the RSI indicator is oversold: under 30 indicating a Neutral market in the 1-hourly timeframe.

We have also seen Moving Average bearish crossovers: MA50 & MA100 in the 4-hourly timeframe.
Also, we can detect that the Support of channel is broken in the daily timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the consolidation wave in the markets.
We have also seen a Bearish opening of the markets this week.
EURUSD is now trading below its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0749 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0650 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 1.0653 which is a 1-Month Low.
EURUSD is now trading near to its Pivot levels of 1.0663 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0637 and is moving towards its next target of 1.0618 which is a Pivot Point 2nd Support Point.

#fxopen

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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GBPUSD Technical Analysis – 11th NOV, 2024
GBPUSD – Support of Channel is Broken

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2924 the prices started to decline against the United States Dollar today in the US Trading session.
We can see that the Support of channel is broken in the 1-hourly timeframe.
The CCI indicator is oversold: under -100 in the 1-hourly timeframe indicating a Neutral market.
We can see that the Momentum indicator is back under zero in the daily timeframe.

We have detected Bearish opening of the markets this week.
The prices of GBPUSD are ranging Near a new LOW record (1 year) in the weekly 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.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.2924 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.2880 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading near to its Pivot levels of 1.2884 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2866 and is now moving towards its next target of 1.2877 which is a 14-3 Day Raw Stochastic at 20%.
We are also looking for the breach of the levels of 1.2872 which is a Pivot Point 1st Support Point.

#fxopen

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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NZDUSD Technical Analysis – 11th NOV, 2024
NZDUSD – Support of Channel is Broken

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5977 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of channel is broken in the 15-minutes timeframe.
Also, we see Bearish trend reversal: Moving Average 50 in the 15-minutes timeframe.
We can see Bearish trend reversal: Moving Average 20 in the 30-minutes timeframe.

We have also seen the formation of Doji in the 1-hourly timeframe.
We see Bearish trend reversal: Moving Average 100 in the 2-hourly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We have seen Bearish opening of the markets this week.
NZDUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.5977 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5960 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.5956 which is a 14-3 Day Raw Stochastic at 30%.
NZDUSD is now trading near to its Pivot levels of 0.5967 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5961 and is now moving towards its next target of 0.5942 which is a 14-3 Day Raw Stochastic at 20%.

#fxopen

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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USDCAD Technical Analysis – 11th NOV, 2024
USDCAD – Near Resistance of Channel

USDCAD was unable to continue its Bearish momentum and after touching a low of 1.3893 the prices started to rise upwards against the United States Dollar today in the US Trading session.
The prices are ranging Near resistance of channel in the 15-minutes timeframe.
We have seen that the prices are still ranging Near horizontal resistance in the 1-hourly timeframe.
The CCI indicator is overbought: over 100 indicating a Neutral market in the 2-hourly timeframe.

Also, we see the Pivot points: price is over resistance 1 indicating a Neutral market.
The USDCAD is ranging Near resistance of channel in the weekly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
USDCAD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Loonie Bullish reversal seen above the 1.3893 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.3940 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.3948 which is a 14-3 Day Raw Stochastic at 80%.
USDCAD is now trading near to its Pivot levels of 1.3934 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.3918 and is now moving towards its next target of 1.3965 which is a Price 1 Standard Deviation Resistance.

#fxopen

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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USDJPY Technical Analysis – 11th NOV, 2024
USDJPY – Resistance of Channel is Broken

USDJPY was unable to continue its bearish momentum and after touching a low of 152.43 the prices started to correct upwards against the United States Dollar today in the US Trading session.
We can see that the Resistance of channel is broken in the 15-minutes timeframe.
Also, we can see Aroon indicator bullish trend formation in the 15-minutes timeframe.
We can see Resistance of channel is broken in the 1-hourly timeframe.

Also, we have detected the Pivot points: price is over resistance 1 in the 2-hourly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We can see the formation of a White morning star in the daily timeframe.
Also, we have seen Bullish opening of the markets this week.
USDJPY is now trading above its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Yen Bullish reversal seen above the 152.43 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 153.90 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 153.93 which is a Pivot Point 2nd Level Resistance.
USDJPY is now trading near to its Pivot levels of 153.80 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 153.62 and is now moving towards its next target of 154.28 Price 2 Standard Deviations Resistance.

#fxopen

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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AUDUSD Technical Analysis – 13th NOV, 2024
AUDUSD – Aroon Indicator Bearish Trend

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6539 the prices have started to decline against the United States Dollar today in the US trading session.
We can see the formation of Aroon Indicator Bearish Trend in the 15-minutes timeframe.
We can see the formation of Bearish trend reversal: adaptative moving average 20 in the 15-minutes timeframe.
Also, we see that the Support of channel is broken in the weekly timeframe.

We can see Bearish trend reversal: Moving Average 50 in the weekly timeframe.
We have detected that the Ichimoku: price is under the cloud in the weekly 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.
The prices are ranging Near a new LOW record (1 year) in the weekly timeframe.
AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6539 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6510 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6512 which is a 1-Month Low.
AUDUSD is now trading near to its Pivot levels of 0.6526 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6511 and is moving towards its next target of 0.6504 which is a Pivot Point 1st Support Point.

#fxopen

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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EURUSD Technical Analysis – 13th NOV, 2024
EURUSD – Near Resistance of Channel

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0627 the prices started to decline against the United States Dollar today in the US Trading session.
The prices are ranging Near resistance of channel in the 15-minutes timeframe.
We have detected Bearish price crossover with Moving Average 100 in the 30-minutes timeframe.
EURUSD is now ranging Near horizontal resistance in the 1-hourly timeframe.
We have seen that the Price is back under the pivot point in the 1-hourly timeframe.

Also, we can detect that the Momentum indicator is back under zero in the 1-hourly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the consolidation wave in the markets.
We have also seen Moving Average bearish crossovers: AMA50 & AMA100 in the daily timeframe.
EURUSD is now trading below its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0627 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0620 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 1.0593 which is a 1-Month Low.
EURUSD is now trading near to its Pivot levels of 1.0633 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0602 and is moving towards its next target of 1.0591 which is a Pivot Point 1st Support Point.

#fxopen

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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GBPUSD Technical Analysis – 13th NOV, 2024
GBPUSD – Bearish Trend Reversal Pattern

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2754 the prices started to decline against the United States Dollar today in the US Trading session.
We can see Bearish trend reversal: adaptative moving average 50 in the 15-minutes timeframe.
Also, we can see Bearish price crossover with Moving Average 20 in the 15-minutes timeframe.
The RSI indicator is back under 50 in the 15-minutes timeframe.

We can see Bearish price crossover with Moving Average 20 in the 30-minutes timeframe.
The Momentum indicator is back under zero in the 1-hourly timeframe.
The Support of channel is broken 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.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.2754 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.2750 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading near to its Pivot levels of 1.2749 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2723 and is now moving towards its next target of 1.2719 which is a 1-Month Low.
We are also looking for the breach of the levels of 1.2712 which is a 38.2% Retracement From 52 Week Low.

#fxopen

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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NZDUSD Technical Analysis – 13th NOV, 2024
NZDUSD – Bearish Price Crossover Pattern

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5933 the prices started to decline against the United States Dollar today in the US Trading session.
We have seen Bearish price crossover with Moving Average 20 in the 15-minutes timeframe.
Also, we see Bearish price crossover with adaptative moving average 20 in the 15-minutes timeframe.
We can detect that the Ichimoku: price is under the cloud in the 15-minutes timeframe.

The MACD crosses DOWN its Moving Average in the 30-minutes timeframe.
We see that the Momentum indicator is back under zero in the daily timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We have seen Moving Average bearish crossovers: AMA50 & AMA100 in the 2-hourly timeframe.
NZDUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.5933 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5930 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 0.5910 which is a 3-10 Day Moving Average Crossover Stalls.
NZDUSD is now trading near to its Pivot levels of 0.5929 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5916 and is now moving towards its next target of 0.5909 which is a 1-Month Low.

#fxopen

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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USDCAD Technical Analysis – 13th NOV, 2024
USDCAD – Near Support of Channel

USDCAD was unable to continue its Bearish momentum and after touching a low of 1.3929 the prices started to rise upwards against the United States Dollar today in the US Trading session.
The prices are ranging Near support of channel in the 1-hourly timeframe.
We have seen that the Momentum indicator is back over zero in the 2-hourly timeframe.
The Horizontal resistance is broken in the daily timeframe.

Also, we see the CCI indicator is overbought: over 100 in the daily timeframe indicating a Neutral market.
The USDCAD Price is back over the pivot point in the weekly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
USDCAD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Loonie Bullish reversal seen above the 1.3929 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.3950 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.3968 which is a Pivot Point 1st Resistance Point.
USDCAD is now trading near to its Pivot levels of 1.3955 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.3938 and is now moving towards its next target of 1.3977 which is a Price 1 Standard Deviation Resistance.

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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 Blog

 

[Resolve]

USDJPY Technical Analysis – 13th NOV, 2024
USDJPY – Near Support of Channel

USDJPY was unable to continue its bearish momentum and after touching a low of 154.50 the prices started to correct upwards against the United States Dollar today in the US Trading session.
We can see that the prices are Near Support of Channel in the 15-minutes timeframe.
Also, we can see that the Resistance of channel is broken in the weekly timeframe.
The Aroon indicator bullish trend is visible in the weekly timeframe.

Also, we have detected the SuperTrend indicator bullish reversal signal in the weekly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We can see the prices are Near a new HIGH record (5 years) in the weekly timeframe.
Also, we see that the prices continue to range Near horizontal support in the monthly timeframe.
USDJPY is now trading above its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Yen Bullish reversal seen above the 154.50 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 154.40 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 155.22 which is a Pivot Point 1st Resistance Point.
USDJPY is now trading near to its Pivot levels of 154.88 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 154.57 and is now moving towards its next target of 155.23 which is a 1-Month High.

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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 Blog

 

[Resolve]

AUDUSD Technical Analysis – 14th NOV, 2024
AUDUSD – Support of Channel is Broken

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6496 the prices have started to decline against the United States Dollar today in the US trading session.
We can see that the Support of channel is broken in the 15-minutes timeframe.
We can see that the RSI indicator is oversold: under 30 in the 2-hourly timeframe.
Also, we see Bearish trend reversal: Moving Average 50 present in the weekly timeframe.

We have detected that the Ichimoku: price is under the cloud in the weekly timeframe.
Also, the SuperTrend indicator bearish reversal is visible in the weekly 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.
The prices are ranging Near a new LOW record (1 year) in the weekly timeframe.

AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6496 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6450 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6442 which is a 3-10 Day Moving Average Crossover Stalls.
AUDUSD is now trading near to its Pivot levels of 0.6459 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6443 and is moving towards its next target of 0.6439 which is a Pivot Point 2nd Support Point.

#fxopen

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