Daily Market Analytics - Forex

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NZDUSD Technical Analysis – 22nd NOV, 2024
NZDUSD – Support of Channel is Broken

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5883 the prices started to decline against the United States Dollar today in the Asian Trading session.
We can see that the Support of channel is broken in the 1-hourly timeframe.
We can see the formation of Doji in the 1-hourly timeframe.
We see that the Previous candle closed under Bollinger bands in the 2-hourly timeframe.

We can clearly see the formation of Three black crows in the 4-hourly timeframe.
The prices of NZDUSD are ranging 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 which indicates the presence of the Consolidation wave in the markets.
We have seen that the Support of channel is broken in the monthly timeframe.

NZDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.5883 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5830 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.5829 which is a Pivot Point 2nd Support Point.
NZDUSD is now trading near to its Pivot levels of 0.5831 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5815 and is now moving towards its next target of 0.5813 which is a Price 2 Standard Deviations Support.

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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

 

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USDCAD Technical Analysis – 22nd NOV, 2024
USDCAD – Resistance of Channel is Broken

USDCAD was unable to continue its Bearish momentum and after touching a low of 1.3931 the prices started to rise upwards against the United States Dollar today in the Asian Trading session.
The Resistance of channel is broken in the 15-minutes timeframe.
We have seen Bullish trend reversal: adaptative moving average 50 in the 1-hourly timeframe.
Also, we can see Bullish trend reversal: adaptative moving average 20 present in the 2-hourly timeframe.

Also, we see the Bullish price crossover with adaptative moving average 100 in the 4-hourly timeframe.
The MACD crosses UP its Moving Average in the 4-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 see that USDCAD is ranging Near a new HIGH record (5 years) in the weekly timeframe.

USDCAD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Loonie Bullish reversal seen above the 1.3931 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.3950 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.3991 which is a Pivot Point 1st Resistance Point.
USDCAD is now trading near to its Pivot levels of 1.3982 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.3966 and is now moving towards its next target of 1.4010 which is a Price 3 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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USDJPY Technical Analysis – 22nd NOV, 2024
USDJPY – Resistance of Channel is Broken

USDJPY was unable to continue its bearish momentum and after touching a low of 153.89 the prices started to rise upwards against the United States Dollar today in the Asian Trading session.
We can see that the Resistance of channel is broken in the 15-minutes timeframe.
We see that the prices are Near support of triangle in the 1-hourly timeframe.
Also, we can see Bullish trend reversal: adaptative moving average 20 present in the 1-hourly timeframe.

Also, we have detected Bullish price crossover with Moving Average 100 in the 1-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 Moving Average bearish crossovers: MA20 & MA50 present in the 2-hourly timeframe. Also, MACD crosses UP its Moving Average in the 2-hourly timeframe.
Also, we see that the prices are ranging Near a new HIGH record (5 years) in the weekly timeframe.

We have seen Moving Average bullish crossovers: AMA50 & AMA100 in the daily timeframe.
USDJPY is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Yen Bullish reversal seen above the 153.89 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 154.80 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 155.04 which is a Price 2 Standard Deviations Resistance.
USDJPY is now trading near to its Pivot levels of 154.64 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 154.21 and is now moving towards its next target of 155.35 which is a Pivot Point 1st Resistance 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