NZDUSD Technical Analysis – 06th MAR, 2025
NZDUSD – Near Support of Channel
NZDUSD was unable to continue its Bearish momentum and after touching a low of 0.5605 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The prices are Near support of channel in the 15-minutes timeframe.
We have seen the formation of Doji in both the 1-hourly and 2-hourly timeframes.
We see Bullish trend reversal: adaptative moving average 20 and Bullish price crossover with adaptative moving average 100 in the daily timeframe.
Some of the technical indicators are giving a Bearish to Neutral stance indicating the presence of the Consolidation wave in the markets.
The MACD crosses UP its Moving Average in the daily timeframe.
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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.
USDCAD Technical Analysis – 06th MAR, 2025
USDCAD – Near Horizontal Resistance
USDCAD was unable to continue its Bullish momentum and after touching a high of 1.4530 the prices started to decline against the United States Dollar today in the US Trading session.
The prices are Near horizontal resistance and CCI indicator: bearish divergence is visible in the 15-minutes timeframe.
The prices are ranging Near horizontal resistance in the daily timeframe.
We will have to wait to get a correct Entry point in the markets given the presence of the consolidation zone.
Some of the technical indicators are giving a Bullish to Neutral stance indicating the presence of the Consolidation wave in the markets.
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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.
USDCHF Technical Analysis – 06th MAR, 2025
USDCHF – Momentum Indicator is back under Zero
USDCHF was unable to continue its Bullish momentum and after touching a high of 0.9027 the prices started to decline against the United States Dollar today in the US Trading session.
The Momentum indicator is back under zero in the 2-hourly timeframe.
We have detected Parabolic SAR indicator bearish reversal in the 4-hourly timeframe.
The Support of channel is broken in the daily timeframe.
We can see Moving Average bearish crossovers: AMA20 & AMA50 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.
USDCHF is now ranging Near a new HIGH record (1 year) in the weekly timeframe.
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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.
USDJPY Technical Analysis – 06th MAR, 2025
USDJPY – Support of Channel is Broken
USDJPY was unable to continue its Bullish momentum and after touching a high of 151.17 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of channel is broken in the 1-hourly timeframe.
We see that the Pivot points: price is under support 1 in the 1-hourly timeframe.
The Moving Average bearish crossovers: MA50 & MA100 is visible in the 2-hourly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance indicating the presence of the Consolidation wave in the markets.
The Horizontal support is broken in the daily timeframe.
We see Bearish trend reversal: Moving Average 100 and Moving Average bearish crossovers : AMA50 & AMA100 in the daily timeframe.
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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.
