NZDUSD was unable to continue its Bearish momentum and after touching a low of 0.5680 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The STOCHRSI remains Bullish in the 5-hourly timeframe.
Both the MACD and ADX are indicating a Bullish scenario.
The Ultimate Oscillator is at 53 indicating a BUY at the current market levels of 0.5725
Some of the technical indicators are giving a Bearish to Neutral stance indicating the presence of the Consolidation wave in the markets.
We will have to wait for the correct market levels to see whether a BUY can be placed.
We do not expect any signs of a pullback from the recent highs and now we are looking to continue a Bullish tendency above the 0.5700 levels.
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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 – 12th MAR, 2025
USDCAD – Near Resistance of Channel
USDCAD was unable to continue its Bullish momentum and after touching a high of 1.4515 the prices started to decline against the United States Dollar today in the Asian Trading session.
The prices are Near resistance of channel and Near resistance of triangle in the daily timeframe.
We have seen Bearish trend reversal: Moving Average 50 in the daily timeframe.
Also, the Bearish harami is present in the daily timeframe.
Both the STOCH and MACD are indicating a SELL at the current market levels of 1.4398
The Bull/Bear power and the price rate of change are both indicating a Bullish market.
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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 – 12th MAR, 2025
USDCHF – Near Support of Channel
USDCHF was unable to continue its Bearish momentum and after touching a low of 0.8760 the prices started to rise upwards against the United States Dollar today in the Asian Trading session.
The prices are ranging Near Support of Channel and Near support of triangle in the daily timeframe.
We have also detected the formation of Doji in the daily timeframe.
Both the STOCHRSI and Commodity channel Index are indicating a BUY.
We will have to wait for the correct Entry timings given the presence of the consolidation phase in the markets.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets indicating the presence of the Consolidation wave in the markets.
The Average Directional Range remains Neutral.
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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 – 12th MAR, 2025
USDJPY – Relative Strength Index is Bearish
USDJPY was unable to continue its Bullish momentum and after touching a high of 149.10 the prices started to decline against the United States Dollar today in the US Trading session.
The Relative Strength Index is Bearish in the hourly timeframe.
Both the STOCH and MACD are giving a SELL in the hourly timeframe.
A short-term bullish correction is also expected which will subside in the medium-term range.
Some of the technical indicators are also giving a Bullish to Neutral stance indicating the presence of the Consolidation wave in the markets.
The Ultimate Oscillator remains at 34 indicating a SELL at the current market levels of 147.75
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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.
