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

 

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AUDUSD Technical Analysis – 26th NOV, 2024
AUDUSD – Bearish Price Crossover

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6526 the prices have started to decline against the United States Dollar today in the Asian trading session.
We can see that the Bearish price crossover with Moving Average 20 in the 15-minutes timeframe. Also, 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.
We have detected the Long black line and Black line without upper shadow in the 15-minutes timeframe indicating a Bearish market.

Also, we see that the Bearish price crossover with Moving Average 20 present in the 30-minutes timeframe.
The SuperTrend indicator bearish reversal can be seen in the 2-hourly timeframe.
We can also see Moving Average bearish crossovers: AMA20 & AMA50 and the Ichimoku: price is under the cloud in the 1-hourly timeframe.
AUDUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.

• Aussie Bearish reversal seen below the 0.6526 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 0.6451 which is a Pivot Point 2nd Support Point.
AUDUSD is now trading below its Pivot levels of 0.6503 and is moving into a Bearish channel.
The price of AUDUSD remains below its Classic support levels of 0.6497 and is moving towards its next target of 0.6415 which is a 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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EURUSD Technical Analysis – 26th NOV, 2024
EURUSD – Near Resistance of Channel

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0528 the prices started to decline against the United States Dollar today in the Asian Trading session.
We can see that the prices are Near resistance of channel in the 15-minutes timeframe.
Also, the Bearish price crossover with Moving Average 50 is visible in the 15-minutes timeframe.
We have detected Bearish price crossover with adaptative moving average 50 in the 15-minutes timeframe.

We can see the MACD indicator: bearish divergence is present in the 15-minutes timeframe.
We have seen the Bearish trend reversal: adaptative moving average 100 in the 30-minutes timeframe.
Also, we can detect SuperTrend indicator bearish reversal in the 30-minutes timeframe.
We see Ichimoku - Bearish crossover: Tenkan & Kijun in the 30-minutes timeframe.

The RSI indicator is back under 50 in the daily timeframe. Also, we can see Momentum indicator is back under zero in the 2-hourly timeframe.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0528 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0430 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 1.0430 which is a Price 2 Standard Deviations Support.
EURUSD is now trading near to its Pivot levels of 1.0463 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0367 and is moving towards its next target of 1.0415 which is a Price 3 Standard Deviations Support.


#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 – 26th NOV, 2024
GBPUSD – Near Resistance of Channel

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2612 the prices started to decline against the United States Dollar today in the Asian Trading session.
We can see that the prices are Near resistance of channel in the 15-minutes timeframe.
Also, we can see the prices Near horizontal resistance in the 1-hourly timeframe.
As we can see the MACD crosses DOWN its Moving Average in the 2-hourly timeframe.

Also, we see Parabolic SAR indicator bearish reversal present in the 4-hourly timeframe.
The MACD indicator is back under zero in the weekly timeframe. Also, the Price is back under the pivot point in the weekly timeframe.
As it is visible with the recent price action the bearish trend is expected to continue in the medium term and we are expecting a consolidation wave sooner.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.

• Pound Bearish reversal seen below the 1.2612 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.2520 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading below its Pivot levels of 1.2545 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2473 and is now moving towards its next target of 1.2518 which is a Price 1 Standard Deviation Support.
We are also looking for the breach of the levels of 1.2502 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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NZDUSD Technical Analysis – 26th NOV, 2024
NZDUSD – Bearish Price Crossover

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5867 the prices started to decline against the United States Dollar today in the Asian Trading session.
We can see Bearish price crossover with adaptative moving average 20 present in the 15-minutes timeframe.
Also, we see Moving Average bearish crossovers: MA20 & MA50 in the 1-hourly timeframe.
The Support of channel is broken in the daily timeframe.

As we have seen today in the early Asian trading session a strong bearish correction was observed and it is expected to continue in the medium-term scenario.
The Support of channel is broken in the monthly 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 prices continue to range New LOW record (1 year) in the weekly timeframe.
NZDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.

• Kiwi Bearish reversal seen below the 0.5867 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5820 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 0.5816 which is a Pivot Point 2nd Support Point.
NZDUSD is now trading near to its Pivot levels of 0.5816 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5783 and is now moving towards its next target of 0.5798 which is a 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 – 26th NOV, 2024
USDCAD – Bullish Price Crossover

USDCAD was unable to continue its Bearish momentum and after touching a low of 1.3950 the prices started to rise upwards against the United States Dollar today in the Asian Trading session.
We have seen Bullish price crossover with adaptative moving average 20 present in the 15-minutes timeframe.
We have seen that the Resistance of channel is broken in the 1-hourly timeframe.
Also, we can see Moving Average bullish crossovers: AMA20 & AMA50 in the 4-hourly timeframe.

As we can see the Horizontal resistance is broken in the daily timeframe.
We have seen 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.
The Resistance of channel is broken in the monthly timeframe.

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 1.3950 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.4090 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.4099 which is a Pivot Point 3rd Level Resistance.
USDCAD is now trading near to its Pivot levels of 1.4122 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.4062 and is now moving towards its next target of 1.4122 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 – 26th NOV, 2024
USDJPY – Near Support of Channel

USDJPY was unable to continue its bearish momentum and after touching a low of 153.62 the prices started to rise upwards against the United States Dollar today in the Asian Trading session.
The CCI indicator: bullish divergence is visible in the 30-minutes timeframe.
We see that the prices are Near support of channel and near horizontal support in the 15-minutes timeframe.
Also, we can see that the Resistance of channel is broken in the weekly timeframe.

As we have seen in the recent price corrections the immediate targets remain on the upside.
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.
Also, we see that the prices are ranging Near a new HIGH record (5 years) in the weekly timeframe.
We have seen prices ranging Near horizontal support in the monthly timeframe.
USDJPY is now trading below its 100-hour SMA and below its 200-hour SMA simple moving averages.

• Yen Bullish reversal seen above the 153.62 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 153.70 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 154.02 which is a 50% Retracement From 4 Week High/Low.
USDJPY is now trading near to its Pivot levels of 154.00 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 153.60 and is now moving towards its next target of 154.66 which is a 38.2% Retracement From 4 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