FXOpen Trader Posted March 11 Author Share Posted March 11 GBPUSD Technical Analysis – 11th MAR, 2024 GBPUSD – Resistance of Channel is Broken GBPUSD was unable to sustain its bullish momentum and after touching a high of 1.2883 we saw downwards retracement towards the low of 1.2795 formed today in the US trading session. The prices of Pound are expected to enter into a consolidation zone after which we can see some upwards correction. We can see that the Resistance of the channel is broken in the daily timeframe indicating a bullish trend present in the markets. We have also seen a bullish opening of the markets this week. We can see the formation of Bullish trend as the prices of GBPUSD are ranging near horizontal support in both the 15-minutes and 1-hourly timeframes. GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average. Pound bullish reversal seen above the 1.2700 mark. Short-term range appears to be Neutral. GBPUSD continues to remain above the 1.2800 levels. Average true range ATR is indicating high market volatility. GBPUSD is now trading below its Pivot levels of 1.2805 and is moving into a Consolidation channel. The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2830 which is a 14-3 Day Raw Stochastic at 80%. Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. For in-depth analysis, please check FXOpen Blog Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted March 12 Author Share Posted March 12 EURUSD Technical Analysis – 12th MAR, 2024 EURUSD – Bullish Price Crossover EURUSD continues to move into a consolidation channel having touched a high of 1.0938 after which we can see some minor correction downwards towards a low of 1.0921 levels. The prices of EURUSD are looking to enter into a bullish channel with the formation of Bullish price crossover pattern in both the 15-minutes and 1-hourly timeframes. We can see the formation of Parabolic SAR indicator bullish reversal pattern in the 30-minutes timeframe. The MACD crosses UP its Moving Average in the 15-minutes timeframe. We have also seen the formation of Bullish Harami pattern in the daily timeframe. In the short term we are now looking at some market consolidation after which the prices will start moving upwards with immediate targets of 1.0969 which is a 38.2% Retracement From 13 Week High. EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages. Euro bullish reversal seen above the 1.0915 mark. Short-term range appears to be Neutral. EURUSD continues to remain above the 1.0900 levels. Average true range ATR is indicating less market volatility. The next resistance is located at 1.0969 which is a 38.2% Retracement From 13 Week High. EURUSD is now trading below its Pivot levels of 1.0931 and is moving into a Consolidation channel. The price of EURUSD remains above its Classic support levels of 1.0928 and is moving towards its next target of 1.0969. Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. For in-depth analysis, please check FXOpen Blog Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted March 12 Author Share Posted March 12 GBPUSD Technical Analysis – 12th MAR, 2024 GBPUSD – Moving Average Bullish Crossover GBPUSD was unable to sustain its bullish momentum and after touching a high of 1.282 we saw downwards retracement towards the low of 1.2776 formed today in the European trading session. The prices of Pound are expected to enter into a consolidation zone after which we can see some upwards correction. The RSI indicator is back over 50 in the 4-hourly timeframe indicating a bullish trend present in the markets. The prices of GBPUSD are ranging near horizontal support in the 1-hourly timeframe. We can see the formation of Moving Average bullish crossovers with MA20 and MA50 in the daily timeframe. GBPUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving average. Pound bullish reversal seen above the 1.2749 mark. Short-term range appears to be Neutral. GBPUSD continues to remain above the 1.2780 levels. Average true range ATR is indicating less market volatility. GBPUSD is now trading below its Pivot levels of 1.2794 and is moving into a Consolidation channel. The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2803 after which we can see an upwards bullish pressure towards the 1.2835 levels which is a 14-3 Day Raw Stochastic at 80%. Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. For in-depth analysis, please check FXOpen Blog Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted March 13 Author Share Posted March 13 EURUSD Technical Analysis – 13th MAR, 2024 EURUSD – Resistance of Channel is Broken EURUSD continued its bullish momentum today after the consolidation phase and managed to touch a high of 1.0963 in the US trading session after which we can see some consolidation coming into the markets. We are now looking to re-enter the bullish zone after the current wave of consolidation gets over and touch the 1-months high of 1.0980 soon. We can see that the resistance of the channel is broken in the 1-hourly timeframe indicating a bullish tone present in the markets. The Aroon indicator is giving a bullish trend signal in the 4-hourly timeframe. Some of the technical indicators are also giving a neutral tone indicating the presence of the consolidation wave at present in the markets. In the short term we are now looking at some market consolidation after which the prices will start moving upwards with immediate targets of 1.0980 which is a 1-months high. EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages. Euro bullish reversal seen above the 1.0920 mark. Short-term range appears to be Neutral. EURUSD continues to remain above the 1.0950 levels. Average true range ATR is indicating high market volatility. The next resistance is located at 1.0975 which is a Price 3 Standard Deviations Resistance. EURUSD is now trading below its Pivot levels of 1.0957 and is moving into a Consolidation channel. The price of EURUSD remains above its Classic support levels of 1.0942 and is moving towards its next target of 1.0980. Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. For in-depth analysis, please check FXOpen Blog Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted March 13 Author Share Posted March 13 GBPUSD Technical Analysis – 13th MAR, 2024 GBPUSD – Bullish Trend Reversal GBPUSD was indecisive today moving in a zigzag pattern after which we can see some fresh bullish confirmations coming into the markets. The prices of Pound are expected to enter into a consolidation zone after which we can see some upwards correction towards the 1.2838 levels. We can see the formation of Bullish Trend Reversal pattern with Moving Average MA50 in the 1-hourly timeframe. We have also detected the formation of Ichimoku - Bullish crossover: Tenkan & Kijun pattern in the 1-hourly timeframe which is a bullish pattern. The RSI indicator is back over 50 in the 2-hourly timeframe indicating a Bullish tone present in the markets. GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average. Pound bullish reversal seen above the 1.2775 mark. Short-term range appears to be Neutral. GBPUSD continues to remain above the 1.2800 levels. Average true range ATR is indicating high market volatility. GBPUSD is now trading below its Pivot levels of 1.2805 and is moving into a Consolidation channel. The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2813 after which we can see an upwards bullish pressure towards the 1.2851 levels which is a 3-10 Day MACD Oscillator Stalls. Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. For in-depth analysis, please check FXOpen Blog Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted March 20 Author Share Posted March 20 EURUSD Technical Analysis – 20th MAR, 2024 EURUSD – Bullish Trend Reversal EURUSD started this week on a bearish note touching a low of 1.0834 on 19th March after which we can see that the prices have entered into a consolidation channel. Today we saw that the prices of EURUSD were able to manage a breakout and we saw the emergence of a bullish momentum with a continuous uptick in the prices of EURUSD. We can see the formation of Bullish Trend Reversal pattern with the Adaptive Moving Average AMA20, AMA50 and AMA100 in the 4-hourly timeframe. The MACD indicator is back over zero in the 2-hourly timeframe indicating a bullish tone present in the markets. Most of the technical indicators are giving a bullish tone with further upsides located at 1.0943 which is a 14-3 Day Raw Stochastic at 80%. In the short term we are now looking at some market consolidation after which the prices will start moving upwards with immediate targets of 1.0948 at which the Price Crosses 9 Day Moving Average Stalls. EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages. Euro bullish reversal seen above the 1.0936 mark. Short-term range appears to be Neutral. EURUSD continues to remain above the 1.0900 levels. Average true range ATR is indicating high market volatility. The next resistance is located at 1.0943 which is a 14-3 Day Raw Stochastic at 80%. EURUSD is now trading above its Pivot levels of 1.0915 and is moving into a Consolidation channel. The price of EURUSD remains above its Classic support levels of 1.0907 and is moving towards its next target of 1.0948. Disclaimer: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted March 20 Author Share Posted March 20 GBPUSD Technical Analysis – 20th MAR, 2024 GBPUSD – Resistance of Channel is Broken GBPUSD opened this week on a bearish note and touched a low of 1.2666 on 19th March after which we can see the prices moving towards the consolidation phase in the markets. Today we saw a bullish breakout in the markets with the prices of GBPUSD touching a high of 1.2786 in the US Trading session. The Resistance of the channel is broken in the 1-hourly timeframe. We can also see the formation of Moving Average Bullish crossovers: AMA20 and AMA50 in the 1-hourly timeframe. We have also detected the formation of Bullish Harami pattern in the weekly timeframe. Some of the technical indicators are also giving a neutral stance indicating the presence of the consolidation wave in the markets. GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average. Pound bullish reversal seen above the 1.2683 mark. Short-term range appears to be Neutral. GBPUSD continues to remain above the 1.2770 levels. Average true range ATR is indicating high market volatility. GBPUSD is now trading above its Pivot levels of 1.2779 and is moving into a Consolidation channel. The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2791 after which we can see an upwards bullish pressure towards the 1.2808 at which the Price Crosses 9 Day Moving Average Stalls. GBPUSD is poised to continue its bullish moves with the immediate targets of 1.2835 which is a 14-3 Day Raw Stochastic at 80%. Disclaimer: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted March 25 Author Share Posted March 25 EURUSD Technical Analysis – 25th MAR, 2024 EURUSD – Bullish Harami Pattern EURUSD started this week on a bearish note touching a low of 1.0801 today in the early Asian trading session, after which we can see that the prices have entered in a consolidation phase. We can see the start of a Bullish Trend from the 1.806 levels with a continued escalation in the prices of Euro towards the 1.0840 levels. We can see the formation of Bullish Harami pattern in the daily timeframe and now we are looking to cross 1.0866 which is a 14 Day RSI at 50%. The price of EURUSD is back over the pivot point in the daily timeframe indicating the presence of the bullish trend in the markets. The price of Euro is ranging near the support of the Channel and Triangle in the weekly timeframe. Most of the technical indicators are giving a bullish tone with further upsides located at 1.0866 which is a 38.2% Retracement From 4 Week Low. EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages. Euro bullish reversal seen above the 1.0807 mark. Short-term range appears to be Neutral. EURUSD continues to remain above the 1.0825 levels. Average true range ATR is indicating less market volatility. The next resistance is located at 1.0866 which is a 38.2% Retracement From 4 Week Low. EURUSD is now trading below its Pivot levels of 1.0838 and is moving into a Consolidation channel. The price of EURUSD remains above its Classic support levels of 1.0835 and is moving towards its next target of 1.0866. Disclaimer: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted March 25 Author Share Posted March 25 GBPUSD Technical Analysis – 25th MAR, 2024 GBPUSD – Bullish Engulfing Lines GBPUSD opened this week on a bearish note from its decline last week and touched a low of 1.2594 after which we can see a continuous upsurge in its levels. We can see the formation of Bullish Engulfing lines in the 1-hourly timeframe. The Aroon indicator is giving a bullish trend in the 15-minutes timeframe. We have also detected the formation of Moving Average bullish crossovers: MA50 & MA100 in the 30-minutes timeframe. The support of the channel is broken and the prices of GBPUSD are ranging near horizontal support in the daily timeframe. GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average. Pound bullish reversal seen above the 1.2594 mark. Short-term range appears to be Neutral. GBPUSD continues to remain above the 1.2620 levels. Average true range ATR is indicating less market volatility. GBPUSD is now trading below its Pivot levels of 1.2637 and is moving into a Consolidation channel. The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2639 after which we can see an upwards bullish pressure towards the 1.2661 which is a 38.2% Retracement From 13 Week Low. GBPUSD is poised to continue its bullish moves with the immediate targets of 1.2670 which is a 14-3 Day Raw Stochastic at 30%. Disclaimer: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted April 16 Author Share Posted April 16 EURUSD Technical Analysis – 16th APR, 2024 EURUSD – Bullish Trend Reversal EURUSD started this week moving in a zigzag pattern and we can see that the prices entered into a consolidation phase yesterday after which we can see the resumption of the Uptrend. We can see the formation of a Bullish Trend Reversal pattern with both the Moving Average and the Adaptive Moving averages in the 30-minutes timeframe. Some of the Technical Indicators are also giving a Neutral stance present into the markets. We can see that the MACD crosses UP its Moving Average in the 4-hourly timeframe indicating a Bullish Trend present into the markets. The Resistance of the channel is broken in the 15-minutes timeframe indicating the Bullish tone of the markets. EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages. Euro bullish reversal seen above the 1.0607 mark. Short-term range appears to be Neutral. EURUSD continues to remain above the 1.0620 levels. Average true range ATR is indicating less market volatility. The next resistance is located at 1.0663 which is a Price 2 Standard Deviations Resistance. EURUSD is now trading below its Pivot levels of 1.0627 and is moving into a Consolidation channel. The price of EURUSD remains above its Classic support levels of 1.0601 and is moving towards its next target of 1.0663. Disclaimer: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted April 16 Author Share Posted April 16 GBPUSD Technical Analysis – 16th APR, 2024 GBPUSD – Resistance of Channel is Broken GBPUSD opened this week on an uncertain note after which we can see that the prices have started to move towards the consolidation phase. We can see the resumption of the Uptrend within the Hourly chart of GBPUSD today. The Resistance of the Channel is Broken in the 15-minutes Timeframe. The MACD Indicator is back over Zero indicating the Bullish Trend formation in the 30-minutes timeframe. The prices of GBPUSD are ranging Near the Support of the Channel in the Daily Timeframe. GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average. Pound bullish reversal seen above the 1.2426 mark. Short-term range appears to be Neutral. GBPUSD continues to remain above the 1.2440 levels. Average true range ATR is indicating less market volatility. GBPUSD is now trading below its Pivot levels of 1.2448 and is moving into a Consolidation channel. The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2460 after which we can see an upwards bullish pressure towards the 1.2483 which is a 14-3 Day Raw Stochastic at 20%. Disclaimer: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted May 2 Author Share Posted May 2 EURUSD Technical Analysis – 02nd MAY, 2024 EURUSD – Bearish Trend Reversal EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0727 started its bearish momentum below the 1.0700 levels. We can see the formation of a Bearish Trend Reversal pattern with the Adaptive Moving Average AMA100 in the 4-hourly timeframe. We can see that the price of Euro is back under the Pivot point in the Daily timeframe. Some of the Technical Indicators are also giving a Sell signal below the 1.0710 levels. Both the Support of the Channel and Triangle is broken in the 15-minutes timeframe. EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages. Euro Bearish Reversal seen Below the 1.0727 mark. Short-term range appears to be Neutral. EURUSD continues to remain Below the 1.0720 levels. Average true range ATR is indicating less market volatility. The next Support is located at 1.0683 which is a 3-10-16 Day MACD Moving Average Stalls. EURUSD is now trading below its Pivot levels of 1.0702 and is moving into a Mild bearish channel. The price of EURUSD remains above its Classic support levels of 1.0685 and is moving towards its next target of 1.0683. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted May 2 Author Share Posted May 2 GBPUSD Technical Analysis – 02nd MAY, 2024 GBPUSD – Bearish Trend Reversal GBPUSD was unable to sustain its Bullish momentum this week and after touching a high of 1.2543 today, it started to decline towards the 1.2500 levels. We can see the formation of Bearish Trend Reversal pattern with the Moving Average MA50 in the 2-hourly timeframe. The prices of Pound are back under the Pivot point in the 2-hourly timeframe. Some of the Technical indicators are giving a Sell signal at the current market levels of 1.2517. The Support of the channel is broken in the 15-minutes timeframe. GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average. Pound Bearish Reversal seen Below the 1.2543 mark. Short-term range appears to be Neutral. GBPUSD continues to remain Below the 1.2520 levels. Average true range ATR is indicating less market volatility. GBPUSD is now trading just above its Pivot levels of 1.2512 and is moving into a Consolidation channel. The price of GBPUSD is aiming to cross its Classic Support Levels of 1.2500 after which we can see downwards bearish pressure towards the 1.2488 which is a 14-3 Day Raw Stochastic at 70%. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted Monday at 03:22 PM Author Share Posted Monday at 03:22 PM EURUSD Technical Analysis – 03rd JUNE, 2024 EURUSD – Bullish Trend Reversal EURUSD was unable to sustain its bearish momentum and after touching a low of 1.0790 started its bullish correction phase touching a high of 1.0880 today in the European Trading session. We can see the formation of a Bullish Trend Reversal pattern with the Moving Average MA20 in the 30-minutes timeframe. Both the Resistance of the channel and triangle is broken in the 30-minutes timeframe. We can also see the formation of White line without lower shadow in the 15-minutes timeframe which is indicative of the present Bullish trend in the markets. The Ichimoku price is over the cloud in the 30-minutes timeframe indicating the Bullish momentum of the markets. The Parabolic SAR indicator is giving a bullish reversal signal in the 1-hourly timeframe. EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages. • Euro Bullish Reversal seen above the 1.0790 mark. • Short-term range appears to be Mild Bullish. • EURUSD continues to remain Above the 1.0870 levels. • Average true range ATR is indicating high market volatility. The next Resistance is located at 1.0895 which is a 1-Months High. EURUSD is now trading above its Pivot levels of 1.0835 and is moving into a Mild bullish channel. The price of EURUSD remains above its Classic resistance levels of 1.0856 and is moving towards its next target of 1.0917 which is a Pivot Point 2nd Level Resistance. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted Monday at 03:34 PM Author Share Posted Monday at 03:34 PM GBPUSD Technical Analysis – 03rd JUNE, 2024 GBPUSD – Resistance of Channel is Broken GBPUSD was unable to sustain its bearish momentum and after touching a low of 1.2685, the prices started correcting upwards crossing the 1.2780 handle today in the European Trading session. We have detected the formation of Moving Average Bullish crossover pattern with the MA20 & MA50 in the 15-minutes timeframe. The resistance of the channel and triangle is broken in the 1-hourly timeframe. We can see the Super Trend indicator bullish reversal signal in the 1-hourly timeframe. The Parabolic SAR indicator is giving a bullish reversal signal in the 2-hourly timeframe. The Ichimoku price is over the cloud in the 4-hourly timeframe. GBPUSD is now trading above its 100-hour SMA and above its 200-hour SMA simple moving average. • Pound Bullish Reversal seen Above the 1.2685 mark. • Short-term range appears to be Mild Bullish. • GBPUSD continues to remain Above the 1.2760 levels. • Average true range ATR is indicating High market volatility. GBPUSD is now trading just above its Pivot levels of 1.2771 and is moving into a Strongly Bullish channel. The price of GBPUSD is aiming to cross its Classic Resistance levels of 1.2785 after which we can see the breach of 1.2800 levels which is a 1-months High. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted Thursday at 11:59 AM Author Share Posted Thursday at 11:59 AM EURUSD Technical Analysis – 06th JUNE, 2024 EURUSD – Bearish Price Crossover pattern EURUSD was unable to sustain its bullish momentum and after touching a low of 1.0895 started its bearish correction phase coming down below the 1.0880 handle today in the European Trading session. We can see the formation of Bearish Price Crossover pattern with the Moving Average MA20 and MA50 in the 1-hourly timeframe. The prices of Euro are ranging near the resistance of the channel in the 1-hourly timeframe indicating the bearish nature of the markets. We can also see the formation of Doji which is indicative of the Neutral stance present in the markets. The RSI Indicator is back under 50 in the 1-hourly timeframe indicating the Bearish Trend. EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages. • Euro Bearish Reversal seen Below the 1.0895 mark. • Short-term range appears to be Mild Bearish. • EURUSD continues to remain Below the 1.0880 levels. • Average true range ATR is indicating less market volatility. The next Support is located at 1.0873 which is a 3-10 Day MACD Oscillator Stalls. EURUSD is now trading below its Pivot levels of 1.0879 and is moving into a Mild bearish channel. The price of EURUSD remains below its Classic resistance levels of 1.0883 and is moving towards its next target of 1.0862 which is a 50% Retracement From 52 Week High/Low. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted Thursday at 12:09 PM Author Share Posted Thursday at 12:09 PM GBPUSD Technical Analysis – 06th JUNE, 2024 GBPUSD – Bearish Trend Reversal GBPUSD was unable to sustain its bullish momentum and after touching a high of 1.2808, the prices started correcting downwards crossing the 1.2780 handle today in the European Trading session. We have detected the formation of Bearish Trend Reversal pattern with the Adaptive Moving Average AMA50 in the 1-hourly timeframe. The MACD crosses DOWN its Moving Average in the 2-hourly timeframe indicative of the Bearish Trends. The price of GBPUSD is back under the Pivot point in the 4-hourly timeframe which indicates the bearish pressure present into the markets. The prices are ranging near the resistance of the channel in the daily timeframe indicating the Bearish Trends. GBPUSD is now trading above its 100-hour SMA and above its 200-hour SMA simple moving average. • Pound Bearish Reversal seen below the 1.2808 mark. • Short-term range appears to be Mild Bearish. • GBPUSD continues to remain Below the 1.2780 levels. • Average true range ATR is indicating less market volatility. GBPUSD is now trading just below its Pivot levels of 1.2782 and is moving into a Strongly Bearish channel. The price of GBPUSD is aiming to cross its Classic support levels of 1.2765 which is a 14-3 Day Raw Stochastic at 70%. We are also looking for the breach of the levels of 1.2758 in the immediate short term at which the Price Crosses 9 Day Moving Average. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted Thursday at 12:14 PM Author Share Posted Thursday at 12:14 PM AUDUSD Technical Analysis – 06th JUNE, 2024 AUDUSD – Bearish Price Crossover pattern AUDUSD was unable to sustain its bullish momentum and after touching a low of 0.6682 started its bearish correction phase coming down below the 0.6650 handle today in the European Trading session. We can see the formation of Bearish Price Crossover pattern with the Moving Average MA100 in the 2-hourly timeframe. The prices of AUDUSD are ranging near the resistance of the channel in the daily timeframe indicating the bearish nature of the markets. The MACD crosses DOWN its Moving Average in the 2-hourly timeframe indicating the Bearish Trends. The Super Trend Indicator is giving a Bearish Signal in the 1-hourly timeframe. AUDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages. • AUDUSD Bearish Reversal seen Below the 0.6682 mark. • Short-term range appears to be Mild Bearish. • AUDUSD continues to remain Below the 0.6650 levels. • Average true range ATR is indicating less market volatility. The next Support is located at 0.6636 which is a 50% Retracement From 4 Week High/Low. AUDUSD is now trading below its Pivot levels of 0.6649 and is moving into a Mild bearish channel. The price of AUDUSD remains below its Classic resistance levels of 0.6652 and is moving towards its next target of 0.6627 at which the Price Crosses 9 Day Moving Average Stalls. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted Thursday at 12:17 PM Author Share Posted Thursday at 12:17 PM NZDUSD Technical Analysis – 06th JUNE, 2024 NZDUSD – Bearish Trend Reversal NZDUSD was unable to sustain its bullish momentum and after touching a low of 0.6214 started its bearish correction phase coming down below the 0.6190 handle today in the European Trading session. We can see the formation of Bearish Trend Reversal pattern with the Adaptive Moving Average AMA100 in the 1-hourly timeframe. The prices of NZDUSD are ranging near the resistance of the channel in the weekly timeframe indicating the bearish nature of the markets. We can also see that the MACD crosses DOWN its Moving Average in the 4-hourly timeframe. The RSI Indicator is back under 50 in the 2-hourly timeframe indicating the Bearish Trend. NZDUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages. • NZDUSD Bearish Reversal seen Below the 0.6214 mark. • Short-term range appears to be Mild Bearish. • NZDUSD continues to remain Below the 0.6190 levels. • Average true range ATR is indicating less market volatility. The next Support is located at 0.6175 which is a 14-3 Day Raw Stochastic at 80%. NZDUSD is now trading below its Pivot levels of 0.6186 and is moving into a Mild bearish channel. The price of NZDUSD remains below its Classic resistance levels of 0.6189 and is moving towards its next target of 0.6153 at which the Price Crosses 9 Day Moving Average. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted Friday at 02:44 PM Author Share Posted Friday at 02:44 PM EURUSD Technical Analysis – 07th JUNE, 2024 EURUSD – Bearish Price Crossover Pattern EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0901 the prices started declining against the United States Dollar. We can see the formation of Bearish Price Crossover pattern with the Adaptive Moving Average AMA20 and AMA50 in the 30-minutes timeframe. The CCI Indicator is giving a Bearish Divergence signal in the 15-minutes timeframe. The MACD crosses DOWN its Moving Average in the 30-minutes timeframe. The Ichimoku price is under the cloud in the 30-minutes timeframe which is indicative of the Bearish Tendencies present into the markets. We can also see the formation of a Long Black Line in the 30-minutes timeframe which is a Bearish formation. The Super Trend indicator is also giving a bearish reversal signal in the 1-hourly timeframe. EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages. • Euro Bearish Reversal seen Below the 1.0901 mark. • Short-term range appears to be Strongly Bearish. • EURUSD continues to remain below the 1.0840 levels. • Average true range ATR is indicating high market volatility. The next support is located at 1.0828 which is a 14 Day RSI at 50%. EURUSD is now trading below its Pivot levels of 1.0896 and is moving into a Strongly Bearish channel. The price of EURUSD remains below its Classic support levels of 1.0875 and is moving towards its next target of 1.0826 which is a 14-3 Day Raw Stochastic at 30%. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted Friday at 02:51 PM Author Share Posted Friday at 02:51 PM GBPUSD Technical Analysis – 07th JUNE, 2024 GBPUSD – Bearish Price Crossover Pattern GBPUSD was unable to sustain its bullish momentum and after touching a high of 1.2811, the prices started correcting downwards crossing the 1.2725 handle today in the European Trading session. We have detected the formation of Bearish price crossover pattern with the Adaptive Moving Average AMA 20, AMA50 and AMA100 in the 30-minutes timeframe. The MACD crosses DOWN its Moving Average in the 30-minutes timeframe indicative of the Bearish Trends. Both the Parabolic SAR indicator and RSI indicator are giving a bearish reversal signal in the 30-minutes timeframe. We can also see the Ichimoku price is under the cloud in the 30-minutes timeframe. GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average. • Pound Bearish Reversal seen below the 1.2811 mark. • Short-term range appears to be Strongly Bearish. • GBPUSD continues to remain Below the 1.2730 levels. • Average true range ATR is indicating high market volatility. GBPUSD is now trading below its Pivot levels of 1.2761 and is moving into a Strongly Bearish channel. The price of GBPUSD is aiming to cross its Classic support levels of 1.2704 with further progression towards the 1.2702 which is a 3-10-16 Day MACD Moving Average Stalls. We are also looking for the breach of the levels of 1.2686 which is a 14 Day RSI at 50%. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted Friday at 03:03 PM Author Share Posted Friday at 03:03 PM AUDUSD Technical Analysis – 07th JUNE, 2024 AUDUSD – Bearish Trend Reversal AUDUSD was unable to sustain its bullish momentum and after touching a high of 0.6680 started its bearish correction phase coming down below the 0.6600 handle today in the European Trading session. We can see the formation of Bearish Trend Reversal pattern with the Moving Average MA20, MA50 and MA100 in the 1-hourly timeframe. The Parabolic SAR indicator is giving a bearish reversal signal in the 2-hourly timeframe. We can also see the formation of Long Black line which is indicative of the bearish tendencies present in the markets. The MACD crosses DOWN its Moving Average in the 4-hourly timeframe indicating the Bearish Trends. The Super Trend Indicator is giving a Bearish Signal in the 4-hourly timeframe. AUDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages. • AUDUSD Bearish Reversal seen Below the 0.6680 mark. • Short-term range appears to be Strongly Bearish. • AUDUSD continues to remain Below the 0.6600 levels. • Average true range ATR is indicating high market volatility. The next Support is located at 0.6585 which is a 50% Retracement From 52 Week High/Low. AUDUSD is now trading below its Pivot levels of 0.6628 and is moving into a Strong bearish channel. The price of AUDUSD remains above its Classic resistance levels of 0.6585 and is moving towards its next target of 0.6582 at which the Price Crosses 40 Day Moving Average. 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 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted Friday at 03:07 PM Author Share Posted Friday at 03:07 PM NZDUSD Technical Analysis – 07th JUNE, 2024 NZDUSD – Moving Average Bearish Crossovers NZDUSD was unable to sustain its bullish momentum and after touching a high of 0.6202 started its bearish correction phase coming down below the 0.6130 handle today in the European Trading session. We can see the formation of Moving Average Bearish Crossovers pattern with the MA20 and MA50 in the 1-hourly timeframe. The Aroon indicator is giving bearish trend signal in the 2-hourly timeframe. The Ichimoku price is under the cloud in the 2-hourly timeframe indicating the bearish trends. The Super Trend indicator is also giving bearish reversal signal in the 2-hourly timeframe. NZDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages. • NZDUSD Bearish Reversal seen Below the 0.6202 mark. • Short-term range appears to be Strongly Bearish. • NZDUSD continues to remain Below the 0.6130 levels. • Average true range ATR is indicating high market volatility. The next Support is located at 0.6109 which is a 14-3 Day Raw Stochastic at 20%. NZDUSD is now trading below its Pivot levels of 0.6159 and is moving into a Strongly bearish channel. The price of NZDUSD remains above its Classic resistance levels of 0.6117 and is moving towards its next target of 0.6101 which is a 14 Day RSI at 50%. 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 Quote Link to comment Share on other sites More sharing options...
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