Daily Market Analytics - Forex

[FXOpen Trader]

AUDUSD Technical Analysis – 11th JUNE, 2024

AUDUSD – Near Resistance of Triangle

 
AUDUSD continues its bearish momentum from last week after failing to clear the resistance levels located at 0.6620 as we can see a continuous decline in its levels today in the European Trading session.
The prices of NZDUSD are ranging near the resistance of triangle in the weekly timeframe which indicates the bearish trends present in the markets.
The prices are back under the Pivot point in both the 4-hourly and daily timeframe indicating the bearish tendencies.

We can see the formation of Bearish price crossover pattern with the Adaptive Moving Average AMA20 in the 2-hourly timeframe.
The MACD crosses DOWN its Moving Average in the 1-hourly timeframe indicating the Bearish Trends.
The Momentum indicator is back under Zero in the 30-minutes timeframe.

AUDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•    AUDUSD Bearish Continuation seen Below the 0.6612 mark.
•    Short-term range appears to be Mild Bearish.
•    AUDUSD continues to remain Below the 0.6600 levels.
•    Average true range ATR is indicating less 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 0.6597 and is moving into a Mild bearish channel.

The price of AUDUSD remains below its Classic resistance levels of 0.6601 and is moving towards its next target of 0.6579 which is a 38.2% Retracement From 13 Week 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

[FXOpen Trader]

NZDUSD Technical Analysis – 11th JUNE, 2024

NZDUSD – Aroon Indicator Bearish Trend

NZDUSD continues its bearish momentum from last week after failing to clear the resistance located at 0.6140 as the prices continue to decline against the United States Dollar.
The prices of NZDUSD are ranging near the resistance of the triangle in the weekly timeframe indicating the bearish trends.

The Aroon indicator is giving bearish trend signal in the 15-minutes timeframe.
The prices are also ranging near a new record low of 1-months in the weekly timeframe.
Some of the technical indicators are also giving a Bullish trend signal which indicates that the prices may be due for upwards correction in the immediate short term.

NZDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•    NZDUSD Bearish Continuation seen Below the 0.6132 mark.
•    Short-term range appears to be Mild Bearish.
•    NZDUSD continues to remain Below the 0.6130 levels.
•    Average true range ATR is indicating less market volatility.

The next Support is located at 0.6122 which is a 14-3 Day Raw Stochastic at 30%.
NZDUSD is now trading just near to its Pivot levels of 0.6126 and is moving into a Mild bearish channel.

The price of NZDUSD remains below its Classic resistance levels of 0.6130 and is moving towards its next target of 0.6115 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

[FXOpen Trader]

EURUSD Technical Analysis – 14th JUNE, 2024

EURUSD – Moving Average Bearish Crossover pattern

EURUSD was unable to sustain its bullish rebound from the lower levels and after touching a high of 1.0850 the prices started to decline against the United States Dollar.
We can see the formation of Moving Average Bearish Crossover pattern with the Moving Average MA20 and MA50 in the 2-hourly timeframe.
The Support of the channel is broken in the daily timeframe indicating the bearish tendencies.
The Super Trend indicator is also giving a bearish reversal signal in the daily timeframe.
The RSI indicator and Pivot points are giving a Neutral stance in the 30-minutes timeframe.

The prices of EURUSD are ranging near the horizontal resistance in the 15-minutes timeframe.
Some of the technical indicators are also giving a neutral stance which means that the prices are expected to enter into a consolidation zone.

EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•    Euro Bearish Reversal seen Below the 1.0850 mark.
•    Short-term range appears to be Mildly Bearish.
•    EURUSD continues to remain below the 1.0700 levels.
•    Average true range ATR is indicating high market volatility.

The next support is located at 1.0689 which is a Price 3 Standard Deviations Support.
EURUSD is now trading below its Pivot levels of 1.0697 and is moving into a Mild Bearish channel.

The price of EURUSD remains above its Classic support levels of 1.0683 and is moving towards its next target of 1.0676 which is a 3-10 Day MACD Oscillator 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

[FXOpen Trader]

GBPUSD Technical Analysis – 14th JUNE, 2024

GBPUSD – Bearish Trend Reversal

 
GBPUSD was unsuccessful in its bullish rebound attempt and after touching a high of 1.2858, the prices continue to decline against the United States Dollar.
The support of the channel is broken in the 1-hourly timeframe.
We can see the formation of Bearish Trend Reversal pattern with the Moving Average MA20 and MA100 in the 4-hourly timeframe.
The Parabolic SAR indicator is giving a bearish reversal signal in the daily timeframe.
The prices of GBPUSD are ranging near the resistance of the triangle in the weekly 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 1.2858 mark.
•    Short-term range appears to be Mild Bearish.
•    GBPUSD continues to remain Below the 1.2700 levels.
•    Average true range ATR is indicating high market volatility.

GBPUSD is now trading below its Pivot levels of 1.2707 and is moving into a Mild Bearish channel.
The price of GBPUSD is aiming to cross its Classic support levels of 1.2680 with further progression towards the 1.2662 which is a Pivot Point 3rd Support Point.

We are also looking for the breach of the levels of 1.2646 which is a 38.2% Retracement From 13 Week 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

[FXOpen Trader]

AUDUSD Technical Analysis – 14th JUNE, 2024

AUDUSD – Bearish Price Crossover

 
AUDUSD was unable to sustain its bullish rebound and after touching a high of 0.6704, we can see a continuous decline in its levels today in the European Trading session.
The prices of AUDUSD are ranging near the resistance of channel in the 15-minutes timeframe which indicates the bearish trends present in the markets.
The support of the channel is broken in the 1-hourly timeframe.

We can see the formation of Bearish price crossover pattern with the Adaptive Moving Average AMA20 in the daily timeframe.
The Aroon indicator is giving a bearish trend formation in the 4-hourly timeframe.
The Momentum indicator is back under Zero 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 0.6704 mark.
•    Short-term range appears to be Mild Bearish.
•    AUDUSD continues to remain Below the 0.6610 levels.
•    Average true range ATR is indicating high market volatility.

The next Support is located at 0.6596 which is a Pivot Point 2nd Support Point.
AUDUSD is now trading below its Pivot levels of 0.6609 and is moving into a Mild bearish channel.

The price of AUDUSD remains below its Classic resistance levels of 0.6617 and is moving towards its next target of 0.6585 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

[FXOpen Trader]

NZDUSD Technical Analysis – 14th JUNE, 2024

NZDUSD – Bearish Trend Reversal

 
NZDUSD was unable to sustain its bullish rebound and after touching a high of 0.6220, the prices continue to decline against the United States Dollar.
The prices of NZDUSD are ranging near the horizontal resistance in the 15-minutes timeframe indicating the bearish trends.
The MACD crosses DOWN its Moving average in the 30-minutes timeframe.

The support of the channel is also broken in the 1-hourly timeframe which indicates the presence of the bearish pressure into the markets.
The Ichimoku price is under the cloud 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 0.620 mark.
•    Short-term range appears to be Mild 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 0.6116 which is a 14 Day RSI at 50%.
NZDUSD is now trading below its Pivot levels of 0.6131 and is moving into a Mild bearish channel.

The price of NZDUSD remains below its Classic resistance levels of 0.6139 and is moving towards its next target of 0.6106 which is a 38.2% Retracement From 4 Week 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

[FXOpen Trader]

EURUSD Technical Analysis – 17th JUNE, 2024

EURUSD – Bullish Trend Reversal

 
EURUSD touched a low of 1.0667 after which we can see some correction in the markets which managed to pull back the prices of Euro above the 1.0700 levels.
We can see the formation of Bullish Trend Reversal pattern with the Adaptive Moving Average AMA100 in the 15-minutes timeframe.
The Aroon Indicator is giving bullish trend signal in the 2-hourly timeframe.
The prices of EURUSD are ranging back over the pivot point in the 4-hourly timeframe.

The RSI indicator is also giving bullish divergence signal in the 4-hourly timeframe.
The horizontal resistance of the channel is broken in the weekly timeframe which is indicative of the bullish pressure present in the markets.

EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•    Euro Bullish Reversal seen above the 1.0667 mark.
•    Short-term range appears to be Mildly Bullish.
•    EURUSD continues to remain above the 1.0700 levels.
•    Average true range ATR is indicating high market volatility.

The next resistance is located at 1.0731 which is a 38.2% Retracement From 13 Week Low.
EURUSD is now trading above its Pivot levels of 1.0709 and is moving into a Mild Bullish channel.

The price of EURUSD remains above its Classic support levels of 1.0704 and is moving towards its next target of 1.0732 which is a Price 1 Standard Deviation 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

[FXOpen Trader]

GBPUSD Technical Analysis – 17th JUNE, 2024

GBPUSD – Bullish Price Crossover

 
GBPUSD entered into a consolidation phase after which we can see some positive price correction in the levels of Pound in the European Trading session today.
We can see the formation of Bullish price crossover pattern with the Moving Average MA20 in the 15-minutes timeframe.
The MACD indicator is giving a bearish divergence signal in the weekly timeframe.

We have also seen a Bullish opening of the markets this week.
The prices of GBPUSD are ranging near the horizontal support in the daily timeframe which is also indicative of the bullish trends.
Both the CCI and RSI indicators are giving a bullish divergence signal in the 4-hourly timeframe.

GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average.
•    Pound Bullish Reversal seen above the 1.2656 mark.
•    Short-term range appears to be Mild Bullish.
•    GBPUSD continues to remain above the 1.2650 levels.
•    Average true range ATR is indicating less market volatility.

GBPUSD is now trading near to its Pivot levels of 1.266 and is moving into a Mild Bullish channel.
The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2673 with further progression towards the 1.2697 which is a 14-3 Day Raw Stochastic at 20%.

We are also looking for the breach of the levels of 1.2702 which is a Pivot Point.

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

[FXOpen Trader]

AUDUSD Technical Analysis – 17th JUNE, 2024

AUDUSD – Bullish Trend Reversal

 
AUDUSD prices continued to decline after which we can see the resumption of the bullish trend in the markets. We can see that the prices are recovering in the European trading session.
We can see the formation of Bullish Trend reversal with the Moving Average MA20 in the weekly timeframe.
The prices of AUDUSD are ranging near the support of triangle in the monthly timeframe.
We have also seen Bullish opening of the markets this week.

The Momentum indicator is back over Zero in the 2-hourly timeframe.
AUDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•    AUDUSD Bullish Reversal seen above the 0.6590 mark.
•    Short-term range appears to be Mild Bullish.
•    AUDUSD continues to remain above the 0.6590 levels.
•    Average true range ATR is indicating less market volatility.

The next resistance is located at 0.6601 which is a 3-10 Day MACD Oscillator Stalls.
AUDUSD is now trading just below its Pivot levels of 0.6598 and is moving into a Mild bullish channel.

The price of AUDUSD remains above its Classic support levels of 0.6588 and is moving towards its next target of 0.6611 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

[FXOpen Trader]

NZDUSD Technical Analysis – 17th JUNE, 2024

NZDUSD – Bullish Trend Reversal

 
NZDUSD continued its decline towards the 0.6108 levels after which we can see some rebound in its prices in the European Trading session.
We can see the formation of Bullish Trend reversal with Moving Average MA20 in the weekly timeframe.
The prices of NZDUSD are ranging near the support of the triangle in the monthly timeframe which indicates the bullish rebound.
The RSI indicator is giving a bullish divergence signal in the 1-hourly timeframe.

The prices of NZDUSD are ranging near a new record high of 1 -months and 1-year which also indicates the presence of the bullish trends in the markets.
NZDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.

•    NZDUSD Bullish rebound seen above the 0.6108 mark.
•    Short-term range appears to be Mild Bullish.
•    NZDUSD continues to remain above the 0.6100 levels.
•    Average true range ATR is indicating less market volatility.

The next resistance is located at 0.6120 which is a 3-10 Day MACD Oscillator Stalls.
NZDUSD is now trading below its Pivot levels of 0.6115 and is moving into a Mild bullish channel.

The price of NZDUSD remains above its Classic support levels of 0.6090 and is moving towards its next target of 0.6128 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

[FXOpen Trader]

EURUSD Technical Analysis – 20th JUNE, 2024

EURUSD – Bearish Trend Reversal

 
EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0748 the prices started to decline against the United States Dollar.
We can see the formation of Bearish Trend Reversal pattern with the Adaptive Moving Average AMA20 in the 4-hourly timeframe.
The prices of EURUSD are ranging near the resistance of the channel in the monthly timeframe.
The Ichimoku price is under the cloud in the daily timeframe which also indicates the bearish tendencies present in the markets.

We can also see the formation of the Ichimoku Bearish crossover Tenkan and Kijun 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 1.0748 mark.
•    Short-term range appears to be Mildly Bearish.
•    EURUSD continues to remain above the 1.0700 levels.
•    Average true range ATR is indicating less market volatility.

The next support is located at 1.0705 which is a Price 2 Standard Deviations Support.
EURUSD is now trading below its Pivot levels of 1.0728 and is moving into a Mild Bearish channel.

The price of EURUSD remains above its Classic support levels of 1.0706 and is moving towards its next target of 1.0699 which is a Pivot Point 3rd Support Point.

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

[FXOpen Trader]

GBPUSD Technical Analysis – 20th JUNE, 2024

GBPUSD – Horizontal support is broken

 
GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2722 the prices started to decline against the United States dollar.
We can see the formation of Bearish Trend Reversal pattern with the Adaptive Moving average AMA20 in the 4-hourly timeframe.
The Horizontal support is also broken in the daily timeframe.
The RSI indicator is also back under 50 in the daily timeframe.
We have also seen a Bullish opening of the markets this week.

The prices of GBPUSD are ranging near the new record low of 1 -months in the weekly 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 1.2722 mark.
•    Short-term range appears to be Mild Bearish.
•    GBPUSD continues to remain above the 1.2650 levels.
•    Average true range ATR is indicating less market volatility.

GBPUSD is now trading below its Pivot levels of 1.2710 and is moving into a Mild Bearish channel.
The price of GBPUSD is aiming to cross its Classic support levels of 1.2700 with further progression towards the 1.2680 which is a Pivot Point 2nd Support Point.
We are also looking for the breach of the levels of 1.2666 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

[FXOpen Trader]

EURUSD Technical Analysis – 01st JULY, 2024

EURUSD – Parabolic SAR Bullish Reversal

 
EURUSD was unable to sustain its bearish momentum and after touching a low of 1.0705 the prices started to bounce upwards touching a high of 1.0755 against the United States Dollar.
The Parabolic SAR indicator is giving a bullish reversal signal in the daily timeframe.
The momentum indicator is back over zero indicating the bullish trends.

The Arron indicator is also giving bullish trend signal in the weekly timeframe.
We can also see the formation of Upside Gap in the daily timeframe which suggest the Bullish nature of the markets.

EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.
•    Euro Bullish Reversal seen above the 1.0705 mark.
•    Short-term range appears to be Mildly Bullish.
•    EURUSD continues to remain above the 1.0700 levels.
•    Average true range ATR is indicating less market volatility.

The next resistance is located at 1.0769 at which the Price Crosses 40 Day Moving Average Stalls.
EURUSD is now trading below its Pivot levels of 1.0763 and is moving into a Mild Bullish channel.

The price of EURUSD remains above its Classic support levels of 1.0740 and is moving towards its next target of 1.0791 which is a 50% Retracement From 4 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

[FXOpen Trader]

GBPUSD Technical Analysis – 01st JULY, 2024

GBPUSD – Bullish Price Crossover

 
GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2630 the prices started to bounce upwards touching a high of 1.2688 against the United States dollar.
We can see the formation of Bullish Price crossover pattern with Moving Average MA100 in the 2-hourly timeframe.
The Resistance of the channel is broken in the 1-hourly timeframe.
The Super Trend indicator is also giving a bullish reversal signal in the 2-hourly timeframe.
We have also seen a Bullish opening of the markets this week.

The prices of GBPUSD are ranging near the support of the channel in the daily 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 1.2630 mark.
•    Short-term range appears to be Mild Bullish.
•    GBPUSD continues to remain above the 1.2650 levels.
•    Average true range ATR is indicating less market volatility.

 

GBPUSD is now trading below its Pivot levels of 1.2672 and is moving into a Mild Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.2660 with further progression towards the 1.265 which is a 14 Day RSI at 50%.

We are also looking for the breach of the levels of 1.2687 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

[FXOpen Trader]

GBPUSD Technical Analysis – 09th JULY, 2024

GBPUSD – Bearish Harami Cross

 
GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2844 on 8th July the prices have started to decline against the United States dollar.

We can see the formation of Bearish Harami Cross pattern in the weekly timeframe.
The prices of GBPUSD are also ranging near a new low record of 1 months which is also bearish in nature.
The RSI indicator is giving a bearish divergence signal in the weekly timeframe.
The prices of GBPUSD are ranging near the resistance of the channel in the weekly timeframe, and near the horizontal resistance in the 15-minutes timeframe.

GBPUSD is now trading above its 100-hour SMA and above its 200-hour SMA simple moving average.
•    Pound Bearish Reversal seen below the 1.2844 mark.
•    Short-term range appears to be Mild Bearish.
•    GBPUSD continues to remain above the 1.2800 levels.
•    Average true range ATR is indicating less market volatility.

GBPUSD is now trading just near to its Pivot levels of 1.2809 and is moving into a Mild Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2799 levels which is a 14-3 Day Raw Stochastic at 80%.
We are also looking for the breach of the levels of 1.2785 which is a Pivot Point 1st Support Point.

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

[FXOpen Trader]

EURUSD Technical Analysis – 09th JULY, 2024

EURUSD – Bearish Price Crossover

 
EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0844 the prices have started to decline touching a low of 1.0818 today in the Asian trading session.

We can see the formation of Bearish price crossover pattern with the Adaptive Moving average AMA20 and AMA50 in the 15-minutes timeframe.
The Parabolic SAR indicator is also giving a bearish reversal signal in the 15-minutes timeframe.
The RSI indicator is back under 50 in the 30-minutes timeframe.
We can also see that the price is back under the pivot point in the 1-hourly timeframe.

EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.
•    Euro Bearish Reversal seen below the 1.0844 mark.
•    Short-term range appears to be Mildly Bearish.
•    EURUSD continues to remain above the 1.0800 levels.
•    Average true range ATR is indicating less market volatility.

The next support is located at 1.0802 which is a Pivot Point 1st Support Point.
EURUSD is now trading below its Pivot levels of 1.0829 and is moving into a Mild Bearish channel.

The price of EURUSD remains above its Classic support levels of 1.0822 and is moving towards its next target of 1.0809 which is a 14-3 Day Raw Stochastic at 80%.

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

[FXOpen Trader]

EURUSD Technical Analysis – 11th JULY, 2024

EURUSD – Bullish Trend Reversal

 
EURUSD was unable to sustain its bearish momentum and after touching a low of 1.0813 on 10th July the prices have stabilized and we can see a resumption of the Uptrend in the markets.
We can see the formation of Bullish Trend reversal pattern with the Adaptive Moving average AMA50 and AMA100 in the weekly timeframe.
The resistance of the channel is broken in the daily timeframe which is indicative of the bullish trend present in the markets.
The RSI indicator is back over 50 in the 15-minutes timeframe.

Some of the technical indicators are also giving a neutral tone which indicates the presence of the consolidation wave in the markets.
We have also seen the prices of EURUSD ranging near a new high record in the weekly timeframe.

EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.
•    Euro Bullish Reversal seen above the 1.0814 mark.
•    Short-term range appears to be Mildly Bullish.
•    EURUSD continues to remain above the 1.0820 levels.
•    Average true range ATR is indicating less market volatility.

The next resistance is located at 1.0843 which is a Pivot Point 2nd Level Resistance.
EURUSD is now trading below just near to its Pivot levels of 1.0836 and is moving into a Mild Bullish channel.

The price of EURUSD remains above its Classic support levels of 1.0831 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

[FXOpen Trader]

GBPUSD Technical Analysis – 11th JULY, 2024

GBPUSD – Ichimoku - Bullish crossover

 
GBPUSD was unable to continue its bearish momentum and after forming a low of 1.2801 the prices have stabilized and continue to correct upwards with a bullish correction wave.
We can see the formation of Ichimoku - Bullish crossover: Tenkan & Kijun in the daily timeframe.
The prices of GBPUSD are also ranging near a new high record of 1 year in the weekly timeframe.

The Parabolic SAR indicator is giving bullish reversal signal in the 30-minutes timeframe.
We can also see the formation of a Long white line in the 15-minutes timeframe which is indicative of the bullish trend present in the markets.

GBPUSD is now trading above its 100-hour SMA and above its 200-hour SMA simple moving average.
•    Pound Bullish Reversal seen above the 1.2801 mark.
•    Short-term range appears to be Mild Bullish.
•    GBPUSD continues to remain above the 1.2850 levels.
•    Average true range ATR is indicating less market volatility.

GBPUSD is now trading just near to its Pivot levels of 1.2857 and is moving into a Mild Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.2849 and is now moving towards 1.2867 which is a 1-Month High.
We are also looking for the breach of the levels of 1.2909 which is a 14 Day RSI 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

[FXOpen Trader]

EURUSD Technical Analysis – 16th JULY, 2024

EURUSD – Bearish Price Crossover

 
EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0921 the prices started to decline against the United States dollar.
We can see the formation of Bearish price crossover pattern with Adaptive Moving average AMA20 in the 4-hourly timeframe.
The Parabolic SAR indicator is giving a bearish reversal signal in the 4-hourly timeframe.

The support of the channel is broken in the 15-minutes timeframe.
The Momentum indicator is also back under zero in the 4-hourly timeframe indicating the bearish nature of the market.
We have also seen the prices of EURUSD ranging near a new low record of 1-month.

EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.
•    Euro Bearish Reversal seen below the 1.0921 mark.
•    Short-term range appears to be Mildly Bearish.
•    EURUSD continues to remain above the 1.0880 levels.
•    Average true range ATR is indicating less market volatility.

The next support resistance is located at 1.0876 which is a Pivot Point 1st Support Point.
EURUSD is now trading below just near to its Pivot levels of 1.0889 and is moving into a Mild Bearish channel.

The price of EURUSD remains above its Classic support levels of 1.0878 and is moving towards its next target of 1.0871 which is a 14-3 Day Raw Stochastic at 80%.

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

[FXOpen Trader]

GBPUSD Technical Analysis – 16th JULY, 2024

GBPUSD – Bearish Harami Cross

 
GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2993 the prices started to decline steadily against the United States dollar.
We can see the formation of Bearish Harami Cross pattern in the weekly timeframe.
The prices of GBPUSD are also ranging near horizontal resistance in the monthly timeframe.

We can also see the formation of Black gravestone/ inverted hammer pattern in the weekly timeframe which is also indicative of the bearish trends.
The prices of GBPUSD are moving near resistance of channel in both the daily and weekly timeframes.

GBPUSD is now trading above its 100-hour SMA and above its 200-hour SMA simple moving average.
•    Pound Bearish Reversal seen below the 1.2993 mark.
•    Short-term range appears to be Mild Bearish.
•    GBPUSD continues to remain above the 1.2950 levels.
•    Average true range ATR is indicating less market volatility.

GBPUSD is now trading just near to its Pivot levels of 1.2958 and is moving into a Mild Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2945 and is now moving towards its next target of 1.2955 which is a Pivot Point 1st Support Point.

We are also looking for the breach of the levels of 1.2942 which is a Pivot Point 2nd Support Point.

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

[FXOpen Trader]

AUDUSD Technical Analysis – 22nd JAN, 2026
AUDUSD – Intraday dynamics on the four hour chart revealed stretched conditions
 

AUD/USD Technical Analysis – 22nd January 2026
On 22nd January 2026, AUD/USD advanced to a high of 0.6778, a level that underscored the strength of its ongoing recovery but simultaneously highlighted the presence of firm supply near the 0.6780 psychological zone. The candle structure was moderately extended with a pronounced upper wick, reflecting how buyers initially drove price higher but were met with resistance as sellers re entered to cap the advance. This rejection suggested that while the broader trend remained constructive, intraday enthusiasm was beginning to fade.

On the daily chart, the short term structure remained supportive, with the 20 day moving average positioned around 0.6745, cushioning the advance. The 50 day average, rising from 0.6690, reinforced medium term bullish momentum, while the 200 day average at 0.6560 confirmed the longer term uptrend. Momentum indicators hinted at caution: RSI readings hovered near 62, edging into overbought territory, while MACD values were positive but flattening, suggesting that upside strength was beginning to lose intensity.

Intraday dynamics on the four hour chart revealed stretched conditions. Stochastic oscillators pushed into the upper 70s, flashing overbought signals. Price stalled as sellers defended the 0.6775–0.6780 band, while immediate support was layered at 0.6745 and 0.6710. Volatility compressed into a narrowing corridor, often a precursor to breakout attempts, but the balance of flows suggested hesitation rather than conviction.

The weekly perspective provided broader context. Since the October 2025 trough near 0.6420, AUD/USD has carved a rising channel, with successive higher lows confirming the resilience of the bullish framework. Average True Range readings around 0.0060 reflected controlled but directional swings. Fibonacci retracement mapping from the July 2025 peak at 0.6895 to the October low at 0.6420 highlighted key checkpoints: 38.2% at 0.6605, 50% at 0.6655, and 61.8% at 0.6710. The 0.6778 high sat above this 61.8% marker, reinforcing its importance as a resistance zone where sellers were expected to regroup.

Sentiment at this juncture was shaped by the tension between short term overextension and longer term bullish conviction. Institutional flows appeared to fade near retracement resistance, while retail positioning remained cautious given the proximity to stretched oscillator readings. The ability of the pair to sustain above 0.6745 was critical, as holding this level would preserve the bullish narrative and invite renewed buying interest.

Looking forward, continuation of the rally requires a clean break above 0.6780, which would open the path toward 0.6840 and eventually 0.6895, aligning with prior swing highs. Conversely, a slip back below 0.6745 would expose the pair to corrective pressure toward 0.6710 and 0.6655, levels that coincide with retracement support and medium term averages. Until a decisive breakout occurs, range bound trading between 0.6745 and 0.6780 is likely to dominate, offering tactical opportunities for short term traders while the broader uptrend remains intact.

In summary, AUD/USD’s climb to 0.6778 on 22nd January 2026 was not a clean breakout but rather a reaffirmation of overhead resistance. The interplay of moving averages, Fibonacci retracement, and momentum signals pointed to a market pausing at a critical juncture, with sellers defending supply and buyers awaiting confirmation for the next leg higher.

#fxopen #forex #forexanalysis

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 Trader]

EURCHF Technical Analysis – 22nd JAN, 2026
EURCHF – Looking forward, continuation of the rally requires a clean break above 0.9310
 

EUR/CHF Technical Analysis – 22nd January 2026
On 22nd January 2026, EUR/CHF advanced to a high of 0.9307, a level that underscored the pair’s short term recovery but simultaneously highlighted the presence of firm supply near the 0.9310 psychological zone. The candle structure was moderately extended with a pronounced upper wick, reflecting how buyers initially drove price higher but were met with resistance as sellers re entered to cap the advance. This rejection suggested that while momentum favoured the upside, enthusiasm was beginning to fade as the market approached overhead barriers.

On the daily chart, the short term structure remained supportive, with the 20 day moving average positioned around 0.9285, cushioning the advance. The 50 day average, sloping downward from 0.9350, reinforced medium term weakness, while the 200 day average at 0.9440 confirmed the longer term bearish bias. Momentum indicators hinted at caution: RSI readings hovered near 61, edging into overbought territory, while MACD values were marginally positive but flattening, suggesting that upside strength was beginning to lose intensity.

Intraday dynamics on the four hour chart revealed stretched conditions. Stochastic oscillators climbed into the upper 70s, flashing overbought signals. Price stalled as sellers defended the 0.9305–0.9310 band, while immediate support was layered at 0.9285 and 0.9250. Volatility compressed into a narrowing corridor, often a precursor to breakout attempts, but the balance of flows suggested hesitation rather than conviction.

The weekly perspective provided broader context. Since the mid 2025 peak near 0.9660, EUR/CHF has carved a descending sequence of lower highs and lower lows, underscoring the resilience of the bearish framework. Average True Range readings around 0.0060 reflected controlled but directional swings. Fibonacci retracement mapping from the November 2025 high at 0.9664 to the December low at 0.9271 highlighted key checkpoints: 38.2% at 0.9410, 50% at 0.9465, and 61.8% at 0.9520. The 0.9307 high sat well below these retracement markers, reinforcing its role as minor resistance within a broader downtrend.

Sentiment at this juncture was shaped by the tension between short term rebound attempts and longer term bearish conviction. Institutional flows appeared to fade near minor resistance, while retail positioning remained cautious given the proximity to stretched oscillator readings. The ability of the pair to sustain above 0.9285 was critical, as holding this level would preserve the corrective narrative and invite renewed buying interest.

Looking forward, continuation of the rally requires a clean break above 0.9310, which would open the path toward 0.9350 and eventually 0.9410, aligning with Fibonacci retracement checkpoints. Conversely, a slip back below 0.9285 would expose the pair to corrective pressure toward 0.9250 and 0.9210, levels that coincide with prior swing lows and medium term support. Until a decisive breakout occurs, range bound trading between 0.9285 and 0.9310 is likely to dominate, offering tactical opportunities for short term traders while the broader downtrend remains intact.

In summary, EUR/CHF’s climb to 0.9307 on 22nd January 2026 was not a clean breakout but rather a reaffirmation of overhead resistance. The interplay of moving averages, Fibonacci retracement, and momentum signals pointed to a market pausing at a critical juncture, with sellers defending supply and buyers awaiting confirmation for the next directional move.

#fxopen #forex #forexanalysis

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 Trader]

EURJPY Technical Analysis – 22nd JAN, 2026
EURJPY – On the daily chart, the short term structure showed signs of resilience

EUR/JPY Technical Analysis – 22nd January 2026
On 22nd January 2026, EUR/JPY slipped to a low of 184.77, a level that defined the lower boundary of its short term corrective move. The candle structure was broad ranged with a pronounced lower wick, illustrating how sellers initially pressed momentum but were met with firm demand as the market approached the 184.70–184.80 psychological zone. This rejection suggested that bearish flows were losing traction, with buyers stepping in to absorb supply and stabilize the decline.

On the daily chart, the short term structure showed signs of resilience. The 20 day moving average hovered near 185.40, cushioning the downside and acting as immediate support. The 50 day average, positioned around 186.80, was sloping gently upward, reinforcing medium term bullish undertones. The 200 day average at 180.20 confirmed that the longer term framework remained constructive, with the broader trend still favouring buyers despite the corrective dip. Momentum readings reflected caution: RSI values hovered near 44, leaning toward neutral to bearish territory, while MACD lines were marginally negative but beginning to flatten, suggesting that downside strength was losing intensity.

Intraday dynamics on the four hour chart revealed stretched conditions. Stochastic oscillators dipped into the low 30s, flashing oversold signals. Price stalled as buyers defended the 184.70–184.80 band, while resistance was layered at 185.40 and 186.00. Volatility compressed into a narrowing corridor, often a precursor to breakout attempts, but the balance of flows suggested hesitation rather than conviction.

The weekly perspective provided broader context. Since the September 2025 trough near 174.50, EUR/JPY has carved a rising channel, with successive higher lows confirming the resilience of the bullish framework. Average True Range readings around 1.55 reflected controlled but directional swings. Fibonacci retracement mapping from the July 2025 peak at 189.40 to the September low at 174.50 highlighted key checkpoints: 38.2% at 180.20, 50% at 181.95, and 61.8% at 183.70. The 184.77 low sat just above this 61.8% marker, underscoring its importance as a support area where buyers were expected to regroup.

Sentiment at this juncture was shaped by the tension between short term corrective pressure and longer term bullish conviction. Institutional flows appeared to accumulate near retracement support, while retail positioning remained cautious given the proximity to stretched oscillator readings. The ability of the pair to sustain above 184.70 was critical, as holding this level would preserve the bullish narrative and invite renewed buying interest.

Looking forward, continuation of the recovery requires a clean break above 185.40, which would open the path toward 186.80 and eventually 189.40, aligning with prior swing highs. Conversely, a slip back below 184.70 would expose the pair to corrective pressure toward 183.70 and 181.95, levels that coincide with retracement support and medium term averages. Until a decisive breakout occurs, range bound trading between 184.70 and 185.40 is likely to dominate, offering tactical opportunities for short term traders while the broader uptrend remains intact.

In summary, EUR/JPY’s dip to 184.77 on 22nd January 2026 was less a breakdown and more a reaffirmation of structural support. The interplay of moving averages, Fibonacci retracement, and momentum signals pointed to a market pausing at a critical juncture, with buyers defending demand and sellers awaiting confirmation for the next directional move.

#fxopen #forex #forexanalysis

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 Trader]

EURUSD Technical Analysis – 22nd JAN, 2026
EURUSD – Intraday dynamics on the four hour chart revealed stretched conditions.

EUR/USD Technical Analysis – 22nd January 2026
On 22nd January 2026, EUR/USD slipped to a low of 1.1670, a level that defined the lower boundary of its corrective move and highlighted the presence of defensive bids near the 1.1670 psychological threshold. The candle structure was broad ranged with a pronounced lower wick, illustrating how sellers initially pressed momentum but were met with firm demand as the market approached this zone. The rejection suggested that bearish flows were losing traction, with buyers stepping in to absorb supply and stabilize the decline.

On the daily chart, the short term structure showed signs of resilience. The 20 day moving average hovered near 1.1695, cushioning the downside and acting as immediate support. The 50 day average, positioned around 1.1740, was sloping gently upward, reinforcing medium term bullish undertones. The 200 day average at 1.1580 confirmed that the longer term framework remained constructive, with the broader trend still favouring buyers despite the corrective dip. Momentum readings reflected caution: RSI values hovered near 41, leaning toward neutral to bearish territory, while MACD lines were marginally negative but beginning to flatten, suggesting that downside strength was losing intensity.

Intraday dynamics on the four hour chart revealed stretched conditions. Stochastic oscillators dipped into the low 30s, flashing oversold signals. Price stalled as buyers defended the 1.1670–1.1675 band, while resistance was layered at 1.1695 and 1.1720. Volatility compressed into a narrowing corridor, often a precursor to breakout attempts, but the balance of flows suggested hesitation rather than conviction.

The weekly perspective provided broader context. Since the October 2025 through near 1.1450, EUR/USD has carved a rising channel, with successive higher lows confirming the resilience of the bullish framework. Average True Range readings around 0.0065 reflected controlled but directional swings. Fibonacci retracement mapping from the July 2025 peak at 1.1975 to the October low at 1.1450 highlighted key checkpoints: 38.2% at 1.1655, 50% at 1.1715, and 61.8% at 1.1775. The 1.1670 low aligned closely with the 38.2% retracement zone, underscoring its importance as a support area where buyers were expected to regroup.

Sentiment at this juncture was shaped by the tension between short term corrective pressure and longer term bullish conviction. Institutional flows appeared to accumulate near retracement support, while retail positioning remained cautious given the proximity to stretched oscillator readings. The ability of the pair to sustain above 1.1670 was critical, as holding this level would preserve the bullish narrative and invite renewed buying interest.

Looking forward, continuation of the recovery requires a clean break above 1.1720, which would open the path toward 1.1775 and eventually 1.1975, aligning with prior swing highs. Conversely, a slip back below 1.1670 would expose the pair to corrective pressure toward 1.1655 and 1.1600, levels that coincide with retracement support and medium term averages. Until a decisive breakout occurs, range bound trading between 1.1670 and 1.1720 is likely to dominate, offering tactical opportunities for short term traders while the broader uptrend remains intact.

In summary, EUR/USD’s dip to 1.1670 on 22nd January 2026 was less a breakdown and more a reaffirmation of structural support. The interplay of moving averages, Fibonacci retracement, and momentum signals pointed to a market pausing at a critical juncture, with buyers defending demand and sellers awaiting confirmation for the next directional move.

#fxopen #forex #forexanalysis

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 Trader]

GBPJPY Technical Analysis – 22nd JAN, 2026
GBPJPY – Looking forward, continuation of the rally requires a clean break above 213.50

GBP/JPY Technical Analysis – 22nd January 2026
On 22nd January 2026, GBP/JPY surged to a high of 213.46, a level that underscored the strength of its ongoing bullish trajectory but simultaneously highlighted the presence of firm supply near the 213.50 psychological barrier. The candle structure was wide ranged with a pronounced upper wick, reflecting how buyers initially drove momentum but were met with resistance as sellers re entered to cap the advance. This rejection suggested that while the broader trend remained constructive, intraday enthusiasm was beginning to fade as the market approached overhead resistance.

On the daily chart, the short term structure remained supportive, with the 20 day moving average positioned around 212.60, cushioning the advance. The 50 day average, rising from 210.80, reinforced medium term bullish momentum, while the 200 day average at 206.20 confirmed the longer term uptrend. Momentum indicators hinted at caution: RSI readings hovered near 65, edging into overbought territory, while MACD values were positive but beginning to flatten, suggesting that upside strength was losing intensity.

Intraday dynamics on the four hour chart revealed stretched conditions. Stochastic oscillators climbed into the upper 70s, flashing overbought signals. Price stalled as sellers defended the 213.40–213.50 band, while immediate support was layered at 212.60 and 211.80. Volatility compressed into a narrowing corridor, often a precursor to breakout attempts, but the balance of flows suggested hesitation rather than conviction.

The weekly perspective provided broader context. Since the September 2025 trough near 198.50, GBP/JPY has carved a rising channel, with successive higher lows confirming the resilience of the bullish framework. Average True Range readings around 1.90 reflected controlled but directional swings. Fibonacci retracement mapping from the July 2025 peak at 216.80 to the September low at 198.50 highlighted key checkpoints: 38.2% at 205.50, 50% at 207.65, and 61.8% at 209.80. The 213.46 high sat well above these retracement markers, reinforcing its role as a decisive resistance zone where sellers were expected to regroup.

Sentiment at this juncture was shaped by the tension between short term overextension and longer term bullish conviction. Institutional flows appeared to fade near the 213.50 barrier, while retail positioning remained cautious given the proximity to stretched oscillator readings. The ability of the pair to sustain above 212.60 was critical, as holding this level would preserve the bullish narrative and invite renewed buying interest.

Looking forward, continuation of the rally requires a clean break above 213.50, which would open the path toward 215.20 and eventually 216.80, aligning with prior swing highs. Conversely, a slip back below 212.60 would expose the pair to corrective pressure toward 211.80 and 209.80, levels that coincide with retracement support and medium term averages. Until a decisive breakout occurs, range bound trading between 212.60 and 213.50 is likely to dominate, offering tactical opportunities for short term traders while the broader uptrend remains intact.

In summary, GBP/JPY’s climb to 213.46 on 22nd January 2026 was not a clean breakout but rather a reaffirmation of overhead resistance. The interplay of moving averages, Fibonacci retracement, and momentum signals pointed to a market pausing at a critical juncture, with sellers defending supply and buyers awaiting confirmation for the next leg higher.

#fxopen #forex #forexanalysis

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 ...