Daily Market Analytics - Forex

USDJPY Technical Analysis – 18th NOV, 2024
USDJPY – Support of Channel is Broken


USDJPY was unable to continue its bullish momentum and after touching a high of 155.33 the prices started to decline against the United States Dollar today in the US Trading session.
We can see that the Support of channel is broken in the 15-minutes timeframe.
We see that the Bearish price crossover with Moving Average 100 is visible in the 15-minutes timeframe.
Also, we can see that the MACD indicator is back under zero in the 30-minutes timeframe.

Also, we have detected the RSI indicator is back under 50 in the 4-hourly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We can see that the MACD crosses DOWN its Moving Average in the daily timeframe.
Also, we see that the prices are ranging Near a new LOW record (1 month) in the weekly timeframe.
We have seen Bearish opening of the markets this week.

USDJPY is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Yen Bearish reversal seen below the 155.33 mark.
• Short-term range appears to be Bearish.
• USDJPY continues to remain above the 154.50 levels.
• Average true range ATR is indicating Less market volatility.
The next support is located at 154.32 at which the Price Crosses 9 Day Moving Average.
USDJPY is now trading near to its Pivot levels of 154.73 and is moving into a Bearish channel.
The price of USDJPY remains above its Classic support levels of 154.38 and is now moving towards its next target of 154.16 which is a 3-10-16 Day MACD Moving Average Stalls.

#fxopen
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

AUDUSD Technical Analysis – 22nd NOV, 2024
AUDUSD – Support of Channel is Broken


AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6532 the prices have started to decline against the United States Dollar today in the Asian trading session.
We can see that the Support of channel is broken in the 15-minutes timeframe. Also, the Support of triangle is broken in the 15-minutes timeframe.
We can see Bearish trend reversal: adaptative moving average 50 in the 1-hourly timeframe.
We have detected Bearish trend reversal: adaptative moving average 100 in the 1-hourly timeframe.
Also, we see Bearish price crossover with adaptative moving average 100 present in the 1-hourly timeframe.

The SuperTrend indicator bearish reversal signal is visible in the 1-hourly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets indicating the presence of the Consolidation wave in the markets.
We can also see the Ichimoku: price is under the cloud in the 2-hourly timeframe.
AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6532 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6490 levels.
• Average true range ATR is indicating Less market volatility.
The next support is located at 0.6483 which is a Price 3 Standard Deviations Support.
AUDUSD is now trading near to its Pivot levels of 0.6507 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6491 and is moving towards its next target of 0.6460 which is a Pivot Point 3rd Support Point.

#fxopen

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis – 22nd NOV, 2024
EURUSD – MACD crosses DOWN its Moving Average


EURUSD was unable to continue its bullish momentum and after touching a high of 1.0544 the prices started to decline against the United States Dollar today in the Asian Trading session.
We can see that the MACD crosses DOWN its Moving Average in the 15-minutes timeframe.
Also, the Moving Average bearish crossovers: AMA20 & AMA50 can be seen in the 15-minutes timeframe.
We have detected Parabolic SAR indicator bearish reversal in the 30-minutes timeframe.
We can see the Momentum indicator is back under zero in the 1-hourly timeframe.
We have seen the formation of Bearish engulfing lines in the 2-hourly timeframe.
Also, we can detect Bearish trend reversal: Moving Average 100 in the weekly timeframe.

Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the consolidation wave in the markets.
The prices are ranging New LOW record (1 month) in the weekly timeframe.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0544 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0450 levels.
• Average true range ATR is indicating Less market volatility.
The next support is located at 1.0439 which is a Pivot Point 1st Support Point.
EURUSD is now trading near to its Pivot levels of 1.0474 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0464 and is moving towards its next target of 1.0409 which is a Price 1 Standard Deviation Support.

#fxopen

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

GBPUSD Technical Analysis – 22nd NOV, 2024
GBPUSD – Support of Channel is Broken


GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2656 the prices started to decline against the United States Dollar today in the Asian Trading session.
We can see that the Support of channel is broken in the 15-minutes timeframe.
Also, we can see the formation of Doji in the 1-hourly timeframe.
We see Bearish trend reversal: Moving Average 20 present in the weekly timeframe.
Also, we see Bearish trend reversal: adaptative moving average 100 in the weekly timeframe.

We have seen Bearish price crossover with Moving Average 100 present in the weekly timeframe.
Also, the Price is ranging Near a new LOW record (1 year) in the weekly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets indicating the presence of the consolidation wave in the markets.

GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.2656 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.2550 levels.
• Average true range ATR is indicating Less market volatility.
GBPUSD is now trading near to its Pivot levels of 1.2573 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2545 and is now moving towards its next target of 1.2557 which is a Pivot Point 1st Support Point.
We are also looking for the breach of the levels of 1.2536 which is a Price 1 Standard Deviation Support.

#fxopen

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

NZDUSD Technical Analysis – 22nd NOV, 2024
NZDUSD – Support of Channel is Broken


NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5883 the prices started to decline against the United States Dollar today in the Asian Trading session.
We can see that the Support of channel is broken in the 1-hourly timeframe.
We can see the formation of Doji in the 1-hourly timeframe.
We see that the Previous candle closed under Bollinger bands in the 2-hourly timeframe.
We can clearly see the formation of Three black crows in the 4-hourly timeframe.
The prices of NZDUSD are ranging New LOW record (1 year) in the weekly timeframe.

Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We have seen that the Support of channel is broken in the monthly timeframe.
NZDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.5883 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5830 levels.
• Average true range ATR is indicating Less market volatility.
The next support is located at 0.5829 which is a Pivot Point 2nd Support Point.
NZDUSD is now trading near to its Pivot levels of 0.5831 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5815 and is now moving towards its next target of 0.5813 which is a Price 2 Standard Deviations Support.

#fxopen

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

USDCAD Technical Analysis – 22nd NOV, 2024
USDCAD – Resistance of Channel is Broken


USDCAD was unable to continue its Bearish momentum and after touching a low of 1.3931 the prices started to rise upwards against the United States Dollar today in the Asian Trading session.
The Resistance of channel is broken in the 15-minutes timeframe.
We have seen Bullish trend reversal: adaptative moving average 50 in the 1-hourly timeframe.
Also, we can see Bullish trend reversal: adaptative moving average 20 present in the 2-hourly timeframe.
Also, we see the Bullish price crossover with adaptative moving average 100 in the 4-hourly timeframe.
The MACD crosses UP its Moving Average in the 4-hourly timeframe.

Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We see that USDCAD is ranging Near a new HIGH record (5 years) in the weekly timeframe.
USDCAD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Loonie Bullish reversal seen above the 1.3931 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.3950 levels.
• Average true range ATR is indicating Less market volatility.
The next resistance is located at 1.3991 which is a Pivot Point 1st Resistance Point.
USDCAD is now trading near to its Pivot levels of 1.3982 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.3966 and is now moving towards its next target of 1.4010 which is a Price 3 Standard Deviations Resistance.

#fxopen
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

USDJPY Technical Analysis – 22nd NOV, 2024
USDJPY – Resistance of Channel is Broken


USDJPY was unable to continue its bearish momentum and after touching a low of 153.89 the prices started to rise upwards against the United States Dollar today in the Asian Trading session.
We can see that the Resistance of channel is broken in the 15-minutes timeframe.
We see that the prices are Near support of triangle in the 1-hourly timeframe.
Also, we can see Bullish trend reversal: adaptative moving average 20 present in the 1-hourly timeframe.
Also, we have detected Bullish price crossover with Moving Average 100 in the 1-hourly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We can see Moving Average bearish crossovers: MA20 & MA50 present in the 2-hourly timeframe. Also, MACD crosses UP its Moving Average in the 2-hourly timeframe.

Also, we see that the prices are ranging Near a new HIGH record (5 years) in the weekly timeframe.
We have seen Moving Average bullish crossovers: AMA50 & AMA100 in the daily timeframe.
USDJPY is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Yen Bullish reversal seen above the 153.89 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 154.80 levels.
• Average true range ATR is indicating Less market volatility.
The next resistance is located at 155.04 which is a Price 2 Standard Deviations Resistance.
USDJPY is now trading near to its Pivot levels of 154.64 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 154.21 and is now moving towards its next target of 155.35 which is a Pivot Point 1st Resistance Point.

#fxopen

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

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



AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6526 the prices have started to decline against the United States Dollar today in the Asian trading session.
We can see that the Bearish price crossover with Moving Average 20 in the 15-minutes timeframe. Also, the MACD crosses DOWN its Moving Average in the 15-minutes timeframe.
We can see Parabolic SAR indicator bearish reversal in the 15-minutes timeframe.
We have detected the Long black line and Black line without upper shadow in the 15-minutes timeframe indicating a Bearish market.
Also, we see that the Bearish price crossover with Moving Average 20 present in the 30-minutes timeframe.
The SuperTrend indicator bearish reversal can be seen in the 2-hourly timeframe.
We can also see Moving Average bearish crossovers: AMA20 & AMA50 and the Ichimoku: price is under the cloud in the 1-hourly timeframe.
AUDUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6526 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6450 levels.
• Average true range ATR is indicating Less market volatility.
The next support is located at 0.6451 which is a Pivot Point 2nd Support Point.
AUDUSD is now trading below its Pivot levels of 0.6503 and is moving into a Bearish channel.
The price of AUDUSD remains below its Classic support levels of 0.6497 and is moving towards its next target of 0.6415 which is a Pivot Point 3rd Support Point.

#fxopen

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis – 26th NOV, 2024
EURUSD – Near Resistance of Channel



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

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

The RSI indicator is back under 50 in the daily timeframe. Also, we can see Momentum indicator is back under zero in the 2-hourly timeframe.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0528 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0430 levels.
• Average true range ATR is indicating Less market volatility.
The next support is located at 1.0430 which is a Price 2 Standard Deviations Support.
EURUSD is now trading near to its Pivot levels of 1.0463 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0367 and is moving towards its next target of 1.0415 which is a Price 3 Standard Deviations Support.

#fxopen
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

GBPUSD Technical Analysis – 26th NOV, 2024
GBPUSD – Near Resistance of Channel



GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2612 the prices started to decline against the United States Dollar today in the Asian Trading session.
We can see that the prices are Near resistance of channel in the 15-minutes timeframe.
Also, we can see the prices Near horizontal resistance in the 1-hourly timeframe.
As we can see the MACD crosses DOWN its Moving Average in the 2-hourly timeframe.
Also, we see Parabolic SAR indicator bearish reversal present in the 4-hourly timeframe.

The MACD indicator is back under zero in the weekly timeframe. Also, the Price is back under the pivot point in the weekly timeframe.
As it is visible with the recent price action the bearish trend is expected to continue in the medium term and we are expecting a consolidation wave sooner.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.2612 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.2520 levels.
• Average true range ATR is indicating Less market volatility.
GBPUSD is now trading below its Pivot levels of 1.2545 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2473 and is now moving towards its next target of 1.2518 which is a Price 1 Standard Deviation Support.
We are also looking for the breach of the levels of 1.2502 which is a Pivot Point 2nd Support Point.

#fxopen
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

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



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

The Support of channel is broken in the monthly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We have seen that the prices continue to range New LOW record (1 year) in the weekly timeframe.
NZDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.5867 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5820 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 0.5816 which is a Pivot Point 2nd Support Point.
NZDUSD is now trading near to its Pivot levels of 0.5816 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5783 and is now moving towards its next target of 0.5798 which is a Pivot Point 3rd Support Point.

#fxopen
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

USDCAD Technical Analysis – 26th NOV, 2024
USDCAD – Bullish Price Crossover



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

We have seen the formation of Bullish engulfing lines in the weekly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
The Resistance of channel is broken in the monthly timeframe.
We see that USDCAD is ranging Near a new HIGH record (5 years) in the weekly timeframe.
USDCAD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Loonie Bullish reversal seen above the 1.3950 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.4090 levels.
• Average true range ATR is indicating High market volatility.
The next resistance is located at 1.4099 which is a Pivot Point 3rd Level Resistance.

USDCAD is now trading near to its Pivot levels of 1.4122 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.4062 and is now moving towards its next target of 1.4122 which is a Price 3 Standard Deviations Resistance.

#fxopen
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

USDJPY Technical Analysis – 26th NOV, 2024
USDJPY – Near Support of Channel



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

Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
Also, we see that the prices are ranging Near a new HIGH record (5 years) in the weekly timeframe.
We have seen prices ranging Near horizontal support in the monthly timeframe.
USDJPY is now trading below its 100-hour SMA and below its 200-hour SMA simple moving averages.

• Yen Bullish reversal seen above the 153.62 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 153.70 levels.
• Average true range ATR is indicating Less market volatility.
The next resistance is located at 154.02 which is a 50% Retracement From 4 Week High/Low.
USDJPY is now trading near to its Pivot levels of 154.00 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 153.60 and is now moving towards its next target of 154.66 which is a 38.2% Retracement From 4 Week High.

#fxopen
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

AUDUSD Technical Analysis – 27th NOV, 2024
AUDUSD – Bullish Price Crossover



AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6447 the prices have started to correct upwards against the United States Dollar today in the London trading session.
We can see that the Bullish price crossover with Moving Average 50 in the 1-hourly timeframe.
Also, the prices of AUDUSD continue to range Near support of channel in the daily timeframe.
We have detected that the CCI indicator is oversold: under -100 in the weekly timeframe.
Also, we see that the prices are Near a new HIGH record (1 month) in the weekly timeframe.
The AUDUSD prices continue to range Near support of channel in the monthly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance of the markets indicating the presence of the Consolidation wave in the markets.
AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bullish reversal seen above the 0.6447 mark.
• Short-term range appears to be Bullish.
• AUDUSD continues to remain above the 0.6480 levels.
• Average true range ATR is indicating Less market volatility.
The next resistance is located at 0.6497 which is a Price 2 Standard Deviations Resistance.
AUDUSD is now trading above its Pivot levels of 0.6479 and is moving into a Bullish channel.
The price of AUDUSD remains above its Classic support levels of 0.6467 and is moving towards its next target of 0.6510 which is a Pivot Point 1st Resistance Point.

#fxopen

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis – 27th NOV, 2024
EURUSD – Horizontal Resistance is Broken



EURUSD was unable to continue its bearish momentum and after touching a low of 1.0457 the prices started to correct upwards against the United States Dollar today in the London Trading session.
We can see that the Horizontal resistance is broken in the 15-minutes timeframe.
Also, the CCI indicator is overbought: over 100 indicating a Neutral market in the 15-minutes timeframe.
We have seen that the Resistance of channel is broken in the 1-hourly timeframe. Also, the Horizontal resistance is broken in the 1-hourly timeframe.
We can see the Bullish trend reversal: Moving Average 100 present in the 1-hourly timeframe.
Also, the Bullish trend reversal: Moving Average 50 can be seen in the 2-hourly timeframe.

Also, we can detect Bullish trend reversal: adaptative moving average 100 in the 2-hourly timeframe.
We see Aroon indicator bullish trend present in the 2-hourly timeframe.
The Bullish price crossover with adaptative moving average 100 can be seen in the 4-hourly timeframe. The SuperTrend indicator bullish reversal is present in the 4-hourly timeframe.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.0457 mark.
• Short-term range appears to be Bullish.
• EURUSD continues to remain above the 1.0560 levels.
• Average true range ATR is indicating High market volatility.
The next resistance is located at 1.0572 which is a Price 3 Standard Deviations Resistance.
EURUSD is now trading near to its Pivot levels of 1.0529 and is moving into a Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.0502 and is moving towards its next target of 1.0605 which is a Pivot Point 2nd Level Resistance.

#fxopen

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

GBPUSD Technical Analysis – 27th NOV, 2024
GBPUSD – Resistance of Channel is Broken


GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2524 the prices started to correct upwards against the United States Dollar today in the London Trading session.
We can see that the Resistance of channel is broken in the 15-minutes timeframe.
The RSI indicator is overbought: over 70 in the 30-minutes timeframe.
As we can see the Bullish trend reversal: Moving Average 50 in the 2-hourly timeframe.
Also, we see Moving Average bullish crossovers: MA20 & MA50 in the 2-hourly timeframe.
The SuperTrend indicator bullish reversal can be seen in the 4-hourly timeframe. Also, we see Ichimoku - Bullish crossover: Tenkan & Kijun in the 4-hourly timeframe.
We see Bullish price crossover with adaptative moving average 50 and Ichimoku: price is over the cloud in the weekly timeframe.
GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish reversal seen above the 1.2524 mark.
• Short-term range appears to be Bullish.
• GBPUSD continues to remain above the 1.2650 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading above its Pivot levels of 1.25649 and is moving into a Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.2596 and is now moving towards its next target of 1.2672 which is a Pivot Point 2nd Level Resistance.
We are also looking for the breach of the levels of 1.2701 which is a 38.2% Retracement From 4 Week Low.

#fxopen
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

NZDUSD Technical Analysis – 27th NOV, 2024
NZDUSD – Near Support of Channel


NZDUSD was unable to continue its bearish momentum and after touching a low of 0.5830 the prices started to correct upwards against the United States Dollar today in the London Trading session.
The prices are ranging Near support of channel in the 15-minutes timeframe. Also, the Resistance of channel is broken in the 15-minutes timeframe.
Also, we see the Previous candle closed over Bollinger bands in the 4-hourly timeframe indicating a Neutral market.

The MACD crosses UP its Moving Average in the daily timeframe. The prices continue to range Near support of channel in the weekly timeframe.
The Price is back over the pivot point in the weekly timeframe indicating a Bullish scenario.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We have seen that the prices continue to range Near a new HIGH record (1 month) in the weekly timeframe.

NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bullish reversal seen above the 0.5830 mark.
• Short-term range appears to be Bullish.
• NZDUSD continues to remain above the 0.5890 levels.
• Average true range ATR is indicating Less market volatility.
The next resistance is located at 0.5908 at which the Price Crosses 18 Day Moving Average.
NZDUSD is now trading near to its Pivot levels of 0.5903 and is moving into a Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.5891 and is now moving towards its next target of 0.5927 which is a 3-10-16 Day MACD Moving Average Stalls.

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Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

USDCAD Technical Analysis – 27th NOV, 2024
USDCAD – Support of Channel is Broken


USDCAD was unable to continue its Bullish momentum and after touching a high of 1.4076 the prices started to decline against the United States Dollar today in the London Trading session.
We have seen that the Support of Channel is Broken in the 1-hourly timeframe.
Also, Bearish price crossover with adaptative moving average 50 is visible in the 2-hourly timeframe.
We can see Bearish price crossover with Moving Average 20 in the 4-hourly timeframe.
The RSI indicator is back under 50 in the 4-hourly timeframe.
The CCI indicator: bearish divergence is also visible in the daily timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
The prices are Near resistance of channel in the monthly timeframe.
We see that USDCAD is ranging Near a new HIGH record (5 years) in the weekly timeframe.
USDCAD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Loonie Bearish reversal seen below the 1.4076 mark.
• Short-term range appears to be Bearish.
• USDCAD continues to remain above the 1.4020 levels.
• Average true range ATR is indicating High market volatility.
The next support is located at 1.4010 which is a 14-3 Day Raw Stochastic at 50%.
USDCAD is now trading near to its Pivot levels of 1.4028 and is moving into a Bearish channel.
The price of USDCAD remains above its Classic support levels of 1.4007 and is now moving towards its next target of 1.3991 which is a Price 2 Standard Deviations Support.
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Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
For in-depth analysis, please check FXOpen Blog

USDJPY Technical Analysis – 27th NOV, 2024
USDJPY – Support of Channel is Broken


USDJPY was unable to continue its bullish momentum and after touching a high of 152.73 the prices started to decline against the United States Dollar today in the London Trading session.
The Support of Channel is Broken in the 1-hourly timeframe.
We see Pivot points: price is under support 3 in the 1-hourly timeframe indicating a Neutral market.
Also, we can see Moving Average bearish crossovers: MA50 & MA100 in the 4-hourly timeframe.
The Support of channel is broken and Horizontal support is broken in the daily timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
Also, we see Bearish price crossover with adaptative moving average 20 in the daily timeframe.
We have seen SuperTrend indicator bearish reversal present in the daily timeframe.
USDJPY is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Yen Bearish reversal seen below the 152.73 mark.
• Short-term range appears to be Bearish.
• USDJPY continues to remain above the 151.00 levels.
• Average true range ATR is indicating Less market volatility.
The next support is located at 150.97 which is a Price 2 Standard Deviations Support.
USDJPY is now trading near to its Pivot levels of 151.13 and is moving into a Bearish channel.
The price of USDJPY remains above its Classic support levels of 150.96 and is now moving towards its next target of 150.76 which is a 50% Retracement From 52 Week High/Low.
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Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
For in-depth analysis, please check FXOpen Blog