Daily Market Analytics - Forex

[FXOpen Trader]

EURUSD Technical Analysis – 14th OCT, 2024
EURUSD – Support of Channel is Broken

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0945 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of channel is broken in the 15-minutes timeframe.
We have seen the formation of Three black crows in the 1-hourly timeframe.
We have also detected Moving Average bearish crossovers: AMA20 & AMA50 in the daily timeframe.

We can also see Bearish price crossover with Moving Average 100 in the daily timeframe.
We can see Ichimoku: price is under the cloud in the daily timeframe.
Also, we can see Bearish price crossover with adaptative moving average 20 in the weekly timeframe.
The MACD crosses DOWN its Moving Average in the weekly timeframe.

We have also seen a Bearish opening of the markets this week.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0945 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0900 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 1.0899 which is a Price 2 Standard Deviations Support.
EURUSD is now trading near to its Pivot levels of 1.0915 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0891 and is moving towards its next target of 1.0873 which is a 14 Day RSI at 30%.

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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

 

[FXOpen Trader]

GBPUSD Technical Analysis – 14th OCT, 2024
GBPUSD – Support of Channel is Broken

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.3066 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of channel is broken in the 15-minutes timeframe.
We can see Bearish trend reversal: Moving Average 50 in the 30-minutes timeframe.
The MACD indicator is back under zero in the 30-minutes timeframe.

We have seen Bearish trend reversal: Moving Average 20 in the 1-hourly timeframe.
We have also detected Bearish trend reversal: adaptative moving average 20 in the 1-hourly timeframe.
We have seen Parabolic SAR indicator bearish reversal in the 1-hourly timeframe.

Also, we see Bearish trend reversal: adaptative moving average 20 in the 2-hourly timeframe.
The Price is back under the pivot point in the 4-hourly timeframe.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.3066 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.3040 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading near to its Pivot levels of 1.3059 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.3035 and is now moving towards its next target of 1.3046 which is a Price 3 Standard Deviations Support.
We are also looking for the breach of the levels of 1.3034 at which the Price Crosses 40 Day 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

 

[FXOpen Trader]

NZDUSD Technical Analysis – 14th OCT, 2024
NZDUSD – Support of Channel is Broken

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6098 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of channel is broken in the 15-minutes timeframe.
The prices of NZDUSD are ranging Near resistance of channel in the 1-hourly timeframe.
We can see Bearish price crossover with Moving Average 20 in the 1-hourly timeframe.

We have also seen Bearish price crossover with adaptative moving average 100 in the 1-hourly timeframe.
We see MACD crosses DOWN its Moving Average in the 1-hourly timeframe.
The Ichimoku: price is under the cloud in the 1-hourly timeframe.

We have also seen Bearish price crossover with adaptative moving average 20 in the 4-hourly timeframe.
NZDUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.6098 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.6080 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6076 which is a 50% Retracement From 52 Week High/Low.
NZDUSD is now trading below its Pivot levels of 0.6085 and is moving into a Bearish channel.
The price of NZDUSD remains near its Classic support levels of 0.6074 and is now moving towards its next target of 0.6066 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