Daily Market Analytics - Forex

[FXOpen Trader]

NZDUSD Technical Analysis – 13th NOV, 2024
NZDUSD – Bearish Price Crossover Pattern

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5933 the prices started to decline against the United States Dollar today in the US Trading session.
We have seen Bearish price crossover with Moving Average 20 in the 15-minutes timeframe.
Also, we see Bearish price crossover with adaptative moving average 20 in the 15-minutes timeframe.
We can detect that the Ichimoku: price is under the cloud in the 15-minutes timeframe.

The MACD crosses DOWN its Moving Average in the 30-minutes timeframe.
We see that the Momentum indicator is back under zero 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.
We have seen Moving Average bearish crossovers: AMA50 & AMA100 in the 2-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 0.5933 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5930 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 0.5910 which is a 3-10 Day Moving Average Crossover Stalls.
NZDUSD is now trading near to its Pivot levels of 0.5929 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5916 and is now moving towards its next target of 0.5909 which is a 1-Month 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

 

[FXOpen Trader]

USDCAD Technical Analysis – 13th NOV, 2024
USDCAD – Near Support of Channel

USDCAD was unable to continue its Bearish momentum and after touching a low of 1.3929 the prices started to rise upwards against the United States Dollar today in the US Trading session.
The prices are ranging Near support of channel in the 1-hourly timeframe.
We have seen that the Momentum indicator is back over zero in the 2-hourly timeframe.
The Horizontal resistance is broken in the daily timeframe.

Also, we see the CCI indicator is overbought: over 100 in the daily timeframe indicating a Neutral market.
The USDCAD Price is back over the pivot point 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.
USDCAD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Loonie Bullish reversal seen above the 1.3929 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.3950 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.3968 which is a Pivot Point 1st Resistance Point.
USDCAD is now trading near to its Pivot levels of 1.3955 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.3938 and is now moving towards its next target of 1.3977 which is a Price 1 Standard Deviation 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

 

[FXOpen Trader]

USDJPY Technical Analysis – 13th NOV, 2024
USDJPY – Near Support of Channel

USDJPY was unable to continue its bearish momentum and after touching a low of 154.50 the prices started to correct upwards against the United States Dollar today in the US Trading session.
We can see that the prices are Near Support of Channel in the 15-minutes timeframe.
Also, we can see that the Resistance of channel is broken in the weekly timeframe.
The Aroon indicator bullish trend is visible in the weekly timeframe.

Also, we have detected the SuperTrend indicator bullish reversal signal 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.
We can see the prices are Near a new HIGH record (5 years) in the weekly timeframe.
Also, we see that the prices continue to range Near horizontal support in the monthly timeframe.
USDJPY is now trading above its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Yen Bullish reversal seen above the 154.50 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 154.40 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 155.22 which is a Pivot Point 1st Resistance Point.
USDJPY is now trading near to its Pivot levels of 154.88 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 154.57 and is now moving towards its next target of 155.23 which is a 1-Month 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

 

[FXOpen Trader]

AUDUSD Technical Analysis – 14th NOV, 2024
AUDUSD – Support of Channel is Broken

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6496 the prices have 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 can see that the RSI indicator is oversold: under 30 in the 2-hourly timeframe.
Also, we see Bearish trend reversal: Moving Average 50 present in the weekly timeframe.

We have detected that the Ichimoku: price is under the cloud in the weekly timeframe.
Also, the SuperTrend indicator bearish reversal is visible 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.
The prices are ranging Near a new LOW record (1 year) in the weekly timeframe.

AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6496 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 0.6442 which is a 3-10 Day Moving Average Crossover Stalls.
AUDUSD is now trading near to its Pivot levels of 0.6459 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6443 and is moving towards its next target of 0.6439 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

 

[FXOpen Trader]

EURUSD Technical Analysis – 14th NOV, 2024
EURUSD – Bearish Price Crossover Pattern

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0593 the prices started to decline against the United States Dollar today in the US Trading session.
We can see Bearish price crossover with Moving Average 20 in the 15-minutes timeframe.
Also, the Support of channel is broken in the 1-hourly timeframe.
We have detected that the RSI indicator is oversold: under 30 in the 2-hourly timeframe.
We have seen the formation of Doji in the 2-hourly timeframe.

Also, we can detect Moving Average bearish crossovers: MA50 & MA100 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.
We can see that the prices are ranging New LOW record (1 year) in the weekly timeframe.

EURUSD is now trading below its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0593 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0530 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 1.0529 which is a Pivot Point 1st Support Point.
EURUSD is now trading near to its Pivot levels of 1.0520 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0469 and is moving towards its next target of 1.0497 which is a 1-Month 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

 

[FXOpen Trader]

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

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2725 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.
Also, we can see Bearish price crossover with adaptative moving average 20 in the 15-minutes timeframe.
The RSI indicator is oversold: under 30 in the 4-hourly timeframe indicating a Neutral market.

Also, the Horizontal support is broken in the daily timeframe.
The Bearish price crossover with adaptative moving average 100 is visible in the weekly timeframe.
We have detected SuperTrend indicator bearish reversal 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 1.2725 mark.
• Short-term range appears to be Bearish.
• 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 1.2650 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2610 and is now moving towards its next target of 1.2640 which is a Pivot Point 2nd Support Point.
We are also looking for the breach of the levels of 1.2629 which is a 1-Month 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

 

[FXOpen Trader]

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

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5902 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 1-hourly timeframe.
Also, we can see the formation of Doji in the 4-hourly timeframe indicating a Neutral market.
We see that the Horizontal support is broken in the daily timeframe.

We have detected SuperTrend indicator bearish reversal in the weekly 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 above its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.5902 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5860 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.5855 which is a Pivot Point 1st Support Point.
NZDUSD is now trading near to its Pivot levels of 0.5859 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5838 and is now moving towards its next target of 0.5837 which is a 14 Day RSI at 30%.

#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

 

[FXOpen Trader]

USDCAD Technical Analysis – 14th NOV, 2024
USDCAD – Resistance of Channel is Broken

USDCAD was unable to continue its Bearish momentum and after touching a low of 1.3968 the prices started to rise upwards against the United States Dollar today in the US Trading session.
The Resistance of channel is broken in the 15-minutes timeframe.
We have seen Bullish trend reversal: adaptative moving average 20 in the 15-minutes timeframe.
Also, the MACD crosses UP its Moving Average in the 15-minutes timeframe.

Also, we see the CCI indicator is overbought: over 100 in the daily timeframe indicating a Neutral market.
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.

USDCAD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Loonie Bullish reversal seen above the 1.3968 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.4000 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.4019 which is a 1-Month High.
USDCAD is now trading near to its Pivot levels of 1.4008 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.3981 and is now moving towards its next target of 1.4023 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

 

[FXOpen Trader]

USDJPY Technical Analysis – 14th NOV, 2024
USDJPY – Near Support of Channel

USDJPY was unable to continue its bearish momentum and after touching a low of 155.04 the prices started to correct upwards against the United States Dollar today in the US Trading session.
We can see that the prices are Near Support of Channel in the 15-minutes timeframe.
We see Bullish trend reversal: adaptative moving average 20 in the 15-minutes timeframe.
Also, we see the formation of Doji in the 2-hourly timeframe indicating a Neutral market.

Also, we have detected that the RSI indicator is overbought: over 70 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 can see the prices are Near a new HIGH record (5 years) in the weekly timeframe.
Also, we see that the Aroon indicator bullish trend in the weekly timeframe.

USDJPY is now trading above its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Yen Bullish reversal seen above the 155.04 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 155.90 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 156.24 which is a 1-Month High.
USDJPY is now trading near to its Pivot levels of 155.99 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 155.59 and is now moving towards its next target of 156.42 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