Daily Market Analytics - Forex

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USDJPY Technical Analysis – 27th JAN, 2025
USDJPY – Near Horizontal Resistance

USDJPY was unable to continue its bullish momentum and after touching a high of 156.15 the prices started to decline against the United States Dollar today in the US Trading session.
The prices are Near Horizontal Resistance in the 15-minutes timeframe.
The Momentum indicator is back under zero in the 2-hourly timeframe.
Sone of the technical indicators are also giving a Bullish to Neutral stance present in the markets indicating the presence of the Consolidation wave.
We also see Parabolic SAR indicator bearish reversal in the weekly timeframe.
The prices of USDJPY are ranging near a new HIGH record (1 year) in the weekly timeframe.
USDJPY is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Yen Bearish reversal seen below the 156.15 mark.
• Short-term range appears to be Bearish.
• USDJPY continues to remain above the 155.50 levels.
• Average true range ATR is indicating Less market volatility.





The next support is located at 153.78 which is a Price 1 Standard Deviation Support.
USDJPY is now trading near to its Pivot levels of 155.54 and is moving into a Bearish channel.
The price of USDJPY remains near its Classic support levels of 154.14 and is now moving towards its next target of 153.40 which is a Pivot Point 1st Support Point.

 

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AUDUSD Technical Analysis – 31ST JAN, 2025
AUDUSD – Bearish Trend Reversal

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6260 the prices have started to decline against the United States Dollar today in the Asian trading session.
We can see Bearish trend reversal: Moving Average 100 present in the 2-hourly timeframe.
Also, we see Bearish trend reversal: adaptative moving average 20 in the 2-hourly timeframe.
We have detected that the MACD crosses DOWN its Moving Average in the 4-hourly timeframe.
We can see the formation of Doji in the daily timeframe.
The Momentum indicator is back under zero in the daily timeframe.
We have detected Bearish harami present 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 0.6260 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6200 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 0.6183 which is a 3-10 Day Moving Average Crossover Stalls.
AUDUSD is now trading near to its Pivot levels of 0.6215 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6196 and is moving towards its next target of 0.6166 which is a Pivot Point 2nd Support Point.

 

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EURCHF Technical Analysis – 31ST JAN, 2025
EURCHF – Support of Channel is Broken

EURCHF was unable to continue its bullish momentum and after touching a high of 0.9465 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of Channel is Broken in the 1-hourly timeframe.
We can see Bearish price crossover with Moving Average 100 in the 1-hourly timeframe.
We can see Bearish trend reversal: Moving Average 50 in the 2-hourly timeframe. Also, Bearish price crossover with Moving Average 50 is visible in the 2-hourly timeframe.
We have seen Bearish price crossover with Moving Average 20 in the 4-hourly timeframe.
We have seen the formation of Bearish engulfing lines in the daily timeframe.
The CCI indicator: bearish divergence is visible in the daily timeframe.
We do see MACD indicator: bearish divergence in the daily timeframe.
EURCHF is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• EURCHF Bearish reversal seen below the 0.9465 mark.
• Short-term range appears to be Bearish.
• EURCHF continues to remain above the 0.9430 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 0.9424 which is a 50% Retracement From 4 Week High/Low.
EURCHF is now trading near to its Pivot levels of 0.9447 and is moving into a Bearish channel.
The price of EURCHF remains above its Classic support levels of 0.9436 and is moving towards its next target of 0.9419 which is a Price 3 Standard Deviations Support.

 

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EURJPY Technical Analysis – 31ST JAN, 2025
EURJPY – Bullish Price Crossover

EURJPY was unable to continue its bearish momentum and after touching a low of 160.18 the prices started to correct upwards against the United States Dollar today in the US Trading session.
We have seen Bullish price crossover with Moving Average 50 in the 15-minutes timeframe.
We see Bullish price crossover with adaptative moving average 50 in the 15-minutes timeframe.
We have seen that the Price is back over the pivot point in the 15-minutes timeframe.
The Resistance of channel is broken in the 1-hourly timeframe.
We see that the prices are ranging Near support of channel in the daily timeframe.
The RSI indicator: bullish divergence is visible in the daily timeframe.
We see CCI indicator: bullish divergence presents in the daily timeframe.
The prices are ranging Near a new HIGH record (1st January) in the weekly timeframe.
EURJPY is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• EURJPY Bearish reversal seen below the 160.18 mark.
• Short-term range appears to be Bearish.
• EURJPY continues to remain above the 160.70 levels.
• Average true range ATR is indicating High market volatility.


The next support is located at 160.60 which is a 14-3 Day Raw Stochastic at 20%.
EURJPY is now trading near to its Pivot levels of 160.94 and is moving into a Bearish channel.
The price of EURJPY remains above its Classic support levels of 160.56 and is moving towards its next target of 159.97 which is a Pivot Point 1st Support Point.

 

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EURUSD Technical Analysis – 31ST JAN, 2025
EURUSD – MACD crosses DOWN its Moving Average

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0432 the prices started to decline against the United States Dollar today in the US Trading session.
The MACD crosses DOWN its Moving Average is visible in the 1-hourly timeframe.
As we can see the CCI indicator is oversold: under -100 in the 1-hourly timeframe.
Also, the MACD crosses DOWN its Moving Average can be seen in the 2-hourly timeframe.
We have detected the Parabolic SAR indicator bearish reversal in the 2-hourly timeframe.
Also, we can see Bearish trend reversal: Moving Average 50 along with the Bearish price crossover with adaptative moving average 100 in the 4-hourly timeframe.
EURUSD is ranging Near resistance of channel in the daily timeframe.
The Parabolic SAR indicator bearish reversal is visible in the daily timeframe.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0432 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0350 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 1.0328 which is a Pivot Point 1st Support Point.
EURUSD is now trading near to its Pivot levels of 1.0373 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0348 and is moving towards its next target of 1.0313 which is a 38.2% Retracement From 4 Week Low.

 

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GBPJPY Technical Analysis – 31ST JAN, 2025
GBPJPY – Bullish Harami

GBPJPY was unable to continue its bearish momentum and after touching a low of 191.60 the prices started to correct upwards against the United States Dollar today in the US Trading session.
We can see Bullish Harami present in the 15-minutes timeframe.
The Resistance of channel is broken in the 1-hourly timeframe.
We have seen Ichimoku - Bullish crossover: Tenkan & Kijun in the 1-hourly timeframe.
The prices are now ranging Near support of triangle in the daily timeframe.
We can see Price is back over the pivot point in the daily timeframe.
The MACD indicator: bullish divergence is visible in the daily timeframe.
GBPJPY is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• GBPJPY Bullish reversal seen above the 191.60 mark.
• Short-term range appears to be Bullish.
• GBPJPY continues to remain above the 192.10 levels.
• Average true range ATR is indicating High market volatility.

GBPJPY is now trading near to its Pivot levels of 192.37 and is moving into a Bullish channel.
The price of GBPJPY is above its Classic support levels of 191.91 and is now moving towards its next target of 192.15 which is a 3-10 Day Moving Average Crossover Stalls.
We are also looking for the breach of the levels of 192.47 at which the Price Crosses 18 Day Moving Average.

 

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GBPUSD Technical Analysis – 31ST JAN, 2025
GBPUSD – Moving Average Bearish Crossovers

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2471 the prices started to decline against the United States Dollar today in the US Trading session.
We can see Moving Average bearish crossovers: MA20 & MA50 in the 15-minutes timeframe.
We can see Bearish trend reversal: adaptative moving average 100 in the 2-hourly timeframe.
Also, we see Bearish trend reversal: adaptative moving average 50 along with the Bearish price crossover with adaptative moving average 50 in the 4-hourly timeframe.
As we can see the MACD indicator is back under zero in the 4-hourly timeframe.
We have also detected Moving Average bearish crossovers: MA20 & MA50 in the weekly timeframe.
The Bearish harami is also present in the weekly timeframe.
The prices continue to range Near a new LOW record (1 month) n the weekly timeframe.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.2471 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.2380 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading near to its Pivot levels of 1.2399 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2366 and is now moving towards its next target of 1.2337 which is a 50% Retracement From 4 Week High/Low.
We are also looking for the breach of the levels of 1.2330 at which the Price Crosses 18 Day Moving Average.

 

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NZDUSD Technical Analysis – 31ST JAN, 2025
NZDUSD – Near Resistance of Channel

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5682 the prices started to decline against the United States Dollar today in the US Trading session.
The prices are ranging Near Resistance of Channel in the 1-hourly timeframe.
Also, the prices are Near resistance of triangle in the 1-hourly timeframe.
We have detected Bearish trend reversal: adaptative moving average 20 along with the Parabolic SAR indicator bearish reversal in the 2-hourly timeframe.
We see Bearish trend reversal: Moving Average 50 in the 4-hourly timeframe.
We do see Bearish trend reversal: adaptative moving average 20 in the daily timeframe.
The prices of NZDUSD are ranging Near a new LOW record (1st January) in the weekly timeframe.
The Bearish harami is present in the daily 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 0.5682 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5630 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 0.5613 which is a Pivot Point 1st Support Point.
NZDUSD is now trading near to its Pivot levels of 0.5641 and is moving into a Bearish channel.
The price of NZDUSD remains near its Classic support levels of 0.5624 and is now moving towards its next target of 0.5611 which is a 38.2% Retracement From 4 Week Low.

 

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USDCAD Technical Analysis – 31ST JAN, 2025
USDCAD – Moving Average Bullish Crossovers

USDCAD was unable to continue its bearish momentum and after touching a low of 1.4374 the prices started to correct upwards against the United States Dollar today in the US Trading session.
We can see Moving Average bullish crossovers: MA50 & MA100 present in the 4-hourly timeframe.
The Resistance of channel is broken in the daily timeframe.
We do see that the MACD crosses UP its Moving Average in the daily timeframe.
Also, it is clear that the Price is back over the pivot point in the daily timeframe.
As we can see the Resistance of channel is broken in the weekly timeframe.
The prices of USDCAD are ranging Near a new HIGH record (1 year) in the weekly timeframe.
USDCAD is now trading above its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Kiwi Bullish reversal seen above the 1.4374 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.4530 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.4591 which is a 1-Month High.
USDCAD is now trading near to its Pivot levels of 1.4531 and is moving into a Bullish channel.
The price of USDCAD remains near its Classic support levels of 1.4468 and is now moving towards its next target of 1.4594 which is a 3-10 Day Moving Average Crossover Stalls.

 

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USDCHF Technical Analysis – 31ST JAN, 2025
USDCHF – Resistance of Channel is Broken

USDCHF was unable to continue its bearish momentum and after touching a low of 0.9071 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The Resistance of channel is broken in the 15-minutes timeframe.
The CCI indicator is overbought: over 100 in the 1-hourly timeframe.
We have seen the formation of Bullish harami in the 1-hourly timeframe.
As we can see Pivot points: price is over resistance 2 in the 4-hourly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets indicating the presence of the Consolidation wave in the markets.
USDCHF is now ranging Near resistance of channel in the monthly timeframe.
USDCHF is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• USDCHF Bullish reversal seen above the 0.9071 mark.
• Short-term range appears to be Bullish.
• USDCHF continues to remain above the 0.9150 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 0.9182 which is a Price 2 Standard Deviations Resistance.
USDCHF is now trading near to its Pivot levels of 0.9164 and is moving into a Bullish channel.
The price of USDCHF remains near its Classic support levels of 0.9151 and is now moving towards its next target of 0.9200 which is a 1-Month High.

 

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USDJPY Technical Analysis – 31ST JAN, 2025
USDJPY – Near Horizontal Support

USDJPY was unable to continue its bearish momentum and after touching a low of 154.53 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The prices are Near Horizontal Support in the 15-minutes timeframe.
We do see Bullish trend reversal: adaptative moving average 50 present in the 4-hourly timeframe.
Also, the Bullish price crossover with Moving Average 50 along with Bullish price crossover with adaptative moving average 20 can be seen in the 4-hourly timeframe.
The Aroon indicator bullish trend is present in the 4-hourly timeframe.
We do see Ichimoku: price is over the cloud along with Ichimoku - Bullish crossover: Tenkan & Kijun in the 4-hourly timeframe.
The Parabolic SAR indicator bullish reversal is present in the daily 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 154.53 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 155.50 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 156.07 which is a Pivot Point 2nd Level Resistance.
USDJPY is now trading near to its Pivot levels of 155.63 and is moving into a Bullish channel.
The price of USDJPY remains near its Classic support levels of 154.99 and is now moving towards its next target of 156.29 which is a 50% Retracement From 4 Week High/Low.