Dear Traders,
Here i will be posting the Daily Market Analytics in the Forex pairs listed below:
EURUSD
GBPUSD
AUDUSD
NZDUSD
USDCAD
USDCHF
USDJPY
EURJPY
GBPJPY
EURGBP
I am using the Candlestick patterns and Major Technical indicators for this analysis which will be posted → pre London markets Open time.
Thanks
EURUSD was unable to continue its bearish momentum and after touching a low of 1.0828 the prices started to rise upwards touching a high of 1.0864 in the US Trading session.
The SuperTrend Indicator is giving a Bullish Reversal signal in the 1-hourly timeframe.
The Resistance of the channel is broken in the 1-hourly timeframe.
We can also see the formation of Bullish Trend reversal pattern with the Moving average MA20 and the Adaptive Moving average AMA50 in the 2-hourly timeframe.
We have also detected the presence of Moving Average bullish crossovers with the AMA20 and AMA50 in the 15-minutes timeframe.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish correction seen above the 1.0828 mark.
• Short-term range appears to be Mild Bullish.
• EURUSD continues to remain above the 1.0850 levels.
• Average true range ATR is indicating high market volatility.
The next resistance is located at 1.0870 which is a Price 2 Standard Deviations Resistance.
EURUSD is now trading just above its Pivot levels of 1.0860 and is moving into a Mild Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.0844 and is moving towards its next target of 1.0881 which is a 61.8% Retracement from the 52 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.
GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2860 today the prices have started correcting upwards in the US trading session.
The CCI Indicator is giving a Bullish Divergence signal in the 4-hourly timeframe.
The MACD indicator is giving a bullish divergence signal in the 2-hourly timeframe.
The MACD crosses UP its Moving average in the 1-hourly timeframe.
The Resistance of the channel is broken in the weekly timeframe.
The prices of GBPUSD are ranging near the horizontal support in the 1-hourly timeframe.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish correction seen above the 1.2860 mark.
• Short-term range appears to be Mild Bullish.
• GBPUSD continues to remain above the 1.2880 levels.
• Average true range ATR is indicating high market volatility.
GBPUSD is now trading above its Pivot levels of 1.2882 and is moving into a Mild Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.2865 and is now moving towards its next target of 1.2899 which is a 14-3 Day Raw Stochastic at 50%.
We are also looking for the breach of the levels of 1.2925 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.
EURUSD was unable to continue its bearish momentum and after touching a low of 1.0842 the prices started to rise upwards touching a high of 1.0864 in the US Trading session.
The Parabolic SAR Indicator is giving Bullish Reversal signal in the 15-minutes timeframe.
The Resistance of the channel is broken in the 15-minutes timeframe.
We can also see the formation of Bullish Trend reversal pattern with the Adaptive Moving average AMA100 in the 1-hourly timeframe and the Adaptive Moving average AMA50 in the 2-hourly timeframe.
We have also detected the presence of Aroon indicator bullish trend in the 1-hourly timeframe.
Some of the technical indicators are also giving a neutral stance which indicates the presence of the consolidation phase in the markets.
EURUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Euro Bullish correction seen above the 1.0842 mark.
• Short-term range appears to be Mild Bullish.
• EURUSD continues to remain above the 1.0850 levels.
• Average true range ATR is indicating less market volatility.
The next resistance is located at 1.0865 which is a Price 1 Standard Deviation Resistance.
EURUSD is now trading just above its Pivot levels of 1.0858 and is moving into a Mild Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.0845 and is moving towards its next target of 1.0875 which is a 14-3 Day Raw Stochastic at 50%.
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.
GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2848 today the prices have started correcting upwards in the US trading session.
We can see the formation of Bullish Price Crossover pattern with the Moving Average MA20, MA50 and MA100 in the 15-minutes timeframe.
We have also detected the formation of Moving Average bullish crossovers: MA20 & MA50 in the 30-minutes timeframe.
The RSI indicator is back over 50 in the 30-minutes timeframe.
We can also see the formation of Bullish Harami pattern in the 30-minutes timeframe.
The resistance of the channel is broken in the 1-hourly timeframe.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish correction seen above the 1.2848 mark.
• Short-term range appears to be Mild Bullish.
• GBPUSD continues to remain above the 1.2860 levels.
• Average true range ATR is indicating less market volatility.
GBPUSD is now trading below its Pivot levels of 1.2870 and is moving into a Mild Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.2856 and is now moving towards its next target of 1.2879 which is a 38.2% Retracement From 4 Week High.
We are also looking for the breach of the levels of 1.2886 at which the Price Crosses 18 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.
EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0869 the prices started to decline against the United States dollar.
The Support of the channel is broken in both the 1-hourly and 4-hourly timeframes which indicates the bearish nature of the markets.
We can also see the formation of Bearish Trend reversal pattern with the Moving Average MA100 in the 4-hourly timeframe.
We have also detected the presence of Bearish Engulfing lines in the daily timeframe.
Some of the technical indicators are also giving a neutral stance which indicates the presence of the consolidation phase in the markets.
The RSI indicator is back under 50 in the daily timeframe.
EURUSD is now trading below its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Euro Bearish correction seen below the 1.0869 mark.
• Short-term range appears to be Mild Bearish.
• EURUSD continues to remain above the 1.0800 levels.
• Average true range ATR is indicating high market volatility.
The next support is located at 1.0816 which is a Pivot Point 3rd Support Point.
EURUSD is now trading below its Pivot levels of 1.0824 and is moving into a Mild Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0805 and is moving towards its next target of 1.0801 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.
GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2887 the prices started to decline sharply against the United States dollar.
We can see the formation of Bearish Price Crossover pattern with the Moving Average MA20 and Adaptive Moving Average AMA20 in the daily timeframe.
The Momentum indicator is back under Zero in the daily timeframe.
The RSI indicator is back under 50 in the daily timeframe.
The prices of GBPUSD are ranging near the horizontal resistance in the weekly timeframe.
We have also seen a bearish opening of the markets this week.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish correction seen below the 1.2887 mark.
• Short-term range appears to be Mild Bearish.
• GBPUSD continues to remain above the 1.2830 levels.
• Average true range ATR is indicating high market volatility.
GBPUSD is now trading above its Pivot levels of 1.2834 and is moving into a Mild Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2815 and is now moving towards its next target of 1.2831 which is a 14-3 Day Raw Stochastic at 20%.
We are also looking for the breach of the levels of 1.2816 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.
EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0835 the prices started to decline against the United States dollar.
The Parabolic SAR Indicator is giving a Bearish Reversal signal in the 1-hourly timeframe.
The MACD crosses down its Moving Average in the 2-hourly timeframe which is indicative of the bearish trend present in the markets.
The SuperTrend indicator is also giving a bearish reversal signal in both the 15-minutes and 30-minutes timeframes.
The Support of the channel is also broken in the 15-minutes timeframe.
We have also detected the formation of Bearish price crossover with adaptative moving average 50 in the daily timeframe.
The prices of EURUSD are ranging near the resistance of triangle in the weekly timeframe.
EURUSD is now trading below its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Euro Bearish correction seen below the 1.0835 mark.
• Short-term range appears to be Mild Bearish.
• EURUSD continues to remain above the 1.0800 levels.
• Average true range ATR is indicating high market volatility.
The next support is located at 1.0802 which is a Price 1 Standard Deviation Support.
EURUSD is now trading below its Pivot levels of 1.0827 and is moving into a Mild Bearish channel.
The price of EURUSD remains below its Classic support levels of 1.0818 and is moving towards its next target of 1.0798 which is a 50% Retracement From 13 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.
GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2863 the prices started to decline sharply against the United States dollar.
We can see the formation of Moving Average Bearish Crossovers: MA20 & MA50 in the both the 15-minutes and 30-minutes timeframe.
The Support of the channel is also broken in the 15-minutes timeframe.
The MACD crosses down its Moving Average in the 2-hourly timeframe.
The prices of GBPUSD are back under the Pivot point in the daily timeframe.
We have also seen the formation of Bearish Engulfing lines in the daily timeframe.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish correction seen below the 1.2863 mark.
• Short-term range appears to be Mild Bearish.
• GBPUSD continues to remain above the 1.2820 levels.
• Average true range ATR is indicating high market volatility.
GBPUSD is now trading below its Pivot levels of 1.2847 and is moving into a Mild Bearish channel.
The price of GBPUSD is below its Classic support levels of 1.2838 and is now moving towards its next target of 1.2826 which is a 3-10 Day MACD Oscillator Stalls.
We are also looking for the breach of the levels of 1.2814 which is a Price 3 Standard Deviations Support.
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.
EURUSD was unable to sustain its bearish momentum and after touching a low of 1.0807 the prices started to bounce upwards against the United States dollar.
We can see the formation of Moving Average Bullish Crossovers: AMA20 & AMA50 in the 1-hourly timeframe.
The resistance of the channel is broken in the 1-hourly timeframe.
We have also detected the formation of Bullish trend reversal with the Adaptive moving average AMA100 in the 1-hourly timeframe.
The SuperTrend indicator is also giving a bullish reversal signal in the 2-hourly timeframe.
The RSI indicator is back over 50 in the 4-hourly timeframe.
The prices of EURUSD are ranging near a new high record of 1-months.
EURUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Euro Bullish correction seen above the 1.0807 mark.
• Short-term range appears to be Mild Bullish.
• EURUSD continues to remain above the 1.0840 levels.
• Average true range ATR is indicating high market volatility.
The next resistance is located at 1.0850 at which the Price Crosses 9 Day Moving Average.
EURUSD is now trading above its Pivot levels of 1.0832 and is moving into a Mild Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.0811 and is moving towards its next target of 1.0863 at which the Price Crosses 18 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.
GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2820 the prices started to bounce upwards against the United States dollar.
We can see the formation of Bullish price crossover with Moving Average 20 in both the 2-hourly and 4-hourly timeframes.
The price of GBPUSD is back over the pivot point in the 4-hourly timeframe.
The RSI indicator is back over 50 in the daily timeframe.
The Momentum indicator is back over Zero in the 2-hourly timeframe.
The prices of GBPPUSD are ranging near the support of channel in the daily timeframe.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish correction seen above the 1.2820 mark.
• Short-term range appears to be Mild Bullish.
• GBPUSD continues to remain above the 1.2840 levels.
• Average true range ATR is indicating high market volatility.
GBPUSD is now trading above its Pivot levels of 1.2844 and is moving into a Mild Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.2820 and is now moving towards its next target of 1.2854 which is a 14-3 Day Raw Stochastic at 20%.
We are also looking for the breach of the levels of 1.2878 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.
EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0834 the prices started to decline against the United States dollar.
We can see the formation of Bearish Price Crossover Pattern with the Moving Average MA50 and MA100 and Adaptive Moving Average AMA50 in the daily timeframe.
The Williams percent range indicator is back under -50 in the weekly timeframe.
We have also detected the formation of Bearish Trend reversal with the Moving average MA20 in the weekly timeframe.
The Support of the channel is broken in the 1-hourly timeframe.
We can also see that the prices are near the resistance of the channel in the monthly timeframe.
The prices of EURUSD are ranging near a new low record of 1-year.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish correction seen below the 1.0834 mark.
• Short-term range appears to be Mild Bearish.
• EURUSD continues to remain above the 1.0790 levels.
• Average true range ATR is indicating high market volatility.
The next support is located at 1.0784 which is a Price 3 Standard Deviations Support.
EURUSD is now trading just above its Pivot levels of 1.0791 and is moving into a Mild Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0787 and is moving towards its next target of 1.0773 which is a 38.2% Retracement From 13 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.
GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2862 the prices started to decline against the United States dollar.
We can see that the Support of Channel Is Broken in the 1-hourly timeframe which is indicative of the bearish trend.
The price of GBPUSD is ranging near the resistance of the channel in the 15-minutes timeframe.
The RSI indicator is back under 50 in the daily timeframe.
Some of the technical indicators are also giving a neutral stance in the markets which indicates the presence of the consolidation wave in the market.
The prices of GBPPUSD are ranging near a new low record of 1-months.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish correction seen below the 1.2862 mark.
• Short-term range appears to be Mild Bearish.
• GBPUSD continues to remain above the 1.2800 levels.
• Average true range ATR is indicating high market volatility.
GBPUSD is now trading just above its Pivot levels of 1.2807 and is moving into a Mild Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2790 and is now moving towards its next target of 1.2806 which is a Price 3 Standard Deviations Support.
We are also looking for the breach of the levels of 1.2779 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.
GBPUSD was unable to continue its bearish momentum and after forming a low of 1.2707 the prices started to correct upwards against the United States dollar.
We can see that the formation of Bullish price crossover pattern with Moving Average MA20 and MA50 and the Adaptive Moving average AMA50 in the daily timeframe.
The price of GBPUSD is ranging near support of channel in the daily timeframe.
The RSI indicator is back over 50 in the 4-hourly timeframe.
We can also see that the MACD crosses UP its Moving Average in the 4-hourly timeframe.
The Ichimoku: price is over the cloud in the 1-hourly timeframe.
The prices of GBPPUSD are ranging near a Near a new HIGH record of 1 month.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish reversal seen above the 1.2707 mark.
• Short-term range appears to be Strong Bullish.
• GBPUSD continues to remain above the 1.2800 levels.
• Average true range ATR is indicating high market volatility.
GBPUSD is now trading just above its Pivot levels of 1.2795 and is moving into a Strong Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.2782 and is now moving towards its next target of 1.2816 which is a 38.2% Retracement From 13 Week High.
We are also looking for the breach of the levels of 1.2835 which is a 14 Day RSI at 50%.
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.
EURUSD was unable to sustain its bearish momentum and after forming a low of 1.0781 the prices started to correct upwards against the United States dollar.
We can see the formation of Bullish Trend Reversal Pattern with the Moving Average MA50 and MA100 and the Adaptive Moving Average AMA100 in the 4-hourly timeframe.
The Resistance of the channel is broken in the 1-hourly timeframe which indicates the bullish nature of the markets.
We have also detected the formation of Bullish price crossover pattern with the Adaptive Moving average AMA20, AMA50 and AMA100 in the daily timeframe.
The Ichimoku: price is over the cloud in the weekly timeframe.
The Parabolic SAR indicator is also giving bullish reversal signal in the daily timeframe.
The prices of EURUSD are ranging near a new HIGH record of 1 month.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.0781 mark.
• Short-term range appears to be Strong Bullish.
• EURUSD continues to remain above the 1.0900 levels.
• Average true range ATR is indicating high market volatility.
The next resistance is located at 1.0914 which is a 14-3 Day Raw Stochastic at 80%.
EURUSD is now trading just below its Pivot levels of 1.0916 and is moving into a Strongly Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.0890 and is moving towards its next target of 1.0948 which is a 1-Month 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.
EURUSD was unable to sustain its bearish momentum and after forming a low of 1.0892 the prices started to correct upwards against the United States dollar.
We can see the formation of Moving Average bullish crossovers: MA50 & MA100 in the 2-hourly timeframe.
The Resistance of the channel is broken in the 1-hourly timeframe which indicates the bullish nature of the markets.
We have also detected the formation of Bullish Trend reversal with the Moving Average MA50 and MA100 in the daily timeframe.
The MACD crosses UP its Moving Average in the daily timeframe.
The Aroon indicator is giving bullish trend in the daily timeframe.
The prices of EURUSD are ranging near a new HIGH record of 1 month.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.0892 mark.
• Short-term range appears to be Strong Bullish.
• EURUSD continues to remain above the 1.0970 levels.
• Average true range ATR is indicating high market volatility.
The next resistance is located at 1.0996 which is a Price 1 Standard Deviation Resistance.
EURUSD is now trading just below its Pivot levels of 1.0987 and is moving into a Strongly Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.0965 and is moving towards its next target of 1.1008 which is a 1-Month 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.
GBPUSD was unable to continue its bearish momentum and after forming a low of 1.2710 the prices started to correct upwards against the United States dollar.
We can see that the formation of Bullish Trend Reversal Pattern with the Adaptive Moving average AMA20 and AMA50 in the 30-minutes timeframe.
The Ichimoku: price is over the cloud in the 1-hourly timeframe which indicates the bullish nature of the markets.
The RSI indicator is back over 50 in the 2-hourly timeframe.
We can also see that the MACD crosses UP its Moving Average in the 2-hourly timeframe.
The Ichimoku: price is over the cloud in the 1-hourly timeframe.
The MACD indicator is giving a bullish divergence signal in the 2-hourly timeframe.
The prices of GBPPUSD are ranging near a Near a new HIGH record of 1 month.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish reversal seen above the 1.2710 mark.
• Short-term range appears to be Strong Bullish.
• GBPUSD continues to remain above the 1.2760 levels.
• Average true range ATR is indicating high market volatility.
GBPUSD is now trading above its Pivot levels of 1.2759 and is moving into a Strong Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.2751 and is now moving towards its next target of 1.2774 which is a 14-3 Day Raw Stochastic at 20%.
We are also looking for the breach of the levels of 1.2808 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.
EURUSD was unable to continue its bullish momentum and after touching a high of 1.0962 the prices started to decline sharply against the US Dollar.
We can see the formation of Ichimoku - Bearish Crossover: Tenkan & Kijun in the 1-hourly timeframe.
The Support of the channel is broken in the 1-hourly timeframe.
The prices of EURUSD are ranging near the resistance of the channel in the 15-minutes timeframe.
The MACD crosses DOWN its Moving Average in the 4-hourly timeframe.
The horizontal support is broken in the daily timeframe.
The prices of EURUSD are ranging near a new LOW record of 1 month.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.0962 mark.
• Short-term range appears to be Strong Bearish.
• EURUSD continues to remain above the 1.0920 levels.
• Average true range ATR is indicating less market volatility.
The next support is located at 1.0920 which is a 38.2% Retracement From 4 Week High.
EURUSD is now trading just above its Pivot levels of 1.0916 and is moving into a Strongly Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0907 and is moving towards its next target of 1.0893 which is a 14-3 Day Raw Stochastic at 50%.
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.
GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2802 the prices started to decline sharply against the US dollar.
The Parabolic SAR Indicator is giving a Bearish Reversal signal in the weekly timeframe.
We can see the formation of Bearish price crossover pattern with adaptative moving average 50 AMA50 and moving average MA50 in the daily timeframe.
The Support of the channel is also broken in the daily timeframe.
The horizontal support is broken in the 15-minutes timeframe.
The MACD indicator is back under zero in the daily timeframe.
The prices of GBPPUSD are ranging near a Near a new LOW record of 1 month.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.2802 mark.
• Short-term range appears to be Strong Bearish.
• GBPUSD continues to remain above the 1.2700 levels.
• Average true range ATR is indicating high market volatility.
GBPUSD is now trading above its Pivot levels of 1.2692 and is moving into a Strong Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2685 and is now moving towards its next target of 1.2701 which is a Price 2 Standard Deviations Support.
We are also looking for the breach of the levels of 1.2675 which is a 38.2% Retracement From 13 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.
EURUSD was unable to continue its bearish momentum and after touching a low of 1.0904 the prices have started correcting upwards against the United States dollar.
The resistance of the channel is also broken in the 15-minutes timeframe.
We can see the formation of Bullish trend reversal: Moving Average 50 MA50 in the weekly timeframe.
The Momentum indicator is also back over zero in the 2-hourly timeframe.
The MACD crosses UP its Moving Average in the 1-hourly timeframe.
The Aroon indicator is giving bullish trend in the 30-minutes timeframe.
Some of the technical indicators are also giving a neutral stance in the markets which means that the prices are in the consolidation phase now.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.0904 mark.
• Short-term range appears to be Neutral.
• EURUSD continues to remain above the 1.0910 levels.
• Average true range ATR is indicating less market volatility.
The next resistance is located at 1.0920 which is a 38.2% Retracement From 4 Week High.
EURUSD is now trading just below its Pivot levels of 1.0921 and is moving into a Consolidation channel.
The price of EURUSD remains above its Classic support levels of 1.0899 and is moving towards its next target of 1.0939 which is a 14-3 Day Raw Stochastic 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.
