NZDUSD Technical Analysis – 05th SEP, 2024
NZDUSD – Bullish Trend Reversal Pattern
NZDUSD was unable to continue its bearish momentum and after touching a low of 0.6176 the prices started to rise upwards against the United States Dollar in the European Trading session today.
We can see Bullish trend reversal: adaptative moving average 50 in the 2-hourly timeframe.
The Parabolic SAR indicator bullish reversal is seen in the 2-hourly timeframe.
We have also detected Bullish price crossover with adaptative moving average 100 in the 4-hourly timeframe.
We can see Aroon indicator bullish trend in the 4-hourly timeframe.
The Horizontal resistance is broken in the daily timeframe.
The Resistance of channel is broken in the weekly timeframe.
We have also detected Moving Average bullish crossovers: MA20 & MA50 in the weekly timeframe.
NZDUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Kiwi Bullish reversal seen above the 0.6176 mark.
• Short-term range appears to be Mild Bullish.
• NZDUSD continues to remain above the 0.6200 levels.
• Average true range ATR is indicating Less market volatility.
The next resistance is located at 0.6224 which is a Price 1 Standard Deviation Resistance.
NZDUSD is now trading above its Pivot levels of 0.6216 and is moving into a Mild Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.6195 and is now moving towards its next target of 0.6234 at which the Price Crosses 9 Day Moving Average Stalls.
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 – 24th SEP, 2024
AUDUSD – Resistance of Channel is Broken
AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6814 the prices started to rise upwards against the United States Dollar today in the European Trading session.
The Resistance of channel is broken in the 15-minutes timeframe.
The price of AUDUSD is back over the pivot point in the 4-hourly timeframe.
The Williams percent Range indicator is back over -50 in the 4-hourly timeframe.
We can see that the Resistance of channel is broken 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 prices of AUDUSD are ranging Near a new HIGH record (1 year) in the weekly timeframe.
AUDUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Aussie Bullish reversal seen above the 0.6814 mark.
• Short-term range appears to be Strong Bullish.
• AUDUSD continues to remain above the 0.6850 levels.
• Average true range ATR is indicating High market volatility.
The next resistance is located at 0.6869 which is a 1-Month High.
AUDUSD is now trading above its Pivot levels of 0.6847 and is moving into a Strong Bullish channel.
The price of AUDUSD remains just above its Classic support levels of 0.6839 and is moving towards its next target of 0.6886 which is a Price 2 Standard Deviations 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.
For in-depth analysis, please check FXOpen Blog
EURUSD Technical Analysis – 24th SEP, 2024
EURUSD – Bullish Trend Reversal Pattern
EURUSD was unable to continue its bearish momentum and after touching a low of 1.1103 the prices started to correct upwards against the United States Dollar today in the European Trading session.
We have seen Bullish trend reversal: Moving Average 20 in the 1-hourly timeframe.
We can see Bullish trend reversal: adaptative moving average 100 in the 1-hourly timeframe.
We have also detected Bullish price crossover with adaptative moving average 50 in the 2-hourly timeframe.
The RSI indicator is back over 50 in the 2-hourly timeframe.
We can also see the Aroon indicator bullish trend formation in the 2-hourly timeframe.
The RSI indicator is back over 50 in the 4-hourly timeframe.
The EURUSD Price is back over the pivot point in the daily timeframe.
EURUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.1103 mark.
• Short-term range appears to be Strong Bullish.
• EURUSD continues to remain above the 1.1150 levels.
• Average true range ATR is indicating High market volatility.
The next resistance is located at 1.1158 which is a Pivot Point 1st Resistance Point.
EURUSD is now trading above its Pivot levels of 1.1139 and is moving into a Strong Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.1112 and is moving towards its next target of 1.1201 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.
For in-depth analysis, please check FXOpen Blog
GBPUSD Technical Analysis – 24th SEP, 2024
GBPUSD – Bullish Trend Reversal Pattern
GBPUSD was unable to continue its bearish momentum and after touching a low of 1.3331 the prices started to rise upwards against the United States Dollar today in the European Trading session.
We can see Bullish trend reversal: adaptative moving average 20 in the 15-minutes timeframe.
The Resistance of channel is broken in the daily timeframe.
The CCI indicator is overbought: over 100 in the 4-hourly timeframe.
We are now also looking at some saturation levels near to the 1.3390 which also indicates that the prices are expected to enter into a consolidation zone soon.
We can see the formation of Doji in the 4-hourly timeframe which indicates a Neutral market.
GBPUSD prices are hovering New HIGH record (1 year) 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 1.3152 mark.
• Short-term range appears to be Strong Bullish.
• GBPUSD continues to remain above the 1.3331 levels.
• Average true range ATR is indicating High market volatility.
GBPUSD is now trading above its Pivot levels of 1.3379 and is moving into a Strong Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.3336 and is now moving towards its next target of 1.3398 which is a 1-Month High.
We are also looking for the breach of the levels of 1.3409 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.
For in-depth analysis, please check FXOpen Blog
NZDUSD Technical Analysis – 24th SEP, 2024
NZDUSD – Resistance of Channel is Broken
NZDUSD was unable to continue its bearish momentum and after touching a low of 0.6258 the prices started to rise upwards against the United States Dollar today in the European Trading session.
The Resistance of channel is broken in the 1-hourly timeframe.
The CCI indicator is overbought: over 100 indicating a Neutral market.
The Resistance of channel is broken in the daily timeframe.
We have also seen the SuperTrend indicator bullish reversal in the weekly timeframe.
We can see that the prices of NZDUSD are reaching a saturation level near to the 0.6330 levels which also indicates a possible shift towards the consolidation phase in the markets.
We can see that the NZDUSD is hovering Near a new HIGH record (1 year) 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 0.6258 mark.
• Short-term range appears to be Strong Bullish.
• NZDUSD continues to remain above the 0.6320 levels.
• Average true range ATR is indicating High market volatility.
The next resistance is located at 0.6326 which is a 1-Month High.
NZDUSD is now trading near to its Pivot levels of 0.6321 and is moving into a Strong Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.6314 and is now moving towards its next target of 0.6338 which is a Price 3 Standard Deviations 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.
For in-depth analysis, please check FXOpen Blog
AUDUSD Technical Analysis – 27th SEP, 2024
AUDUSD – Ichimoku: Price is over the Cloud
AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6867 the prices started to rise upwards against the United States Dollar today in the European Trading session.
The Ichimoku: Price is over the Cloud in the 30-minutes timeframe.
The price of AUDUSD is ranging Near support of channel in the 1-hourly timeframe.
We can see that the Bullish price crossover with Moving Average 20 is visible in the 1-hourly timeframe.
The MACD crosses UP its Moving Average in the 2-hourly timeframe.
The Resistance of channel is broken in the daily 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 prices of AUDUSD are ranging Near a new HIGH record (1 year) in the weekly timeframe.
AUDUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Aussie Bullish reversal seen above the 0.6867 mark.
• Short-term range appears to be Strong Bullish.
• AUDUSD continues to remain above the 0.6890 levels.
• Average true range ATR is indicating Less market volatility.
The next resistance is located at 0.6908 which is a 1-Month High.
AUDUSD is now trading above its Pivot levels of 0.6886 and is moving into a Strong Bullish channel.
The price of AUDUSD remains just above its Classic support levels of 0.6864 and is moving towards its next target of 0.6927 which is a Pivot Point 1st Resistance Point.
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 SEP, 2024
EURUSD – Bullish Price Crossover Pattern
EURUSD was unable to continue its bearish momentum and after touching a low of 1.1124 the prices started to correct upwards against the United States Dollar today in the European Trading session.
We have seen Bullish price crossover with adaptative moving average 50 in the 30-minutes timeframe.
We can see that the Price is back over the pivot point in the 1-hourly timeframe.
We have also detected Bullish trend reversal: Moving Average 50 in the 2-hourly timeframe.
The Ichimoku: price is over the cloud in the 4-hourly timeframe.
The RSI indicator is back over 50 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 Conslidation wave in the markets.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.1124 mark.
• Short-term range appears to be Strong Bullish.
• EURUSD continues to remain above the 1.1150 levels.
• Average true range ATR is indicating Less market volatility.
The next resistance is located at 1.1164 which is a Pivot Point.
EURUSD is now trading below its Pivot levels of 1.1164 and is moving into a Strong Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.1139 and is moving towards its next target of 1.1171 which is a 14-3 Day Raw Stochastic at 80%.
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 SEP, 2024
GBPUSD – SuperTrend indicator Bullish Reversal
GBPUSD was unable to continue its bearish momentum and after touching a low of 1.3359 the prices started to rise upwards against the United States Dollar today in the European Trading session.
We can see SuperTrend indicator bullish reversal in the 15-minutes timeframe.
The Bullish price crossover with adaptative moving average 100 is visible in the 15-minutes timeframe.
The prices of GBPUSD are ranging Near support of channel in the 1-hourly timeframe.
We can see the formation of a Doji in the 1-hourly timeframe which indicates a Neutral market.
Some of the technical indicators are giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave present in the markets.
GBPUSD prices are hovering New HIGH record (1 year) 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 1.3359 mark.
• Short-term range appears to be Strong Bullish.
• GBPUSD continues to remain above the 1.3380 levels.
• Average true range ATR is indicating Less market volatility.
GBPUSD is now trading below its Pivot levels of 1.3391 and is moving into a Mild Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.3376 and is now moving towards its next target of 1.3434 which is a 1-Month High.
We are also looking for the breach of the levels of 1.3455 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.
For in-depth analysis, please check FXOpen Blog
NZDUSD Technical Analysis – 27th SEP, 2024
NZDUSD – Moving Average Bullish Crossovers
NZDUSD was unable to continue its bearish momentum and after touching a low of 0.6295 the prices started to rise upwards against the United States Dollar today in the European Trading session.
The Moving Average bullish crossovers: AMA20 & AMA50 is visible in the 15-minutes timeframe.
We can also see Moving Average bullish crossovers: AMA50 & AMA100 in the 30-minutes timeframe.
The Bullish trend reversal: Moving Average 50 is seen in the 1-hourly timeframe.
The Resistance of channel is broken in the daily timeframe.
We can see that the prices of NZDUSD are reaching a saturation level near to the 0.6350 levels which also indicates a possible shift towards the consolidation phase in the markets.
We can see that the NZDUSD is hovering Near a new HIGH record (1 year) 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 0.6295 mark.
• Short-term range appears to be Strong Bullish.
• NZDUSD continues to remain above the 0.6350 levels.
• Average true range ATR is indicating High market volatility.
The next resistance is located at 0.6365 which is a Price 1 Standard Deviation Resistance.
NZDUSD is now trading above its Pivot levels of 0.6319 and is moving into a Strong Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.6304 and is now moving towards its next target of 0.6369 which is a 52-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.
For in-depth analysis, please check FXOpen Blog
AUDUSD Technical Analysis – 30th SEP, 2024
AUDUSD – Bearish Price Crossover Pattern
AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6940 the prices started to decline against the United States Dollar today in the US Trading session.
We can see the formation of Bearish price crossover with Moving Average 100 in the 15-minutes timeframe.
We have seen Bearish price crossover with adaptative moving average 100 in the 15-minutes timeframe.
The MACD crosses DOWN its Moving Average in the 15-minutes timeframe.
The Parabolic SAR indicator bearish reversal is visible in the 15-minutes timeframe.
The RSI indicator is back under 50 in the 1-hourly timeframe.
The CCI indicator: bearish divergence is visible in the 1-hourly timeframe.
We have also detected the presence of Bearish Harami pattern in the 4-horly timeframe.
AUDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6940 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6890 levels.
• Average true range ATR is indicating High market volatility.
The next support is located at 0.6874 which is a 14-3 Day Raw Stochastic at 80%.
AUDUSD is now trading below its Pivot levels of 0.6937 and is moving into a Bearish channel.
The price of AUDUSD remains below its Classic support levels of 0.6932 and is moving towards its next target of 0.6868 which is a Pivot Point 1st Support Point.
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 – 30th SEP, 2024
EURUSD – Parabolic SAR Indicator Bearish Reversal
EURUSD was unable to continue its bullish momentum and after touching a high of 1.1208 the prices started to decline against the United States Dollar today in the US Trading session.
The Parabolic SAR indicator bearish reversal is visible in the 15-minutes timeframe.
The MACD crosses DOWN its Moving Average in the 15-minutes timeframe.
We have also detected the formation of a Long black line in the 15-minutes timeframe.
We have also seen Moving Average bearish crossovers: AMA20 & AMA50 in the 30-minutes timeframe.
The Support of channel is broken in the 1-hourly timeframe.
The Ichimoku: price is under the cloud in the 2-hourly timeframe.
We can see that the SuperTrend indicator bearish reversal is seen in the 2-hourly timeframe.
The prices of EURUSD are ranging Near resistance of channel 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 1.1208 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.1120 levels.
• Average true range ATR is indicating High market volatility.
The next support is located at 1.1124 which is a Pivot Point 1st Support Point.
EURUSD is now trading below its Pivot levels of 1.1154 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.1132 and is moving towards its next target of 1.1113 at which the Price Crosses 9 Day Moving Average Stalls.
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 – 30th SEP, 2024
GBPUSD – Bearish Trend Reversal Pattern
GBPUSD was unable to continue its bullish momentum and after touching a high of 1.3422 the prices started to decline against the United States Dollar today in the US Trading session.
We can see Bearish trend reversal: adaptative moving average 20 in the 30-minutes timeframe.
The RSI indicator: bullish divergence is seen in the 30-minutes timeframe.
The prices of GBPUSD are ranging Near resistance of channel in the 1-hourly timeframe.
We can see the Bearish price crossover with Moving Average 100 in the 1-hourly timeframe.
The MACD crosses DOWN its Moving Average in the 1-hourly timeframe.
The prices of GBPUSD are back under the pivot point in the 1-hourly timeframe.
The Aroon indicator bearish trend is visible in the 4-hourly timeframe.
We have also detected the RSI indicator: bearish divergence in the weekly timeframe.
The GBPUSD is ranging Near a new HIGH record (1 year) in the weekly timeframe.
GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.3422 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.3370 levels.
• Average true range ATR is indicating High market volatility.
GBPUSD is now trading below its Pivot levels of 1.3400 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.3378 and is now moving towards its next target of 1.3347 which is a 14-3 Day Raw Stochastic at 80%.
We are also looking for the breach of the levels of 1.3345 which is a Pivot Point 1st Support Point.
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 – 30th SEP, 2024
NZDUSD – Bearish Trend Reversal Pattern
NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6375 the prices started to decline against the United States Dollar today in the US Trading session.
The Bearish trend reversal: Moving Average 100 is visible in the 15-minutes timeframe.
We can also see Bearish trend reversal: Moving Average 20 in the 30-minutes timeframe.
We can see Bearish trend reversal: adaptative moving average 50 in the 30-minutes timeframe.
The Parabolic SAR indicator bearish reversal is visible in the 1-hourly timeframe.
We can detect MACD indicator: bearish divergence in the 1-hourly timeframe.
The MACD crosses DOWN its Moving Average in the 2-hourly timeframe.
The prices of NZDUSD are ranging Near horizontal resistance in the weekly timeframe.
NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.6375 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.6340 levels.
• Average true range ATR is indicating High market volatility.
The next support is located at 0.6334 which is a Pivot Point.
NZDUSD is now trading below its Pivot levels of 0.6374 and is moving into a Bearish channel.
The price of NZDUSD remains below its Classic support levels of 0.6361 and is now moving towards its next target of 0.6315 which is a 14-3 Day Raw Stochastic at 80%.
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 – 01st OCT, 2024
AUDUSD – Support of Channel is Broken
AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6939 the prices started to decline against the United States Dollar today in the US Trading session.
We can see the formation of Moving Average bearish crossovers: MA20 & MA50 in the 15-minutes timeframe.
The Support of channel is broken in the 15-minutes timeframe.
We have seen that the Momentum indicator is back under zero in the 4-hourly timeframe.
The RSI indicator: bearish divergence is visible in the daily timeframe.
The prices of AUDUSD are ranging Near horizontal resistance in the weekly timeframe.
The levels are also Near resistance of triangle in the monthly timeframe.
Some of the technical indicators are also giving a Neutral stance in the markets.
AUDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6939 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6900 levels.
• Average true range ATR is indicating Less market volatility.
The next support is located at 0.6894 which is a Pivot Point 1st Support Point.
AUDUSD is now trading below its Pivot levels of 0.6909 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6889 and is moving towards its next target of 0.6877 which is a 14-3 Day Raw Stochastic at 80%.
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 – 01st OCT, 2024
EURUSD – Support of Channel is Broken
EURUSD was unable to continue its bullish momentum and after touching a high of 1.1176 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of channel is broken in the daily timeframe.
The Bearish trend reversal: Moving Average 20 is visible in the 4-hourly timeframe.
We have also detected Bearish trend reversal: adaptative moving average 100 in the 4-hourly timeframe.
We have also seen Bearish price crossover with Moving Average 100 in the 4-hourly timeframe.
The Horizontal support is broken in the daily timeframe.
We can also see the Bearish price crossover with Moving Average 20 in the daily timeframe.
The RSI indicator is back under 50 in the daily timeframe.
We have also seen Parabolic SAR indicator bearish reversal in the daily timeframe. Along with the RSI indicator: bearish divergence is seen 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 1.1176 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.1080 levels.
• Average true range ATR is indicating Less market volatility.
The next support is located at 1.1083 which is a 38.2% Retracement From 4 Week Low.
EURUSD is now trading below its Pivot levels of 1.1101 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.1064 and is moving towards its next target of 1.1076 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.
For in-depth analysis, please check FXOpen Blog
GBPUSD Technical Analysis – 01st OCT, 2024
GBPUSD – Support of Channel Is Broken
GBPUSD was unable to continue its bullish momentum and after touching a high of 1.3414 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.
We have seen Moving Average bearish crossovers: AMA20 & AMA50 in the 1-hourly timeframe.
The Bearish trend reversal: Moving Average 20 is visible in the 4-hourly timeframe.
We can see the Bearish trend reversal: adaptative moving average 50 in the 4-hourly timeframe.
The MACD indicator is back under zero in the 4-hourly timeframe.
We can see Ichimoku - Bearish crossover: Tenkan & Kijun in the 4-hourly timeframe.
The RSI indicator: bearish divergence is visible in the weekly timeframe.
We have also detected the CCI indicator: bearish divergence in the weekly timeframe.
Now we can see the formation of Bearish engulfing lines in the weekly timeframe. The Resistance of channel is broken in the monthly timeframe.
GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.3414 mark.
• Short-term range appears to be Bearish.
• GBPUSD continues to remain above the 1.3310 levels.
• Average true range ATR is indicating Less market volatility.
GBPUSD is now trading below its Pivot levels of 1.3329 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.3303 and is now moving towards its next target of 1.3310 which is a Pivot Point 2nd Support Point.
We are also looking for the breach of the levels of 1.3304 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.
For in-depth analysis, please check FXOpen Blog
NZDUSD Technical Analysis – 01st OCT, 2024
NZDUSD – Support of Channel Is Broken
NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6375 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.
The Ichimoku: price is under the cloud in the 1-hourly timeframe.
We can see Ichimoku - Bearish crossover: Tenkan & Kijun in the 1-hourly timeframe.
The Bearish price crossover with Moving Average 50 is visible in the 2-hourly timeframe.
We can detect Bearish price crossover with adaptative moving average 100 in the 2-hourly timeframe.
The Horizontal support is broken in the daily timeframe.
The prices of NZDUSD are ranging Near horizontal resistance in the weekly timeframe. The Resistance of channel is broken in the weekly timeframe.
We have also detected the formation of Bearish Harami in the weekly 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 0.6375 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.6300 levels.
• Average true range ATR is indicating Less market volatility.
The next support is located at 0.6308 which is a Pivot Point 2nd Support Point.
NZDUSD is now trading below its Pivot levels of 0.6321 and is moving into a Bearish channel.
The price of NZDUSD remains near its Classic support levels of 0.6304 and is now moving towards its next target of 0.6296 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.
For in-depth analysis, please check FXOpen Blog
