Resolve Posted October 17 Author Share Posted October 17 EURUSD Technical Analysis – 17th OCT, 2024 EURUSD – Support of Channel is Broken EURUSD was unable to continue its bullish momentum and after touching a high of 1.0872 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 Horizontal support is broken in the daily timeframe. We have also detected Bearish price crossover with Moving Average 50 in the weekly timeframe. We can also see Bearish price crossover with adaptative moving average 100 in the weekly timeframe. The MACD crosses DOWN its Moving Average in the weekly timeframe. Also, we can see that the Momentum indicator is back under zero in the weekly timeframe. The prices of EURUSD are ranging New LOW record (1 month) 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. EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages. • Euro Bearish reversal seen below the 1.0872 mark. • Short-term range appears to be Bearish. • EURUSD continues to remain above the 1.0820 levels. • Average true range ATR is indicating High market volatility. The next support is located at 1.0819 which is a Price 1 Standard Deviation Support. EURUSD is now trading near to its Pivot levels of 1.0825 and is moving into a Bearish channel. The price of EURUSD remains above its Classic support levels of 1.0813 and is moving towards its next target of 1.0801 which is a Price 2 Standard Deviations Support. #fxopen Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand. For in-depth analysis, please check FXOpen Blog Link to comment Share on other sites More sharing options...
Resolve Posted October 17 Author Share Posted October 17 GBPUSD Technical Analysis – 17th OCT, 2024 GBPUSD – CCI indicator: Bullish Divergence GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2973 the prices started to rise upwards against the United States Dollar today in the US Trading session. We have seen CCI indicator: bullish divergence in the daily timeframe. The prices are ranging Near horizontal support in the weekly timeframe. GBPUSD is Near support of channel 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. The MACD crosses DOWN its Moving Average in the weekly timeframe which is indicative of the bearish trends. The prices are ranging Near a new HIGH record (1 year) in the weekly timeframe. GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average. • Pound Bullish reversal seen above the 1.2973 mark. • Short-term range appears to be Bullish. • GBPUSD continues to remain above the 1.3000 levels. • Average true range ATR is indicating High market volatility. GBPUSD is now trading near to its Pivot levels of 1.3011 and is moving into a Bullish channel. The price of GBPUSD is above its Classic support levels of 1.2995 and is now moving towards its next target of 1.3028 which is a Price 1 Standard Deviation Resistance. We are also looking for the breach of the levels of 1.3049 which is a 50% Retracement From 13 Week High/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 Link to comment Share on other sites More sharing options...
Resolve Posted October 17 Author Share Posted October 17 NZDUSD Technical Analysis – 17th OCT, 2024 NZDUSD – Parabolic SAR Indicator Bearish Reversal NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6073 the prices started to decline against the United States Dollar today in the US Trading session. We have seen Bearish trend reversal: adaptative moving average 20 in the 15-minutes timeframe. We have also detected Moving Average bearish crossovers: MA20 & MA50 in the 15-minutes timeframe. The MACD crosses DOWN its Moving Average in the 15-minutes timeframe. We can also detect Parabolic SAR indicator bearish reversal in the 15-minutes timeframe. The RSI indicator is back under 50 in the 1-hourly timeframe. Also, Bearish trend reversal: Moving Average 20 is visible in the weekly timeframe. The MACD crosses DOWN its Moving Average 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 0.6073 mark. • Short-term range appears to be Bearish. • NZDUSD continues to remain above the 0.6050 levels. • Average true range ATR is indicating High market volatility. The next support is located at 0.6052 which is a 38.2% Retracement From 13 Week Low. NZDUSD is now trading below its Pivot levels of 0.6062 and is moving into a Bearish channel. The price of NZDUSD remains near its Classic support levels of 0.6054 and is now moving towards its next target of 0.6040 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 Link to comment Share on other sites More sharing options...
Resolve Posted yesterday at 03:22 AM Author Share Posted yesterday at 03:22 AM AUDUSD Technical Analysis – 22nd OCT, 2024 AUDUSD – Resistance of Channel is Broken AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6650 the prices have started to rise upwards against the United States Dollar today in the US trading session. The Resistance of channel is broken in the 1-hourly timeframe. We can also see Bullish trend reversal: adaptative moving average 100 in the 30-minutes timeframe. We have seen Bullish price crossover with adaptative moving average 50 in the 1-hourly timeframe. The RSI indicator is back over 50 in the 2-hourly timeframe. We have also seen Bullish engulfing lines in the 4-hourly timeframe. Also, we can see Bullish price crossover with adaptative moving average 100 in the daily timeframe. We have detected RSI indicator: bullish divergence in the daily timeframe. The AUDUSD is ranging Near a new HIGH record (1 month) in the weekly timeframe. AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages. • Aussie Bullish reversal seen above the 0.6650 mark. • Short-term range appears to be Bullish. • AUDUSD continues to remain above the 0.6680 levels. • Average true range ATR is indicating Less market volatility. The next resistance is located at 0.6693 which is a Price 3 Standard Deviations Resistance. AUDUSD is now trading near to its Pivot levels of 0.6681 and is moving into a Bullish channel. The price of AUDUSD remains above its Classic support levels of 0.6673 and is moving towards its next target of 0.6719 at which the Price Crosses 9 Day Moving Average Stalls. #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 Link to comment Share on other sites More sharing options...
Resolve Posted yesterday at 03:33 AM Author Share Posted yesterday at 03:33 AM EURUSD Technical Analysis – 22nd OCT, 2024 EURUSD – MACD Indicator: Bullish Divergence EURUSD was unable to continue its bearish momentum and after touching a low of 1.0810 the prices started to correct upwards against the United States Dollar today in the US Trading session. We can see MACD indicator: bullish divergence in the 2-hourly timeframe. The prices are ranging Near horizontal support in the daily timeframe. We have also detected RSI indicator: bullish divergence in the daily timeframe. The prices of EURUSD are ranging Near support of channel in the weekly timeframe. Also, we can see that the CCI indicator is oversold: under -100 in the daily timeframe indicating a Neutral market. The prices of EURUSD are ranging Near a new HIGH record (1 year) 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. EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages. • Euro Bullish reversal seen above the 1.0810 mark. • Short-term range appears to be Bullish. • EURUSD continues to remain above the 1.0810 levels. • Average true range ATR is indicating High market volatility. The next resistance is located at 1.0838 which is a Price 1 Standard Deviation Resistance. EURUSD is now trading near to its Pivot levels of 1.0824 and is moving into a Bullish channel. The price of EURUSD remains above its Classic support levels of 1.0803 and is moving towards its next target of 1.0865 which is a 14-3 Day Raw Stochastic at 20%. #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 Link to comment Share on other sites More sharing options...
Resolve Posted yesterday at 03:39 AM Author Share Posted yesterday at 03:39 AM GBPUSD Technical Analysis – 22nd OCT, 2024 GBPUSD – Bullish Harami Pattern GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2976 the prices started to rise upwards against the United States Dollar today in the US Trading session. We have seen Bullish Harami pattern in the 30-minutes timeframe. The prices are ranging Near support of channel in the 1-hourly timeframe. We have also seen Bullish Harami cross in the 4-hourly timeframe. Also, we see RSI indicator: bullish divergence in the daily timeframe. We can see Bullish opening of the markets this week. 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. The prices are ranging Near a new HIGH record (1 year) in the weekly timeframe. GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average. • Pound Bullish reversal seen above the 1.2976 mark. • Short-term range appears to be Bullish. • GBPUSD continues to remain above the 1.2970 levels. • Average true range ATR is indicating High market volatility. GBPUSD is now trading near to its Pivot levels of 1.2978 and is moving into a Bullish channel. The price of GBPUSD is above its Classic support levels of 1.2965 and is now moving towards its next target of 1.2984 which is the Last level. We are also looking for the breach of the levels of 1.3013 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 Link to comment Share on other sites More sharing options...
Resolve Posted yesterday at 04:04 AM Author Share Posted yesterday at 04:04 AM NZDUSD Technical Analysis – 22nd OCT, 2024 NZDUSD – Near Support of Channel NZDUSD was unable to continue its bearish momentum and after touching a low of 0.6020 the prices started to correct upwards against the United States Dollar today in the US Trading session. The prices are ranging Near support of channel in the 15-minutes timeframe. The Momentum indicator is back over zero in the 30-minutes timeframe. We have also seen Bullish price crossover with Moving Average 20 in the 2-hourly timeframe. The MACD crosses UP its Moving Average in the 4-hourly timeframe. The prices of NZDUSD are back over the pivot point in the daily timeframe. NZDUSD is ranging Near support of channel 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. NZDUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages. • Kiwi Bullish reversal seen above the 0.6020 mark. • Short-term range appears to be Bullish. • NZDUSD continues to remain above the 0.6050 levels. • Average true range ATR is indicating Less market volatility. The next resistance is located at 0.6114 which is a 14-3 Day Raw Stochastic at 30%. NZDUSD is now trading near to its Pivot levels of 0.6054 and is moving into a Bullish channel. The price of NZDUSD remains above its Classic support levels of 0.6043 and is now moving towards its next target of 0.6122 which is a Pivot Point 3rd 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 Link to comment Share on other sites More sharing options...
Resolve Posted yesterday at 04:19 AM Author Share Posted yesterday at 04:19 AM USDCAD Technical Analysis – 22nd OCT, 2024 USDCAD – Bearish Trend Reversal Pattern USDCAD was unable to continue its Bullish momentum and after touching a high of 1.3842 the prices started to correct downwards against the United States Dollar today in the US Trading session. We have seen Bearish trend reversal: adaptative moving average 100 in the 30-minutes timeframe. Also, we can detect Bearish price crossover with Moving Average 100 in the 30-minutes timeframe. The Support of channel is broken in the 1-hourly timeframe. We have seen Bearish price crossover with adaptative moving average 20 in the 1-hourly timeframe. The price of USDCAD is back under the pivot point in the 2-hourly timeframe. The MACD crosses DOWN its Moving Average 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. USDCAD is now trading above its 100-hour SMA and above its 200-hour SMA simple moving averages. • Loonie Bearish reversal seen below the 1.3842 mark. • Short-term range appears to be Bearish. • USDCAD continues to remain above the 1.3810 levels. • Average true range ATR is indicating Less market volatility. The next support is located at 1.3804 which is a Pivot Point 1st Support Point. USDCAD is now trading near to its Pivot levels of 1.3828 and is moving into a Bearish channel. The price of USDCAD remains above its Classic support levels of 1.3818 and is now moving towards its next target of 1.3801 which is a Price 1 Standard Deviation Support. #fxopen Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand. For in-depth analysis, please check FXOpen Blog Link to comment Share on other sites More sharing options...
Resolve Posted yesterday at 04:23 AM Author Share Posted yesterday at 04:23 AM USDJPY Technical Analysis – 22nd OCT, 2024 USDJPY – Bearish Price Crossover Pattern USDJPY was unable to continue its Bullish momentum and after touching a high of 151.09 the prices started to correct downwards 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 can detect Bearish price crossover with adaptative moving average 100 in the 15-minutes timeframe. The prices of USDJPY are ranging Near resistance of channel in the 1-hourly timeframe. We have seen Bearish price crossover with adaptative moving average 20 in the 1-hourly timeframe. USDJPY is ranging Near resistance of channel 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. USDJPY is now trading above its 100-hour SMA and above its 200-hour SMA simple moving averages. • Yen Bearish reversal seen below the 151.09 mark. • Short-term range appears to be Bearish. • USDJPY continues to remain above the 150.70 levels. • Average true range ATR is indicating High market volatility. The next support is located at 150.40 which is a 38.2% Retracement From 13 Week High. USDJPY is now trading near to its Pivot levels of 150.87 and is moving into a Bearish channel. The price of USDJPY remains above its Classic support levels of 150.64 and is now moving towards its next target of 150.21 which is a Price 1 Standard Deviation Support. #fxopen Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand. For in-depth analysis, please check FXOpen Blog Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now