Daily Market Analytics - Forex

[FXOpen Trader]

USDJPY Technical Analysis – 11th DEC, 2024
USDJPY – Moving Average Bullish Crossovers

USDJPY was unable to continue its bearish momentum and after touching a low of 151.45 the prices started to correct upwards against the United States Dollar today in the London Trading session.
The Moving Average bullish crossovers: MA20 & MA50 is visible in the 30-minutes timeframe.
We see that the RSI indicator is back over 50 in the weekly timeframe.
Also, we can see that the Resistance of channel is broken in the 1-hourly timeframe.

The Bullish price crossover with adaptative moving average 20 is visible 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.
Also, we see Bullish price crossover with Moving Average 100 present in the 4-hourly timeframe.
We have seen Ichimoku: price is over the cloud in the 4-hourly timeframe. Also, we see the formation of a Long white line 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.
USDJPY is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.

•    Yen Bullish reversal seen above the 151.45 mark.
•    Short-term range appears to be Bullish.
•    USDJPY continues to remain above the 152.50 levels.
•    Average true range ATR is indicating High market volatility.

The next resistance is located at 152.95 which is a Pivot Point 2nd Level Resistance.
USDJPY is now trading near to its Pivot levels of 152.63 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 152.15 and is now moving towards its next target of 153.10 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.

[FXOpen Trader]

AUDUSD Technical Analysis – 12th DEC, 2024
AUDUSD – Parabolic SAR Indicator Bearish Reversal

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6429 the prices have started to decline against the United States Dollar today in the London trading session.
We can see Parabolic SAR indicator bearish reversal present in the 15-minutes timeframe.
Also, the Bearish price crossover with Moving Average 50 is seen in the 30-minutes timeframe.
We have detected the Bearish price crossover with adaptative moving average 50 in the 30-minutes timeframe.

The Bearish price crossover with Moving Average 100 is visible in the 1-hourly timeframe.
We have detected that the RSI indicator is back under 50 in the 1-hourly timeframe. The SuperTrend indicator bearish reversal is also seen in the 1-hourly timeframe.
We can see Bearish price crossover with adaptative moving average 20 in the 2-hourly timeframe. Also, RSI indicator is back under 50 in the 2-hourly timeframe.
The prices are ranging Near a new LOW record (1 year) in the weekly timeframe.

AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
•    Aussie Bearish reversal seen below the 0.6429 mark.
•    Short-term range appears to be Bearish.
•    AUDUSD continues to remain above the 0.6360 levels.
•    Average true range ATR is indicating High market volatility.

The next support is located at 0.6341 which is a Price 1 Standard Deviation Support.
AUDUSD is now trading below its Pivot levels of 0.6394 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6363 and is moving towards its next target of 0.6337 which is a 1-Month 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.

[FXOpen Trader]

EURUSD Technical Analysis – 12th DEC, 2024
EURUSD – Resistance of Channel is Broken

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0530 the prices started to decline against the United States Dollar today in the Asian Trading session.
We can see that the Resistance of channel is broken in the 15 minutes timeframe.
The MACD crosses DOWN its Moving Average in the 15-minutes timeframe.
We have seen Parabolic SAR indicator bearish reversal in the 15-minutes timeframe.

We can see the Bearish price crossover with Moving Average 20 present in the 1-hourly timeframe.
Also, the Bearish price crossover with adaptative moving average 50 is visible in the 1-hourly timeframe.
The Ichimoku: price is under the cloud in the 1-hourly timeframe.
We have detected the formation of a Long black line in the 1-hourly timeframe.

The prices of EURUSD are ranging Near a new LOW record (1 year) 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 1.0530 mark.
•    Short-term range appears to be Bearish.
•    EURUSD continues to remain above the 1.0460 levels.
•    Average true range ATR is indicating High market volatility.

The next support is located at 1.0467 at which the Price Crosses 9-18 Day Moving Average.
EURUSD is now trading below its Pivot levels of 1.0504 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0440 and is moving towards its next target of 1.0449 which is a Price 2 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.

[FXOpen Trader]

GBPUSD Technical Analysis – 12th DEC, 2024
GBPUSD – Horizontal Support is Broken

 
GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2787 the prices started to decline against the United States Dollar today in the London Trading session.
We can see that the Horizontal support is broken in the 15-minutes timeframe.
The Moving Average bearish crossovers: AMA20 & AMA50 is seen in the 1-hourly timeframe.
As we can see the Moving Average bearish crossovers: MA20 & MA50 is visible in the 2-hourly timeframe.

The Ichimoku: price is under the cloud in the 2-hourly timeframe.  Also, SuperTrend indicator bearish reversal can be seen in the 2-hourly timeframe.
The Bearish price crossover with adaptative moving average 50 can be seen in the 4-hourly timeframe.
We have detected Parabolic SAR indicator bearish reversal present in the 4-hourly timeframe. The SuperTrend indicator bearish reversal can be seen in the 4-hourly timeframe.
Also, the prices are ranging Near a new LOW record (1 year) in the weekly timeframe.

We can see Bearish price crossover with adaptative moving average 20 in the daily timeframe.
GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.
•    Pound Bearish reversal seen below the 1.2787 mark.
•    Short-term range appears to be Bearish.
•    GBPUSD continues to remain above the 1.2690 levels.
•    Average true range ATR is indicating High market volatility.

GBPUSD is now trading near to its Pivot levels of 1.2699 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2634 and is now moving towards its next target of 1.2680 which is a Pivot Point 2nd Support Point.
We are also looking for the breach of the levels of 1.2648 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.

[FXOpen Trader]

NZDUSD Technical Analysis – 12th DEC, 2024
NZDUSD – Bearish Trend Reversal

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5817 the prices started to decline against the United States Dollar today in the London Trading session.
We see Bearish trend reversal: Moving Average 50 in the 30-minutes timeframe.
Also, we see the prices are ranging Near horizontal resistance in the 1-hourly timeframe.
The Bearish trend reversal: Moving Average 20 is visible in the 1-hourly timeframe.

We have detected Parabolic SAR indicator bearish reversal present in the 2-hourly timeframe.
The Price is back under the pivot point in the 2-hourly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We have seen that the prices continue to range New LOW record (1 year) in the weekly timeframe.

NZDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
•    Kiwi Bearish reversal seen below the 0.5817 mark.
•    Short-term range appears to be Bearish.
•    NZDUSD continues to remain above the 0.5770 levels.
•    Average true range ATR is indicating High market volatility.

The next support is located at 0.5761 which is a 1-Month Low.
NZDUSD is now trading near to its Pivot levels of 0.5784 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5744 and is now moving towards its next target of 0.5748 which is a Price 1 Standard Deviation 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.