Resolve Posted August 9 Author Share Posted August 9 GBPUSD Technical Analysis – 09th AUG, 2024 GBPUSD – Ichimoku: Price is over the Cloud GBPUSD was unable to continue its bearish momentum and after forming a low of 1.2660 the prices started to correct upwards against the US dollar. The Ichimoku: Price is over the Cloud in the 2-hourly timeframe. We can see the formation of Bullish trend reversal: Moving Average 50 in the daily timeframe. The prices of GBPUSD are ranging Near support of channel in the weekly timeframe. The Resistance of channel is broken in the 1-hourly timeframe. The MACD crosses UP its Moving Average in the 30-minutes timeframe. GBPUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving average. • Pound Bullish reversal seen above the 1.2660 mark. • Short-term range appears to be Bullish. • GBPUSD continues to remain above the 1.2750 levels. • Average true range ATR is indicating less market volatility. GBPUSD is now trading below its Pivot levels of 1.2765 and is moving into a Consolidation channel. The price of GBPUSD is above its Classic support levels of 1.2746 and is now moving towards its next target of 1.2768 at which the Price Crosses 9 Day Moving Average. We are also looking for the breach of the levels of 1.2773 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. For in-depth analysis, please check FXOpen Blog Link to comment Share on other sites More sharing options...
Resolve Posted August 12 Author Share Posted August 12 EURUSD Technical Analysis – 12th AUG, 2024 EURUSD – Resistance of Channel is Broken EURUSD was unable to continue its bearish momentum and after touching a low of 1.0909 the prices have started correcting upwards against the United States dollar. The resistance of the channel is also broken in the 1-hourly timeframe. We can see the formation of Moving Average bullish crossovers: MA20 & MA50 in the 2-hourly timeframe. The Aroon indicator is also giving a bullish trend in the 4-hourly timeframe. We have also seen the presence of the Bullish engulfing lines in the weekly 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 1.0909 mark. • Short-term range appears to be Neutral. • EURUSD continues to remain above the 1.0925 levels. • Average true range ATR is indicating high market volatility. The next resistance is located at 1.0939 which is a 14-3 Day Raw Stochastic at 70%. EURUSD is now trading just below its Pivot levels of 1.0930 and is moving into a Consolidation channel. The price of EURUSD remains above its Classic support levels of 1.0914 and is moving towards its next target of 1.0940 at which the Price Crosses 18 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 Link to comment Share on other sites More sharing options...
Resolve Posted August 12 Author Share Posted August 12 GBPUSD Technical Analysis – 12th AUG, 2024 GBPUSD – Parabolic SAR Indicator Bullish Reversal GBPUSD was unable to continue its bearish momentum and after forming a low of 1.2746 the prices started to correct upwards against the US dollar. The Parabolic SAR Indicator is also giving a Bullish Reversal signal in the daily timeframe. We have also seen a Bullish opening of the markets this week. The prices of GBPUSD are ranging Near horizontal support in the weekly timeframe. The Resistance of channel is broken in the 1-hourly timeframe. The MACD crosses UP its Moving Average in the 30-minutes timeframe. GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average. • Pound Bullish reversal seen above the 1.2746 mark. • Short-term range appears to be Bullish. • GBPUSD continues to remain above the 1.2750 levels. • Average true range ATR is indicating high market volatility. GBPUSD is now trading below its Pivot levels of 1.2763 and is moving into a Consolidation channel. The price of GBPUSD is above its Classic support levels of 1.2743 and is now moving towards its next target of 1.2776 which is a 50% Retracement From 13 Week High/Low. We are also looking for the breach of the levels of 1.2796 at which the Price Crosses 40 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. For in-depth analysis, please check FXOpen Blog Link to comment Share on other sites More sharing options...
Resolve Posted August 15 Author Share Posted August 15 AUDUSD Technical Analysis – 15th AUG, 2024 AUDUSD – Bearish Trend Reversal Pattern AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6633 the prices started to decline sharply against the United States dollar in the London trading session. We can see the formation of a Bearish Trend Reversal Pattern with the Adaptive Moving average AMA20 AMA50 and AMA100 in the 30-minutes timeframe. The Ichimoku: price is under the cloud in the 30-minutes timeframe. The MACD crosses DOWN its Moving Average in the 1-hourly timeframe. The Parabolic SAR indicator is also giving a bearish reversal signal in the 1-hourly timeframe. The RSI indicator: bearish divergence is also seen in the 2-hourly timeframe. The MACD indicator: bearish divergence is visible in the 4-hourly timeframe. AUDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages. • Aussie Bearish reversal seen below the 0.6633 mark. • Short-term range appears to be Strong Bearish. • AUDUSD continues to remain above the 0.6600 levels. • Average true range ATR is indicating high market volatility. The next support is located at 0.6598 which is a 14 Day RSI at 50%. AUDUSD is now trading below its Pivot levels of 0.6614 and is moving into a Strong Bearish channel. The price of AUDUSD remains above its Classic support levels of 0.6568 and is moving towards its next target of 0.6584 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 Link to comment Share on other sites More sharing options...
Resolve Posted August 15 Author Share Posted August 15 EURUSD Technical Analysis – 15th AUG, 2024 EURUSD – Bearish Price Crossover Pattern EURUSD was unable to continue its bullish momentum and after touching a high of 1.1023 the prices started to decline sharply against the United States dollar in the London trading session. We can see the formation of a Bearish Price Crossover Pattern with the Adaptive Moving average AMA20 in the 15-minutes timeframe. The Aroon indicator is also giving a bearish trend in the 15-minutes timeframe. We can see the formation of Ichimoku - Bearish crossover: Tenkan & Kijun also in the 15-minutes timeframe. The MACD indicator: bearish divergence is seen in the 15-minutes timeframe. We have also seen the formation of a Long black line and Black Marubozu in the 15-minutes timeframe. The SuperTrend indicator is also giving a bearish reversal signal in the 1-hourly timeframe. EURUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages. • Euro Bearish reversal seen below the 1.1023 mark. • Short-term range appears to be Strong Bearish. • EURUSD continues to remain above the 1.0950 levels. • Average true range ATR is indicating high market volatility. The next support is located at 1.0947 at which the Price Crosses 9 Day Moving Average. EURUSD is now trading below its Pivot levels of 1.1012 and is moving into a Strong Bearish channel. The price of EURUSD remains below its Classic support levels of 1.1005 and is moving towards its next target of 1.0912 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. For in-depth analysis, please check FXOpen Blog Link to comment Share on other sites More sharing options...
Resolve Posted August 15 Author Share Posted August 15 GBPUSD Technical Analysis – 15th AUG, 2024 GBPUSD – Bearish Price Crossover Pattern GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2868 the prices started to decline sharply against the United States dollar in the London trading session. We can see the formation of a Bearish Price Crossover Pattern with the Adaptive moving average AMA20 and AMA50 in the 15-minutes timeframe. The MACD indicator: bearish divergence is seen in the 15-minutes timeframe. We can see the formation of a Long black line and Black Marubozu pattern in the 15-minutes timeframe. The MACD crosses DOWN its Moving Average in the 30-minutes timeframe. The Parabolic SAR indicator bearish reversal is also seen in the 30-minutes timeframe. The SuperTrend indicator bearish reversal is also visible in the 30-minutes 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 1.2868 mark. • Short-term range appears to be Bearish. • GBPUSD continues to remain above the 1.2800 levels. • Average true range ATR is indicating high market volatility. GBPUSD is now trading below its Pivot levels of 1.2833 and is moving into a Strong Bearish channel. The price of GBPUSD is above its Classic support levels of 1.2737 and is now moving towards its next target of 1.2790 which is a Pivot Point 2nd Support Point. We are also looking for the breach of the levels of 1.2777 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. For in-depth analysis, please check FXOpen Blog Link to comment Share on other sites More sharing options...
Resolve Posted August 15 Author Share Posted August 15 NZDUSD Technical Analysis – 15th AUG, 2024 NZDUSD – Bearish Trend Reversal Pattern NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6014 the prices started to decline sharply against the United States dollar in the London trading session. We can see the formation of a Bearish Trend Reversal Pattern with the Adaptive Moving average AMA20 and AMA50 in the 30-minutes timeframe. The Ichimoku: price is under the cloud in the 2-hourly timeframe. MACD indicator is back under zero in the 4-hourly timeframe. The prices of NZDUSD are ranging Near resistance of triangle in the weekly timeframe. We have also seen the formation of a Black gravestone / inverted hammer and Bearish Harami patterns in the weekly timeframe. The prices of NZDUSD are ranging Near resistance of channel in the 1-hourly timeframe. NZDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages. • Kiwi Bearish reversal seen below the 0.6014 mark. • Short-term range appears to be Strong Bearish. • NZDUSD continues to remain above the 0.5980 levels. • Average true range ATR is indicating high market volatility. The next support is located at 0.5978 at which the Price Crosses 18 Day Moving Average Stalls. NZDUSD is now trading below its Pivot levels of 0.5994 and is moving into a Strong Bearish channel. The price of NZDUSD remains above its Classic support levels of 0.5961 and is moving towards its next target of 0.5973 which is a 50% Retracement From 4 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. For in-depth analysis, please check FXOpen Blog Link to comment Share on other sites More sharing options...
Resolve Posted August 21 Author Share Posted August 21 AUDUSD Technical Analysis – 21st AUG, 2024 AUDUSD – Bullish Price Crossover Pattern AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6595 on 15th Aug the prices have started to rise upwards against the United States dollar in the London trading session today. We can see the formation of a Bullish price crossover with adaptative moving average 50 in the 30-minutes timeframe. The Resistance of channel is broken in the daily timeframe. The MACD crosses UP its Moving Average in the weekly timeframe. The Parabolic SAR indicator is giving a bullish reversal signal in the weekly timeframe. The prices are ranging Near support of triangle in the monthly timeframe. The levels of AUDUSD are ranging near a New HIGH record of 1 month. AUDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages. • Aussie Bullish reversal seen above the 0.6595 mark. • Short-term range appears to be Strong Bullish. • AUDUSD continues to remain above the 0.6700 levels. • Average true range ATR is indicating less market volatility. The next resistance is located at 0.6752 which is a 1-Month High. AUDUSD is now trading near to its Pivot levels of 0.6738 and is moving into a Strong Bullish channel. The price of AUDUSD remains above its Classic support levels of 0.6726 and is moving towards its next target of 0.6759 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 Link to comment Share on other sites More sharing options...
Resolve Posted August 21 Author Share Posted August 21 EURUSD Technical Analysis – 21st AUG, 2024 EURUSD – Bullish Trend Reversal Pattern EURUSD was unable to continue its bearish momentum and after touching a low of 1.0949 on 15th Aug the prices have started to rise upwards touching a high of 1.1131 today in the London trading session. We can see the formation of a Bullish Trend Reversal Pattern with the Adaptive moving average AMA20 in the 30-minutes timeframe. The prices of EURUSD are ranging near the support of the channel in the 15-minutes timeframe. Some of the technical indicators are also giving a bearish trend signal which indicates the presence of the consolidation wave present in the markets. The resistance of the channel is broken in the daily timeframe. The prices of EURUSD are ranging near 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 1.0949 mark. • Short-term range appears to be Strong Bullish. • EURUSD continues to remain above the 1.1100 levels. • Average true range ATR is indicating less market volatility. The next resistance is located at 1.1132 which is a 1-Month High. EURUSD is now trading near to its Pivot levels of 1.1117 and is moving into a Strong Bullish channel. The price of EURUSD remains above its Classic support levels of 1.1105 and is moving towards its next target of 1.1149 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 Link to comment Share on other sites More sharing options...
Resolve Posted August 21 Author Share Posted August 21 GBPUSD Technical Analysis – 21st AUG, 2024 GBPUSD – Resistance of Channel is Broken GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2798 on 15th Aug the prices have started to rise upwards against the United States dollar in the London trading session. The Resistance of Channel is Broken in the daily timeframe. The Parabolic SAR indicator is giving a bullish reversal signal in the weekly timeframe. The MACD indicator is back over zero in the 15-minutes timeframe, which indicates the presence of a bullish trend. The prices of GBPUSD are ranging Near the horizontal support in the 1-hourly timeframe. We can see the formation of a Bullish trend reversal: adaptative moving average 20 in the 1-hourly timeframe. The Price is back over the pivot point in the 4-hourly timeframe. GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average. • Pound Bullish reversal seen above the 1.2798 mark. • Short-term range appears to be Bullish. • GBPUSD continues to remain above the 1.3000 levels. • Average true range ATR is indicating less market volatility. GBPUSD is now trading above its Pivot levels of 1.3016 and is moving into a Strong Bullish channel. The price of GBPUSD is above its Classic support levels of 1.3008 and is now moving towards its next target of 1.3052 which is a 1-Month High. We are also looking for the breach of the levels of 1.3066 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 Link to comment Share on other sites More sharing options...
Resolve Posted August 21 Author Share Posted August 21 NZDUSD Technical Analysis – 21st AUG, 2024 NZDUSD – Bullish Trend Reversal Pattern NZDUSD was unable to continue its bearish momentum and after touching a low of 0.5974 the prices started to correct upwards against the United States dollar in the London trading session today. We can see the formation of a Bullish trend reversal: adaptative moving average 20 in the weekly timeframe. The MACD crosses UP its Moving Average in the weekly timeframe. The Parabolic SAR indicator is also giving a bullish reversal signal in the weekly timeframe. The Ichimoku: price is over the cloud in the weekly timeframe. We have also seen the formation of a Three white soldiers pattern in the weekly timeframe. The Resistance of channel is broken 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 0.5974 mark. • Short-term range appears to be Strong Bullish. • NZDUSD continues to remain above the 0.6100 levels. • Average true range ATR is indicating less market volatility. The next resistance is located at 0.6163 which is a 1-Month High. NZDUSD is now trading below its Pivot levels of 0.6141 and is moving into a Strong Bullish channel. The price of NZDUSD remains above its Classic support levels of 0.6131 and is now moving towards its next target of 0.6171 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 Link to comment Share on other sites More sharing options...
Resolve Posted August 22 Author Share Posted August 22 AUDUSD Technical Analysis – 22nd AUG, 2024 AUDUSD – Bearish Trend Reversal Pattern AUDUSD was unable to sustain its bullish momentum and after touching a high of 0.6760 the prices started to decline against the United States dollar in the European Trading session today. We can see the formation of a Bearish trend reversal: adaptative moving average 20 in the 2-hourly timeframe. The Support of channel is broken in the 1-hourly timeframe. We can see Ichimoku - Bearish crossover: Tenkan & Kijun in the 1-hourly timeframe. The prices of AUDUSD are ranging near resistance of triangle in the weekly timeframe. Some of the technical indicators are also giving a Bullish to Neutral stance which indicates the presence of the consolidation wave 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 0.6760 mark. • Short-term range appears to be Mild Bearish. • AUDUSD continues to remain above the 0.6700 levels. • Average true range ATR is indicating less market volatility. The next support is located at 0.6712 which is a Price 1 Standard Deviation Support. AUDUSD is now trading below its Pivot levels of 0.6731 and is moving into a Mild Bearish channel. The price of AUDUSD remains above its Classic support levels of 0.6715 and is moving towards its next target of 0.6699 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. For in-depth analysis, please check FXOpen Blog Link to comment Share on other sites More sharing options...
Resolve Posted August 22 Author Share Posted August 22 EURUSD Technical Analysis – 22nd AUG, 2024 EURUSD – Parabolic SAR Indicator Bearish Reversal EURUSD was unable to sustain its bullish momentum and after touching a high of 1.1173 the prices started to decline against the United States dollar today in the European trading session. The Parabolic SAR Indicator is giving a Bearish Reversal signal in the 2-hourly timeframe. We can see the formation of a Bearish price crossover with adaptative moving average 50 in the 1-hourly timeframe. The Resistance of channel is broken in both the daily and weekly timeframes. The MACD crosses DOWN its Moving Average in the 15-minutes timeframe which is indicative of the bearish trends. The RSI indicator is back under 50 in the 1-hourly timeframe. The prices of EURUSD are ranging near horizontal resistance in the daily timeframe. EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages. • Euro Bearish reversal seen below the 1.1173 mark. • Short-term range appears to be Mild Bearish. • EURUSD continues to remain above the 1.1100 levels. • Average true range ATR is indicating less market volatility. The next support is located at 1.1120 which is a 14 Day RSI at 70%. EURUSD is now trading near to its Pivot levels of 1.1138 and is moving into a Mild Bearish channel. The price of EURUSD remains above its Classic support levels of 1.1118 and is moving towards its next target of 1.1108 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 Link to comment Share on other sites More sharing options...
Resolve Posted August 22 Author Share Posted August 22 GBPUSD Technical Analysis – 22nd AUG, 2024 GBPUSD – Bearish Price Crossover Pattern GBPUSD was unable to continue its bullish momentum and after touching a high of 1.3127 the prices have started to decline against the United States dollar in the US Trading session. We can see Bearish price crossover with adaptative moving average 20 in the 15-minutes timeframe. The MACD crosses DOWN its Moving Average in the 30-minutes timeframe. The CCI indicator: bearish divergence is seen in the 30-minutes timeframe. We have also detected the MACD indicator: bearish divergence in the 30-minutes 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 markets. The prices of GBPUSD are ranging near resistance of channel in the weekly timeframe. GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average. • Pound Bearish reversal seen below the 1.3127 mark. • Short-term range appears to be Mild Bearish. • GBPUSD continues to remain above the 1.3075 levels. • Average true range ATR is indicating less market volatility. GBPUSD is now trading below its Pivot levels of 1.3113 and is moving into a Mild Bearish channel. The price of GBPUSD is above its Classic support levels of 1.3083 and is now moving towards its next target of 1.3089 at which the Price Crosses 18-40 Day Moving Average. We are also looking for the breach of the levels of 1.3088 which is a 14 Day RSI 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 Link to comment Share on other sites More sharing options...
Resolve Posted August 22 Author Share Posted August 22 NZDUSD Technical Analysis – 22nd AUG, 2024 NZDUSD – Bearish Trend Reversal Pattern NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6177 the prices started to decline against the United States dollar in the US Trading session today. We can see the formation of a Bearish trend reversal: adaptative moving average 100 in the 30-minutes timeframe. The SuperTrend indicator is giving a bearish reversal signal in the 30-minutes timeframe. The Support of channel is broken in the 1-hourly timeframe. The Parabolic SAR indicator is giving a bearish reversal signal in the 2-hourly timeframe. The Horizontal support is broken in the daily timeframe. The RSI indicator: bearish divergence is seen in the daily timeframe. NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages. • Kiwi Bearish reversal seen below the 0.6177 mark. • Short-term range appears to be Mild Bearish. • NZDUSD continues to remain above the 0.6100 levels. • Average true range ATR is indicating less market volatility. The next support is located at 0.6133 which is a Pivot Point 1st Support Point. NZDUSD is now trading below its Pivot levels of 0.6146 and is moving into a Mild Bearish channel. The price of NZDUSD remains above its Classic support levels of 0.6113 and is now moving towards its next target of 0.6112 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 Link to comment Share on other sites More sharing options...
Resolve Posted August 26 Author Share Posted August 26 AUDUSD Technical Analysis – 26th AUG, 2024 AUDUSD – Bullish Price Crossover Pattern AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6696 the prices started to correct upwards touching a high of 0.6797 in the European Trading session today. We can see the formation of a Bullish price crossover with adaptative moving average 50 in the 30-minutes timeframe. We have also seen Bullish price crossover with Moving Average 20 in the 1-hourly timeframe. The Resistance of channel is broken in the daily timeframe. We have also detected the presence of Moving Average bullish crossovers: AMA20 & AMA50. Some of the technical indicators are also giving a Bearish to Neutral stance which indicates the presence of the consolidation wave in the markets. AUDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages. • Aussie Bullish reversal above the 0.6696 mark. • Short-term range appears to be Strong Bullish. • AUDUSD continues to remain above the 0.6760 levels. • Average true range ATR is indicating high market volatility. The next resistance is located at 0.6798 which is a 1-Month High. AUDUSD is now trading above its Pivot levels of 0.6776 and is moving into a Strong Bullish channel. The price of AUDUSD remains above its Classic support levels of 0.6761 and is moving towards its next target of 0.6821 which is a 14 Day RSI 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 Link to comment Share on other sites More sharing options...
Resolve Posted August 26 Author Share Posted August 26 EURUSD Technical Analysis – 26th AUG, 2024 EURUSD – MACD crosses UP its Moving Average EURUSD was unable to continue its bearish momentum and after touching a low of 1.1097 the prices started to rise upwards touching a high of 1.1201 in the European Trading session today. The Parabolic SAR indicator is giving a bullish reversal signal in the 30-minutes timeframe. We can see the formation of a Bullish price crossover with adaptative moving average 20 in the 2-hourly timeframe. The Resistance of channel is broken in both the daily and weekly timeframes. The MACD crosses UP its Moving Average in the 15-minutes 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 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 1.1097 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 1.1201 which is a 1-Month High. EURUSD is now trading above its Pivot levels of 1.1157 and is moving into a Strong Bullish channel. The price of EURUSD remains above its Classic support levels of 1.1151 and is moving towards its next target of 1.1224 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 Link to comment Share on other sites More sharing options...
Resolve Posted August 26 Author Share Posted August 26 GBPUSD Technical Analysis – 26th AUG, 2024 GBPUSD – Parabolic SAR Indicator Bullish Reversal GBPUSD was unable to continue its bearish momentum and after touching a low of 1.3010 the prices started to rise upwards touching a high of 1.3229 in the European Trading session today. We can see Parabolic SAR Indicator Bullish Reversal signal in the 30-minutes timeframe. The Aroon indicator bullish trend is also visible in the 30-minutes timeframe. We can see the formation of Bullish price crossover with adaptative moving average 20 in the 1-hourly timeframe. We have also detected the Moving Average bullish crossovers: AMA20 & AMA50 in the 2-hourly 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 markets. The Resistance of channel is broken 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 1.3010 mark. • Short-term range appears to be Strong Bullish. • GBPUSD continues to remain above the 1.3175 levels. • Average true range ATR is indicating high market volatility. GBPUSD is now trading near to its Pivot levels of 1.3192 and is moving into a Strong Bullish channel. The price of GBPUSD is above its Classic support levels of 1.3181 and is now moving towards its next target of 1.3230 which is a 1-Month High. We are also looking for the breach of the levels of 1.3268 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 Link to comment Share on other sites More sharing options...
Resolve Posted August 26 Author Share Posted August 26 NZDUSD Technical Analysis – 26th AUG, 2024 NZDUSD – Bullish Engulfing Lines NZDUSD was unable to continue its bearish momentum and after touching a low of 0.6128 the prices have started to rise upwards touching a high of 0.6235 in the European Trading session today. We can see the formation of Bullish Engulfing Lines in the 4-hourly timeframe. The Resistance of channel is broken in the daily timeframe. We have seen Bullish trend reversal: adaptative moving average 100 in the weekly timeframe. The prices of NZDUSD are ranging Near support of channel in the 1-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. NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages. • Kiwi Bullish reversal seen above the 0.6128 mark. • Short-term range appears to be Strong Bullish. • NZDUSD continues to remain above the 0.6200 levels. • Average true range ATR is indicating high market volatility. The next resistance is located at 0.6236 which is a 14 Day RSI at 70%. NZDUSD is now trading near to its Pivot levels of 0.6210 and is moving into a Strong Bullish channel. The price of NZDUSD remains above its Classic support levels of 0.6195 and is now moving towards its next target of 0.6269 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 Link to comment Share on other sites More sharing options...
Resolve Posted August 27 Author Share Posted August 27 AUDUSD Technical Analysis – 27th AUG, 2024 AUDUSD – MACD crosses UP its Moving Average AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6761 the prices started to correct upwards touching a high of 0.6790 in the European Trading session today. The MACD crosses UP its Moving Average in the 30-minutes timeframe. The Ichimoku: price is over the cloud in the 30-minutes timeframe. The Resistance of channel is broken in the 1-hourly timeframe. The price of AUDUSD is back over the pivot point in the 4-hourly timeframe. We can also see the formation of a Bullish trend reversal: adaptative moving average 100 in the weekly timeframe. AUDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages. • Aussie Bullish reversal above the 0.6761 mark. • Short-term range appears to be Bullish. • AUDUSD continues to remain above the 0.6780 levels. • Average true range ATR is indicating less market volatility. The next resistance is located at 0.6798 which is a 1-Month High. AUDUSD is now trading near to its Pivot levels of 0.6782 and is moving into a Bullish channel. The price of AUDUSD remains above its Classic support levels of 0.6774 and is moving towards its next target of 0.6808 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 Link to comment Share on other sites More sharing options...
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