AUDUSD Technical Analysis – 11th JUNE, 2024

AUDUSD – Near Resistance of Triangle

AUDUSD continues its bearish momentum from last week after failing to clear the resistance levels located at 0.6620 as we can see a continuous decline in its levels today in the European Trading session.
The prices of NZDUSD are ranging near the resistance of triangle in the weekly timeframe which indicates the bearish trends present in the markets.
The prices are back under the Pivot point in both the 4-hourly and daily timeframe indicating the bearish tendencies.

We can see the formation of Bearish price crossover pattern with the Adaptive Moving Average AMA20 in the 2-hourly timeframe.
The MACD crosses DOWN its Moving Average in the 1-hourly timeframe indicating the Bearish Trends.
The Momentum indicator is back under Zero in the 30-minutes timeframe.

AUDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•    AUDUSD Bearish Continuation seen Below the 0.6612 mark.
•    Short-term range appears to be Mild Bearish.
•    AUDUSD continues to remain Below the 0.6600 levels.
•    Average true range ATR is indicating less market volatility.

The next Support is located at 0.6585 which is a 50% Retracement From 52 Week High/Low.
AUDUSD is now trading below its Pivot levels of 0.6597 and is moving into a Mild bearish channel.

The price of AUDUSD remains below its Classic resistance levels of 0.6601 and is moving towards its next target of 0.6579 which is a 38.2% Retracement From 13 Week High.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis – 14th JUNE, 2024

EURUSD – Moving Average Bearish Crossover pattern

EURUSD was unable to sustain its bullish rebound from the lower levels and after touching a high of 1.0850 the prices started to decline against the United States Dollar.
We can see the formation of Moving Average Bearish Crossover pattern with the Moving Average MA20 and MA50 in the 2-hourly timeframe.
The Support of the channel is broken in the daily timeframe indicating the bearish tendencies.
The Super Trend indicator is also giving a bearish reversal signal in the daily timeframe.
The RSI indicator and Pivot points are giving a Neutral stance in the 30-minutes timeframe.

The prices of EURUSD are ranging near the horizontal resistance in the 15-minutes timeframe.
Some of the technical indicators are also giving a neutral stance which means that the prices are expected to enter into a consolidation zone.

EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•    Euro Bearish Reversal seen Below the 1.0850 mark.
•    Short-term range appears to be Mildly Bearish.
•    EURUSD continues to remain below the 1.0700 levels.
•    Average true range ATR is indicating high market volatility.

The next support is located at 1.0689 which is a Price 3 Standard Deviations Support.
EURUSD is now trading below its Pivot levels of 1.0697 and is moving into a Mild Bearish channel.

The price of EURUSD remains above its Classic support levels of 1.0683 and is moving towards its next target of 1.0676 which is a 3-10 Day MACD Oscillator 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 – 14th JUNE, 2024

AUDUSD – Bearish Price Crossover

AUDUSD was unable to sustain its bullish rebound and after touching a high of 0.6704, we can see a continuous decline in its levels today in the European Trading session.
The prices of AUDUSD are ranging near the resistance of channel in the 15-minutes timeframe which indicates the bearish trends present in the markets.
The support of the channel is broken in the 1-hourly timeframe.

We can see the formation of Bearish price crossover pattern with the Adaptive Moving Average AMA20 in the daily timeframe.
The Aroon indicator is giving a bearish trend formation in the 4-hourly timeframe.
The Momentum indicator is back under Zero in the 4-hourly timeframe.

AUDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•    AUDUSD Bearish Reversal seen Below the 0.6704 mark.
•    Short-term range appears to be Mild Bearish.
•    AUDUSD continues to remain Below the 0.6610 levels.
•    Average true range ATR is indicating high market volatility.

The next Support is located at 0.6596 which is a Pivot Point 2nd Support Point.
AUDUSD is now trading below its Pivot levels of 0.6609 and is moving into a Mild bearish channel.

The price of AUDUSD remains below its Classic resistance levels of 0.6617 and is moving towards its next target of 0.6585 which is a 50% Retracement From 52 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

EURUSD Technical Analysis – 17th JUNE, 2024

EURUSD – Bullish Trend Reversal

EURUSD touched a low of 1.0667 after which we can see some correction in the markets which managed to pull back the prices of Euro above the 1.0700 levels.
We can see the formation of Bullish Trend Reversal pattern with the Adaptive Moving Average AMA100 in the 15-minutes timeframe.
The Aroon Indicator is giving bullish trend signal in the 2-hourly timeframe.
The prices of EURUSD are ranging back over the pivot point in the 4-hourly timeframe.

The RSI indicator is also giving bullish divergence signal in the 4-hourly timeframe.
The horizontal resistance of the channel is broken in the weekly timeframe which is indicative of the bullish pressure present in the markets.

EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•    Euro Bullish Reversal seen above the 1.0667 mark.
•    Short-term range appears to be Mildly Bullish.
•    EURUSD continues to remain above the 1.0700 levels.
•    Average true range ATR is indicating high market volatility.

The next resistance is located at 1.0731 which is a 38.2% Retracement From 13 Week Low.
EURUSD is now trading above its Pivot levels of 1.0709 and is moving into a Mild Bullish channel.

The price of EURUSD remains above its Classic support levels of 1.0704 and is moving towards its next target of 1.0732 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 – 17th JUNE, 2024

NZDUSD – Bullish Trend Reversal

NZDUSD continued its decline towards the 0.6108 levels after which we can see some rebound in its prices in the European Trading session.
We can see the formation of Bullish Trend reversal with Moving Average MA20 in the weekly timeframe.
The prices of NZDUSD are ranging near the support of the triangle in the monthly timeframe which indicates the bullish rebound.
The RSI indicator is giving a bullish divergence signal in the 1-hourly timeframe.

The prices of NZDUSD are ranging near a new record high of 1 -months and 1-year which also indicates the presence of the bullish trends in the markets.
NZDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.

•    NZDUSD Bullish rebound seen above the 0.6108 mark.
•    Short-term range appears to be Mild 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 0.6120 which is a 3-10 Day MACD Oscillator Stalls.
NZDUSD is now trading below its Pivot levels of 0.6115 and is moving into a Mild bullish channel.

The price of NZDUSD remains above its Classic support levels of 0.6090 and is moving towards its next target of 0.6128 which is a 14-3 Day Raw Stochastic at 30%.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis – 20th JUNE, 2024

EURUSD – Bearish Trend Reversal

EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0748 the prices started to decline against the United States Dollar.
We can see the formation of Bearish Trend Reversal pattern with the Adaptive Moving Average AMA20 in the 4-hourly timeframe.
The prices of EURUSD are ranging near the resistance of the channel in the monthly timeframe.
The Ichimoku price is under the cloud in the daily timeframe which also indicates the bearish tendencies present in the markets.

We can also see the formation of the Ichimoku Bearish crossover Tenkan and Kijun in the 1-hourly timeframe.

EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages.
•    Euro Bearish Reversal seen below the 1.0748 mark.
•    Short-term range appears to be Mildly Bearish.
•    EURUSD continues to remain above the 1.0700 levels.
•    Average true range ATR is indicating less market volatility.

The next support is located at 1.0705 which is a Price 2 Standard Deviations Support.
EURUSD is now trading below its Pivot levels of 1.0728 and is moving into a Mild Bearish channel.

The price of EURUSD remains above its Classic support levels of 1.0706 and is moving towards its next target of 1.0699 which is a Pivot Point 3rd 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 – 01st JULY, 2024

EURUSD – Parabolic SAR Bullish Reversal

EURUSD was unable to sustain its bearish momentum and after touching a low of 1.0705 the prices started to bounce upwards touching a high of 1.0755 against the United States Dollar.
The Parabolic SAR indicator is giving a bullish reversal signal in the daily timeframe.
The momentum indicator is back over zero indicating the bullish trends.

The Arron indicator is also giving bullish trend signal in the weekly timeframe.
We can also see the formation of Upside Gap in the daily timeframe which suggest the Bullish nature of the markets.

EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.
•    Euro Bullish Reversal seen above the 1.0705 mark.
•    Short-term range appears to be Mildly Bullish.
•    EURUSD continues to remain above the 1.0700 levels.
•    Average true range ATR is indicating less market volatility.

The next resistance is located at 1.0769 at which the Price Crosses 40 Day Moving Average Stalls.
EURUSD is now trading below its Pivot levels of 1.0763 and is moving into a Mild Bullish channel.

The price of EURUSD remains above its Classic support levels of 1.0740 and is moving towards its next target of 1.0791 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

EURUSD Technical Analysis – 09th JULY, 2024

EURUSD – Bearish Price Crossover

EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0844 the prices have started to decline touching a low of 1.0818 today in the Asian trading session.

We can see the formation of Bearish price crossover pattern with the Adaptive Moving average AMA20 and AMA50 in the 15-minutes timeframe.
The Parabolic SAR indicator is also giving a bearish reversal signal in the 15-minutes timeframe.
The RSI indicator is back under 50 in the 30-minutes timeframe.
We can also see that the price is back under the pivot point in the 1-hourly timeframe.

EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.
•    Euro Bearish Reversal seen below the 1.0844 mark.
•    Short-term range appears to be Mildly Bearish.
•    EURUSD continues to remain above the 1.0800 levels.
•    Average true range ATR is indicating less market volatility.

The next support is located at 1.0802 which is a Pivot Point 1st Support Point.
EURUSD is now trading below its Pivot levels of 1.0829 and is moving into a Mild Bearish channel.

The price of EURUSD remains above its Classic support levels of 1.0822 and is moving towards its next target of 1.0809 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 – 11th JULY, 2024

EURUSD – Bullish Trend Reversal

EURUSD was unable to sustain its bearish momentum and after touching a low of 1.0813 on 10th July the prices have stabilized and we can see a resumption of the Uptrend in the markets.
We can see the formation of Bullish Trend reversal pattern with the Adaptive Moving average AMA50 and AMA100 in the weekly timeframe.
The resistance of the channel is broken in the daily timeframe which is indicative of the bullish trend present in the markets.
The RSI indicator is back over 50 in the 15-minutes timeframe.

Some of the technical indicators are also giving a neutral tone which indicates the presence of the consolidation wave in the markets.
We have also seen the prices of EURUSD ranging near a new high record in the weekly timeframe.

EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.
•    Euro Bullish Reversal seen above the 1.0814 mark.
•    Short-term range appears to be Mildly Bullish.
•    EURUSD continues to remain above the 1.0820 levels.
•    Average true range ATR is indicating less market volatility.

The next resistance is located at 1.0843 which is a Pivot Point 2nd Level Resistance.
EURUSD is now trading below just near to its Pivot levels of 1.0836 and is moving into a Mild Bullish channel.

The price of EURUSD remains above its Classic support levels of 1.0831 and is moving towards its next target of 1.0862 which is a 50% Retracement From 52 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

EURUSD Technical Analysis – 16th JULY, 2024

EURUSD – Bearish Price Crossover

EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0921 the prices started to decline against the United States dollar.
We can see the formation of Bearish price crossover pattern with Adaptive Moving average AMA20 in the 4-hourly timeframe.
The Parabolic SAR indicator is giving a bearish reversal signal in the 4-hourly timeframe.

The support of the channel is broken in the 15-minutes timeframe.
The Momentum indicator is also back under zero in the 4-hourly timeframe indicating the bearish nature of the market.
We have also seen the prices of EURUSD ranging near a new low record of 1-month.

EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.
•    Euro Bearish Reversal seen below the 1.0921 mark.
•    Short-term range appears to be Mildly Bearish.
•    EURUSD continues to remain above the 1.0880 levels.
•    Average true range ATR is indicating less market volatility.

The next support resistance is located at 1.0876 which is a Pivot Point 1st Support Point.
EURUSD is now trading below just near to its Pivot levels of 1.0889 and is moving into a Mild Bearish channel.

The price of EURUSD remains above its Classic support levels of 1.0878 and is moving towards its next target of 1.0871 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