Daily Market Analytics - Forex

EURUSD Technical Analysis  20th FEB, 2024

EURUSD ? MACD Crosses UP its Moving Average


EURUSD started moving today in a consolidation channel after which we can see some bullish moves towards the 1.0800 handle.
The MACD crosses UP its Moving average in both the 2-hourly and 4-hourly timeframes.

We can see the formation of Bullish engulfing lines in the 15-minutes timeframe.
We can see the formation of a bullish price crossover pattern with both the MA20 and MA100 in the daily timeframe.

The prices of Euro are ranging near the support of triangle and channel in the Tick trader terminal at present market levels of 1.0798.
EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.

• Euro bullish reversal seen above the 1.0762 mark.
• Short-term range appears to be Mild Bullish.
• EURUSD continues to remain above the 1.0780 levels.
• Average true range ATR is indicating high market volatility.

The next resistance is located at 1.0836 which is a 14-3 Day Raw Stochastic at 70%.
EURUSD is now trading just above its Pivot levels of 1.080 and is moving into a Mild Bullish Channel. The price of EURUSD has already crossed its Classic resistance levels of 1.0796 and is moving towards its next target of 1.0836.

Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading.

For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis - 21st FEB, 2024

EURUSD  Bullish Trend Reversal


EURUSD was moving in a bullish momentum yesterday and touched a high of 1.0838 after which we can see a downwards pressure coming into the markets which brought down the prices of Euro towards a low of 1.0789.
Today we can see the formation of Bullish Trend Reversal pattern with MA20 in the 30-minutes timeframe.

The Momentum indicator is back over zero in the 2-hourly timeframe indicating the bullish tone present in the markets.
The prices of EURUSD are ranging near the support of the triangle and channel in the weekly timeframe.

In the short term we are now looking at some market consolidation after which the prices will start moving upwards with immediate targets of 1.0836 which is a 14-3 Day Raw Stochastic at 70%.
EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.

• Euro bullish reversal seen above the 1.0789 mark.
• Short-term range appears to be Mild Bullish.
• EURUSD continues to remain above the 1.0780 levels.
• Average true range ATR is indicating high market volatility.

The next resistance is located at 1.0818 which is a 3-10 Day MACD Oscillator Stalls.
EURUSD is now trading below its Pivot levels of 1.0810 and is moving into a Mild Bullish Channel. The price of EURUSD remains above its Classic support levels of 1.0803 and is moving towards its next target of 1.0836.

Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading.

For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis  22nd FEB, 2024

EURUSD  Resistance of Channel is Broken


EURUSD had strong bullish momentum today and managed to touch a high of 1.0885 after which we saw downwards retracement towards a low of 1.0802 levels.
We can see that the prices of Euro have now entered into a consolidation channel after which we will be able to see some fresh upside moves.

The resistance of the channel is broken in the daily timeframe.
The Momentum indicator is back over zero in the 4-hourly timeframe indicating the bullish tone present in the markets with immediate targets of 1.0857.

The prices of EURUSD are ranging near the support of the triangle and channel in the weekly timeframe.
In the short term we are now looking at some market consolidation after which the prices will start moving upwards with immediate targets of 1.0857 which is a 14-3 Day Raw Stochastic at 80%.

EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.

• Euro bullish reversal seen above the 1.0802 mark.
• Short-term range appears to be Mild Bullish.
• EURUSD continues to remain above the 1.0800 levels.
• Average true range ATR is indicating high market volatility.

The next resistance is located at 1.0841 which is a 38.2% Retracement From 4 Week High.
EURUSD is now trading below its Pivot levels of 1.0822 and is moving into a Mild Bullish Channel. The price of EURUSD remains above its Classic support levels of 1.0819 and is moving towards its next target of 1.0857.

Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading.

For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis ? 26th FEB, 2024

EURUSD ? Bullish Trend Reversal


EURUSD started this week moving into a consolidation channel after which we can see a breakout in the form of a bullish momentum touching a high of 1.0859 today in the US Trading session.
We are now looking for some market consolidation as the prices have corrected lower, after which a fresh upside wave is expected towards the 1.0917 which is a 50% Retracement From 13 Week High/Low.

We have seen a Bullish opening of the markets this week.
The Momentum indicator is back over zero in the weekly timeframe indicating the bullish tone present in the markets with immediate targets of 1.0917.

The prices of EURUSD are ranging near the support of the triangle and channel in the weekly timeframe.
In the short term we are now looking at some market consolidation after which the prices will start moving upwards with immediate targets of 1.0897 which is a 1 Months high.

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 Neutral.
• EURUSD continues to remain above the 1.0830 levels.
• Average true range ATR is indicating high market volatility.

The next resistance is located at 1.0917 which is a 50% Retracement From 13 Week High/Low.
EURUSD is now trading below its Pivot levels of 1.0848 and is moving into a Mild Bullish Channel. The price of EURUSD remains above its Classic support levels of 1.0840 and is moving towards its next target of 1.0897.

Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading.

For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis ? 11th MAR, 2024

EURUSD ? Bullish Trend Reversal


EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0980 on 8th March we saw downwards retracement towards the lows of 1.0914 seen today in the US trading session.
We can see that the prices of Euro have now stabilized and are looking to enter into a consolidation zone after which we can see some upwards recovery.
We can see the formation of Bullish Trend reversal pattern in both the 15-minutes and weekly timeframes.
The MACD crosses UP its Moving Average in the weekly timeframe.

The prices of EURUSD are ranging near the support of the triangle in the weekly timeframe indicating the bullish nature of the markets.
In the short term we are now looking at some market consolidation after which the prices will start moving upwards with immediate targets of 1.0959 which is a 61.8% Retracement from the 52 Week Low.

EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.

• Euro bullish reversal seen above the 1.0870 mark.
• Short-term range appears to be Neutral.
• EURUSD continues to remain above the 1.0900 levels.
• Average true range ATR is indicating high market volatility.

The next resistance is located at 1.0969 which is a 38.2% Retracement From 13 Week High.
EURUSD is now trading below its Pivot levels of 1.0923 and is moving into a Consolidation channel. The price of EURUSD remains above its Classic support levels of 1.0917 and is moving towards its next target of 1.0959.

Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading.

For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis ? 12th MAR, 2024

EURUSD ? Bullish Price Crossover


EURUSD continues to move into a consolidation channel having touched a high of 1.0938 after which we can see some minor correction downwards towards a low of 1.0921 levels.
The prices of EURUSD are looking to enter into a bullish channel with the formation of Bullish price crossover pattern in both the 15-minutes and 1-hourly timeframes.
We can see the formation of Parabolic SAR indicator bullish reversal pattern in the 30-minutes timeframe.
The MACD crosses UP its Moving Average in the 15-minutes timeframe.

We have also seen the formation of Bullish Harami pattern in the daily timeframe.
In the short term we are now looking at some market consolidation after which the prices will start moving upwards with immediate targets of 1.0969 which is a 38.2% Retracement From 13 Week High.

EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.

• Euro bullish reversal seen above the 1.0915 mark.
• Short-term range appears to be Neutral.
• EURUSD continues to remain above the 1.0900 levels.
• Average true range ATR is indicating less market volatility.

The next resistance is located at 1.0969 which is a 38.2% Retracement From 13 Week High.
EURUSD is now trading below its Pivot levels of 1.0931 and is moving into a Consolidation channel. The price of EURUSD remains above its Classic support levels of 1.0928 and is moving towards its next target of 1.0969.

Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading.

For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis ? 13th MAR, 2024

EURUSD ? Resistance of Channel is Broken


 EURUSD continued its bullish momentum today after the consolidation phase and managed to touch a high of 1.0963 in the US trading session after which we can see some consolidation coming into the markets.
We are now looking to re-enter the bullish zone after the current wave of consolidation gets over and touch the 1-months high of 1.0980 soon.
We can see that the resistance of the channel is broken in the 1-hourly timeframe indicating a bullish tone present in the markets.

The Aroon indicator is giving a bullish trend signal in the 4-hourly timeframe.
Some of the technical indicators are also giving a neutral tone indicating the presence of the consolidation wave at present in the markets.
In the short term we are now looking at some market consolidation after which the prices will start moving upwards with immediate targets of 1.0980 which is a 1-months high.

EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.

• Euro bullish reversal seen above the 1.0920 mark.
• Short-term range appears to be Neutral.
• EURUSD continues to remain above the 1.0950 levels.
• Average true range ATR is indicating high market volatility.

The next resistance is located at 1.0975 which is a Price 3 Standard Deviations Resistance.
EURUSD is now trading below its Pivot levels of 1.0957 and is moving into a Consolidation channel. The price of EURUSD remains above its Classic support levels of 1.0942 and is moving towards its next target of 1.0980.

Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading.

For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis ? 20th MAR, 2024

EURUSD ? Bullish Trend Reversal


EURUSD started this week on a bearish note touching a low of 1.0834 on 19th March after which we can see that the prices have entered into a consolidation channel.
Today we saw that the prices of EURUSD were able to manage a breakout and we saw the emergence of a bullish momentum with a continuous uptick in the prices of EURUSD.
We can see the formation of Bullish Trend Reversal pattern with the Adaptive Moving Average AMA20, AMA50 and AMA100 in the 4-hourly timeframe.

The MACD indicator is back over zero in the 2-hourly timeframe indicating a bullish tone present in the markets.
Most of the technical indicators are giving a bullish tone with further upsides located at 1.0943 which is a 14-3 Day Raw Stochastic at 80%.
In the short term we are now looking at some market consolidation after which the prices will start moving upwards with immediate targets of 1.0948 at which the Price Crosses 9 Day Moving Average Stalls.

EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.

• Euro bullish reversal seen above the 1.0936 mark.
• Short-term range appears to be Neutral.
• EURUSD continues to remain above the 1.0900 levels.
• Average true range ATR is indicating high market volatility.

The next resistance is located at 1.0943 which is a 14-3 Day Raw Stochastic at 80%.
EURUSD is now trading above its Pivot levels of 1.0915 and is moving into a Consolidation channel. The price of EURUSD remains above its Classic support levels of 1.0907 and is moving towards its next target of 1.0948.

Disclaimer: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. 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