Daily Market Analytics - Forex

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

GBPUSD Technical Analysis - 09th JULY, 2024

GBPUSD - Bearish Harami Cross

 
GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2844 on 8th July the prices have started to decline against the United States dollar.

We can see the formation of Bearish Harami Cross pattern in the weekly timeframe.
The prices of GBPUSD are also ranging near a new low record of 1 months which is also bearish in nature.
The RSI indicator is giving a bearish divergence signal in the weekly timeframe.
The prices of GBPUSD are ranging near the resistance of the channel in the weekly timeframe, and near the horizontal resistance in the 15-minutes timeframe.

GBPUSD is now trading above its 100-hour SMA and above its 200-hour SMA simple moving average.
-   Pound Bearish Reversal seen below the 1.2844 mark.
-   Short-term range appears to be Mild Bearish.
-   GBPUSD continues to remain above the 1.2800 levels.
-   Average true range ATR is indicating less market volatility.


GBPUSD is now trading just near to its Pivot levels of 1.2809 and is moving into a Mild Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2799 levels which is a 14-3 Day Raw Stochastic at 80%.
We are also looking for the breach of the levels of 1.2785 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

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