Daily Market Analysis By FXOpen

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EURUSD Technical Analysis – 19th SEP, 2024
EURUSD – Bullish Price Crossover Pattern

EURUSD was unable to continue its bearish momentum and after touching a low of 1.1067 the prices started to correct upwards against the United States Dollar today in the European Trading session.
We have seen Bullish price crossover with Moving Average 100 in the 15-minutes timeframe.
We can see Bullish price crossover with adaptative moving average 100 in the 15-minutes timeframe.
The price of EURUSD is back over the pivot point in the 15-minutes timeframe.

We can see the formation of Bullish price crossover with Moving Average 100 in the 30-minutes timeframe.
The RSI indicator is back over 50 in the 1-hourly timeframe.
The Ichimoku: price is over the cloud in the 1-hourly timeframe.
We have also seen Moving Average bullish crossovers: MA50 & MA100 in the 4-hourly timeframe.

The Resistance of channel is broken in the daily timeframe.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.1067 mark.
• Short-term range appears to be Mild Bullish.
• EURUSD continues to remain above the 1.1120 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.1132 which is a 14-3 Day Raw Stochastic at 70%.
EURUSD is now trading near to its Pivot levels of 1.1137 and is moving into a Mild Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.1115 and is moving towards its next target of 1.1151 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

 

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GBPUSD Technical Analysis – 19th SEP, 2024
GBPUSD – Bullish Price Crossover Pattern

GBPUSD was unable to continue its bearish momentum and after touching a low of 1.3152 the prices started to rise upwards against the United States Dollar today in the European Trading session.
We can see Bullish price crossover with adaptative moving average 50 in the 15-minutes timeframe.
We can see Bullish price crossover with Moving Average 20 in the 30-minutes timeframe.
The RSI indicator is back over 50 in the 30-minutes timeframe.

The Resistance of channel is broken in the 1-hourly timeframe.
We have seen Bullish trend reversal: Moving Average 100 in the 4-hourly timeframe.
We can see the Horizontal resistance is broken in the daily timeframe.
The prices of GBPUSD are back over the pivot point in the daily timeframe.
We can see the formation of Bullish engulfing lines in the weekly timeframe.

GBPUSD prices are hovering New HIGH record (1 year) 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 1.3152 mark.
• Short-term range appears to be Strong Bullish.
• GBPUSD continues to remain above the 1.3220 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading below its Pivot levels of 1.3257 and is moving into a Strong Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.3206 and is now moving towards its next target of 1.3238 which is a 14-3 Day Raw Stochastic at 80%.
We are also looking for the breach of the levels of 1.3261 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

 

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NZDUSD Technical Analysis – 19th SEP, 2024
NZDUSD – Resistance of Channel is Broken

NZDUSD was unable to continue its bearish momentum and after touching a low of 0.6180 the prices started to rise upwards against the United States Dollar today in the European Trading session.
The Resistance of channel is broken in the 1-hourly timeframe.
The Price is back over the pivot point in the daily timeframe.
We can see that the Momentum indicator is back over zero in the daily timeframe.

We have also seen the formation of a Bullish price crossover with adaptative moving average 100 in the weekly timeframe.
We can see the formation of a White morning star in the weekly timeframe which indicates the bullish nature of the markets.
We have also seen a Bullish opening of the markets this week.
We can see that the NZDUSD is hovering Near a new HIGH record (1 year) 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 0.6180 mark.
• Short-term range appears to be Strong Bullish.
• NZDUSD continues to remain above the 0.6220 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.6236 which is a 3-10 Day Moving Average Crossover Stalls.
NZDUSD is now trading below its Pivot levels of 0.6237 and is moving into a Strong Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.6213 and is now moving towards its next target of 0.6241 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