Daily Market Analytics - Forex

[FXOpen Trader]

USDCAD Technical Analysis – 19th FEB, 2025
USDCAD – Resistance of Channel is Broken

USDCAD was unable to continue its bearish momentum and after touching a low of 1.4175 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The Resistance of channel is broken in the 15-minutes timeframe.
We can see Bullish price crossover with Moving Average 20 present in the 15-minutes timeframe.
Also, we see Bullish price crossover with adaptative moving average 20 in the 15-minutes timeframe.
As we can see the Resistance of channel is broken in the 1-hourly timeframe.
We have detected Bullish trend reversal: Moving Average 100 in the 1-hourly timeframe. Also, the Previous candle closed over Bollinger bands in the 2-hourly timeframe.
The prices of USDCAD are ranging Near a new HIGH record (1 year) in the weekly timeframe.
USDCAD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Kiwi Bullish reversal seen above the 1.4175 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.4230 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.4261 which is a Pivot Point 1st Resistance Point.
USDCAD is now trading near to its Pivot levels of 1.4240 and is moving into a Bullish channel.
The price of USDCAD remains near its Classic support levels of 1.4231 and is now moving towards its next target of 1.4282 which is a Price 3 Standard Deviations Resistance.

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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

 

[FXOpen Trader]

USDCHF Technical Analysis – 19th FEB, 2025
USDCHF – Resistance of Channel is Broken

USDCHF was unable to continue its bearish momentum and after touching a low of 0.9023 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The Resistance of channel is broken in the 1-hourly timeframe.
We can see Bullish trend reversal: Moving Average 100 formation in the 4-hourly timeframe.
The prices of USDCHF are ranging Near support of triangle in the weekly timeframe.
We can see that the Price is back over the pivot point in the weekly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets indicating the presence of the Consolidation wave in the markets.
USDCHF is now ranging Near a new HIGH record (1 year) in the weekly timeframe.
USDCHF is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• USDCHF Bullish reversal seen above the 0.9023 mark.
• Short-term range appears to be Bullish.
• USDCHF continues to remain above the 0.9030 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.9059 which is a Pivot Point 1st Resistance Point.
USDCHF is now trading near to its Pivot levels of 0.9045 and is moving into a Bullish channel.
The price of USDCHF remains near its Classic support levels of 0.9038 and is now moving towards its next target of 0.9072 which is a 3-10-16 Day MACD Moving Average Stalls.

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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

 

[FXOpen Trader]

USDJPY Technical Analysis – 19th FEB, 2025
USDJPY – Support of Channel is Broken

USDJPY was unable to continue its bullish momentum and after touching a high of 151.83 the prices started to decline against the United States Dollar today in the US Trading session.
The Support of channel is broken in the 15-minutes timeframe. Also, the Horizontal support is broken in the 15-minutes timeframe.
We have seen Parabolic SAR indicator bearish reversal in the 15-minutes timeframe.
We have also seen that the Bearish harami is present in the 30-minutes timeframe.
The Support of channel is broken in the 1-hourly timeframe.
The RSI indicator is oversold: under 30 indicating a Neutral market in the 1-hourly timeframe.
We have also detected the Bearish harami present in the 1-hourly timeframe.
USDJPY is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Yen Bearish reversal seen below the 151.83 mark.
• Short-term range appears to be Bearish.
• USDJPY continues to remain above the 150.30 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 150.37 which is a Price 3 Standard Deviations Support.
USDJPY is now trading near to its Pivot levels of 150.52 and is moving into a Bearish channel.
The price of USDJPY remains near its Classic support levels of 150.29 and is now moving towards its next target of 149.98 which is a Pivot Point 3rd Support Point.

#fxopen

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

 

[FXOpen Trader]

AUDUSD Technical Analysis – 21st FEB, 2025
AUDUSD – Support of Channel is Broken

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6408 the prices have started to decline against the United States Dollar today in the Asian trading session.
The Support of channel is broken in the 15-minutes timeframe. We can see Bearish price crossover with Moving Average 20 in the 15-minutes timeframe.
We have also detected Bearish price crossover with adaptative moving average 20 in the 15-minutes timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance indicating the presence of the Consolidation wave in the markets.
The prices are Near resistance of triangle in the 1-hourly timeframe.
We can see Bearish price crossover with adaptative moving average 100 present in the daily timeframe.
The CCI indicator: bearish divergence is visible in the daily timeframe.
We do see prices are Near a new LOW record (1 year) in the weekly timeframe.
AUDUSD is now trading above its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6408 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6380 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6358 which is a Price 3 Standard Deviations Support.
AUDUSD is now trading near to its Pivot levels of 0.6385 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6376 and is moving towards its next target of 0.6337 at which the Price Crosses 9 Day Moving Average.

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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

 

[FXOpen Trader]

EURCHF Technical Analysis – 21st FEB, 2025
EURCHF – Near Horizontal Support

EURCHF was unable to continue its Bearish momentum and after touching a low of 0.9418 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The prices are ranging Near Horizontal Support in the 15-minutes timeframe. We have also detected the formation of Doji in the 15-minutes timeframe.
We can see Pivot points: price is under support 1 in the 30-minutes timeframe.
Some of the technical indicators are also giving a Bearish to Neutral signal indicating the presence of the consolidation wave in the markets.
We can see that the prices of EURUCHF are ranging Near horizontal support in the 1-hourly timeframe.
We can see Pivot points: price is under support 1 in the 2-hourly timeframe. We have seen Bullish opening of the markets this week.
The prices of EURCHF are now ranging Near a new HIGH record (1st January) in the weekly timeframe.
EURCHF is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• EURCHF Bullish reversal seen above the 0.9418 mark.
• Short-term range appears to be Bullish.
• EURCHF continues to remain above the 0.9400 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.9440 which is a Pivot Point 1st Resistance Point.
EURCHF is now trading near to its Pivot levels of 0.9409 and is moving into a Bullish channel.
The price of EURCHF remains above its Classic support levels of 0.9401 and is moving towards its next target of 0.9447 at which the Price Crosses 9 Day Moving Average.

#fxopen

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

 

[FXOpen Trader]

EURJPY Technical Analysis – 21st FEB, 2025
EURJPY – Near Horizontal Support

EURJPY was unable to continue its Bearish momentum and after touching a low of 156.86 the prices started to correct upwards against the United States Dollar today in the US Trading session.
The prices are Near Horizontal Support in the 15-minutes timeframe.
We have seen the formation of Doji in the 1-hourly timeframe.
We see Moving Average bullish crossovers: MA50 & MA100 in the 4-hourly timeframe.
We see that the Price is back over the pivot point in the daily timeframe. Also, we see CCI indicator: bullish divergence is present in the daily timeframe.
We see that some of the technical indicators are giving a Bearish to Neutral stance indicating the presence of the Consolidation wave in the markets.
The prices are ranging Near a new HIGH record (1st January) in the weekly timeframe.
EURJPY is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• EURJPY Bullish reversal seen above the 156.86 mark.
• Short-term range appears to be Bullish.
• EURJPY continues to remain above the 157.20 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 157.90 which is a Pivot Point 1st Resistance Point.
EURJPY is now trading near to its Pivot levels of 157.46 and is moving into a Bullish channel.
The price of EURJPY remains above its Classic support levels of 157.08 and is moving towards its next target of 158.51 which is a 14-3 Day Raw Stochastic at 50%.

#fxopen

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