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Marketplace => Marketplace & Bitcoin Services => Advertise Your Stuff => Topic started by: FXOpen Trader on February 06, 2024, 01:08:45 PM

Title: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 06, 2024, 01:08:45 PM
Daily Market Analytics - Forex

Dear Traders,

Here i will be posting the Daily Market Analytics in the Forex pairs listed below:


  • EURUSD
  • GBPUSD
  • AUDUSD
  • NZDUSD
  • USDCAD
  • USDCHF
  • USDJPY
  • EURJPY
  • GBPJPY
  • EURGBP



I am using the Candlestick patterns and Major Technical indicators for this analysis which will be posted -> pre London markets Open time.

Thanks
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 06, 2024, 01:12:06 PM
EURUSD Technical Analysis – 06th FEB, 2024

EURUSD – Resistance of the Channel is Broken
(https://i.imgur.com/I2dCUUO.png)
 
EURUSD has broken the resistance of the channel in the 1-hourly timeframe.  We can see the formation of an Uptrend with the immediate targets of 1.0770 today.
We can see the formation of Bullish price crossover pattern with adaptive moving average 100 in the 30-minutes timeframe.

The Momentum indicator is back over 0 indicating a Bullish trend.
Most of the moving averages are giving a bullish signal at the current market levels of 1.0744.

EURUSD is now trading below its both the 100-hour simple SMA and 200-hour exponential EMA moving averages.
•   Euro bullish reversal seen above the 1.0736 mark.
•   Short-term range appears to be mildly bullish.
•   EURUSD continues to remain above the 1.0730 levels.
•   Average true range ATR is indicating less market volatility.

EURUSD is now trading just below its Pivot levels of 1.0751 and is moving into a Mild Bullish Channel. The price of EURUSD is now testing its Classic resistance levels of 1.0749 after which the path towards 1.0770 will get cleared.

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 Newbie traders and they should know about the risks of Forex trading.

For in-depth analysis, please check FXOpen Blog (https://fxopen.com/blog/en/?utm_source=fxopenforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 09, 2024, 07:22:27 AM
AUDUSD Technical Analysis – 09th FEB, 2024

AUDUSD – Bullish Trend Reversal
(https://i.imgur.com/1gkPbTZ.png)
 
AUDUSD has resumed its Uptrend from its lows of 0.6468 on 05th Feb in the 1-hourly timeframe. The Adaptive Moving Averages AMA20 and AMA50 both are giving a Bullish trend reversal signal.
We can see that the prices are ranging near the support of the triangle in the weekly timeframe indicating the Bullish nature of the markets.

Most of the major technical indicators are giving a Strong Buy with immediate targets of 0.6530.
We have also seen the formation of Doji in both the 15-minutes and 30-minutes timeframe indicating a Neutral stance of the markets and the continuation of the consolidation phase.

AUDUSD is now trading below its both the 100-hour SMA simple moving average and 200-hour SMA simple moving average.

AUDUSD is now trading just below its Pivot levels of 0.6496 and is moving into a Mild Bullish Channel. The price of AUDUSD is near to its Classic resistance levels of 0.6496 and is inching closer towards the 0.6530 levels.

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 (https://fxopen.com/blog/en/?utm_source=altcoinstalksforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 09, 2024, 08:22:40 AM
EURUSD Technical Analysis – 09th FEB, 2024

EURUSD – Bullish Price Crossover Pattern
(https://i.imgur.com/L6H43t3.png)
 
EURUSD is moving in a mild bullish momentum after crossing the 1.0770 levels as the prices are ranging near the support of the channel in the 15-minutes timeframe.
We can also see that the MACD has crossed UP its moving average and Williams percent range indicator is back over -50 in the 15-minutes timeframe indicating the bullish nature of the markets.

We can see the formation of Bullish price crossover pattern with moving average 50 in the 1-hourly timeframe, with immediate targets of 1.0800.
The prices of EURUSD are ranging near the support of channel in the weekly timeframe.

Most of the moving averages are giving a bullish signal at the current market levels of 1.0776.
EURUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.


The next resistance is located at 1.0785 which is a 14-3 Day Raw Stochastic at 30%.
EURUSD is now trading just above its Pivot levels of 1.0771 and is moving into a Mild Bullish Channel. The price of EURUSD has already crossed its Classic resistance levels of 1.0768 and is moving towards its next target of 1.0800.

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 (https://fxopen.com/blog/en/?utm_source=altcoinstalksforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 12, 2024, 03:10:25 PM
EURUSD Technical Analysis – 12th FEB, 2024

EURUSD – CCI Indicator: Bullish Divergence
(https://i.imgur.com/TEnZcfg.png)
 
EURUSD continued its bullish momentum from last week and after crossing the 1.0800 handle we saw some decline towards the 1.0764 levels.
The prices of EURUSD continue to remain above the 1.0760 levels and have entered the consolidation phase.

We can see that the CCI Indicator is giving a Bullish Divergence signal in the 1-hourly timeframe.
Both the Moving Averages MA50 and MA100 are indicating a Bullish trend reversal at the current market levels of 1.0770.

The MACD crosses UP its Moving average in the 15-minutes timeframe and we are now expecting a fresh move towards the 1.0800 level.
The prices of EURUSD are ranging near the support of channel in the weekly timeframe.
EURUSD is now trading below its both 100-hour SMA and 200-hour SMA simple moving averages.


The next resistance is located at 1.0798 which is a Pivot Point 1st Resistance Point.
EURUSD is now looking to cross 1.0816 which is a 38.2% Retracement From 4 Week Low.

EURUSD is now trading just near its Pivot levels of 1.0769 and is moving into a Mild Bullish Channel. The price of EURUSD has already crossed its Classic resistance levels of 1.0764 and is moving towards its next target of 1.0800.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 12, 2024, 03:12:04 PM
GBPUSD Technical Analysis – 12th FEB, 2024

GBPUSD – Bullish Harami Cross Pattern
(https://i.imgur.com/PqfiEdu.png)
 
GBPUSD started the week on a Bullish tone touching a high of 1.2653, after which we saw some decline towards the 1.2606 levels.
We can see the formation of Bullish Harami Cross pattern in the 4-hourly timeframe.

The present price action supports the view that we can see some short-term declines but the prices will enter into a consolidation phase soon.
We can see Bullish trend reversal pattern in the 1-hourly timeframe. Since most of the technical indicators are Neutral at this moment, it will take some time before we can see the resumption of the bullish trend.

The prices of GBPUSD are ranging near support of channel in the weekly timeframe.
GBPUSD is now trading below its both the 100-hour SMA and 200-hour SMA simple moving average.


GBPUSD is now trading just below its Pivot levels of 1.2614 and is moving into a Mild Bearish Channel.
The price of GBPUSD is looking to cross its Classic resistance levels of 1.2610 after which we can see a bullish progression towards the 1.2650 handle again.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 13, 2024, 12:58:20 PM
GBPUSD Technical Analysis – 13th FEB, 2024

GBPUSD – Resistance of Channel is Broken
(https://i.imgur.com/qP8NBEo.png)
 
GBPUSD continues its bullish streak today after touching a bottom of 1.2608 in the early Asian trading session.
We can see that the resistance of the channel is broken in both the 15-minutes and 1-hourly time-frame.

We can see the formation of Moving Average bullish crossovers in both the AMA20 and AMA50.
We can see that the price of GBPUSD has already crossed 14-3 Day Raw Stochastic at 50% which is located at 1.2646.

Most of the Major technical indicators and Moving averages are giving a BUY signal at the current market levels of 1.2675.
The prices are expected to enter into a consolidation phase soon, and we may see some downwards price correction before the resumption of the Uptrend.

GBPUSD is now trading above its both the 100-hour SMA and 200-hour SMA simple moving average.

GBPUSD is now trading above its Pivot levels of 1.2664 and is moving into a Mild Bullish Channel.
The price of GBPUSD has already crossed its Classic resistance levels of 1.2658 and the next target is located at 1.2685 at which the Price Crosses 9 Day Moving Average Stalls.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 13, 2024, 12:59:47 PM
EURUSD Technical Analysis – 13th FEB, 2024

EURUSD – Parabolic SAR Bullish Reversal
(https://i.imgur.com/jhb8SDP.png)
 
EURUSD had some indecisive moves today where it touched a low of 1.0756, after which we can see the continuation of the Bullish trend.
We can see the formation of the Parabolic SAR Bullish reversal in the both the 30-minutes and 1-hourly timeframe.

Super Trend indicator is also giving a bullish reversal signal and now we are looking to touch 1.0800 levels.
Both the Moving Averages MA50 and MA100 are indicating a Bullish trend reversal at the current market levels of 1.0776.

The MACD indicator is giving a bullish divergence signal in the 4-hourly timeframe.
The prices of EURUSD are ranging near the support of channel in the daily timeframe.

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

The next resistance is located at 1.0890 which is a 14-3 Day Raw Stochastic at 80%.
EURUSD is now trading just near its Pivot levels of 1.0772 and is moving into a Mild Bullish Channel. The price of EURUSD has already crossed its Classic resistance levels of 1.0768 and is moving towards its next target of 1.0800.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 14, 2024, 06:49:12 PM
EURUSD Technical Analysis – 14th FEB, 2024

EURUSD – Bullish Price Crossover AMA50
(https://i.imgur.com/ArxURue.png)

EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0793 the prices started to decline rapidly touching a low of 1.0695 today in the European trading session.
We can see Bullish price crossover pattern with the Adaptive Moving Average AMA50 in the 1-hourly timeframe.

The prices of EURUSD are ranging near the support of the channel in the daily timeframe.
We can see a continuous recovery in the levels of Euro after the recent decline and the formation of a bullish channel, with immediate targets of 1.0750.

We can see the formation of the Parabolic SAR Bullish reversal in the 1-hourly timeframe.
The prices of EURUSD are ranging near horizontal support in the weekly timeframe.

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

The next resistance is located at 1.0762 which is a 14-3 Day Raw Stochastic at 80%.

EURUSD is now trading just above its Pivot levels of 1.0721 and is moving into a Mild Bullish Channel. The price of EURUSD has already crossed its Classic resistance levels of 1.0714 and is moving towards its next target of 1.0750.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 14, 2024, 06:50:38 PM
GBPUSD Technical Analysis – 14th FEB, 2024

GBPUSD – Bullish Trend Reversal AMA20
(https://i.imgur.com/lQ1HKoW.png)

GBPUSD was unable to sustain its bullish momentum and after touching a high of 1.2609 yesterday prices started to fall rapidly touching a low of 1.2535 in the Asian trading session today.
We can see Bullish Trend Reversal with the Adaptive moving average AMA20 in the 15-minutes timeframe.

The prices of EURUSD are ranging near horizontal support in the 1-hourly timeframe.
We can see that the price of GBPUSD is ranging near support of channel and near support of triangle in the daily timeframe, which indicates a Bullish tone present in the markets.

The prices are expected to enter into a consolidation phase soon, and we may see some downwards price correction before the resumption of the Uptrend.
GBPUSD is now trading below its both the 100-hour SMA and 200-hour SMA simple moving average.

GBPUSD is now trading below its Pivot levels of 1.2557 and is moving into a Mild Bullish Channel.
The price of GBPUSD has already crossed its Classic resistance levels of 1.2552 and the next target is located at 1.2573 which is a 3-10 Day MACD Oscillator Stalls.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 15, 2024, 09:01:23 PM
EURUSD Technical Analysis – 15th FEB, 2024

EURUSD – Super Trend Bullish Reversal
(https://i.imgur.com/uQbBhl5.png)

EURUSD resumed its bullish trend today and touched a high of 1.0784, after which we can see some declines in its levels.
We can see Super Trend Indicator Bullish reversal signal in the 4-hourly timeframe.

We can see Bullish trend reversal with the Adaptive Moving Average AMA20 in the 4-hourly timeframe.
The prices of EURUSD are ranging near the support of the channel in the weekly timeframe.

We can see a continuous recovery in the levels of Euro after the recent decline and the formation of a bullish channel, with immediate targets of 1.0780.
The resistance of the channel is broken in the 1-hourly timeframe indicating a bullish trend.
EURUSD is now trading above its 100-hour SMA and 200-hour SMA simple moving averages.

The next resistance is located at 1.0788 at which the Price Crosses 9 Day Moving Average Stalls.
EURUSD is now trading just above its Pivot levels of 1.0765 and is moving into a Mild Bullish Channel. The price of EURUSD has already crossed its Classic resistance levels of 1.0762 and is moving towards its next target of 1.0780.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 15, 2024, 09:02:44 PM
GBPUSD Technical Analysis – 15th FEB, 2024

GBPUSD – Resistance of Channel is Broken
(https://i.imgur.com/mBiR72h.png)
 
GBPUSD resumed its bullish trend today after touching a low of 1.2541 today in the Asian trading session. We can see a continuous recovery in its levels which broke the resistance barrier of 1.2594 which is a 14-3 Day Raw Stochastic at 30%.
We can see that the resistance of the channel is broken in the 1-hourly timeframe.

We can see Bullish price crossover with the Adaptive moving average AMA20 in the 2-hourly timeframe.
The MACD crosses UP its moving average in the 4-hourly timeframe.

We can see that the price of GBPUSD is ranging near support of channel and near support of triangle in the daily timeframe, which indicates a Bullish tone present in the markets.
The prices are expected to enter into a consolidation phase after crossing the 1.2600 levels.

GBPUSD is now trading below its both the 100-hour SMA and 200-hour SMA simple moving average.

GBPUSD is now trading above its Pivot levels of 1.2591 and is moving into a Mild Bullish Channel.
The price of GBPUSD has already crossed its Classic resistance levels of 1.2587 and the next target is located at 1.2616 which is a 38.2% Retracement From 4 Week Low.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 19, 2024, 07:26:32 PM
EURUSD Technical Analysis – 19th FEB, 2024

EURUSD – Bullish Trend Reversal AMA50

(https://i.imgur.com/WxL0VOC.png)

EURUSD started this week on an indecisive move with the prices oscillating between a high of 1.0788 and a low of 1.0761 today, after which we can see a move towards the consolidation phase in the markets.
We can see Bullish trend reversal with the Adaptive Moving Average AMA50 in the 1-hourly timeframe.

The price of EURUSD is back over the Pivot point which suggests Bullish undertone present in the markets with immediate targets of 1.0790.

We can see the formation of a bullish channel above the 1.0745 levels, as the prices are ranging near the support of the channel and triangle in the weekly timeframe.
The MACD crosses UP its moving average in the 30-minutes timeframe.

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

The next resistance is located at 1.0791 at which the price Crosses 18 Day Moving Average.
EURUSD is now trading just above its Pivot levels of 1.0768 and is moving into a Mild Bullish Channel. The price of EURUSD has already crossed its Classic resistance levels of 1.0765 and is moving towards its next target of 1.0790.

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 (http://"https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve")
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 19, 2024, 07:28:03 PM

GBPUSD Technical Analysis – 19th FEB, 2024

GBPUSD – Ichimoku - Bullish crossover
(https://i.imgur.com/EyZ4ACx.png)

GBPUSD started this week on an indecisive note with the prices oscillating between a high of 1.2628 and a low of 1.2582 today.
We can see the formation of Ichimoku - Bullish crossover pattern in the 4-hourly timeframe which is a Bullish pattern.

The prices of GBPUSD are ranging near the support of channel and triangle in the daily timeframe.
We can see that the price of GBPUSD is ranging near horizontal support in the 15-minutes timeframe indicating a bullish tone present in the markets.

Some of the technical indicators are neutral with the formation of Doji seen in both the daily and weekly timeframes.
GBPUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving average.

GBPUSD is now trading above its Pivot levels of 1.2586 and is moving into a Consolidation channel.
The price of GBPUSD has already crossed its Classic resistance levels of 1.2582 and the next target is located at 1.2614 which is a 3-10-16 Day MACD Moving Average Stalls.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 20, 2024, 01:25:43 PM
EURUSD Technical Analysis – 20th FEB, 2024

EURUSD – MACD Crosses UP its Moving Average
(https://i.imgur.com/gZNbmmU.png)

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.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 20, 2024, 01:27:21 PM
GBPUSD Technical Analysis – 20th FEB, 2024

GBPUSD – Bullish Harami Cross
(https://i.imgur.com/tAIwmzK.png)

GBPUSD started today on a subdued note after which we can see some bullish moves in the European trading session today.
The prices of GBPUSD have managed to touch a high of 1.2615 after which we saw some short-term decline in its levels.

We can see the formation of Bullish Harami cross pattern in the 30-minutes timeframe.
The resistance of the channel is broken in the 15-minutes timeframe.

We can see the formation of Bullish price crossover with the Adaptive moving average AMA50 in the 30-minurtes timeframe.
The parabolic SAR indicator is also giving a bullish reversal signal in the 2-hourly timeframe.

GBPUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving average.

GBPUSD is now trading below its Pivot levels of 1.2610 and is moving into a Consolidation channel.
The price of GBPUSD needs to cross its Classic resistance levels of 1.2604 and the next target is located at 1.2631 which is a 61.8% Retracement from the 52 Week Low.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 21, 2024, 08:29:59 PM
EURUSD Technical Analysis – 21st FEB, 2024

EURUSD – Bullish Trend Reversal
(https://i.imgur.com/qRSFtUR.png)

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.


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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 21, 2024, 08:31:38 PM
GBPUSD Technical Analysis – 21st FEB, 2024
GBPUSD – Bullish Price Crossover
(https://i.postimg.cc/fTZHJT5j/GBPUSD21feb24.png)

GBPUSD had a bullish momentum yesterday when it touched a high of 1.2667 after which we can see some downwards correction coming into the markets.
The prices of GBPUSD have entered into a consolidation channel after which we can see some bullish moves.

We can see the formation of Bullish Price crossover pattern with the Moving Average MA20 and MA100 in the 15-minutes timeframe.
The prices of GBPUSD are ranging near the support of the channel in the 1-hourly timeframe.

We can see the formation of Bullish Trend reversal pattern with the Adaptive Moving Average AMA20 and AMA50 in the 15-minutes timeframe.
GBPUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving average.


GBPUSD is now trading above its Pivot levels of 1.2617 and is moving into a Bullish channel.
The price of GBPUSD has already crossed its Classic resistance levels of 1.2622 and the next target is located at 1.2645 which is a 14-3 Day Raw Stochastic at 50%.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 22, 2024, 10:19:12 PM
EURUSD Technical Analysis – 22nd FEB, 2024

EURUSD – Resistance of Channel is Broken
(https://i.imgur.com/Ba9rN0C.png)

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.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 22, 2024, 10:21:05 PM
GBPUSD Technical Analysis – 22nd FEB, 2024

GBPUSD – Bullish Trend Reversal
(https://i.imgur.com/iidBSBu.png)

GBPUSD had a strong bullish momentum today when the prices touched a high of 1.2708 after which we saw a downwards retracement in its levels touching a low of 1.2611.
We can see that the prices remained in a consolidation channel after which we can see the resumption of the bullish trend.

We can see the formation of Bullish Trend Reversal pattern with the Adaptive Moving Average AMA20 and AMA50 in the daily timeframe.
The prices of GBPUSD are ranging near the support of triangle in the weekly timeframe.

The price is back over the Pivot point in the weekly timeframe indicating the bullish tone present in the markets with immediate targets of 1.2696.
GBPUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving average.

GBPUSD is now trading below its Pivot levels of 1.2660 and is moving into a Bullish channel.
The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2664 and the next target is located at 1.2696 which is a 14-3 Day Raw Stochastic at 70%.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 26, 2024, 08:29:34 PM
EURUSD Technical Analysis – 26th FEB, 2024

EURUSD – Bullish Trend Reversal
(https://i.imgur.com/QmCn1B1.png)

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.


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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on February 26, 2024, 08:30:38 PM
GBPUSD Technical Analysis – 26th FEB, 2024

GBPUSD – Aroon Indicator Bullish Trend

(https://i.imgur.com/UyJMf2E.png)

GBPUSD started his week into a consolidation channel after which we can see some upside moves touching a high of 1.2698 in the US Trading session.
Now again the prices of Pound have entered into a consolidation wave which is expected to last for around 12 hrs.

We can see the formation of Aroon indicator Bullish Trend in the 2-hourly timeframe.
The prices of GBPUSD are ranging near the support of channel in the 15-minutes timeframe.

We can see the formation of Bullish price crossover pattern with the Moving Average MA50 in the daily timeframe.
GBPUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving average.


GBPUSD is now trading below its Pivot levels of 1.2674 and is moving into a Bullish channel.
The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2677 and the next target is located at 1.2702 which is a 38.2% Retracement From 13 Week High.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on March 11, 2024, 06:17:47 PM
EURUSD Technical Analysis – 11th MAR, 2024

EURUSD – Bullish Trend Reversal
(https://i.imgur.com/0NY5xLf.png)

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.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on March 11, 2024, 06:25:11 PM
GBPUSD Technical Analysis – 11th MAR, 2024

GBPUSD – Resistance of Channel is Broken
(https://i.imgur.com/a1kAicV.png)
 
GBPUSD was unable to sustain its bullish momentum and after touching a high of 1.2883 we saw downwards retracement towards the low of 1.2795 formed today in the US trading session.
The prices of Pound are expected to enter into a consolidation zone after which we can see some upwards correction.
We can see that the Resistance of the channel is broken in the daily timeframe indicating a bullish trend present in the markets.
We have also seen a bullish opening of the markets this week.

We can see the formation of Bullish trend as the prices of GBPUSD are ranging near horizontal support in both the 15-minutes and 1-hourly timeframes.
GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.

GBPUSD is now trading below its Pivot levels of 1.2805 and is moving into a Consolidation channel.
The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2830 which is a 14-3 Day Raw Stochastic at 80%.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on March 12, 2024, 12:45:51 PM
EURUSD Technical Analysis – 12th MAR, 2024

EURUSD – Bullish Price Crossover
(https://i.imgur.com/lBljWYE.png)

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.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on March 12, 2024, 12:47:38 PM
GBPUSD Technical Analysis – 12th MAR, 2024

GBPUSD – Moving Average Bullish Crossover
(https://i.imgur.com/whr1tSf.png)
 
GBPUSD was unable to sustain its bullish momentum and after touching a high of 1.282 we saw downwards retracement towards the low of 1.2776 formed today in the European trading session.
The prices of Pound are expected to enter into a consolidation zone after which we can see some upwards correction.
The RSI indicator is back over 50 in the 4-hourly timeframe indicating a bullish trend present in the markets.

The prices of GBPUSD are ranging near horizontal support in the 1-hourly timeframe.
We can see the formation of Moving Average bullish crossovers with MA20 and MA50 in the daily timeframe.

GBPUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving average.

GBPUSD is now trading below its Pivot levels of 1.2794 and is moving into a Consolidation channel.
The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2803 after which we can see an upwards bullish pressure towards the 1.2835 levels which is a 14-3 Day Raw Stochastic at 80%.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on March 13, 2024, 08:08:12 PM
EURUSD Technical Analysis – 13th MAR, 2024

EURUSD – Resistance of Channel is Broken
(https://i.imgur.com/OjI2sOS.png)

 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.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on March 13, 2024, 08:15:14 PM
GBPUSD Technical Analysis – 13th MAR, 2024

GBPUSD – Bullish Trend Reversal
(https://i.imgur.com/XuD7WDS.png)

GBPUSD was indecisive today moving in a zigzag pattern after which we can see some fresh bullish confirmations coming into the markets.
The prices of Pound are expected to enter into a consolidation zone after which we can see some upwards correction towards the 1.2838 levels.
We can see the formation of Bullish Trend Reversal pattern with Moving Average MA50 in the 1-hourly timeframe.

We have also detected the formation of Ichimoku - Bullish crossover: Tenkan & Kijun pattern in the 1-hourly timeframe which is a bullish pattern.
The RSI indicator is back over 50 in the 2-hourly timeframe indicating a Bullish tone present in the markets.

GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average.

GBPUSD is now trading below its Pivot levels of 1.2805 and is moving into a Consolidation channel.
The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2813 after which we can see an upwards bullish pressure towards the 1.2851 levels which is a 3-10 Day MACD Oscillator Stalls.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on March 20, 2024, 10:46:14 PM
EURUSD Technical Analysis – 20th MAR, 2024

EURUSD – Bullish Trend Reversal
(https://i.imgur.com/OMREA9I.png)

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.


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 (https://fxopen.com/blog/en/?utm_source=altcoinstalksforum&utm_medium=ownanalysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on March 20, 2024, 10:59:28 PM
GBPUSD Technical Analysis – 20th MAR, 2024

GBPUSD – Resistance of Channel is Broken
(https://i.imgur.com/RWVc8um.png)

GBPUSD opened this week on a bearish note and touched a low of 1.2666 on 19th March after which we can see the prices moving towards the consolidation phase in the markets.
Today we saw a bullish breakout in the markets with the prices of GBPUSD touching a high of 1.2786 in the US Trading session.
The Resistance of the channel is broken in the 1-hourly timeframe. We can also see the formation of Moving Average Bullish crossovers: AMA20 and AMA50 in the 1-hourly timeframe.

We have also detected the formation of Bullish Harami pattern in the weekly timeframe.
Some of the technical indicators are also giving a neutral stance indicating the presence of the consolidation wave in the markets.

GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.


GBPUSD is now trading above its Pivot levels of 1.2779 and is moving into a Consolidation channel.

The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2791 after which we can see an upwards bullish pressure towards the 1.2808 at which the Price Crosses 9 Day Moving Average Stalls.
GBPUSD is poised to continue its bullish moves with the immediate targets of 1.2835 which is a 14-3 Day Raw Stochastic at 80%.

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 (https://fxopen.com/blog/en/?utm_source=altcoinstalksforum&utm_medium=ownanalysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on March 25, 2024, 11:18:38 PM
EURUSD Technical Analysis – 25th MAR, 2024

EURUSD – Bullish Harami Pattern
(https://i.imgur.com/rkuENYJ.png)

EURUSD started this week on a bearish note touching a low of 1.0801 today in the early Asian trading session, after which we can see that the prices have entered in a consolidation phase.
We can see the start of a Bullish Trend from the 1.806 levels with a continued escalation in the prices of Euro towards the 1.0840 levels.
We can see the formation of Bullish Harami pattern in the daily timeframe and now we are looking to cross 1.0866 which is a 14 Day RSI at 50%.

The price of EURUSD is back over the pivot point in the daily timeframe indicating the presence of the bullish trend in the markets.
The price of Euro is ranging near the support of the Channel and Triangle in the weekly timeframe.
Most of the technical indicators are giving a bullish tone with further upsides located at 1.0866 which is a 38.2% Retracement From 4 Week Low.
 

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

The next resistance is located at 1.0866 which is a 38.2% Retracement From 4 Week Low.
EURUSD is now trading below its Pivot levels of 1.0838 and is moving into a Consolidation channel. The price of EURUSD remains above its Classic support levels of 1.0835 and is moving towards its next target of 1.0866.


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 (https://fxopen.com/blog/en/?utm_source=altcoinstalksforum&utm_medium=ownanalysis&utm_campaign=resolve)
Title: Re: Daily Market Analytics - Forex
Post by: FXOpen Trader on March 25, 2024, 11:28:48 PM
GBPUSD Technical Analysis – 25th MAR, 2024

GBPUSD – Bullish Engulfing Lines
(https://i.imgur.com/h2rYjBR.png)

GBPUSD opened this week on a bearish note from its decline last week and touched a low of 1.2594 after which we can see a continuous upsurge in its levels.
We can see the formation of Bullish Engulfing lines in the 1-hourly timeframe.
The Aroon indicator is giving a bullish trend in the 15-minutes timeframe.

We have also detected the formation of Moving Average bullish crossovers: MA50 & MA100 in the 30-minutes timeframe.
The support of the channel is broken and the prices of GBPUSD are ranging near horizontal support in the daily timeframe.

GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.

GBPUSD is now trading below its Pivot levels of 1.2637 and is moving into a Consolidation channel.
The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2639 after which we can see an upwards bullish pressure towards the 1.2661 which is a 38.2% Retracement From 13 Week Low.

GBPUSD is poised to continue its bullish moves with the immediate targets of 1.2670 which is a 14-3 Day Raw Stochastic at 30%.

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 (https://fxopen.com/blog/en/?utm_source=tptforum&utm_medium=ownanalysis&utm_campaign=resolve)