Daily Market Analytics - Forex

[FXOpen Trader]

USDJPY Technical Analysis – 05th MAR, 2026
USDJPY - On 5th March 2026, USDJPY registered a sharp intraday high at 157.85

USDJPY – High 157.85
On 5th March 2026, USDJPY registered a sharp intraday high at 157.85, marking a critical resistance zone within its medium-term bullish structure.

Daily Chart
The advance into 157.85 coincided with strong bullish momentum, with the RSI near 71, firmly in overbought territory. Price action printed a rejection wick, reflecting profit-taking pressure at the highs. The test of this level aligned with the broader uptrend but highlighted potential exhaustion.

4-Hour Chart
On the 4H timeframe, the rally into 157.85 was accompanied by expanding bullish candles, but momentum indicators began to diverge. The MACD histogram showed reduced bullish acceleration, with signal lines flattening. The Stochastic Oscillator was firmly overbought, reinforcing the likelihood of short-term exhaustion. A bearish divergence between price and oscillator readings strengthened the case for corrective retracement.

Key Levels
• Support: 157.00 / 156.40
• Resistance: 157.85 / 158.50

Market Implications
The high at 157.85 underscored USDJPY’s struggle to break through medium-term resistance. Sustained closes above this level would open the path toward 158.50, while failure to maintain momentum could trigger a pullback toward 157.00 and 156.40.

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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.

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AUDUSD Technical Analysis – 12th MAR, 2026
AUDUSD – AUDUSD’s rally to 0.7187 marks a decisive test of medium term resistance

AUDUSD – High 0.7187 (11 Mar 2026)

Technical Structure:
AUDUSD’s rally to 0.7187 marks a decisive test of medium term resistance, coinciding with the upper boundary of its rising daily channel. On the daily chart, RSI at 68–70 reflects strong bullish momentum but signals overbought conditions. MACD remains positive, with histogram expansion confirming sustained upside pressure. The weekly chart shows price breaking above the 20 week moving average, reinforcing structural strength and suggesting scope for continuation.

Key Levels:
• Immediate resistance: 0.7187 / 0.7250
• Secondary resistance: 0.7320 (Fibonacci extension)
• Support: 0.7150 pivot, deeper at 0.7070 / 0.7000

Scenario Outlook:
From a tactical perspective, consolidation above 0.7150 would validate bullish continuation toward 0.7250–0.7320. Intraday oscillators highlight stretched conditions, raising the probability of corrective dips. The four hour chart shows divergence between price highs and RSI, hinting at potential exhaustion. Fundamentally, AUD remains sensitive to commodity flows and global risk sentiment; any deterioration in equities or iron ore demand could accelerate downside pressure. Traders should treat 0.7150 as the pivot: sustained strength above it favors continuation, while rejection signals corrective retracement. The broader bias remains constructive, but risk management is essential given overbought conditions.

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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.

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EURCHF Technical Analysis – 12th MAR, 2026
EURCHF – EURCHF’s decline to 0.9004 underscores persistent weakness

EURCHF – Low 0.9004 (11 Mar 2026)

Technical Structure:
EURCHF’s decline to 0.9004 underscores persistent weakness, as this level coincides with a critical psychological threshold. On the daily chart, RSI at 35 confirms bearish momentum, while MACD trends negatively with no signs of reversal. Price action has consistently failed to reclaim the 50 day moving average, reinforcing downside bias.

Key Levels:
• Immediate support: 0.9000 / 0.8950
• Resistance: 0.9025 / 0.9050
• Secondary resistance: 0.9100

Scenario Outlook:
The weekly chart highlights a broader descending structure, with successive lower highs and lower lows pointing toward continuation. Unless price reclaims 0.9050 decisively, the pair risks extending toward 0.8950. Intraday oscillators show oversold conditions, suggesting potential for corrective rebounds, but such moves are likely capped near 0.9025–0.9050 unless momentum shifts. Fundamentally, CHF strength reflects safe haven demand, while euro sentiment remains pressured by uneven growth prospects. The immediate scenario is binary: stabilization above 0.9025 could trigger short covering toward 0.9100, but sustained weakness below 0.9000 exposes deeper downside. Traders should remain cautious, as volatility around this psychological level may produce sharp intraday swings. The broader bias remains bearish unless a decisive reversal emerges.

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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.

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EURJPY Technical Analysis – 12th MAR, 2026
EURJPY – EURJPY’s surge to 184.07 extends its bullish trajectory

EURJPY – High 184.07 (11 Mar 2026)

Technical Structure:
EURJPY’s surge to 184.07 extends its bullish trajectory, confirming renewed demand and strong momentum. On the daily chart, RSI above 65 reflects robust strength, while MACD shows positive expansion with widening histogram bars. The breakout above 183.50 validates bullish continuation, opening scope for 185.50 as the next resistance, followed by 187.00 on weekly projections.

Key Levels:
• Immediate resistance: 184.07 / 185.50
• Secondary resistance: 187.00
• Support: 182.80 / 181.50

Scenario Outlook:
The pair remains well supported above its 50 day moving average, reinforcing structural resilience. However, intraday oscillators hint at short term overextension, raising the probability of corrective dips. Key support lies at 182.80, where prior breakout levels converge with moving average support. A failure to hold this level could trigger retracement toward 181.50, though broader bias remains constructive. On the weekly timeframe, the pair has broken above a multi month consolidation, suggesting potential for sustained upside. Fundamentally, yen weakness continues to underpin the rally, driven by yield differentials and accommodative monetary policy. Traders should monitor 183.50 as the pivot: holding above it favors continuation toward 185.50, while rejection signals corrective consolidation. The long term bias remains bullish, but tactical pullbacks are likely before further extension.

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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.

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EURUSD Technical Analysis – 12th MAR, 2026
EURUSD – EURUSD’s decline to 1.1534 marks a significant test of the lower boundary of its corrective structure

EURUSD – Low 1.1534 (11 Mar 2026)

Technical Structure:
EURUSD’s decline to 1.1534 marks a significant test of the lower boundary of its corrective structure, aligning with a key Fibonacci retracement from the prior rally. On the daily chart, RSI near 35 signals oversold conditions, while MACD remains bearish, showing negative alignment and widening histogram bars. Price action has broken below the 50 day moving average, reinforcing downside momentum. On the weekly chart, the pair is approaching long term support near 1.1500, a level that has historically acted as a pivot.

Key Levels:
• Immediate support: 1.1534 / 1.1500
• Secondary support: 1.1470 / 1.1400
• Resistance: 1.1620 / 1.1680

Scenario Outlook:
The inability to break decisively below 1.1530 could trigger a rebound toward 1.1620, where short term sellers may re enter. Sustained weakness, however, would expose 1.1470 and potentially 1.1400, marking deeper corrective territory. Intraday oscillators show divergence, hinting at potential exhaustion of selling pressure. Fundamentally, euro sentiment remains pressured by uneven growth prospects and monetary divergence with the U.S. dollar. Traders should monitor 1.1530–1.1500 as the critical zone: holding above it favors corrective rebound, while a breakdown confirms bearish continuation. The broader bias remains negative unless price reclaims 1.1620 with conviction.

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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.

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GBPJPY Technical Analysis – 12th MAR, 2026
GBPJPY – GBPJPY’s surge to 213.30 reinforces its strong bullish bias

GBPJPY – High 213.30 (11 Mar 2026)

Technical Structure:
GBPJPY’s surge to 213.30 reinforces its strong bullish bias, extending gains well above the 50 day moving average. On the daily chart, RSI near 70 reflects overbought conditions, while MACD continues to expand positively, confirming strong momentum. The breakout above 212.00 validates bullish continuation, opening scope for 215.00 as the next resistance. On the weekly chart, the pair is trending within a steep ascending channel, highlighting structural resilience.

Key Levels:
• Immediate resistance: 213.30 / 215.00
• Secondary resistance: 217.50
• Support: 211.80 / 210.50

Scenario Outlook:
Intraday oscillators suggest stretched conditions, raising the probability of corrective dips. Key support lies at 211.80, where prior breakout levels converge with moving average support. A failure to hold this level could trigger retracement toward 210.50, though broader bias remains constructive. Fundamentally, yen weakness continues to underpin the rally, driven by yield differentials and accommodative monetary policy, while GBP strength reflects relative resilience in U.K. data. Traders should monitor 213.30 as the pivot: holding above it favors continuation toward 215.00–217.50, while rejection signals corrective consolidation. The long term bias remains bullish, but tactical pullbacks are likely before further extension.

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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.

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GBPUSD Technical Analysis – 12th MAR, 2026
GBPUSD – GBPUSD’s decline to 1.3364 marks a significant test of downside levels

GBPUSD – Low 1.3364 (11 Mar 2026)

Technical Structure:
GBPUSD’s decline to 1.3364 marks a significant test of downside levels, aligning with the lower boundary of its medium term channel. On the daily chart, RSI near 40 reflects bearish momentum, while MACD remains negative, confirming ongoing pressure. Price action has broken below the 50 day moving average, reinforcing downside bias. On the weekly chart, the pair is approaching long term support near 1.3300, a level that has historically acted as a pivot.

Key Levels:
• Immediate support: 1.3364 / 1.3300
• Secondary support: 1.3250 / 1.3200
• Resistance: 1.3420 / 1.3500

Scenario Outlook:
The pair must reclaim 1.3420 to neutralize immediate downside risks; otherwise, a slide toward 1.3300–1.3250 remains plausible. Intraday oscillators show potential for corrective rebounds, but such moves are likely capped unless momentum indicators shift decisively. Fundamentally, GBP sentiment remains pressured by monetary divergence with the U.S. dollar and concerns over U.K. growth. Traders should monitor 1.3364–1.3300 as the critical zone: holding above it favors corrective rebound toward 1.3420, while sustained weakness exposes deeper downside. The broader bias remains bearish unless price reclaims 1.3500 with conviction.

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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.

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NZDUSD Technical Analysis – 12th MAR, 2026
NZDUSD – NZDUSD’s decline to 0.5891 reflects sustained weakness in the Kiwi

NZDUSD – Low 0.5891 (11 Mar 2026)

Technical Structure:
NZDUSD’s decline to 0.5891 reflects sustained weakness in the Kiwi, marking a retest of multi month support. On the daily chart, RSI below 30 confirms oversold conditions, while MACD remains firmly bearish, showing negative alignment and widening histogram bars. Price action has broken below the 50 day moving average, reinforcing downside bias. On the weekly chart, the pair is trending within a descending channel, highlighting structural weakness.

Key Levels:
• Immediate support: 0.5891 / 0.5880
• Secondary support: 0.5820 / 0.5750
• Resistance: 0.5950 / 0.6000

Scenario Outlook:
Oversold conditions raise the probability of corrective rebounds toward 0.5950–0.6000, but such moves are likely capped unless momentum indicators shift decisively. Sustained weakness below 0.5880 would confirm bearish continuation toward 0.5820, aligning with prior demand zones. Intraday oscillators show divergence, hinting at potential exhaustion of selling pressure. Fundamentally, NZD remains pressured by commodity demand concerns and monetary divergence with the U.S. dollar. Traders should monitor 0.5890–0.5880 as the critical zone: holding above it favors corrective rebound, while breakdown confirms bearish continuation. The broader bias remains negative unless price reclaims 0.6000 with conviction.

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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.

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USDCAD Technical Analysis – 12th MAR, 2026
USDCAD – USDCAD’s advance to 1.3604 extends its bullish momentum

USDCAD – High 1.3604 (11 Mar 2026)

Technical Structure:
USDCAD’s advance to 1.3604 extends its bullish momentum, marking a retest of resistance last seen in late 2025. On the daily chart, RSI near 60 reflects bullish momentum, while MACD shows positive expansion, confirming sustained upside pressure. Price action remains supported by the 20 day moving average, reinforcing structural resilience. On the weekly chart, the pair is trending within an ascending channel, highlighting constructive bias.

Key Levels:
• Immediate resistance: 1.3604 / 1.3640
• Secondary resistance: 1.3700
• Support: 1.3530 / 1.3480

Scenario Outlook:
A decisive break above 1.3640 would validate bullish continuation toward 1.3700, while failure to break higher could see consolidation back toward 1.3530–1.3480. Intraday oscillators show potential for corrective dips, but broader bias remains constructive. Fundamentally, CAD remains sensitive to oil prices, while USD strength reflects monetary divergence. Traders should monitor 1.3600–1.3640 as the pivot: holding above it favors continuation, while rejection signals consolidation. The broader bias remains bullish unless price breaks below 1.3480 with conviction.

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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.

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USDCHF Technical Analysis – 12th MAR, 2026
USDCHF – USDCHF’s climb to 0.7820 marks a notable push into resistance territory

USDCHF – High 0.7820 (11 Mar 2026)

Technical Structure:
USDCHF’s climb to 0.7820 marks a notable push into resistance territory, extending gains above the 50 day moving average. On the daily chart, RSI near 65 reflects bullish momentum, while MACD remains positive, confirming sustained upside pressure. The weekly chart shows price trending within an ascending structure, reinforcing constructive bias.

Key Levels:
• Immediate resistance: 0.7820 / 0.7880
• Secondary resistance: 0.7950
• Support: 0.7800 / 0.7740

Scenario Outlook:
The pair’s ability to sustain above 0.7800 will be critical for continuation toward 0.7880–0.7950. A rejection at current levels could trigger a pullback toward 0.7740, where moving average support converges. Intraday oscillators show potential for corrective dips, but broader bias remains constructive. Fundamentally, USD strength reflects monetary divergence, while CHF weakness reflects reduced safe haven demand. Traders should monitor 0.7820 as the pivot: holding above it favors continuation, while rejection signals corrective retracement. The broader bias remains bullish unless price breaks below 0.7740 decisively.

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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.

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USDJPY Technical Analysis – 12th MAR, 2026
USDJPY - USDJPY’s surge to 159.23 underscores strong bullish momentum

USDJPY – High 159.23 (11 Mar 2026)

Technical Structure:
USDJPY’s surge to 159.23 underscores strong bullish momentum, marking a breakout above prior resistance at 158.50. On the daily chart, RSI above 70 confirms overbought conditions, while MACD remains firmly positive, showing strong alignment and widening histogram bars. The weekly chart highlights an extended uptrend, with price trending well above the 50 week moving average, reinforcing structural strength.

Key Levels:
• Immediate resistance: 159.23 / 160.50
• Secondary resistance: 162.00
• Support: 157.80 / 156.50

Scenario Outlook:
The breakout above 158.50 validates bullish continuation, opening scope for 160.50–162.00. However, overbought conditions suggest corrective dips toward 157.80–156.50 should not be ruled out. Intraday oscillators show divergence, hinting at potential exhaustion of buying pressure. Fundamentally, yen weakness continues to underpin the rally, driven by yield differentials and accommodative monetary policy. Traders should monitor 159.20 as the pivot: holding above it favors continuation toward higher targets, while rejection signals corrective consolidation. The long term bias remains bullish, but tactical pullbacks are likely before further extension.

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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.

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AUDUSD Technical Analysis – 23rd MAR, 2026
AUDUSD – AUDUSD registered a significant low at 0.6910 on 23 March 2026

AUDUSD – Low 0.6910 (23 March 2026)

Market Context
AUDUSD registered a significant low at 0.6910 on 23 March 2026, a level that coincides with prior structural support zones observed in late February. This price action reflects renewed selling pressure amid broader USD strength, but the rejection at 0.6910 suggests the market is testing a critical inflection point. Historically, the 0.6900–0.6920 band has acted as a pivot, often triggering corrective rebounds when defended.

Daily Chart Perspective
On the daily timeframe, AUDUSD has been trending lower since early March, with successive lower highs confirming bearish momentum. The 50 day moving average currently caps price near 0.7050, reinforcing downside bias. RSI on the daily chart is hovering near 32, approaching oversold conditions, which often precede corrective rallies. MACD remains negative, but histogram bars show signs of contraction, hinting at waning bearish momentum. The low at 0.6910 thus represents both a technical support and a psychological threshold.

4 Hour Chart Analysis
Zooming into the 4 hour chart, AUDUSD shows consolidation after the dip to 0.6910, forming a minor base. Short term moving averages (20 EMA and 50 EMA) remain downward sloping, but price is attempting to stabilize above 0.6925. RSI has rebounded from oversold territory, now near 40, suggesting early signs of recovery. A break above 0.6960 would confirm short term bullish intent, targeting 0.7000–0.7020. Failure to hold above 0.6910, however, risks acceleration toward 0.6850.

Indicator Insights
• RSI: Daily RSI near oversold (32), 4 hour RSI recovering toward neutral.
• MACD: Daily MACD negative but flattening; 4 hour MACD shows potential bullish crossover.
• Moving Averages: 50 DMA resistance at 0.7050; 200 DMA support remains distant near 0.6750.
• Fibonacci Levels: The 38.2% retracement of the March decline lies at 0.6980, aligning with near term resistance.

Scenario Implications
• Bullish Case: If buyers defend 0.6910 and momentum builds above 0.6960, AUDUSD could stage a corrective rally toward 0.7020, with extended upside toward 0.7100 if USD weakens.
• Bearish Case: A decisive break below 0.6910 would expose 0.6850, followed by 0.6780, marking continuation of the broader downtrend.
• Neutral Case: Consolidation between 0.6910 and 0.6980 would reflect indecision, with traders awaiting macro catalysts such as U.S. inflation data or RBA commentary.

Highlighted Levels
• Support: 0.6910, 0.6850, 0.6780
• Resistance: 0.6960, 0.7020, 0.7100

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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.

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EURCHF Technical Analysis – 23rd MAR, 2026
EURCHF – On 23 March 2026, EURCHF registered a high at 0.9146

EURCHF – High 0.9146 (23 March 2026)

Market Context
On 23 March 2026, EURCHF registered a high at 0.9146, a level that stands out as a critical resistance zone within the broader consolidation phase the pair has been navigating since early February. This high reflects renewed euro strength against the Swiss franc, but the rejection near this level underscores the persistent defensive stance of CHF as a safe haven currency. Historically, the 0.9140–0.9160 band has acted as a ceiling, with repeated failures to break higher, making this test particularly significant.

Daily Chart Perspective
The daily chart reveals EURCHF in a sideways structure, oscillating between 0.9050 support and 0.9150 resistance. The high at 0.9146 aligns with the upper boundary of this range, suggesting that price is once again testing the limits of bullish momentum. The 50 day moving average is trending upward, currently near 0.9100, providing underlying support. RSI on the daily timeframe is at 58, not yet overbought but showing signs of bullish extension. MACD remains positive, with histogram bars expanding, indicating momentum is still favouring the upside. However, the repeated rejection near 0.9150 warns of potential exhaustion.

4 Hour Chart Analysis
On the 4 hour chart, EURCHF shows a sharp rally into 0.9146, followed by minor consolidation. Short term moving averages (20 EMA and 50 EMA) are aligned bullishly, with price holding above both. RSI has reached 65, suggesting near term overextension. A break above 0.9150 would confirm bullish continuation, targeting 0.9200. Conversely, failure to sustain above 0.9120 could trigger a pullback toward 0.9080, where the 50 EMA offers interim support.

Indicator Insights
• RSI: Daily RSI at 58 (moderately bullish); 4 hour RSI at 65 (near overbought).
• MACD: Daily MACD positive with widening histogram; 4 hour MACD shows strong bullish momentum but flattening.
• Moving Averages: 50 DMA support at 0.9100; 200 DMA remains lower near 0.8980, reinforcing medium term bullish bias.
• Fibonacci Levels: The 61.8% retracement of the January decline lies at 0.9155, aligning with current resistance.

Scenario Implications
• Bullish Case: A decisive break above 0.9146–0.9155 would confirm bullish breakout, opening upside toward 0.9200 and potentially 0.9250 if euro strength persists.
• Bearish Case: Rejection at 0.9146 could trigger corrective decline toward 0.9080, with deeper retracement possible to 0.9050 if CHF demand intensifies.
• Neutral Case: Consolidation between 0.9100 and 0.9150 would reflect indecision, with traders awaiting macro catalysts such as ECB policy signals or Swiss National Bank commentary.

Highlighted Levels
• Support: 0.9120, 0.9080, 0.9050
• Resistance: 0.9146, 0.9200, 0.9250

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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.

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[FXOpen Trader]

EURJPY Technical Analysis – 23rd MAR, 2026
EURJPY – On 23 March 2026, EURJPY recorded a low at 183.18

EURJPY – Low 183.18 (23 March 2026)

Market Context
On 23 March 2026, EURJPY recorded a low at 183.18, a level that marks a critical juncture within the pair’s broader bullish trajectory. The euro has been resilient against the yen, supported by divergent monetary policies between the ECB and the Bank of Japan. However, the dip to 183.18 highlights the market’s sensitivity to short term risk sentiment shifts, particularly as the yen continues to attract safe haven flows during periods of equity market volatility. Historically, the 183.00–183.50 zone has acted as a pivot, often triggering rebounds when defended, making this low a key reference point for traders.

Daily Chart Perspective
On the daily timeframe, EURJPY remains in a well defined uptrend, with higher highs and higher lows intact since late January. The 50 day moving average currently sits near 182.50, providing dynamic support beneath the recent low. RSI on the daily chart is at 46, reflecting a neutral stance after the recent pullback. MACD remains positive, though histogram bars have contracted, signalling waning bullish momentum. The rejection at 183.18 suggests buyers are attempting to defend the trendline support, keeping the broader bullish bias intact.

4 Hour Chart Analysis
The 4 hour chart shows EURJPY dipping sharply into 183.18 before stabilizing. Price action has since formed a minor base, with candles showing long lower wicks, indicative of buying interest. Short term moving averages (20 EMA and 50 EMA) are flattening, reflecting consolidation rather than continuation. RSI has rebounded from oversold territory, now near 42, suggesting early signs of recovery. A break above 184.20 would confirm renewed bullish momentum, targeting 185.50. Conversely, failure to hold above 183.00 risks deeper retracement toward 181.80.

Indicator Insights
• RSI: Daily RSI at 46 (neutral); 4 hour RSI recovering from oversold, now near 42.
• MACD: Daily MACD positive but losing momentum; 4 hour MACD shows potential for bullish crossover.
• Moving Averages: 50 DMA support at 182.50; 200 DMA lower near 178.80, reinforcing medium term bullish structure.
• Fibonacci Levels: The 38.2% retracement of the February–March rally lies at 183.00, aligning with current support.

Scenario Implications
• Bullish Case: If buyers defend 183.18 and price breaks above 184.20, EURJPY could resume its uptrend toward 185.50, with extended upside toward 187.00 if euro strength persists.
• Bearish Case: A decisive break below 183.00 would expose 181.80, with further downside risk toward 180.50 if yen demand intensifies.
• Neutral Case: Consolidation between 183.00 and 184.50 would reflect indecision, with traders awaiting macro catalysts such as ECB policy signals or BOJ commentary.

Highlighted Levels
• Support: 183.18, 183.00, 181.80
• Resistance: 184.20, 185.50, 187.00

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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 Trader]

EURUSD Technical Analysis – 23rd MAR, 2026
EURUSD – On 23 March 2026, EURUSD registered a high at 1.1640

EURUSD – High 1.1640 (23 March 2026)

Market Context
On 23 March 2026, EURUSD registered a high at 1.1640, marking a pivotal resistance zone within its medium term bullish recovery. The euro’s strength has been underpinned by expectations of a more hawkish ECB stance, while the dollar remains pressured by softer U.S. data. The test of 1.1640 reflects renewed euro demand, but the rejection near this level highlights the market’s sensitivity to macro catalysts. Historically, the 1.1600–1.1650 band has acted as a decisive pivot, often dictating directional bias for weeks ahead.

Daily Chart Perspective
On the daily timeframe, EURUSD has been trending higher since early March, carving out a sequence of higher lows. The 50 day moving average currently sits near 1.1520, providing dynamic support beneath the recent rally. RSI on the daily chart is at 64, approaching overbought territory, suggesting momentum is strong but stretched. MACD remains firmly positive, with histogram bars expanding, confirming bullish continuation. The high at 1.1640 therefore represents both a technical resistance and a psychological barrier, where traders will gauge whether the rally can extend or stall.

4 Hour Chart Analysis
The 4 hour chart shows EURUSD surging into 1.1640 before consolidating. Price action has formed a minor range between 1.1600 and 1.1640, reflecting indecision. Short term moving averages (20 EMA and 50 EMA) remain upward sloping, reinforcing bullish bias. RSI has cooled slightly from overbought levels, now near 60, suggesting room for continuation if momentum resumes. A break above 1.1640 would confirm bullish extension toward 1.1700, while failure to sustain above 1.1600 could trigger corrective pullback toward 1.1550.

Indicator Insights
• RSI: Daily RSI at 64 (near overbought); 4 hour RSI at 60 (moderately bullish).
• MACD: Daily MACD positive with widening histogram; 4 hour MACD shows flattening momentum, hinting at consolidation.
• Moving Averages: 50 DMA support at 1.1520; 200 DMA lower near 1.1380, reinforcing medium term bullish structure.
• Fibonacci Levels: The 61.8% retracement of the January decline lies at 1.1650, aligning with current resistance.

Scenario Implications
• Bullish Case: A decisive break above 1.1640–1.1650 would confirm bullish breakout, opening upside toward 1.1700 and potentially 1.1760 if euro strength persists.
• Bearish Case: Rejection at 1.1640 could trigger corrective decline toward 1.1550, with deeper retracement possible to 1.1520 if dollar demand intensifies.
• Neutral Case: Consolidation between 1.1600 and 1.1650 would reflect indecision, with traders awaiting macro catalysts such as ECB policy signals or U.S. inflation data.

Highlighted Levels
• Support: 1.1600, 1.1550, 1.1520
• Resistance: 1.1640, 1.1700, 1.1760

#fxopen #forex #forexanalysis

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 ...

 

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GBPJPY Technical Analysis – 23rd MAR, 2026
GBPJPY – On 23 March 2026, GBPJPY printed a high at 213.20

GBPJPY – High 213.20 (23 March 2026)

Market Context
On 23 March 2026, GBPJPY printed a high at 213.20, extending its bullish trajectory to fresh multi year highs. This level represents a critical psychological barrier, reflecting sterling’s resilience against the yen amid diverging monetary policy stances. The Bank of England’s relatively hawkish tone contrasts sharply with the Bank of Japan’s continued accommodative stance, fuelling persistent upward momentum. However, the rejection near 213.20 highlights the market’s sensitivity to overbought conditions and potential profit taking. Historically, the 213.00–213.50 band has acted as a pivot zone, often dictating short term directional bias.

Daily Chart Perspective
On the daily timeframe, GBPJPY remains firmly in an uptrend, with successive higher highs and higher lows since late February. The 50 day moving average currently sits near 208.50, providing dynamic support beneath the rally. RSI on the daily chart is at 72, firmly in overbought territory, suggesting momentum is strong but stretched. MACD remains positive, with histogram bars expanding, confirming bullish continuation. The high at 213.20 therefore represents both a technical resistance and a psychological ceiling, where traders will gauge whether the rally can extend or stall.

4 Hour Chart Analysis
The 4 hour chart shows GBPJPY surging into 213.20 before consolidating. Price action has formed a minor range between 211.80 and 213.20, reflecting indecision. Short term moving averages (20 EMA and 50 EMA) remain upward sloping, reinforcing bullish bias. RSI has cooled slightly from extreme overbought levels, now near 68, suggesting room for continuation if momentum resumes. A break above 213.20 would confirm bullish extension toward 215.00, while failure to sustain above 211.80 could trigger corrective pullback toward 210.50.

Indicator Insights
• RSI: Daily RSI at 72 (overbought); 4 hour RSI at 68 (still elevated).
• MACD: Daily MACD positive with widening histogram; 4 hour MACD shows flattening momentum, hinting at consolidation.
• Moving Averages: 50 DMA support at 208.50; 200 DMA lower near 202.80, reinforcing medium term bullish structure.
• Fibonacci Levels: The 61.8% retracement of the February decline lies at 213.00, aligning with current resistance.

Scenario Implications
• Bullish Case: A decisive break above 213.20 would confirm bullish breakout, opening upside toward 215.00 and potentially 217.50 if sterling strength persists.
• Bearish Case: Rejection at 213.20 could trigger corrective decline toward 210.50, with deeper retracement possible to 208.50 if yen demand intensifies.
• Neutral Case: Consolidation between 211.80 and 213.20 would reflect indecision, with traders awaiting macro catalysts such as BOE policy signals or BOJ commentary.

Highlighted Levels
• Support: 211.80, 210.50, 208.50
• Resistance: 213.20, 215.00, 217.50

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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.

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GBPUSD Technical Analysis – 23rd MAR, 2026
GBPUSD – On 23 March 2026, GBPUSD registered a high at 1.3479

GBPUSD – High 1.3479 (23 March 2026)

Market Context
On 23 March 2026, GBPUSD registered a high at 1.3479, marking a critical resistance zone within its medium term bullish recovery. Sterling’s strength has been supported by expectations of a firmer Bank of England stance, while the dollar has faced headwinds from softer U.S. data and dovish Federal Reserve commentary. The test of 1.3479 reflects renewed demand for GBP, but the rejection near this level highlights the market’s sensitivity to overbought conditions and profit taking. Historically, the 1.3450–1.3500 band has acted as a decisive pivot, often dictating directional bias for weeks ahead.

Daily Chart Perspective
On the daily timeframe, GBPUSD has been trending higher since early March, carving out a sequence of higher lows. The 50 day moving average currently sits near 1.3350, providing dynamic support beneath the recent rally. RSI on the daily chart is at 68, approaching overbought territory, suggesting momentum is strong but stretched. MACD remains firmly positive, with histogram bars expanding, confirming bullish continuation. The high at 1.3479 therefore represents both a technical resistance and a psychological barrier, where traders will gauge whether the rally can extend or stall.

4 Hour Chart Analysis
The 4 hour chart shows GBPUSD surging into 1.3479 before consolidating. Price action has formed a minor range between 1.3420 and 1.3479, reflecting indecision. Short term moving averages (20 EMA and 50 EMA) remain upward sloping, reinforcing bullish bias. RSI has cooled slightly from overbought levels, now near 62, suggesting room for continuation if momentum resumes. A break above 1.3480 would confirm bullish extension toward 1.3550, while failure to sustain above 1.3420 could trigger corrective pullback toward 1.3380.

Indicator Insights
• RSI: Daily RSI at 68 (near overbought); 4 hour RSI at 62 (moderately bullish).
• MACD: Daily MACD positive with widening histogram; 4 hour MACD shows flattening momentum, hinting at consolidation.
• Moving Averages: 50 DMA support at 1.3350; 200 DMA lower near 1.3200, reinforcing medium term bullish structure.
• Fibonacci Levels: The 61.8% retracement of the January decline lies at 1.3480, aligning with current resistance.

Scenario Implications
• Bullish Case: A decisive break above 1.3479–1.3480 would confirm bullish breakout, opening upside toward 1.3550 and potentially 1.3620 if sterling strength persists.
• Bearish Case: Rejection at 1.3479 could trigger corrective decline toward 1.3380, with deeper retracement possible to 1.3350 if dollar demand intensifies.
• Neutral Case: Consolidation between 1.3420 and 1.3480 would reflect indecision, with traders awaiting macro catalysts such as BOE policy signals or U.S. inflation data.

Highlighted Levels
• Support: 1.3420, 1.3380, 1.3350
• Resistance: 1.3479, 1.3550, 1.3620

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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.

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[FXOpen Trader]

NZDUSD Technical Analysis – 23rd MAR, 2026
NZDUSD – On 23 March 2026, NZDUSD registered a high at 0.5887

NZDUSD – High 0.5887 (23 March 2026)

Market Context
On 23 March 2026, NZDUSD registered a high at 0.5887, a level that underscores the pair’s struggle to sustain bullish momentum amid broader dollar strength. The New Zealand dollar has been pressured by weaker domestic growth outlooks and dovish Reserve Bank of New Zealand commentary, while the U.S. dollar has benefited from safe haven demand. The test of 0.5887 reflects a temporary rebound, but the rejection near this level highlights the market’s sensitivity to global risk sentiment. Historically, the 0.5850–0.5900 band has acted as a pivot zone, often dictating short term directional bias.

Daily Chart Perspective
On the daily timeframe, NZDUSD remains in a broader downtrend, with successive lower highs since late February. The 50 day moving average currently sits near 0.6000, capping upside momentum. RSI on the daily chart is at 52, reflecting a neutral stance after the recent rally. MACD remains negative, though histogram bars have contracted, signalling waning bearish momentum. The high at 0.5887 therefore represents both a technical resistance and a psychological barrier, where traders will gauge whether the rebound can extend or stall.

4 Hour Chart Analysis
The 4 hour chart shows NZDUSD rallying into 0.5887 before consolidating. Price action has formed a minor range between 0.5840 and 0.5887, reflecting indecision. Short term moving averages (20 EMA and 50 EMA) are flattening, reinforcing the idea of consolidation rather than continuation. RSI has cooled slightly from overbought levels, now near 58, suggesting room for continuation if momentum resumes. A break above 0.5890 would confirm bullish extension toward 0.5950, while failure to sustain above 0.5840 could trigger corrective pullback toward 0.5800.

Indicator Insights
• RSI: Daily RSI at 52 (neutral); 4 hour RSI at 58 (moderately bullish).
• MACD: Daily MACD negative but flattening; 4 hour MACD shows potential for bullish crossover.
• Moving Averages: 50 DMA resistance at 0.6000; 200 DMA lower near 0.6150, reinforcing medium term bearish structure.
• Fibonacci Levels: The 38.2% retracement of the February decline lies at 0.5890, aligning with current resistance.

Scenario Implications
• Bullish Case: A decisive break above 0.5887–0.5890 would confirm bullish breakout, opening upside toward 0.5950 and potentially 0.6000 if NZD strength persists.
• Bearish Case: Rejection at 0.5887 could trigger corrective decline toward 0.5800, with deeper retracement possible to 0.5750 if dollar demand intensifies.
• Neutral Case: Consolidation between 0.5840 and 0.5890 would reflect indecision, with traders awaiting macro catalysts such as RBNZ policy signals or U.S. inflation data.

Highlighted Levels
• Support: 0.5840, 0.5800, 0.5750
• Resistance: 0.5887, 0.5950, 0.6000

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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.

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USDCAD Technical Analysis – 23rd MAR, 2026
USDCAD – On 23 March 2026, USDCAD registered a low at 1.3670

USDCAD – Low 1.3670 (23 March 2026)

Market Context
On 23 March 2026, USDCAD registered a low at 1.3670, marking a critical support zone within its medium term consolidation. The Canadian dollar has been buoyed by firm crude oil prices and steady Bank of Canada policy guidance, while the U.S. dollar has faced intermittent weakness due to softer macro data. The dip to 1.3670 reflects renewed CAD demand, but the rejection near this level highlights the market’s sensitivity to commodity trends and risk sentiment. Historically, the 1.3650–1.3700 band has acted as a decisive pivot, often dictating short term directional bias.

Daily Chart Perspective
On the daily timeframe, USDCAD has been oscillating within a broad range, with resistance capped near 1.3800 and support anchored around 1.3670. The 50 day moving average currently sits near 1.3740, reinforcing the upper boundary of the range. RSI on the daily chart is at 44, reflecting a mildly bearish stance after the recent pullback. MACD remains negative, though histogram bars have contracted, signalling waning bearish momentum. The low at 1.3670 therefore represents both a technical support and a psychological barrier, where traders will gauge whether the pair can stabilize or extend lower.

4 Hour Chart Analysis
The 4 hour chart shows USDCAD dipping into 1.3670 before stabilizing. Price action has since formed a minor base, with candles showing long lower wicks, indicative of buying interest. Short term moving averages (20 EMA and 50 EMA) are flattening, reflecting consolidation rather than continuation. RSI has rebounded from oversold territory, now near 48, suggesting early signs of recovery. A break above 1.3720 would confirm renewed bullish momentum, targeting 1.3760. Conversely, failure to hold above 1.3670 risks deeper retracement toward 1.3620.

Indicator Insights
• RSI: Daily RSI at 44 (mildly bearish); 4 hour RSI recovering from oversold, now near 48.
• MACD: Daily MACD negative but flattening; 4 hour MACD shows potential for bullish crossover.
• Moving Averages: 50 DMA resistance at 1.3740; 200 DMA lower near 1.3550, reinforcing medium term structure.
• Fibonacci Levels: The 38.2% retracement of the February rally lies at 1.3720, aligning with near term resistance.

Scenario Implications
• Bullish Case: If buyers defend 1.3670 and price breaks above 1.3720, USDCAD could stage a corrective rally toward 1.3760, with extended upside toward 1.3800 if USD strength resumes.
• Bearish Case: A decisive break below 1.3670 would expose 1.3620, with further downside risk toward 1.3550 if CAD demand intensifies.
• Neutral Case: Consolidation between 1.3670 and 1.3740 would reflect indecision, with traders awaiting macro catalysts such as oil price trends or Bank of Canada commentary.

Highlighted Levels
• Support: 1.3670, 1.3620, 1.3550
• Resistance: 1.3720, 1.3760, 1.3800

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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.

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[FXOpen Trader]

USDCHF Technical Analysis – 23rd MAR, 2026
USDCHF – On 23 March 2026, USDCHF registered a low at 0.7834

USDCHF – Low 0.7834 (23 March 2026)

Market Context
On 23 March 2026, USDCHF registered a low at 0.7834, marking a critical support zone within its medium term bearish trajectory. The U.S. dollar has been pressured by dovish Federal Reserve commentary and weaker macroeconomic data, while the Swiss franc has benefited from safe haven demand amid global market uncertainty. The dip to 0.7834 reflects renewed CHF strength, but the rejection near this level highlights the market’s sensitivity to risk sentiment. Historically, the 0.7800–0.7850 band has acted as a decisive pivot, often dictating short term directional bias.

Daily Chart Perspective
On the daily timeframe, USDCHF remains in a well defined downtrend, with successive lower highs since late February. The 50 day moving average currently sits near 0.8000, capping upside momentum. RSI on the daily chart is at 38, reflecting a bearish stance after the recent decline. MACD remains negative, with histogram bars expanding, confirming bearish continuation. The low at 0.7834 therefore represents both a technical support and a psychological barrier, where traders will gauge whether the pair can stabilize or extend lower.

4 Hour Chart Analysis
The 4 hour chart shows USDCHF dipping into 0.7834 before stabilizing. Price action has since formed a minor base, with candles showing long lower wicks, indicative of buying interest. Short term moving averages (20 EMA and 50 EMA) are downward sloping, reinforcing bearish bias. RSI has rebounded slightly from oversold territory, now near 42, suggesting early signs of recovery. A break above 0.7880 would confirm renewed bullish momentum, targeting 0.7920. Conversely, failure to hold above 0.7830 risks deeper retracement toward 0.7780.

Indicator Insights
• RSI: Daily RSI at 38 (bearish); 4 hour RSI recovering from oversold, now near 42.
• MACD: Daily MACD negative with widening histogram; 4 hour MACD shows potential for bullish crossover.
• Moving Averages: 50 DMA resistance at 0.8000; 200 DMA lower near 0.8150, reinforcing medium term bearish structure.
• Fibonacci Levels: The 38.2% retracement of the February decline lies at 0.7880, aligning with near term resistance.

Scenario Implications
• Bullish Case: If buyers defend 0.7834 and price breaks above 0.7880, USDCHF could stage a corrective rally toward 0.7920, with extended upside toward 0.8000 if USD strength resumes.
• Bearish Case: A decisive break below 0.7834 would expose 0.7780, with further downside risk toward 0.7700 if CHF demand intensifies.
• Neutral Case: Consolidation between 0.7830 and 0.7880 would reflect indecision, with traders awaiting macro catalysts such as Federal Reserve policy signals or Swiss National Bank commentary.

Highlighted Levels
• Support: 0.7834, 0.7780, 0.7700
• Resistance: 0.7880, 0.7920, 0.8000

#fxopen #forex #forexanalysis

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 ...