Technical Analysis 24.09.2024

EURJPY

The EUR/JPY pair is exhibiting a downtrend across short, medium, and long-term charts. On the 15-minute chart, volume indicates strong price movements, with the RSI at 67.54, nearing overbought territory, while Supertrend at 159.611 suggests a short-term downtrend. On the 4-hour chart, increased volume and an RSI of 57.55 place the pair in a neutral zone, with Supertrend at 158.639 signaling a medium-term downtrend. On the daily chart, volume remains elevated, with the RSI at 48.61 in the neutral range, and Supertrend at 161.242 confirming a long-term downtrend. The rising volume across all timeframes points to robust price action, and the continuation of the downtrend is likely as long as the price stays below the respective Supertrend levels.

NZDCAD

The NZD/CAD pair is in an uptrend across short, medium, and long-term charts. On the 15-minute chart, volume is low, indicating weak price movements, with the RSI at 64.55, nearing overbought territory, while the Supertrend at 0.84705 suggests a short-term uptrend. On the 4-hour chart, increasing volume and an RSI of 62.45 place the pair in a neutral zone, with the Supertrend at 0.84231 confirming a medium-term uptrend. On the daily chart, volume remains elevated, with the RSI at 63.60 also in the neutral zone, and Supertrend at 0.82979 supporting a long-term uptrend. Overall, the rising volume on higher timeframes shows strong price action, and the continuation of the uptrend is likely as long as the price remains above the respective Supertrend levels.

EURAUD

The EUR/AUD pair is in a downtrend across short, medium, and long-term charts. On the 15-minute chart, volume is low, indicating weak price movements, with the RSI at 29.60 in the oversold region, and the Supertrend at 1.62265 signaling a short-term downtrend. On the 4-hour chart, increased volume and an RSI of 21.13 place the pair deeply in the oversold zone, with the Supertrend at 1.63154 confirming a medium-term downtrend. On the daily chart, volume remains elevated, with the RSI at 34.48 near oversold levels, and the Supertrend at 1.65753 supporting a long-term downtrend. The rising volume indicates strong price movement, and as long as the price remains below the Supertrend levels, the downtrend is likely to continue.

USDCHF

The USD/CHF pair is in a downtrend across short, medium, and long-term charts. On the 15-minute chart, volume is low, indicating weak price movements, with the RSI at 55.07 in the neutral zone, while the Supertrend at 0.84791 suggests a short-term downtrend. On the 4-hour chart, increasing volume and an RSI of 48.41 also place the pair in neutral territory, with the Supertrend at 0.84298 confirming a medium-term downtrend. On the daily chart, volume remains elevated, with the RSI at 41.18 near the lower end of the neutral range, and the Supertrend at 0.86379 indicating a long-term downtrend. Rising volume suggests strong price movement, and the downtrend is likely to persist as long as the price remains below the Supertrend levels.