Technical Analysis 25.09.2024

NZDCAD

The NZD/CAD pair is currently in an upward trend across multiple timeframes. On the 4H chart, the RSI is at a neutral 55.54, with a green Supertrend indicating a continuing uptrend, though low volume (1.856K) suggests caution. In the 15M timeframe, the RSI is slightly positive at 57.57, with a short-term uptrend confirmed by the green Supertrend, but again, low volume raises a flag for careful trading. The 1D chart shows a stronger outlook with the RSI in the positive zone at 63.41, a green Supertrend indicating a sustained long-term uptrend, and high volume (88.702K) supporting the trend’s strength. Overall, while the short-term requires vigilance due to low volume, the general trend is positive, especially in the daily timeframe.

USDJPY

The USD/JPY pair is exhibiting a downtrend across multiple timeframes. On the 4H chart, the RSI is slightly positive at 57.37, but the Supertrend is red, indicating the continuation of a bearish trend, with moderate volume (5.701K) suggesting caution. In the 15M timeframe, the RSI is neutral at 48.70, and the red Supertrend confirms a short-term bearish outlook, with moderate volume again calling for vigilance. On the 1D chart, the RSI is in the negative zone at 45.82, with a red Supertrend signaling a sustained long-term downtrend, supported by high volume (313.948K). Overall, the pair remains in a downtrend across all timeframes, with high daily volume reinforcing the bearish outlook.

CADCHF

The CAD/CHF pair shows an overall upward trend, particularly in the 4H and 1D timeframes. On the 4H chart, the RSI is at 68.26, nearing overbought territory, with a green Supertrend indicating a continued uptrend, though low volume (1.736K) suggests caution. In the 15M timeframe, the RSI is neutral at 49.48, with a red Supertrend signaling a short-term downtrend, accompanied by low volume. On the 1D chart, the RSI is neutral at 53.74, and the green Supertrend confirms a long-term bullish trend, supported by high volume (71.287K). Overall, while there is a short-term dip, the general outlook remains positive, particularly in the longer timeframes.

GBPCAD

The GBP/CAD pair is experiencing a sustained upward trend across multiple timeframes. On the 4H chart, the RSI is neutral at 50.56, with a green Supertrend confirming a continuing uptrend, though moderate volume (5.471K) suggests caution. In the 15M timeframe, the RSI is nearing overbought levels at 66.37, with a green Supertrend indicating a short-term uptrend, supported by moderate volume. On the 1D chart, the RSI is positive at 65.62, and the green Supertrend points to a long-term bullish trend, further reinforced by high volume (152.94K). Overall, the trend remains positive across all timeframes, especially in the longer term.