USD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.9233, 0.9307, 0.9372 Key Support Levels: 0.9160, 0.9095, 0.9055 Daily Chart: The price on the higher time frame succeeded to break the bearish channel to the upside where it rallied and started to post higher highs and lows showing that we are in a clear uptrend. The pair faced a strong resistance around …
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AUD/NZD Potential Downward Movement
AUD/NZD Long-Term Trend: Bearish Key Resistance Levels: 1.0751, 1.0770, 1.0800 Key Support Levels: 1.0720, 1.0705, 1.0700 Daily Chart: The price on the higher time frame failed to break the daily resistance around the 1.0810 USD mark which led to a reversal. The trend now is to the downside, where it managed to break several supports. We are expecting further movement …
Read More »GBP/USD Potential Upward Movement
GBP/USD Long-Term Trend: Bullish Key Resistance Levels: 1.4005, 1.4033, 1.4073 Key Support Levels: 1.3955, 1.3924, 1.3859 1-Hour Chart: The price on the higher time frame is posting higher highs and lows which shows that we are in a clear uptrend. The price posted a correction count around the 1.3955 USD mark where we expect after it an impulsive wave in …
Read More »EUR/USD Potential Upward Movement
EUR/USD Long-Term Trend: Bullish Key Resistance Levels: 1.1987, 1.2023, 1.2050 Key Support Levels: 1.1921, 1.1860, 1.1800 Daily Chart: The price on the higher time frame failed to break a strong support around the 1.1860 USD mark, and posted a bullish engulfing pattern around this level. This could lead to a reversal from a downward movement to an upward one. EUR/USD …
Read More »GBP/AUD Potential Downward Movement
GBP/AUD Long-Term Trend: Bearish Key Resistance Levels: 1.8455, 1.8501, 1.8550 Key Support Levels: 1.840, 1.8368, 1.8350 1-Hour Chart: The price on the higher time frame succeeded to post a double top that led to a reversal. The price is traded now below the neckline of this pattern where we expect a correction before the move to the downside again. GBP/AUD …
Read More »GBP/CHF Potential Upward Movement
GBP/CHF Long-Term Trend: Bullish Key Resistance Levels: 1.2862, 1.2894, 1.2900 Key Support Levels: 1.2798, 1.2725, 1.2691 Daily Chart: The price on the higher time frame succeeded to break the parallel channel to the upside by posting a bullish candlestick with a big body showing that the bulls are in control. Usually, when a range channel is violated a big move …
Read More »NZD/CAD Potential Upward Movement
NZD/CAD Long-Term Trend: Bullish Key Resistance Levels: 0.8663, 0.8679, 0.8700 Key Support Levels: 0.8647, 0.8626, 0.8600 Daily Chart: The price on the higher time frame failed to probe below the strong daily support around the 0.8635 USD mark. This led to a fake breakout and reversal which could mean a move upward is most likely in the coming hours. NZD/CAD …
Read More »USD/JPY Potential Upward Movement
USD/JPY Long-Term Trend: Bullish Key Resistance Levels: 110.31, 110.45, 110.54 Key Support Levels: 110.15, 110.04, 109.94 1 – Hour Chart: The price is trending to the upside by posting higher highs and lows. It is bouncing inside a bullish channel formation where it managed to break the strong resistance around the 110.15 USD mark. This strong resistance is now the …
Read More »EUR/NZD Potential Upward Movement
EUR/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.7162, 1.7279, 1.7347 Key Support Levels: 1.7037, 1.6986, 1.6894 Daily Chart: The price is trending to the upside by posting higher highs and lows. It is bouncing inside a bullish channel formation where it managed to break the strong daily resistance around the 1.7037 USD mark. This daily strong resistance is now the …
Read More »EUR/AUD Potential Upward Movement
EUR/AUD Long-Term Trend: Bullish Key Resistance Levels: 1.5891, 1.5936, 1.6000 Key Support Levels: 1.5832, 1.5772, 1.5724 Daily Chart: The price is trending to the upside by posting higher highs and lows. A correction count is being build in a form of an expanding wedge. The price managed to break the strong resistance around the 1.5832 USD mark which could lead …
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