Key Resistance Levels: 1.2463, 1.2548, 1.2677 Key Support Levels: 1.2295, 1.2195, 1.2035 GBP/CHF Price Long-Term: Bullish Daily Chart: The pair is in a clear uptrend by posting higher highs and lows by breaking all the daily resistances. In addition, the price is trading within an ascending channel which shows that the momentum is positive. GBP/CHF Medium-Term Trend: Bullish 4-hour Chart: On the …
Read More »Joe Damien
EUR/CAD Potential Downside Movement
Key Resistance Levels: 1.5424, 1.5552, 1.5656 Key Support Levels: 1.5270, 1.5197, 1.5078 EUR/CAD Price Long-Term: Bearish Daily Chart: The pair is in a clear downtrend and managed to break the daily support @ 1.5424 and re-test it. The bears are in control and overwhelming the buyers which causing the sell pressure on the EUR/CAD. EUR/CAD Medium-Term Trend: Bearish 1-hour Chart: On the …
Read More »AUD/JPY Potential Upside Movement
Key Resistance Levels: 81.30, 82.08, 82.78 Key Support Levels: 80.26, 79.69, 78.76 AUD/JPY Price Long-Term: Bullish Daily Chart: The pair is in a clear uptrend on daily time frame before entering a flag formation signaling an exhaustion of the trend. However, the price managed to break the flag pattern to the upside and retrace to the daily support level @ 80.82 price. …
Read More »USD/CAD Potential Downside Movement
Key Resistance Levels: 1.2767, 1.2797, 1.2830 Key Support Levels: 1.2695, 1.2665, 1.2630 USD/CAD Price Long-Term: Bearish Daily Chart: The pair is in a clear downtrend on Daily time frame where we can see a double top formation around the 1.2860 level. We have a breakout of the daily support @ 1.2767 mark and the price posted a big engulfing bearish candlestick which …
Read More »EUR/CHF Potential Upside Movement
Key Resistance Levels: 1.0864, 1.0914, 1.0957 Key Support Levels: 1.0799, 1.0745, 1.0689 EUR/CHF Price Long-Term: Bullish Daily Chart: The pair was in a downtrend with the beginning of January 2021, before reaching a strong daily support @ 1.0745 level. The price posted a double bottom around this level and started to move upward. EUR/CHF Medium-Term Trend: Bullish 4-hour Chart: On the 4-hour …
Read More »