USD/CAD Long-Term Trend: Bearish Key Resistance Levels: 1.2655, 1.2752, 1.2810 Key Support Levels: 1.2504, 1.2469, 1.2405 Daily Time-frame: The price on the higher time frame has recently broken dynamic support of 1.2609 and heading towards the downward direction. We can also see rejection wicks in recent candles. We expect the move to continue with some momentum. USD/CAD Medium-Term Trend: Bearish …
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AUD/USD Potential Downward Movement
AUD/USD Long-Term Trend: Bearish Key Resistance Levels: 0.7179, 0.7231, 0.7272 Key Support Levels: 0.7090, 0.7038, 0.6990 Daily Time-frame: The price on the higher time frame has been in a downtrend for quite some time and recently we say a retest at price after the fall. It touched the trendline resistance and was rejected from there. We should expect the trend …
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USD/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.2635, 1.2701, 1.2778 Key Support Levels: 1.2575, 1.2524, 1.2457 Daily Time-frame: The price on the higher time frame has been in a downtrend for the last many days and recently we saw rejection candles from the downside. Price has broken a small resistance point of 1.2575 and has maintained to trade above that. …
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AUD/USD Long-Term Trend: Bearish Key Resistance Levels: 0.7191, 0.7225, 0.7276 Key Support Levels: 0.7147, 0.7115, 0.7083 Daily Time-frame: The price on the higher time frame, the price was moving in a channel up pattern and recently we have seen a breakout of the channel in the downside. There were also rejection wicks and the price looks to be sustained under …
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GBP/USD Long-Term Trend: Bearish Key Resistance Levels: 1.3664, 1.3703, 1.3742 Key Support Levels: 1.3597, 1.3554, 1.3473 Daily Time-frame: The price on the higher time frame has recently touched a resistance point and started reversing from there. If we look at the chart, it has been forming similar patterns for the past few months. There is a wick rejection from the …
Read More »CAD/JPY Potential Upward Movement
CAD/JPY Long-Term Trend: Bullish Key Resistance Levels: 92.25, 92.73, 93.05 Key Support Levels: 91.63, 91.18, 90.76 Daily Time-frame: The price on the higher time frame has seen a bullish run and currently, the price looks to continue the trend as we see good momentum. Recently, the chart broke the resistance zone of 91.62 and looks to be sustained above the …
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GBP/AUD Long-Term Trend: Bullish Key Resistance Levels: 1.9034, 1.9107, 1.9154 Key Support Levels: 1.8868, 1.8836, 1.8747 Daily Time frame: The price on the higher time frame is in a strong uptrend and we see a pennant breakout pattern here. Price is holding strongly above the breakout zone that indicating a bullish trend and we may see good momentum after some …
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USD/CAD Long-Term Trend: Bearish Key Resistance Levels: 1.2690, 1.2767, 1.2815 Key Support Levels: 1.2581, 1.2495, 1.2422 Daily Time-frame: The price on the higher time frame has been in a downtrend for many days and we saw a pullback. Price touched a resistance zone of 1.2815 and then it made a rejection candle. We expect the pair to continue the bearish …
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GBP/USD Long-Term Trend: Bullish Key Resistance Levels: 1.3607, 1.3697, 1.3820 Key Support Levels: 1.3464, 1.3411, 1.3284 Daily Time-frame: The price on the higher time frame has seen a reversal in trend and has shown good momentum in the long side. Recently we have also seen rejection from the downside and with good volume, we can see a move towards 1.38 …
Read More »AUD/USD Potential Downward Movement
AUD/USD Long-Term Trend: Bearish Key Resistance Levels: 0.7278, 0.7324, 0.7423 Key Support Levels: 0.7180, 0.7126, 0.7077 Daily Time-frame: The price on the higher time frame has been in a bearish move for a few months and recently we saw it moving in ascending channel. The chart shows us a repetition of a similar pattern and price didn’t break previous high. …
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