AUD/USD Long-Term Trend: Bearish Key Resistance Levels: 0.7088, 0.7148, 0.7213 Key Support Levels: 0.6967, 0.6920, 0.6858 Daily Chart: The price on the higher time frame has been trading in a downtrend for a few weeks. The pair had faced a big rejection around 0.7600 level and picked up bearish momentum. As of now, the price has broken a support level …
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EUR/JPY Potential Upward Movement
EUR/JPY Long-Term Trend: Bullish Key Resistance Levels: 139.21, 140.00, 140.92 Key Support Levels: 137.01, 136.00, 135.01 Daily Chart: The price on the higher time frame has been trading in an uptrend for weeks. The pair had broken the support level of 127.92 but then faced rejection from the downside. The price then picked up momentum and succeeded to break the …
Read More »NZD/USD Potential Downward Movement
NZD/USD Long-Term Trend: Bearish Key Resistance Levels: 0.6593, 0.6644, 0.6750 Key Support Levels: 0.6501, 0.6452, 0.6400 Daily Chart: The price on the higher time frame has been trading in a downtrend for quite some time. The pair formed a rejection wick and started the bearish move. There is good momentum and the price has broken a few support levels. As …
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EUR/USD Long-Term Trend: Bearish Key Resistance Levels: 1.0751, 1.0781, 1.0849 Key Support Levels: 1.0645, 1.0593, 1.0522 Daily Chart: The price on the higher time frame has been trading in a downtrend with occasional pullbacks for a few months and recently it broke a support level of 1.0920. The price has done a retest of that level and continues the trend …
Read More »EUR/GBP Potential Upward Movement
EUR/GBP Long-Term Trend: Bullish Key Resistance Levels: 0.8482, 0.8534, 0.8575 Key Support Levels: 0.8374, 0.8325, 0.8267 Daily Chart: The price on the higher time frame has been trading in a range for months and after facing a rejection from the downside recently the price picked up momentum. We see that the upper range has been broken and we should expect …
Read More »USD/CHF Potential Upward Movement
USD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.9622, 0.9689, 0.9751 Key Support Levels: 0.9498, 0.9437, 0.9329 Daily Chart: The price on the higher time frame has been in an uptrend for the last few months. There was an ascending trendline formation and the price succeeded in breaking a resistance level of 0.9368 and then there was a break and retest …
Read More »CAD/JPY Potential Upward Movement
CAD/JPY Long-Term Trend: Bullish Key Resistance Levels: 103.93, 104.82, 105.79 Key Support Levels: 102.11, 101.56, 100.68 Daily Chart: The price on the higher time frame has been in a strong uptrend for the last few weeks. We see that the price faced small resistance at the 100.12 level and did a pullback but momentum in the Canadian dollar picked up …
Read More »AUD/CAD Potential Downward Movement
AUD/CAD Long-Term Trend: Bearish Key Resistance Levels: 0.9313, 0.9402, 0.9438 Key Support Levels: 0.9218, 0.9177, 0.9113 Daily Chart: The price on the higher time frame has broken a support level of 0.9336 after facing rejection from the upside. The price has also broken the trendline and did a pullback before it continued the momentum to the downside. AUD/CAD Medium-Term Trend: …
Read More »EUR/CAD Potential Downward Movement
EUR/CAD Long-Term Trend: Bearish Key Resistance Levels: 1.3619, 1.3655, 1.3750 Key Support Levels: 1.3544, 1.3495, 1.3442 Daily Chart: The price on the higher time frame has been in a downtrend for the last few months with occasional pullbacks. The price has formed a lower high formation and there are a few rejection wicks from the upside that indicates further continuation …
Read More »USD/CHF Potential Upward Movement
USD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.9510, 0.9575, 0.9641 Key Support Levels: 0.9416, 0.9370, 0.9307 Daily Chart: The price on the higher time frame has been forming higher highs and respecting the trendline. The pair attempted to break the resistance level of 0.9368 but faced a rejection. The price then bounced back from the trendline and has broken that …
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