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 Potential Downward Movement
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 …
Read More »GBP/USD Potential Upward Movement
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. …
Read More »USD/CAD Potential Downward Movement
USD/CAD Long-Term Trend: Neutral Key Resistance Levels: 1.2776, 1.2850, 1.2945 Key Support Levels: 1.2640, 1.2497, 1.2307 Daily Time-frame: The price on the higher time frame is under a key resistance point and looks like a reversal but the price is still maintaining above the Support and there is no clear direction yet. Bearish bias seems strong as long as it …
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