Daily Forex Analysis

AUD/JPY Long-Term Trend: Bullish Key Resistance Levels: 84.94, 85.45, 85.65 Key Support Levels: 84.05, 83.42, 82.42 Daily Chart: The price on the higher time frame it is trading inside a parallel channel pattern where the 82.42 & 84.94 USD levels are the support and resistance respectively. The price managed to bounce on the support and managed to break all the resistances …

LTC/USDT Long-Term Trend: Bullish Key Resistance Levels: 207.17, 214.03, 230.23 Key Support Levels: 196.01, 185.00, 177.60 Daily Chart: The price on the higher time frame it is trading inside an expanding wedge formation where the price managed to break the bullish flag formation to the upside. Also, we can notice that the price is posting higher highs and lows signaling that …

GBP/CHF Long-Term Trend: Bullish Key Resistance Levels: 1.2973, 1.3114, 1.3312 Key Support Levels: 1.2973, 1.2882, 1.2800 Daily Chart: The price managed on the daily time frame managed to break the correction pattern (bullish flag) to the upside, and as well it succeeded to break the daily resistance around the 1.2979 USD level. GBP/CHF Medium-Term Trend: Bullish 1-hour Chart: On the 1-hr …

EUR/CAD Long-Term Trend: Bearish Key Resistance Levels: 1.4796, 1.4974, 1.5056 Key Support Levels: 1.4714, 1.4653, 1.4615 Daily Chart: The price is trading to the downside by showing lower lows and highs. So, we are in a downtrend which why we will consider a sell position. Currently, we are in a correction phase before the market continue its main direction to the …

EUR/JPY Long-Term Trend: Bullish Key Resistance Levels: 129.93, 131.18, 132.00 Key Support Levels: 128.46, 127.34, 125.07 Daily Chart: The price is trading inside an ascending channel formation where the price posted a correction count and stalled near the trendline support. After this retracement, the price rallied and moved to the upside to test the 129.93 USDT level. EUR/JPY Medium-Term Trend: Bullish …

GBP/AUD Long-Term Trend: Bullish Key Resistance Levels: 1.8111, 1.8241, 1.8300 Key Support Levels: 1.8000, 1.7825, 1.7693 Daily Chart: The price is in a clear uptrend where its showing higher highs and lows. The price today managed to break a strong resistance which is the 1.8111 USDT level. A lower correction might be seen before continuing its main direction to the upside. …

CHF/JPY Long-Term Trend: Bullish Key Resistance Levels: 117.95, 118.80, 119.20 Key Support Levels: 116.18, 115.20, 113.79 Daily Chart: The price is trading inside a parallel channel which is made by a support & support levels with values of 116.18 & 117.95 USD respectively. Our expectation is a move upward toward the daily support. CHF/JPY Medium-Term Trend: Bullish 4-hour Chart: On the …

EUR/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.6980, 1.7042, 1.7265 Key Support Levels: 1.6757, 1.6536, 1.6403 Daily Chart: The price managed to break the bearish channel formation to the upside where it is posting now higher highs and lows signaling a beginning of a new trend to the upside. Currently, the price is at the end of the correction before moving …

BTC/USDT Long-Term Trend: Bullish Key Resistance Levels: 60000, 61795, 62500 Key Support Levels: 57500, 54925, 52682 Daily Chart: The price succeeded to break the bullish channel formation to the upside, and also broke a critical zone which is the 57500 USDT mark. A correction might be seen before the market rallies again to the upside. BTC/USDT Medium-Term Trend: Bullish 4-hour Chart: …

AUD/USD Long-Term Trend: Bearish Key Resistance Levels: 0.7639, 0.7716, 0.7821 Key Support Levels: 0.7517, 0.7412, 0.7240 Daily Chart: The price was trading inside a bullish channel before managing to break it to the downside with a big bearish candlestick. The price currently is testing the 0.7639 USD level (resistance) before it move to the downside again. AUD/USD Medium-Term Trend: Bearish 4-hour …