Daily Forex Analysis

EUR/JPY Long-Term Trend: Bearish Key Resistance Levels: 127.95, 128.64, 129.77 Key Support Levels: 126.19, 125.65, 124.49 Daily Time-frame: The price on the higher time frame was trading in a big range for months with a few attempts at breaking the range to the upside. In each successive attempt, the pair made a lower high than the previous one which indicates …

UNI/USDT (Futures) Potential Long-Term Trend: Bullish Key Resistance Levels: 10.204, 10.419, 10.569. Key Support Levels: 10.000, 9.865, 9.751. 1-Hr Time Frame: The price on the higher time frame failed to break the strong support around the 10.005 USDT mark where it posted an engulfing bullish pattern signaling that the bears were trapped. This could lead to a move higher in …

GBP/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.69209, 1.69473, 1.69626. Key Support Levels: 1.68942, 1.68713, 1.68566. 1-Hr Time Frame: The price on the higher time frame failed to break the strong support around the 1.68955 CAD mark where it posted an engulfing bullish pattern signaling that the bears were trapped. This could lead to a move higher in coming hours. …

HNT/USDT (Futures) Long-Term Trend: Bullish Key Resistance Levels: 25.323, 27.175, 27.684. Key Support Levels: 24.219, 23.430, 23.223. Daily Time Frame: The price on the higher time frame succeeded to break the bearish trendline to the upside after a fake out under the 24.342 USDT support level. An engulfing bullish pattern has been left where it closed above the bespoke support. …

GBP/CHF Long-Term Trend: Bullish Key Resistance Levels: 1.23601, 1.24240, 1.24495. Key Support Levels: 1.22976, 1.22052, 1.22000. Daily Time Frame: The price on the higher time frame failed to break below the strong support level around the 1.22960 CHF mark where an engulfing bullish pattern has been left. This might lead to a trap for bears and then a reversal all …

USD/CAD Long-Term Trend: Bearish Key Resistance Levels: 1.2668, 1.2742, 1.2844 Key Support Levels: 1.2562, 1.2495, 1.2435 Daily Time-frame: The price on the higher time frame has broken a range to the downside after a long time trading in that range. The pair did break to the upside but did not sustain and created a big rejection wick that shows a …

AUD/JPY Long-Term Trend: Bullish Key Resistance Levels: 85.06, 85.72, 86.25 Key Support Levels: 83.68, 82.95, 82.32 Daily Time-frame: The price on the higher time frame has been trading in a range and was facing resistance at 84.09 we see that resistance has been broken. There is good momentum in price and we expect the bullishness to continue. AUD/JPY Medium-Term Trend: …

GBP/JPY Long-Term Trend: Bullish Key Resistance Levels: 155.187, 156.732, 157.276. Key Support Levels: 153.307, 152.686, 152.401. Daily Time Frame: The price on the higher time frame failed to break below the strong support level around the 152.800 JPY mark. This might lead to a trap for bears and then a reversal all the way up toward the resistance levels. Lets …

GBP/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.97300, 1.97690, 1.97999. Key Support Levels: 1.96855, 1.96548, 1.96338. 1-Hour Frame: The price on the higher time frame succeeded to break the bearish trendline to the upside after a fake out where the bears has been trapped. The market retraced to the support area where it left a huge hammer bar with a …

EUR/USD Long-Term Trend: Bearish Key Resistance Levels: 1.1141, 1.1226, 1.1350 Key Support Levels: 1.0970, 1.0839, 1.0657 Daily Time-frame: The price on the higher time frame has been in a downtrend for months and has been moving in bearish formations. Price recently broke the zone to the downside and then there was a sudden pullback to the upside. As of now, …