Daily Forex Analysis

CAD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.72757, 0.73000, 0.73438. Key Support Levels: 0.72477, 0.72211, 0.71969. 1-Hr Frame: The price on the higher time frame succeeded to break the descending trendline to the upside after posting a higher low. In addition the market managed to break the previous lower higher showing that the buyers are in control of the market. …

CHF/JPY Long-Term Trend: Bullish Key Resistance Levels: 125.583, 125.851, 126.271. Key Support Levels: 124.635, 124.233, 124.000. 1-Hr Frame: The price on the higher time frame succeeded to break the bullish flag formation to the upside and as well it broke the bearish trendline. This shows that a huge positive momentum is there and a clear indication that the bulls are …

USD/JPY Long-Term Trend: Bullish Key Resistance Levels: 114.004, 114.222, 114.536. Key Support Levels: 113.643, 113.484, 113.350. 1-Hr Frame: The price on the higher time frame is ranging between two parallel lines that are acting as a support and resistance with a respective price level of 113.600 & 114.000 JPY. The market reached the lower end of this channel where it …

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. …

GBP/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.70654, 1.70812, 1.71091. Key Support Levels: 1.70330, 1.70199, 1.70112. 1-Hr Frame: The price on the higher time frame is controlled by buyers where they managed to break a strong resistance zone (now support) around the 1.70332 CAD mark. The market retraced to the new support and now its accumulating more buyers to push …

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 …

AUD/JPY Long-Term Trend: Bearish Key Resistance Levels: 82.150, 82.422, 82.714 Key Support Levels: 81.809, 81.679, 81.320 4-Hour Chart: The long term trend is bearish, but we seem to be playing a zig-zag pattern. If this is maintained, we need to see a push back to the resistance line of the pattern and then possibly come back down again. AUD/JPY Medium-Term Trend: Bullish …

GBP/NZD Long-Term Trend: Bullish Key Resistance Levels: 2.03153, 2.04308, 2.05401. Key Support Levels: 2.01870, 2.01409, 2.01042. 1-Hr Frame: The price on the higher time frame is in a clear upward movement where we have seen already higher highs and lows above the accumulation phase. The market might be inside a bullish channel formation where it could be pushed all the …

EUR/AUD Long-Term Trend: Bullish Key Resistance Levels: 1.58498, 1.58825, 1.59000. Key Support Levels: 1.57431, 1.56840, 1.56032. 1-Hr Frame: The price on the higher time frame succeeded to break the bearish trendline to the upside after the bears were trapped and this led to a reversal and a move to the upside. This uptrend can be noticed by the higher highs …

ATOM/USD Long-Term Trend: Bullish Key Resistance Levels: 41.354, 43.050, 43.631 Key Support Levels: 38.224, 37.151, 36.048 4-Hour Chart: From an Elliot wave perspective we have what may be an (ABCDE) setup, and the (E)-wave may be our current cycle. We have also established somewhat of a bullish channel and are coming off of the lows of that channel. Long term, I …