Daily Forex Analysis

USD/CAD Long-Term Trend: Bearish Key Resistance Levels: 1.2655, 1.2752, 1.2810 Key Support Levels: 1.2504, 1.2469, 1.2405 Daily Time-frame: The price on the higher time frame has recently broken dynamic support of 1.2609 and heading towards the downward direction. We can also see rejection wicks in recent candles. We expect the move to continue with some momentum. USD/CAD Medium-Term Trend: Bearish …

AUD/USD Long-Term Trend: Bearish Key Resistance Levels: 0.7179, 0.7231, 0.7272 Key Support Levels: 0.7090, 0.7038, 0.6990 Daily Time-frame: The price on the higher time frame has been in a downtrend for quite some time and recently we say a retest at price after the fall. It touched the trendline resistance and was rejected from there. We should expect the trend …

AUD/CHF Long-Term Trend: Bearish Key Resistance Levels: 0.65718, 0.65750, 0.65802 Key Support Levels: 0.65407, 0.65090, 0.64930 3-Hour Chart: We have seen an 11 day bear market followed by a bullish correction. The correction took us into a resistance area that may kick off another bearish move if we fail to breach it. We got one fail already and are currently …

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 …