Daily Forex Analysis

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 …

KSM/USDT (Futures) Long-Term Trend: Bullish Key Resistance Levels: 248.10, 260.79, 265.00. Key Support Levels: 246.75, 240.86, 235.63. 1-Hr Frame: The price on the higher time frame succeeded to break the bearish trendline to the upside after a double bottom formation under the strong support level. This gave the power to the buyers to reverse the market and push it all …

USD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.92076, 0.92225, 0.92317 Key Support Levels: 0.91335, 0.91243, 0.91161 4-Hour Chart: We have seen a bullish impulse wave and are now seeing a correction. If Elliot wave holds, we should get one support in the 50-61.8% area before seeing possible bull side continuation.  USD/CHF Medium-Term Trend:Bullish 1-Hour Chart: We got a well-developed 12345-wave cycle (a) …

AUD/JPY Long-Term Trend: Bullish Key Resistance Levels: 83.244, 83.499, 83.716 Key Support Levels: 82.568, 82.474, 82.152 4-Hour Chart: There may be more upside on this one as we have seen a double bottom and may now be making a play upwards. The diagonal resistance line above may be the next place we see bears come in if we can climb from …

GBP/CHF Long-Term Trend: Bullish Key Resistance Levels: 1.25170, 1.25280, 1.25529. Key Support Levels: 1.24181, 1.24473, 1.24379. 1-Hr Frame: The price on the higher time frame succeeded to break the bearish trendline to the upside after a double bottom formation under the strong support level. This gave the power to the buyers to reverse the market and push it all the …

NZD/USD Long-Term Trend: Bullish Key Resistance Levels: 0.68279, 0.68460, 0.68677. Key Support Levels: 0.67936, 0.67778, 0.67652. 1-Hr Frame: The price on the higher time frame succeeded to break the bearish trendline to the upside after a Wyckoff accumulation phase. This gave the power to the buyers to reverse the market and push it all the way up. NZD/USD Medium-Term Trend: …

AUD/CHF Long-Term Trend: Bearish Key Resistance Levels: 0.65900, 0.65954, 0.66020 Key Support Levels: 0.65621, 0.65401, 0.65277 4-Hour Chart: We made an attempt at consolidating on the diagonal support line, but that failed and we now seem to be making another breakout to the downside.   AUD/CHF Medium-Term Trend: Bearish 1-Hour Chart: Elliot wave signals a (12345)-wave count may be under …

GBP/USD Long-Term Trend: Bearish Key Resistance Levels: 1.3664, 1.3703, 1.3742 Key Support Levels: 1.3597, 1.3554, 1.3473 Daily Time-frame: The price on the higher time frame has recently touched a resistance point and started reversing from there. If we look at the chart, it has been forming similar patterns for the past few months. There is a wick rejection from the …