Daily Forex Analysis

ETH/USDT (Spot) Long-Term Trend: Bullish Key Resistance Levels: 3470.27, 3605.45, 3780.34. Key Support Levels: 3220.12, 3000.89, 2930.45. Daily Time Frame: The price on the higher time frame failed to break a strong support level around the 3066.20 USDT mark, and it left huge wicks to the downside plus a bullish engulfing pattern showing that the buyers are taking control of …

EUR/GBP Long-Term Trend: Bullish Key Resistance Levels: 0.83690, 0.83722, 0.83800. Key Support Levels: 0.83378, 0.83299, 0.83257. 1-Hr Time Frame: The price on the higher time frame failed to break the strong support level around the 0.83360 GBP mark and left a fake breakout after a consolidation period where the buyers took control of the market. In addition, the price succeeded …

USD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.92600, 0.92719, 0.92783 Key Support Levels: 0.92242, 0.92168, 0.92118 4-Hour Chart: Looks like we have a nice bullish channel built up, and if price respects the structure, we may get another bounce and bullish continuation. Additionally, we have an Elliot wave count suggesting we are playing a 3rd wave that should take us …

CAD/JPY Long-Term Trend: Bullish Key Resistance Levels: 92.25, 92.73, 93.05 Key Support Levels: 91.63, 91.18, 90.76 Daily Time-frame: The price on the higher time frame has seen a bullish run and currently, the price looks to continue the trend as we see good momentum. Recently, the chart broke the resistance zone of 91.62 and looks to be sustained above the …

GBP/AUD Long-Term Trend: Bullish Key Resistance Levels: 1.9034, 1.9107, 1.9154 Key Support Levels: 1.8868, 1.8836, 1.8747 Daily Time frame: The price on the higher time frame is in a strong uptrend and we see a pennant breakout pattern here. Price is holding strongly above the breakout zone that indicating a bullish trend and we may see good momentum after some …

AUD/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.06328, 1.06393, 1.07000. Key Support Levels: 1.06078, 1.05901, 1.05501. 1-Hr Time Frame: The price on the higher time frame succeeded to break the bearish channel to the upside and entered into a bullish flag formation which has a tendency to be broken to the upside since the liquidity was found near the highlighted …

USD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.92931, 0.93061, 0.93244. Key Support Levels: 0.92510, 0.92322, 0.92033. 1-Hr Time Frame: The price on the higher time frame is in a clear upward movement where it posted higher highs and lows. A correction has been posted to the strong support around the 0.92500 CHF mark. An engulfing bullish pattern has been posted …

GBP/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.72908, 1.72237, 1.74894. Key Support Levels: 1.71847, 1.70906, 1.70394. 1-Hr Time Frame: The price on the higher time frame failed to break the strong support level around the 1.71898 CAD mark which led to a fake breakout and a move to the upside. A higher low has been posted which signals that the …

USD/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.26943, 1.27263, 1.27717 Key Support Levels: 1.26430, 1.26245, 1.26061 1-Day Chart: We have been trading downwards since December 20th, but it looks like we may be visiting a strong support zone, which may result in sideways movement and possibly some move to the upside as the down trend comes to an end. USD/CAD …

CAD/JPY Long-Term Trend: Bearish Key Resistance Levels: 91.218, 91.354, 91.710 Key Support Levels: 90.295, 89.918, 89.490 1-Day Chart: We have failed to breach the resistance zone, and may now finally see a pullback. We also happen to be inside somewhat of a wedge structure which presents good support levels to trade towards if we do break to the downside.  CAD/JPY …