Daily Forex Analysis

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 …

CAD/JPY Long-Term Trend: Bearish Key Resistance Levels: 91.284, 91.673, 91.7000. Key Support Levels: 90.350, 89.916, 89.458. 4-Hr Time Frame: The price on the higher time frame managed to break the bullish channel formation to the downside and moved higher again. however, it failed to break the previous swing high and posted an engulfing bearish candlestick showing that the sellers took …

USD/CAD Long-Term Trend: Bearish Key Resistance Levels: 1.2690, 1.2767, 1.2815 Key Support Levels: 1.2581, 1.2495, 1.2422 Daily Time-frame: The price on the higher time frame has been in a downtrend for many days and we saw a pullback. Price touched a resistance zone of 1.2815 and then it made a rejection candle. We expect the pair to continue the bearish …

EUR/AUD Long-Term Trend: Bearish Key Resistance Levels: 1.58525, 1.58796, 1.59009 Key Support Levels: 1.57468, 1.57175, 1.56883 4-Hour Chart: EURAUD seems to be facing massive resistance off of the resistance trend line. If this holds, we can expect more downside. However, we have traded down to a support area, and may now see a push to test the trend line and …

USD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.92438, 0.92656, 0.92918. Key Support Levels: 0.92025, 0.91921, 0.91809. 1-Hr Time Frame: The price on the higher time in in a clear upward movement where a series of higher highs and lows has been posted. Recently, the market made a correction to the highlighted support level where we are expecting now a new …

USD/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.27914, 1.28327, 1.29029 Key Support Levels: 1.26935, 1.26682, 1.26400 4-Hour Chart: Since the low on December 31st, we have seen some bullish momentum build, which subsided when met with the resistance zone. Thereafter, we got a pullback which is currently finding support in the 50-61.8% retracement area. If this holds, we may see …

GBP/CHF Long-Term Trend: Bullish Key Resistance Levels: 1.25187, 1.26617, 1.27295. Key Support Levels: 1.24211, 1.23549, 1.22809. Daily Time Frame: The price on the higher time frame is in a clear upward movement where a series of higher highs and lows has been posted after breaking the bearish channel to the upside by posting a double bottom pattern. A move to …

EUR/USD Long-Term Trend: Bullish Key Resistance Levels: 1.13413, 1.13518, 1.13602 Key Support Levels: 1.13090, 1.13023, 1.12860 4-Hour Chart: We made an attempt at breaking out of the long term wedge but failed and fell back inside of the wedge. However, since then we have again tested the resistance line and failed again, but the market still looks determined to push …