Daily Forex Analysis

USOIL Long-Term Trend: Bullish Key Resistance Levels: 78.21, 79.20, 80.53. Key Support Levels: 76.86, 75.04, 73.71. 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. The market recently managed to break the bullish flag to the upside and retraced to the strong …

EUR/USD Long-Term Trend: Bullish Key Resistance Levels: 1.13126, 1.13235, 1.13309 Key Support Levels: 1.12798, 1.12714, 1.12581 4-Hour Chart: Long term, we are currently trading in a rising wedge. Within this wedge, we look to be chasing for support and the trend line below looks attractive for a bounce. Additionally, we have an Elliot wave count signalling a possible decline for …

AUD/CAD Long-Term Trend: Bullish Key Resistance Levels: 0.92445, 0.92707, 0.92822. Key Support Levels: 0.92037, 0.91897, 0.91680. 1-Hr Time Frame: The price on the higher time frame succeeded to break the bearish trendline to the upside after posting a double bottom formation which led to a reversal. the market as well managed to break the resistance level (now support) around the …

AUD/USD Long-Term Trend: Bearish Key Resistance Levels: 0.7278, 0.7324, 0.7423 Key Support Levels: 0.7180, 0.7126, 0.7077 Daily Time-frame: The price on the higher time frame has been in a bearish move for a few months and recently we saw it moving in ascending channel. The chart shows us a repetition of a similar pattern and price didn’t break previous high. …

NZD/CAD Long-Term Trend: Bullish Key Resistance Levels: 0.86629, 0.86850, 0.87044 Key Support Levels: 0.86484, 0.86302, 0.86195 4-Hour Chart: We have seen a completed bullish cycle, followed by a big correction taking out 61.8% of the entire bullish move. If current support holds and we maintain sideways direction , we may see a recovery on NZDCAD as it tries to retest …

ZRX/USDT (Futures) Long-Term Trend: Bullish Key Resistance Levels: 1.0392, 1.1570, 1.2554. Key Support Levels: 0.9355, 0.8986, 0.8254. Daily Time Frame: The price on the higher time frame succeeded to break the bearish trendline to the upside after posting a double bottom formation which led to a reversal. the market as well managed to break the resistance level (now support) around …

USD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.92431, 0.92570, 0.92650. Key Support Levels: 0.91715, 0.91516, 0.91153. Daily Time Frame: The price on the higher time frame posted an engulfing bullish pattern near the strong support level around 0.91200 CHF mark and reversed to the upside. In addition, it succeeded to break the resistance level around the 0.91800 CHF mark which …

CAD/JPY Long-Term Trend: Bearish Key Resistance Levels: 91.002, 91.463, 91.710 Key Support Levels: 90.354, 89.458, 89.458 Daily Chart: The price on a higher timeframe is approaching a potential exhaustion zone, whilst simultaneously illustrating what may be a completed Elliot wave cycle. If the price fails to settle above the 91.4 area, we may see a big pullback out of this …

NZD/JPY Long-Term Trend: Bullish Key Resistance Levels: 78.955, 79.252, 79.475. Key Support Levels: 78.610, 78.447, 78.359. 1-Hr Time Frame: The price on the higher time frame is in a clear upward movement where the market is traded inside a bullish channel formation. The pair is correction to the highlighted support where after it a new bullish impulsive wave could be …

USD/CAD Long-Term Trend: Neutral Key Resistance Levels: 1.2776, 1.2850, 1.2945 Key Support Levels: 1.2640, 1.2497, 1.2307 Daily Time-frame: The price on the higher time frame is under a key resistance point and looks like a reversal but the price is still maintaining above the Support and there is no clear direction yet. Bearish bias seems strong as long as it …