Daily Forex Analysis

EUR/JPY Long-Term Trend: Bullish Key Resistance Levels: 130.476, 130.981, 131,869 Key Support Levels: 129.624, 129.073, 128.550. Daily Time Frame: The price on the higher time frame posted a double bottom formation near the 127.992 JPY mark which led to a change in direction from a downward move to an upward one. The market succeeded to break a strong resistance zone …

CHF/JPY Long-Term Trend: Bullish Key Resistance Levels: 125.177, 125.473, 126.000. Key Support Levels: 124.414, 123.528, 122.784. Daily Time Frame: The price on the higher time frame posted a Wyckoff accumulation phase under a strong support zone near the 123.600 JPY mark. the market shifter from a downward movement to an upward one where we expect this to continue after breaking …

KNC/USDT (Futures) Long-Term Trend: Bullish Key Resistance Levels: 1.466, 1.516, 1.600, Key Support Levels: 1.358, 1.260, 1.204. Daily Time Frame: The price on the higher time frame succeeded to break the bearish channel to the upside and posted a double bottom formation near the strong support level 1.260 USDT mark. the market managed to break the strong resistance around the …

USD/JPY Long-Term Trend: Bullish Key Resistance Levels: 0.92526, 0.92946, 0.93000. Key Support Levels: 0.91958, 0.91754, 0.91000. Daily Time Frame: The price on the higher time frame is traded inside a parallel channel where now it is residing near the strong support level around the 0.91950 JPY mark. we expect that the market will be rejected from this are and pushed …

NKN/USDT (Futures) Long-Term Trend: Bullish Key Resistance Levels: 0.39097, 0.40864, 0.42674. Key Support Levels: 0.36056, 0.33479, 0.32465. 1-Hr Time Frame: The price on the higher time frame was in a clear uptrend where a series higher highs and lows has been posted. The market succeeded to break a strong resistance at 0.36000 USDT mark where a correction has been posted. …

GBP/NZD Long-Term Trend: Bearish Key Resistance Levels: 1.96348, 1.96926, 1.98136. Key Support Levels: 1.95349, 1.93999, 1.93631. Daily Time Frame: The price on the higher time frame was in a clear uptrend until it failed to break a strong resistance around the 1.96348 NZD mark. as well, at the end of this trend we can see that the bars are overlapping …

AUD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.66631, 0.66990, 0.67847. Key Support Levels: 0.65965, 0.65931, 0.64205. Daily Time Frame: The price on the higher time frame posted a throw over at the lower end of the channel where we can see free bars outside of this pattern signaling a sell climax and this led to a change in character of …

EOS/USDT (Futures) Long-Term Trend: Bullish Key Resistance Levels: 3.641, 3.735, 3.899. Key Support Levels: 3.109, 2.508, 2.250. Daily Time Frame: The price on the higher time frame failed to break a strong support level around the 3.100 USDT mark where a series of higher lows has been posted. This shows that the buyers might took control of the market and …

GBP/AUD Long-Term Trend: Bearish Key Resistance Levels: 1.85596, 1.86119, 1.86296. Key Support Levels: 1.84322, 1.83679, 1.8300. Daily Time Frame: The price on the higher time frame posted a correction near the 1.86000 AUD mark and failed to break the highlighted zone to the upside. We have seen as well a doji candlestick showing that the market could reverse near this …

AUD/USD Long-Term Trend: Bullish Key Resistance Levels: 0.71713, 0.72232, 0.73000. Key Support Levels: 0.71118, 0.70921, 0.70632. 1-Hr Time Frame: The price on the higher time frame failed to break the strong support zone around the 0.7110 USD mark and left a fake breakout (highlighted in a yellow rectangle). The market reversed and moved higher where higher lows has been posted …