Daily Forex Analysis

CHF/JPY Long-Term Trend: Bullish Key Resistance Levels: 124.222, 124.497, 125.023 Key Support Levels: 123.533, 123.262, 122.837. Daily Time Frame: The price on the higher time frame managed to break the bearish channel to the upside after posting a Wyckoff accumulation phase. The market is posting higher lows signaling that the a new trend to the upside is about to happen. …

EUR/USD Long-Term Trend: Bearish Key Resistance Levels: 1.12675, 1.13449, 1.14000. Key Support Levels: 1.12332, 1.12074, 1.11866. Daily Time Frame: The price on the higher time frame is in a clear downward movement where the price posted a correction near the strong resistance level (highlighted blue zone) around the 1.13460 USD mark. We can see as well an engulfing bearish pattern …

GBP/AUD Long-Term Trend: Bullish Key Resistance Levels: 1.87590, 1.89341, 1.91314. Key Support Levels: 1.85917, 1.84134, 1.82572. Daily Time Frame: The price on the higher time frame found support around the 1.84000 AUD mark which coincides with the 61.80% Fibonacci retracement level. the market succeeded to break the 1.86000 AUD level by closing above it. This shows that the buyers are …

EUR/CHF Long-Term Trend: Bullish Key Resistance Levels: 1.04510, 1.05085, 1.05358. Key Support Levels: 1.03989, 1.03783, 1.03168. Daily Time Frame: The price on the higher time frame found support around the 1.04000 CHF mark where the price posted an engulfing bullish pattern. This led to a reversal and a beginning of a new trend to the upside. The market now is …

CHF/JPY Long-Term Trend: Bullish Key Resistance Levels: 123.488, 123.871, 124.273. Key Support Levels: 123.087, 122.742, 122.530. 1-Hr Time Frame: The price on the higher time frame succeeded to break the bullish flag to the upside after finding buyers around the 50% Fibonacci retracement level. the market is traded now above a major resistance level (now support) and is expecting to …

EUR/JPY Long-Term Trend: Bullish Key Resistance Levels: 128.583, 128.690, 129.004. Key Support Levels: 128.171, 128.010, 127.954. 1-Hr Time Frame: The price on the higher time frame found support around the 128.000 JPY mark where it posted a double bottom signaling a potential move to the upside. In addition, this shows that the market is controlled by buyers, we can see …

NZD/CAD Long-Term Trend: Bullish Key Resistance Levels: 0.68581, 0.69169, 0.69583. Key Support Levels: 0.67875, 0.67414, 0.67000. Daily Time Frame: The price on the higher time frame failed to continue its downward movement where it bounced to the upside around the 0.67500 CAD mark. An inverse head and shoulders is being formed signaling that the market is about to reverse. NZD/CAD …

GBP/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.95909, 1.96358, 1.96821. Key Support Levels: 1.94785, 1.94476, 1.9400. 1-Hr Time Frame: The price on the higher time frame we can see that the market reversed and broke the bearish channel to the upside and started to post higher highs and lows signaling that we are in a clear upward movement. GBP/NZD Medium-Term …

EUR/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.44183, 1.44667, 1.45169. Key Support Levels: 1.43413, 1.42449, 1.41713. Daily Time Frame: The price on the higher time frame failed to continue its move to the downside below the 1.43000 CAD mark where it posted a big bodied bullish bar and closed above it. This could lead to a move higher and most …

DOT/USDT (Futures) Long-Term Trend: Bullish Key Resistance Levels: 32.165, 38.116, 39.000. Key Support Levels: 26.302, 25.433, 24.500. Daily Time Frame: The price on the higher time frame failed to continue its move to the downside below the 26.171 USDT mark where it posted an engulfing bullish pattern. This could lead to a move higher and most probably to a reversal …