Daily Forex Analysis

GBP/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.97903, 1.99564, 2.00732. Key Support Levels: 1.95091, 1.94137, 1.92870. Daily Time Frame: The price on the higher time frame is in a clear upward movement where we can see that the market is posting higher highs and lows. This indicates that the buyers are in control of the market and might break the …

AUD/JPY Long-Term Trend: Bearish Key Resistance Levels: 81.551, 82.249, 83.1572. Key Support Levels: 80.602, 78.910, 78.213. Daily Time Frame: The price on the higher time frame is in a clear downward movement where the market failed to move to the upside after posting a correction toward the 81.381 JPY mark. We have a bar with a long wick near this …

EUR/AUD Long-Term Trend: Bullish Key Resistance Levels: 1.58926, 1.59670, 1.59938. Key Support Levels: 1.58011, 1.57386, 1.56668. Daily Time Frame: The price on the higher time frame found support around the area of confluence made of a strong support and the trendline support (dotted line). the market showed an end of the correction and it might to the upside in the …

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 …