Daily Forex Analysis

ETH/USDT (Futures) Long-Term Trend: Bullish Key Resistance Levels: 3546.84, 3678.17, 3700.00. Key Support Levels: 3383.88, 3161.74, 3100.00. Daily Chart: The price on the higher time frame could not break the daily support around the 3383.88 USDT mark and left a huge wick to the downside showing that the buyers took control of the market. Further upside movement is expected in …

XAU/USD Long-Term Trend: Bullish Key Resistance Levels: 1783.816, 1806.206, 1831.395. Key Support Levels: 1755.573, 1722.670, 1678.032. Daily Chart: The price on the higher time frame managed to break the descending channel to the upside with the help of an engulfing bullish pattern. Now, it is above the 1755.573 USD mark where a correction is about to end before a new …

CAD/JPY Long-Term Trend: Bullish Key Resistance Levels: 89.036, 90.161, 90.500. Key Support Levels: 87.982, 87.189, 87.000. Daily Chart: The price on the higher time frame managed to break the downward trend line to the upside after finding support around the 85.467 JPY mark. The market posted a hammer bar which led to a breakout of the daily resistance around the …

NZD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.65040, 0.65436, 0.65651. Key Support Levels: 0.64537, 0.64117, 0.64000. Daily Chart: The price on the higher time frame found support around the 0.64117 CHF mark where it coincides with a 50% Fibonacci retracement level. The market moved higher and managed to break the daily resistance around the 0.64537 CHF level and it is …

NZD/USD Long-Term Trend: Bullish Key Resistance Levels: 0.69819, 0.70205, 0.70500. Key Support Levels: 0.69343, 0.69013, 0.69000. Daily Chart: The price on the higher time frame failed to continue its move to the downside and reversed higher while the pair is traded above the 0.69220 USD mark. Further upside is expected in the coming hours toward the 0.69819 USD level. NZD/USD …

AUD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.67966, 0.68204, 0.68250. Key Support Levels: 0.67507, 0.66976, 0.66425. Daily Chart: The price on the higher time frame succeeded to break the bearish trendline to upside after posting higher low and an accumulation phase. This move to the upside is expected and the price could reach the 0.67957 CHF mark. AUD/CHF Medium-Term Trend: …

ADA/USDT (Futures) Long-Term Trend: Bullish Key Resistance Levels: 2.2560, 2.4684, 2.500. Key Support Levels: 2.0603, 1.9099, 1.9000. Daily Chart: The price on the higher time frame failed to break the strong daily support around the 2.0603 USDT mark and reversed higher leaving a fake breakout behind and a higher low. This shows that the buyers took control of the market. …

GBP/USD Long-Term Trend: Bullish Key Resistance Levels: 1.35392, 1.36113, 1.37000. Key Support Levels: 1.34518, 1.33932, 1.33500. Daily Chart: The price on the higher time frame failed to break the strong daily support around the 1.34518 USD mark and reversed higher leaving a fake breakout behind. We expect the market to move upward toward the next key level 1.35392 USD. GBP/USD …

AUD/USD Long-Term Trend: Bullish Key Resistance Levels: 0.72255, 0.73115, 0.74000. Key Support Levels: 0.72262, 0.71360, 0.71000. Daily Chart: The price on the higher time frame failed to break the strong daily support around the 0.72262 USD mark and reversed higher leaving a fake breakout behind. We expect the market to move upward toward the next key level 0.73115 USD. AUD/USD …

GBP/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.96693, 1.98013, 1.98050. Key Support Levels: 1.95289, 1.93851, 1.93800. Daily Chart: The price on the higher time frame managed to break the Wyckoff accumulation phase to the upside where a higher low has been posted near the strong support level around the 1.93851 NZD mark. We expect further movement to the upside in …