Daily Forex Analysis

GBP/USD Long-Term Trend: Bullish Key Resistance Levels: 1.38919, 1.39490, 1.40006. Key Support Levels: 1.38005, 1.37530, 1.36867. Daily Chart: The price on the higher time frame found buyers around the 61.80 % Fibonacci retracement level where it posted a higher low which shows that the buyers are in control of the market. The pair bounced on the daily support (1.38005 USD) …

LINK/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 35.1850, 40.4335, 40.4400. Key Support Levels: 30.1810, 27.8010, 25.1300. Daily Chart: The price on the higher time frame found support around the 25.13 USDT mark by posting a higher low and recently an engulfing bullish pattern above the 30.2975 USDT resistance level. These are signs that the market will continue to the upside …

USD/CHF Long-Term Trend: Bearish Key Resistance Levels: 0.92330, 0.93695, 0.94000. Key Support Levels: 0.91345, 0.90448, 0.90400. Daily Chart: The price on the higher time frame is traded between two key levels which are the support & resistance with the respective values 0.91345 & 0.92330 CHF. The market failed to break resistance and reversed to the downside which might continue all …

DEFI/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 14201.6, 15784.7, 16643.2. Key Support Levels: 11650.3, 10147.9, 10000.0. Daily Chart: The price on the higher time frame posted a higher lows with a form of a double bottom formation which led to a move higher and above the 11650.30 USDT mark. Further movement to the upside is expected in the same direction …

AAVE/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 427.05, 483.68, 484.00. Key Support Levels: 347.32, 308.13, 308.00. Daily Chart: The price on the higher time frame managed to break the Wyckoff accumulation phase to the upside where it posted a big bodied bullish bar. This led to a huge move to the upside and this could continue all the way up …

NZD/CAD Long-Term Trend: Bullish Key Resistance Levels: 0.90566, 0.91112, 0.91120. Key Support Levels: 0.90021, 0.89356, 0.88545. Daily Chart: The price on the higher time frame is in a clear upward movement where a series of higher highs and lows has been posted. As we can see from the screenshot the market is stuck above a strong support around the 0.90021 …

NZD/JPY Long-Term Trend: Bullish Key Resistance Levels: 79.145, 80.135, 80.140. Key Support Levels: 78.113, 76.252, 76.200. Daily Chart: The price on the higher time frame is in a clear upward movement where a series of higher highs and lows has been posted. As we can see from the screenshot the market is about to close a pullback or correction (White …

EUR/AUD Potential Upward Movement Key Resistance Levels: 1.61738, 1.63550, 1.64354. Key Support Levels: 1.60662, 1.59377, 1.59300. Daily Chart: The price on the higher time frame failed to break the 1.59377 CAD level and reversed higher where a series of bullish bars has been posted. We noticed also that these bars have long wicks to the downside which shows that buyers …

GBP/USD Long-Term Trend: Bullish Key Resistance Levels: 1.38919, 1.40006, 1.41065. Key Support Levels: 1.38005, 1.36867, 1.36800. Daily Chart: The price on the higher time frame succeeded to break the daily resistance around the 1.38005 USD mark by posting an engulfing bullish pattern. The market retraced to this area where a new bullish impulsive wave might be seen. GBP/USD Medium-Term Trend: …

EUR/NZD Long-Term Trend: Bearish Key Resistance Levels: 1.66911, 1.67962, 1.68000. Key Support Levels: 1.65356, 1.63413, 1.63000. Daily Chart: The price on the higher time frame succeeded to break the daily support around the 1.66911 NZD mark with a huge bearish bar showing that the sellers are in a clear control of the market. The pair retraced to the new resistance …