Daily Forex Analysis

NZD/CAD Long-Term Trend: Bullish Key Resistance Levels: 0.90566, 0.91079, 0.91636. 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 higher highs and lows have been posted. The pair managed to break the daily resistance around the 0.90021 CAD mark and retrace to it. We expect further movement …

GBP/JPY Long-Term Trend: Bullish Key Resistance Levels: 153.297, 153.860, 154.000. Key Support Levels: 152.144, 151.510, 151.000. Daily Chart: The price on the higher time frame is in a clear higher highs and lows where it posted a correction count around the 151.510 JPY mark with long wicks to the downside. The market succeeded to break the 152.144 JPY level and …

GRT/USDTPERP Long-Term Trend: Bearish Key Resistance Levels: 0.85720, 0.94995, 1.10025. Key Support Levels: 0.73900, 0.59890, 0.59000. Daily Chart: The price on the higher time frame posted a double top formation which led to a reversal and a move lower. In addition, an engulfing bearish pattern has been posted which helped for a huge tumble of the price. the market succeeded …

REN/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 0.86420, 0.91040, 0.91100. Key Support Levels: 0.75800, 0.67110, 0.67000. Daily Chart: The price on the higher time frame failed to break the 0.67110 USDT mark and posted an engulfing bullish pattern near this level. This led to a reversal and a move higher where the buyers are in control of the market. Further …

NZD/USD Long-Term Trend: Bullish Key Resistance Levels: 0.71541, 0.72870, 0.73000. Key Support Levels: 0.70858, 0.69797, 0.69434. Daily Chart: The price on the higher time frame failed to break the 0.70858 USD mark and posted a doji candlestick showing a potential reversal. This what happened the market reversed and moved higher above the daily support. Further movement to the upside is …

GBP/AUD Long-Term Trend: Bullish Key Resistance Levels: 1.88033, 1.88845, 1.89492. Key Support Levels: 1.86966, 1.85741, 1.84420. Daily Chart: The price on the higher time frame failed to break the 1.85741 AUD mark and reversed to the upside. A series of bullish candlestick has been posted showing that the buyers are in control and huge amount of buy orders has been …

HOT/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 0.012332, 0.016422, 0.016500. Key Support Levels: 0.009731, 0.008659, 0.008600. Daily Chart: The price on the higher time frame failed to break the 0.009731USDT mark and reversed higher where it posted higher lows. The market as well showed a bullish bar with a long wick to the downside indicating that the buyers are in …

AUD/USD Long-Term Trend: Bearish Key Resistance Levels: 0.74111, 0.74785, 0.74800. Key Support Levels: 0.73187, 0.72420, 0.71421. Daily Chart: The price on the higher time frame failed to break the 0.74785 USD mark and reversed lower where a series of bearish candlesticks has been posted. Further movement to the downside could be seen toward the next key level around the 0.73187 …

EUR/AUD Potential Upward Movement Key Resistance Levels: 1.61738, 1.64371, 1.64500. Key Support Levels: 1.59377, 1.57975, 1.56791. Daily Chart: The price on the higher time frame failed to break the 1.59377 AUD mark and reversed higher where a series of bullish candlesticks has been posted. Further movement to the upside could be seen toward the next key level around the 1.61738 …

GBP/CAD Potential Upward Movement Key Resistance Levels: 1.74975, 1.76240, 1.77000. Key Support Levels: 1.73185, 1.72250, 1.71643. Daily Chart: The price on the higher time frame posted an engulfing bullish pattern around a strong daily support at 1.73185 CAD mark. This led to a move to the upside where a slight correction has been posted after breaking the 1.7420 CAD resistance. …