Daily Forex Analysis

USD/JPY Long-Term Trend: Bullish Key Resistance Levels: 110.114, 110.425, 110.697. Key Support Levels: 109.681, 109.117, 109.000. Daily Chart: The price on the higher time frame the price is bouncing between two key levels which are the support and the resistance with the respective values, 109.681 & 110.114 JPY. The support looks difficult to break down which led to a reversal …

NZD/CAD Long-Term Trend: Bullish Key Resistance Levels: 0.89969, 0.90544, 0.91116. Key Support Levels: 0.89371, 0.88505, 0.87752. Daily Chart: The price on the higher time frame succeeded to break a strong resistance around the 0.88505 CAD mark with the help of an engulfing bullish pattern. We are expecting further movement to the upside in the coming hours toward the next key …

SRM/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 9.745, 10.441, 11.722. Key Support Levels: 8.634, 8.134, 6.499. Daily Chart: The price on the higher time frame failed to break the 8.634 USDT mark where a hammer candlestick was formed near the strong support. This led to a move a higher and we expect further movement to the upside in the coming …

EUR/NZD Long-Term Trend: Bearish Key Resistance Levels: 1.66910, 1.68022, 1.69428. Key Support Levels: 1.65439, 1.63405, 1.63000. Daily Chart: The price on the higher time frame succeeded to break the strong support around the 1.66910 NZD level to the downside. A huge bearish daily candlestick has been posted showing that the sellers are in control of the market and this could …

KAVA/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 8.9250, 0.8930, 0.8940. Key Support Levels: 7.3990, 6.7170, 67100. Daily Chart: The price on the higher time frame posted an engulfing bullish pattern near a strong support around the 7.3990 USDT mark and reversed to the upside. The market now is traded around the 8.0185 USDT level and is about to move upward …

EUR/GBP Long-Term Trend: Bearish Key Resistance Levels: 0.85886, 0.86094, 0.86330. Key Support Levels: 0.85503, 0.85060, 0.84723. Daily Chart: The price on the higher time frame failed to break the daily resistance showing that the sellers are weak where a fake breakout has been posted a long with a bearish engulfing pattern. The market reversed and it is traded lower where …

GBP/CHF Long-Term Trend: Bullish Key Resistance Levels: 1.27098, 1.27938, 1.28176. Key Support Levels: 1.26329, 1.25510, 1.24901. Daily Chart: The price on the higher time frame is traded inside a bullish channel formation where it succeeded to break the daily resistance around the 1.26329 CHF mark. A correction has been posted and we expect further movement to the upside in the …

GBP/JPY Long-Term Trend: Bullish Key Resistance Levels: 153.334, 154.105, 155.000. Key Support Levels: 152.000, 151.400, 151.000. Daily Chart: The price on the higher time frame failed to break a strong support level around the 149.336 JPY mark and posted a bullish engulfing pattern plus a double bottom pattern which led to a reversal and a move higher. We expect further …

DENT/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 0.007703, 0.008871, 0.008900. Key Support Levels: 0.005696, 0.004870, 0.004800. Daily Chart: The price on the higher time frame failed to break a strong support level around the 0.005696 USDT mark and posted a bullish engulfing pattern plus a double bottom pattern which led to a reversal and a move higher. We expect further …

AUD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.68038, 0.69095, 0.69718 Key Support Levels: 0.67157, 0.66513, 0.65126. Daily Chart: The price on the higher time frame failed to break a strong support level around the 0.65126 CHF mark and posted a bullish engulfing pattern which led to a reversal and a move higher. The market is posting higher highs and lows …