Daily Forex Analysis

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. …

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 …