Daily Forex Analysis

NZD/CAD Long-Term Trend: Bullish Key Resistance Levels: 0.89328, 0.89969, 0.90544. Key Support Levels: 0.88505, 0.86915, 0.86367. Daily Chart: The price on the higher time frame failed to break a strong support level around the 0.86915 mark and posted a bullish engulfing pattern which led to a reversal and a move higher. The market is posting higher highs and lows and …

NZD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.64970, 0.65451, 0.65500. Key Support Levels: 0.64395, 0.63969, 0.63960. Daily Chart: The price on the higher time frame failed to break a strong support level around the 0.62440 USD mark and posted a bullish engulfing pattern which led to a reversal and a move higher. The market is posting higher highs and lows …

XAU/USD Long-Term Trend: Bullish Key Resistance Levels: 1830.10, 1844.49, 1845,00. Key Support Levels: 1806.27, 1764.57, 1764,00. Daily Chart: The price on the higher time frame failed to break a strong support level around the 1764.57 USD mark which led to a reversal and a move higher. The market is posting higher highs and lows showing that we are in a …

LUNA/USDTERP Long-Term Trend: Bullish Key Resistance Levels: 36.985. 37.000, 37.500. Key Support Levels: 32.932, 30.804, 26.299. Daily Chart: The price on the higher time frame posted a bullish engulfing pattern around the 26.245 USDT mark which led to a reversal and a move upward. The market managed to break the daily resistance (now support) and retrace to it. Further movement …

CAD/JPY Long-Term Trend: Bullish Key Resistance Levels: 88.402, 89.043, 90.141. Key Support Levels: 87.112, 86.550, 85.456. Daily Chart: The price on the higher time frame found support around the 85.456 USD before posting an engulfing bullish pattern and reversed higher. The price succeeded to break the 86.550 USD resistance (now support) and retrace to it. Further upside movement is expected …

EUR/NZD Long-Term Trend: Bearish Key Resistance Levels: 1.68641, 1.69428, 1.70971. Key Support Levels: 1.66706, 1.65388, 1.63430. Daily Chart: The price on the higher time frame is traded between a support and resistance which are respectively the 1.66706 & 1.70971 USD levels. The market found sellers around the higher end of this channel and moved to the downside where managed to …

AUD/JPY Long-Term Trend: Bullish Key Resistance Levels: 80.706, 81.508, 82.650. Key Support Levels: 79.576, 77.944, 76.751. Daily Chart: The price on the higher time frame reversed once it found support around the 77.944 USD mark and it managed to break the daily resistance around the 79.576 USD level. This resistance became a support and it posted a bullish engulfing pattern …

CAKE/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 26.6500, 27.6250, 28.1700. Key Support Levels: 25.2825, 24.1150. 24.0000. Daily Chart: The price on the higher time frame is traded inside a bullish channel formation where higher lows and highs are seen. The price already posted a correction count where we expect after it a further movement to the upside in the same …

ADA/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 2.927955, 2.930000, 2.930050. Key Support Levels: 2.641255, 2.478310, 2.390770. Daily Chart: The price on the higher time frame found support around the 2.478310 USDT after posting a correction count. This could lead to a further movement to the upside in the same direction of the main trend and toward the next key level. …

EUR/AUD Long-Term Trend: Bullish Key Resistance Levels: 1.63232, 1.64366, 1.64400. Key Support Levels: 1.61741, 1.59657, 1.59018. Daily Chart: The price on the higher time frame found support around the 1.61741 USD mark by an engulfing bullish pattern. This led to a move higher, and we expect a further movement to the upside toward the next key resistance around the 1.63232 …