Daily Forex Analysis

SRM/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 3.843, 4.623, 4.700 Key Support Levels: 3.043, 2.610, 2.500 Daily Chart: The price on the higher time frame failed to break a strong support area around the 2.610 USDT mark, which led to a reversal and a formation of a double bottom near this zone. In addition we noticed that the market succeeded …

GBP/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.7429, 1.7570, 1.7600 Key Support Levels: 1.7218, 1.6995, 1.6950 Daily Chart: The price on the higher time frame, was in a clear upward movement before posting a correction count to the strong support around the 1.7218 USD mark. We are expecting a continuation of the trend to the upside in the coming hours. …

CRV/USDTPERP Long-Term Trend: Bearish Key Resistance Levels: 1.617, 2.031, 2.100 Key Support Levels: 1.274, 1.103, 1.090 Daily Chart: The price on the higher time frame, was in a clear downtrend where it posted a correction count below the strong daily resistance around the 1.617 USDT mark. In addition, we noticed that the price left a bar with a huge wick …

NZD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.6440, 0.6500, 0.6550 Key Support Levels: 0.6385, 0.6317, 0.6300 Daily Chart: The price on the higher time frame is traded inside a bearish channel formation. It posted at the lower end of this pattern a double bottom pattern which shows that a potential reversal might occur plus the pair failed to break a …

AUD/CHF Long-Term Trend: Bearish Key Resistance Levels: 0.6801, 0.6895, 0.6900 Key Support Levels: 0.6712, 0.6652, 0.6600 Daily Chart: The price on the higher time frame is in a clear downward movement where it is posting lower lows and highs. It succeeded to break a strong support (now resistance) around the 0.6801 USD mark where it posted a shooting star candle …

EOS/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 4.150, 4.429, 4.450 Key Support Levels: 3.569, 3.133, 3.130 Daily Chart: The price on the higher time frame failed to break a key strong support around the 3.133 USDT mark and posted a double bottom which signals a potential of a reversal. The market has moved higher and managed to break a strong …

NZD/CAD Long-Term Trend: Bullish Key Resistance Levels: 0.8835, 0.8913, 0.8988 Key Support Levels: 0.8750, 0.8641, 0.8600 Daily Chart: The price on the higher time frame failed to break a key strong support around the 0.8750 USD mark which could lead to a reversal to the upside. Momentum is changed from the negative to positive and this is seen by the …

REN/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 0.36140, 0.41760, 0.48136 Key Support Levels: 0.30791, 0.28226, 0.25055 Daily Chart: The price on the higher time frame failed to break a key strong support around the 0.28226 USDT mark, and posted an engulfing bullish pattern which led to a reversal to the upside. The price is still in a clear upward movement …

USOIL Long-Term Trend: Bullish Key Resistance Levels: 71.04, 72.68, 73.00 Key Support Levels: 66.25, 63.71, 61.67 Daily Chart: The price on the higher time frame is traded inside a bullish channel formation where the price posted a correction count to the lower end of this pattern. This led to buyers overwhelm sellers and push the price higher by posting a …

GBP/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.7328, 1.7451, 1.7500 Key Support Levels: 1.7215, 1.6990, 1.6950 Daily Chart: The price on the higher time frame failed to break the strong support around the 1.7200 USD mark where the pair posted a bar with huge candlestick to the downside which shows that the bulls are coming back. We expect a reversal …