Daily Forex Analysis

AXS/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 45.55, 48.83, 49.00 Key Support Levels: 41.26, 37.54, 37.00 Daily Chart: The price on the higher time frame failed to break a strong support around the 37.54 USDT mark and posted an engulfing bullish pattern which reversed the price to the upside. The price is expected to continue further movement upward toward the …

USD/CAD Long-Term Trend: Bearish Key Resistance Levels: 1.25406, 1.26067, 1.26500 Key Support Levels: 1.24655, 1.24258, 1.23045 Daily Chart: The price on the higher time frame changed direction from an upward movement to a downward one by posting higher lows. Recently, the price posted an engulfing bearish pattern near the 1.2540 USD resistance which led to a move downward. USD/CAD Medium-Term …

GBP/CHF Long-Term Trend: Bullish Key Resistance Levels: 1.2668, 1.2710, 1.2750 Key Support Levels: 1.2617, 1.2567, 1.2500 Daily Chart: The price on the higher time frame failed to break the 1.2567 USD mark where it reversed and started to be traded higher by posting a higher low. This could lead to a further move to the upside. GBP/CHF Medium-Term Trend: Bullish …

XCU/USD (Copper) Long-Term Trend: Bullish Key Resistance Levels: 4.4600, 4.5955, 4.6000 Key Support Levels: 4.3420, 4.2495, 4.2400 Daily Chart: The price on the higher time frame failed to break the 4.3420 USD mark, and a correction count has been posted. We expect a reversal in this move and an upward wave to the 4.4600 USD mark. XCU/USD (Copper) Medium-Term Trend: …

AUD/JPY Long-Term Trend: Bullish Key Resistance Levels: 81.50, 82.40, 83.00 Key Support Levels: 80.47, 79.56, 79.00 Daily Chart: The price on the higher time frame failed to break the 80.47 USD mark, and it posted a higher low which signals a potential reversal and then a move to the upside in the opposite direction of the main trend. AUD/JPY Medium-Term …

ETH/USDTPERP Long-Term Trend: Bearish Key Resistance Levels: 2648.68, 2892.80, 2900,00 Key Support Levels: 2386.56, 2171.29, 2170.00 Daily Chart: The price on the higher time frame failed to break the 2648.68 USDT mark, and it posted an engulfing bearish pattern which signals a potential reversal and then a move to the downside in the opposite direction of the main trend. ETH/USDTPERP …

GBP/USD Long-Term Trend: Bullish Key Resistance Levels: 1.4001, 1.4100, 1.4150 Key Support Levels: 1.3899, 1.3824, 1.3746 Daily Chart: The price on the higher time frame failed to break the 1.3899 USD mark, and it posted an engulfing bullish pattern which signals a potential of a reversal and then the move came to the upside in the same direction of the …

BNB/USDTPERP Long-Term Trend: Bearish Key Resistance Levels: 339.43, 377.16, 378.00 Key Support Levels: 304.06, 280.79, 253.70 Daily Chart: The price on the higher time frame failed to break the 339.43 USDT mark, and it posted a doji bar which signals a potential reversal and then a move to the downside in the same direction of the main trend. BNB/USDTPERP Medium-Term …

NKN/USDT Long-Term Trend: Bullish Key Resistance Levels: 0.3183, 0.3651, 0.4533 Key Support Levels: 0.2500, 0.1952, 0.1900 Daily Chart: The price on the higher time frame succeeded to break the parallel channel to the upside where it is posting higher highs and lows showing that the market is in a clear uptrend and this most probably will continue in the coming …

EUR/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.4893, 1.5094, 1.5130       Key Support Levels: 1.4767, 1.4668, 1.4606 Daily Chart: The price on the higher time frame failed to break a key support around the 1.4767 USD mark where it reversed and started to be traded higher. The market posted a double bottom and two bullish trending bars in the same direction …