Daily Forex Analysis

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 …

DOGE/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 0.19544, 0.20476, 0.21165 Key Support Levels: 0.18047, 0.17035, 0.15962 Daily Chart: The price on the higher time frame failed to break a strong key support around the 0.17035 USDT mark which led to a long tail to the downside in the yesterday’s bar. This led to the formation of a double bottom and …

AUD/NZD Long-Term Trend: Bearish Key Resistance Levels: 1.05481, 1.04861, 1.04577 Key Support Levels: 1.06004, 1.06590, 1.07071 Daily Chart: The price on the higher time frame is posting lower lows and highs which shows that we are in a clear downward movement. Recently, the pair succeeded to break a major key support around the 1.06004 USD mark which could lead to …

KSM/USDTPERP Long-Term Trend: Bearish Key Resistance Levels: 156.33, 175.45, 176.00 Key Support Levels: 135.51, 121.66, 121.00 Daily Chart: The price on the higher time frame is posting lower lows and highs which shows that we are in a clear downward movement. Recently, the coin succeeded to break a major key support around the 156.33 USDT mark which could lead to …

GBP/CHF Long-Term Trend: Bearish Key Resistance Levels: 1.2580, 1.2820, 1.2987 Key Support Levels: 1.2458, 1.2380, 1.2200 Daily Chart: The price on the higher time frame succeeded to break the parallel channel to the downside by posting a huge bearish candlestick showing that the sellers took control and are overwhelming the buyers which could lead to a further downside movement. GBP/CHF …

AUD/USD Long-Term Trend: Bearish Key Resistance Levels: 0.7341, 0.7275, 0.7240 Key Support Levels: 0.7412, 0.7463, 0.7500 4- Hours Chart: The price on the higher time frame is posting lower lows and highs which shows that we are in a clear downtrend. The pair left an inside bar which indicates that after this candlestick a continuation of the downward movement will …

DOT/USDTPERP Long-Term Trend: Bearish Key Resistance Levels: 11.77, 10.56, 10.00 Key Support Levels: 12.96, 13.60, 14.66 Daily Chart: The price on the higher time frame succeeded to break the bearish pennant formation to the downside which shows that the sellers are in clear control. The market managed to break the strong daily support around the 12.96 where we expect further …

EUR/GBP Long-Term Trend: Bullish Key Resistance Levels: 0.8566, 0.8588, 0.8600 Key Support Levels: 0.8538, 0.8502, 0.8450 Daily Chart: The price on the higher time frame failed to break below a strong support which is the 0.8538 USD mark. This led to a reversal and a move upward by posting a huge fake breakout to the downside. EUR/GBP Medium-Term Trend: Bullish …