Daily Forex Analysis

SRM/USDTPERP Long-Term Trend: Bearish Key Resistance Levels: 3.170, 3.893, 3.900 Key Support Levels: 2.606, 1.955, 1.900 Daily Chart: The price on the higher time frame managed to break the strong support (now resistance) around the 3.170 USDT mark. This shows that the sellers overwhelmed the buyers especially that the breakout came along with several daily bearish candlesticks below the strong …

GBP/AUD Long-Term Trend: Bullish Key Resistance Levels: 1.8659, 1.8717, 1.8750       Key Support Levels: 1.8512, 1.8470, 1.8430 Daily Chart: The price on the higher time frame managed to break the strong resistance (now support) around the 1.8512 USD mark. This shows that the buyers overwhelmed the sellers especially that the breakout came along with several daily candlesticks above the strong resistance. …

EUR/GBP Long-Term Trend: Bearish Key Resistance Levels: 0.8523, 0.8529, 0.8542       Key Support Levels: 0.8503, 0.8493, 0.8485 Daily Chart: The price on the higher time frame managed to break the strong support (now resistance) around the 0.8529 USD mark. This shows that the sellers overwhelmed the buyers especially that the breakout came along a big bodied bearish candlestick with no tail …

AUD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.6895, 0.6912, 0.6950 Key Support Levels: 0.6818, 0.6784, 0.6750 Daily Chart: The price on the higher time frame is traded inside a bearish channel formation where it found support around the 0.6784 USD mark. This led to a reversal and a move to the upside and heading towards the previous key level which …

NZD/CHF Long-Term Trend: Bearish Key Resistance Levels: 0.6387, 0.6427, 0.6450 Key Support Levels: 0.6330, 0.6315, 0.6295 Daily Chart: The price on the higher time frame is in a clear downtrend where it found sellers around the 0.65100 USD mark, and it tumbled all the way to break the daily support around the 0.6390 USD. An inside candlestick has been posted …

CAD/JPY Long-Term Trend: Bullish Key Resistance Levels: 88.89, 89.35, 89.59 Key Support Levels: 88.08, 87.43, 87.00 Daily Chart: The price on the higher time frame was rejected from the strong support level around the 88.00 USD mark where the pair managed to post a candlestick that closed above the 50% of the body of the previous bar. This shows that …

AUD/USD Long-Term Trend: Bullish Key Resistance Levels: 0.7532, 0.7560, 0.7600 Key Support Levels: 0.7466, 0.7415, 0.7400 Daily Chart: The price on the higher time frame posted an engulfing bullish pattern near the strong support around the 0.7410 USD mark. This led to a reversal and to a move upward which shows that the buyers are overwhelming the sellers and we …

EUR/USD Long-Term Trend: Bullish Key Resistance Levels: 1.1878, 1.1895, 1.1900 Key Support Levels: 1.1848, 1.1801, 1.1785 Daily Chart: The price on the higher time frame posted an engulfing bullish pattern near the strong support around the 1.1801 USD mark. This led to a reversal and to a move upward which shows that the buyers are overwhelming the sellers and we …

USD/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.2628, 1.2687, 1.2700 Key Support Levels: 1.2466, 1.2366, 1.2350 Daily Chart: The price on the higher time frame the price moved higher after the Wyckoff accumulation phase where it posted higher highs and lows. The price as well succeeded to break the daily resistance around the 1.2466 USD and retrace to it. We …

NZD/JPY Long-Term Trend: Bearish Key Resistance Levels: 77.20, 76.73, 76.34 Key Support Levels: 77.93, 78.60, 79.16 Daily Chart: The price on the higher time frame the price broke the bullish channel to the downside, and it broke the daily support around the 77.93 USD and it retraced to it. The pair posted an engulfing bearish pattern which shows that the …