Daily Forex Analysis

XAU/USD Long-Term Trend: Bullish Key Resistance Levels: 1844.61, 1852.39, 1855.71 Key Support Levels: 1825.19, 1815.33, 1798.13 Daily Chart: The price on the higher time frame posted a double bottom which led to a reversal and a move upward. It entered into a parallel channel where it broke to the upside with a big bodied bullish candlestick showing that the bulls …

RSR/USDTPERP Long-Term Trend: Bearish Key Resistance Levels: 0.02180, 0.02264, 0.02349 Key Support Levels: 0.02053, 0.01974, 0.01916 Daily Chart: The price on the higher time frame found sellers around the 61.80% Fibonacci retracement level which led to a huge selloff and a breakout of the bearish pennant formation. We expect further movement to the downside in the coming hours. RSR/USDTPERP Medium-Term …

CAD/JPY Long-Term Trend: Bearish Key Resistance Levels: 87.10, 86.75, 86.09 Key Support Levels: 87.99, 88.80, 89.73 Daily Chart: The price on the higher time frame posted lower lows and highs which shows that we are in clear downtrend. It managed to break the daily support around the 87.99 USD mark with a big bodied bearish candlestick. CAD/JPY Medium-Term Trend: Bearish …

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 …