Daily Forex Analysis

EUR/USD Long-Term Trend: Bullish Key Resistance Levels: 1.1918, 1.1984, 1.2000 Key Support Levels: 1.1848, 1.1835, 1.1800 Daily Chart: The price on the higher time frame posted a bullish engulfing pattern where the second candlestick of this formation has a long wick to the downside showing that the buyers took over the market. In addition a double bottom is formed showing …

EUR/USD Long-Term Trend: Bullish Key Resistance Levels: 1.1918, 1.1984, 1.2000 Key Support Levels: 1.1848, 1.1835, 1.1800 Daily Chart: The price on the higher time frame posted a bullish engulfing pattern where the second candlestick of this formation has a long wick to the downside showing that the buyers took over the market. EUR/USD Medium-Term Trend: Bullish 1-Hour Chart: On the …

AUD/JPY Long-Term Trend: Bullish Key Resistance Levels: 83.87, 84.08, 84.50 Key Support Levels: 83.43, 83.34, 83.00 Daily Chart: The price on the higher time frame found support around the 83.03 USD mark and the buyers managed to take over the sellers around the 61.80% Fibonacci retracement which coincides with the bespoke support. This will lead to a reversal and then …

LINK/USDT Long-Term Trend: Bullish Key Resistance Levels: 19.52, 20.37, 20.50 Key Support Levels: 17.92, 17.09, 16.50 Daily Chart: The price on the higher time frame the price found support around the 17.09 USDT level which led to a reversal and a move to the upside. The price yesterday posted an engulfing bullish pattern which shows that the bulls are still …

AUD/JPY Long-Term Trend: Bullish Key Resistance Levels: 83.96, 84.26, 84.50 Key Support Levels: 83.10, 82.28, 82.00 Daily Chart: The price on the higher time frame the price found support around the 83.00 USD level which led to a reversal and a move to the upside after posting a bullish engulfing pattern. The price retraced to the same and level and …

EUR/JPY Long-Term Trend: Bullish Key Resistance Levels: 132.37, 132.65, 133.00 Key Support Levels: 131.44, 130.95, 130.50 Daily Chart: The price on the higher time frame posted an engulfing bullish pattern and started to move higher. A lower correction has been posted to the 50% Fibonacci retracement level where the pair found buyers and this could lead to a move upward. …

CHF/JPY Long-Term Trend: Bullish Key Resistance Levels: 120.97, 121.52, 122.00 Key Support Levels: 119.95, 119.30, 119.00 Daily Chart: The price on the higher time frame posted a correction count toward the 61.80% Fibonacci retracement level where it found buyers. The price posted a hammer candlestick which shows a potential reversal to the upside. CHF/JPY Medium-Term Trend: Bullish 4-Hour Chart: On …

GBP/USD Long-Term Trend: Bearish Key Resistance Levels: 1.3802, 1.3778, 1.3758       Key Support Levels: 1.3859, 1.3895, 1.3900 Daily Chart: The price on the higher time frame is trending to the downside where the price shifted direction around the 1.4220 USD level. The pair succeeded to break several supports and currently it is traded below the 1.3859 USD mark which shows that …

EUR/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.4759, 1.4815, 1.4850 Key Support Levels: 1.4664, 1.4645, 1.4583 Daily Chart: The price on the higher time frame is bouncing between to strong key levels which are the daily support and resistance with the following prices respectively (1.4664 – 1.4759 USD). The market posted an engulfing bullish pattern near the strong support which …

USD/JPY Long-Term Trend: Bullish Key Resistance Levels: 110.96, 111.39, 111.65 Key Support Levels: 110.47, 110.32, 109.70 1-Hour Chart: The price on the higher time frame is traded inside a bullish flag formation where we expect that the price will move to the upside again after it reached the strong support around the 110.47 USD mark. USD/JPY Medium-Term Trend: Bullish 15-Mins …