Daily Forex Analysis

AUD/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.0770, 1.0799, 1.0850 Key Support Levels: 1.0745, 1.0720, 1.0700 Daily Chart: The price on the higher time frame is trending to the upside where it faced strong resistance around the 1.0799 USD mark which led to a correction and a move downside around the strong support 1.0720 USD level. Now the market is …

GBP/JPY Long-Term Trend: Bullish Key Resistance Levels: 154.60, 155.33, 155.50 Key Support Levels: 153.77, 152.03, 151.50 Daily Chart: The price on the higher time frame is in a clear uptrend after it posted an engulfing bullish pattern. It succeeded to break the daily resistance (now support) around the 153.77 USD mark. A correction count has been seen where we expect …

USD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.9237, 0.9296, 0.9300 Key Support Levels: 0.9142, 0.9094, 0.9050 Daily Chart: The price on the higher time frame is in a clear uptrend where it managed to break the daily resistances. Recently, it posted a correction count after facing a strong resistance around the 0.9237 USD mark. We believe that the correction is …

EUR/JPY Long-Term Trend: Bearish Key Resistance Levels: 132.51, 132.66, 133.00 Key Support Levels: 131.65, 131.20, 131.00 Daily Chart: The price on the higher time frame posted a correction count to the daily resistance (previously support). The pair found sellers around the 61.80% Fibonacci retracement level which led to a drop and a move to the downside in the same direction …

DOGE/USDT Long-Term Trend: Bullish Key Resistance Levels: 0.2746, 0.2885, 0.2900 Key Support Levels: 0.2593, 0.2468, 0.2344 1-Hour Chart: The price on the higher time frame succeeded to break the bearish channel to the upside after finding buyers around the 0.2468 USDT mark. It posted an engulfing bullish pattern which shows that the buyers are in control. DOGE/USDT Medium-Term Trend: Bullish …

USD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.9233, 0.9307, 0.9372 Key Support Levels: 0.9160, 0.9095, 0.9055 Daily Chart: The price on the higher time frame succeeded to break the bearish channel to the upside where it rallied and started to post higher highs and lows showing that we are in a clear uptrend. The pair faced a strong resistance around …

AUD/NZD Long-Term Trend: Bearish Key Resistance Levels: 1.0751, 1.0770, 1.0800 Key Support Levels: 1.0720, 1.0705, 1.0700           Daily Chart: The price on the higher time frame failed to break the daily resistance around the 1.0810 USD mark which led to a reversal. The trend now is to the downside, where it managed to break several supports. We are expecting further movement …

GBP/USD Long-Term Trend: Bullish Key Resistance Levels: 1.4005, 1.4033, 1.4073 Key Support Levels: 1.3955, 1.3924, 1.3859           1-Hour Chart: The price on the higher time frame is posting higher highs and lows which shows that we are in a clear uptrend. The price posted a correction count around the 1.3955 USD mark where we expect after it an impulsive wave in …

EUR/USD Long-Term Trend: Bullish Key Resistance Levels: 1.1987, 1.2023, 1.2050 Key Support Levels: 1.1921, 1.1860, 1.1800           Daily Chart: The price on the higher time frame failed to break a strong support around the 1.1860 USD mark, and posted a bullish engulfing pattern around this level. This could lead to a reversal from a downward movement to an upward one. EUR/USD …

GBP/AUD Long-Term Trend: Bearish Key Resistance Levels: 1.8455, 1.8501, 1.8550 Key Support Levels: 1.840, 1.8368, 1.8350 1-Hour Chart: The price on the higher time frame succeeded to post a double top that led to a reversal. The price is traded now below the neckline of this pattern where we expect a correction before the move to the downside again. GBP/AUD …