Daily Forex Analysis

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 …

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 …