Daily Forex Analysis

GBP/CHF Long-Term Trend: Bullish Key Resistance Levels: 1.2862, 1.2894, 1.2900 Key Support Levels: 1.2798, 1.2725, 1.2691           Daily Chart: The price on the higher time frame succeeded to break the parallel channel to the upside by posting a bullish candlestick with a big body showing that the bulls are in control. Usually, when a range channel is violated a big move …

NZD/CAD Long-Term Trend: Bullish Key Resistance Levels: 0.8663, 0.8679, 0.8700 Key Support Levels: 0.8647, 0.8626, 0.8600           Daily Chart: The price on the higher time frame failed to probe below the strong daily support around the 0.8635 USD mark. This led to a fake breakout and reversal which could mean a move upward is most likely in the coming hours. NZD/CAD …

USD/JPY Long-Term Trend: Bullish Key Resistance Levels: 110.31, 110.45, 110.54       Key Support Levels: 110.15, 110.04, 109.94           1 – Hour Chart: The price is trending to the upside by posting higher highs and lows. It is bouncing inside a bullish channel formation where it managed to break the strong resistance around the 110.15 USD mark. This strong resistance is now the …

EUR/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.7162, 1.7279, 1.7347 Key Support Levels: 1.7037, 1.6986, 1.6894 Daily Chart: The price is trending to the upside by posting higher highs and lows. It is bouncing inside a bullish channel formation where it managed to break the strong daily resistance around the 1.7037 USD mark. This daily strong resistance is now the …

EUR/AUD Long-Term Trend: Bullish Key Resistance Levels: 1.5891, 1.5936, 1.6000 Key Support Levels: 1.5832, 1.5772, 1.5724 Daily Chart: The price is trending to the upside by posting higher highs and lows. A correction count is being build in a form of an expanding wedge. The price managed to break the strong resistance around the 1.5832 USD mark which could lead …

XRP/USDT Long-Term Trend: Bearish Key Resistance Levels: 0.7305, 0.7672, 0.7921 Key Support Levels: 0.6943, 0.6512, 0.6500 1-Hour Chart: The price is trending to the downside by posting lower lows and highs. A correction count has been posted to the resistance (previously support). We expect further movement to the downside in the same direction of the main trend. XRP/USDT Medium-Term Trend: …

NZD/USD Long-Term Trend: Bearish Key Resistance Levels: 0.6963, 0.6944, 0.6900 Key Support Levels: 0.7000, 0.7018, 0.7030 1-Hour Chart: The price is trending to the downside by posting lower lows and highs. A correction count has been posted to the resistance (previously support). We expect further movement to the downside in the same direction of the main trend. NZD/USD Medium-Term Trend: …

EUR/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.7087, 1.7115, 1.7145 Key Support Levels: 1.7036, 1.6998, 1.6952 1-Hour Chart: The price is trending to the upside by posting higher highs and lows. It managed to break the strong resistance around the 1.7036 USD mark and now it is playing the role of a support. The pair retrace to it by posting …

USD/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.2301, 1.2319, 1.2400 Key Support Levels: 1.2266, 1.2202, 1.2150 Daily Chart: The price on the daily time frame is trending to the upside where it shifted direction as indicated by the arrow. The market made a huge move to the upside represented by a bullish trending candlestick with a huge body. USD/CAD Medium-Term …

USD/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.2202, 1.2248, 1.2300 Key Support Levels: 1.2131, 1.2045, 1.2012 Daily Chart: The price on the daily time frame is trending to the upside where it shifted direction as indicated by the arrow. The price now is in a middle of a correction, and we expect the market to rally again once this pullback …