Daily Forex Analysis

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 …

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: …