Daily Forex Analysis

AUD/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.0740, 1.0758, 1.0798 Key Support Levels: 1.0718, 1.0698, 1.0677 Daily Chart: The price on the higher time frame is in a clear upward movement where it posted higher highs and lows. Recently, it succeeded to enter back to be traded between two strong key levels (1.0720 & 1.0800 USD). Our expectation is to …

NZD/CAD Long-Term Trend: Bullish Key Resistance Levels: 0.8748, 0.8785, 0.8807 Key Support Levels: 0.8693, 0.8667, 0.8638 Daily Chart: The price on the higher time frame posted an engulfing bullish pattern around the strong support (0.8667 USD), which might lead to a reversal from a downward movement to an upward one. Let’s see what’s happening on the lower time frame to …

EUR/NZD Long-Term Trend: Bearish Key Resistance Levels: 1.6886, 1.6909, 1.6962 Key Support Levels: 1.6802, 1.6686, 1.6611 Daily Chart: The price on the higher time frame posted an engulfing bearish pattern around the strong resistance (1.6962 USDT mark). This led to a move downward and violated the support where it managed to break it to the downside. EUR/NZD Medium-Term Trend: Bearish …

ENJ/USDT Long-Term Trend: Bearish Key Resistance Levels: 1.5276, 1.9700, 2.6500 Key Support Levels: 1.3502, 1.2320, 1.0768 Daily Chart: The price on the higher time frame is in a clear downtrend where it is posting lower lows and highs. Recently, the price succeeded to break the 1.9700 USDT mark, and it is traded below which shows that the sellers are still …

GBP/JPY Long-Term Trend: Bullish Key Resistance Levels: 155.89, 156.08, 157.00 Key Support Levels: 155.48, 154.82, 154.00 Daily Chart: The price on the higher time frame is in a clear upward movement where it posted higher highs and lows. The price succeeded to break the daily resistance (now support) around the 154.82 USD mark. The pair retraced to it and now …

USD/JPY Long-Term Trend: Bullish Key Resistance Levels: 110.20, 110.79, 111.00 Key Support Levels: 109.37, 109.00, 108.61 Daily Chart: The price on the higher time frame is in a clear upward movement where it posted higher highs and lows. As well, it is trading inside a bullish channel formation. We are in a middle of a correction where further movement to …

GBP/JPY Long-Term Trend: Bullish Key Resistance Levels: 156.08, 157.97, 158.00 Key Support Levels: 154.82, 153.87, 153.41 Daily Chart: The price on the higher time frame is in a clear upward movement where it posted higher highs and lows. We are in a middle of the correction which has the expanding wedge formation. Further upside movement is expected in the coming …

USD/JPY Long-Term Trend: Bullish Key Resistance Levels: 110.20, 110.79, 111.00 Key Support Levels: 109.37, 109.00, 108.61 Daily Chart: The price on the higher time frame is trending to the upside by posting higher highs and lows. the price recently managed to break the 109.37 USD resistance (now support). The market is in a middle of a correction above this level …

CAD/JPY Long-Term Trend: Bullish Key Resistance Levels: 91.60, 92.75, 93.00 Key Support Levels: 90.85, 90.66, 89.92 Daily Chart: The price on the higher time frame is trending to the upside by posting higher highs and lows. the price recently managed to break the 90.84 USD resistance (now support). The market is in a middle of a correction above this level …

CHF/JPY Long-Term Trend: Bullish Key Resistance Levels: 122.36, 122.65, 123.00 Key Support Levels: 121.82, 121.44, 121.00 Daily Chart: The price on the higher time frame is trading inside a bullish channel formation where it is posting higher highs and lows. Recently, the price violated and broke the daily resistance around the 121.82 USD (now support), and is retracing to it. …