Daily Forex Analysis

EUR/AUD Long-Term Trend: Bullish Key Resistance Levels: 1.5813, 1.5892, 1.5900 Key Support Levels: 1.5727, 1.5622, 1.5600 Daily Chart: The price on the daily time frame is trending to the upside where it entered a big correction and the price succeeded to stay above the 1.5727 USD level. After this correction we expect further movement to the upside in the same …

EUR/USD Long-Term Trend: Bullish Key Resistance Levels: 1.2228, 1.2254, 1.2300 Key Support Levels: 1.2172, 1.2134, 1.2100 Daily Chart: The price on the daily time frame is trending to the upside where it entered inside a bullish flag formation. This is a continuation pattern where the price will move upward again in the same direction of the main trend once it …

GBP/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.9764, 1.9800, 1.9850 Key Support Levels: 1.9662, 1.9591, 1.9550 Daily Chart: The price on the daily time frame is in a clear upward movement. The pair is showing higher highs and lows. We are expecting further movement to the upside in the same direction of the main trend. GBP/NZD Medium-Term Trend: Bullish 1-hour …

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 …