Daily Forex Analysis

EUR/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.6909, 1.7030, 1.7050 Key Support Levels: 1.6802, 1.6686, 1.6650 Daily Chart: The price on the higher time frame was rejected from the strong daily support around the 1.6686 and reversed to be traded with dominance of the bulls. Recently, the pair succeeded to break the daily resistance (now support) around the 1.6802 USD …

EUR/USD Long-Term Trend: Bullish Key Resistance Levels: 1.2229, 1.2308, 1.2350 Key Support Levels: 1.2177, 1.2131, 1.2100 Daily Chart: The price on the higher time frame is trading inside a bullish channel formation where it posted higher highs and lows. Recently, the pair left a correction count near the trend line support. It failed to break the daily support to the …

AUD/JPY Long-Term Trend: Bullish Key Resistance Levels: 85.12, 85.44, 86.00 Key Support Levels: 84.59, 84.13, 83.18 Daily Chart: The price on the daily time frame is trending to the upside where it posted a wedge pattern as a retracement. The pair succeeded to break it to the upside by using bullish candlesticks with huge bodies showing that the bulls are …

CAD/JPY Long-Term Trend: Bullish Key Resistance Levels: 91.42, 91.84, 92.60 Key Support Levels: 90.23, 89.48, 89.05 Daily Chart: The CAD/JPY pair is trading at 90.802 level, and it’s looking to retrace back on the daily timeframe. On the daily chart, we can see the bullish engulfing pattern suggesting a strong bullish bias in the CAD/JPY. On the lower side, the …

USD/CHF Long-Term Trend: Bearish Key Resistance Levels: 0.8990, 0.9046, 0.9092 Key Support Levels: 0.8931, 0.8890, 0.8855 Daily Chart: The price on the daily time frame is in a clear downtrend where it posted lower lows, and highs. Recently, the pair violated the daily support (now resistance) around the 0.8990 USD mark. It succeeded to break it and close below it …

USD/JPY Long-Term Trend: Bullish Key Resistance Levels: 109.48, 109.69, 110.00 Key Support Levels: 109.00, 108.61, 108.43 Daily Chart: The price on the higher time frame failed to break the daily support around the 108.61 USD level. It reversed and moved to the upside by managing to violate the strong resistance and closing above it. A retracement might be seen before …

EUR/JPY Long-Term Trend: Bullish Key Resistance Levels: 133.88, 134.44, 135.00 Key Support Levels: 133.06, 132.03, 131.65 Daily Chart: The price on the daily time frame is traded inside a bullish ascending wedge by posting higher highs and lows. Recently, it managed to break the 133.06 USD level, and retrace to it. Further upside is expected to be seen in the …

NZD/JPY Long-Term Trend: Bullish Key Resistance Levels: 79.90, 80.33, 81.01 Key Support Levels: 78.79, 78.11, 77.68 Daily Chart: The NZD/JPY currency pair is trading with a bullish bias at 79.58 level, violating the double top resistance level of 79.34 level. The pair has violated an ascending triangle pattern that’s extending buying trend in the pair on the daily timeframe. The …

EUR/JPY Long-Term Trend: Bullish Key Resistance Levels: 133.64, 134.05, 134.46 Key Support Levels: 131.98, 132.39, 132.81 Daily Chart: The EUR/JPY pair is likely to close a shooting star candlestick pattern around 133.146 level on the daily timeframe. The shooting star pattern followed by a strong bullish candle signifies odds of bearish reversal. Therefore, the EUR/JPY pair may take a bearish …

AUD/JPY Long-Term Trend: Bullish Key Resistance Levels: 84.94, 85.44, 86.00 Key Support Levels: 84.62, 84.13, 84.00 Daily Chart: The price is in a clear uptrend where it posted a big retracement with a form of a wedge around the 84.13 USD mark. The support halted the price to move to the downside and pushed it to the upside by breaking …