Daily Forex Analysis

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 …

EUR/GBP Long-Term Trend: Bullish Key Resistance Levels: 0.8674, 0.8700, 0.8750 Key Support Levels: 0.8639, 0.8588, 0.8549 Daily Chart: The price was in a downtrend before facing a strong support around the 0.8588 USD mark. This support halted the move to the downside and reversed the price to the upside by posting higher highs and lows. EUR/GBP Medium-Term Trend: Bullish 1-hour …

NZD/CAD Long-Term Trend: Bullish Key Resistance Levels: 0.8747, 0.8786, 0.8800 Key Support Levels: 0.8689, 0.8635, 0.8600 Daily Chart: The price was in a downtrend where it posted lower lows and highs before managing to reverse once it reached the 0.8635 USD mark. This led to a move to the upside where we expect a change in the direction of the …

CAD/JPY Long-Term Trend: Bullish Key Resistance Levels: 90.66, 91.09, 92.00 Key Support Levels: 90.24, 89.92, 89.74 Daily Chart: The price on the higher time frame is in a clear upward movement where it is posting higher highs and lows. The pair formed a bullish channel pattern. The price succeeded to break it to the downside but failed to break the …

Gold – XAU/USD Long-Term Trend: Bullish Key Resistance Levels: 1885.35, 1892.65, 1897.50 Key Support Levels: 1873.20, 1868.35, 1861.05 Daily Chart: Gold is trading at 1,877 level, and it has closed a Doji pattern followed by a sharp bullish trend. This demonstrates that buyers are exhausted, and now sellers are likely to take the lead. On the lower side, the pair …

NZD/USD Long-Term Trend: Choppy Key Resistance Levels: 0.7182, 0.7193, 0.7204 Key Support Levels: 0.7160, 0.7149, 0.7138 Daily Chart: The NZD/USD pair is trading choppy between a narrow trading range of 0.7032 – 0.7157. The upward trendline supports bullish bias on the daily chart; however, the downward trendline extends bearish pressure around 0.7230 level. NZD/USD Medium-Term Trend: Bearish 1-hour Chart: On …

GBP/USD Long-Term Trend: Bullish Key Resistance Levels: 1.4221, 1.4244, 1.4300 Key Support Levels: 1.4146, 1.4049, 1.4002 Daily Chart: The price on the higher time frame is in a clear upward movement where it is trading inside a bullish wedge formation. The pair is currently traded above the daily support (1.4146 USD) where we expect a further movement to the upside …

EUR/CAD Long-Term Trend: Bearish Key Resistance Levels: 1.4727, 1.4795, 1.5000 Key Support Levels: 1.4650, 1.4581, 1.4550 Daily Chart: The price on the higher time frame is in a downtrend where it posted lower lows and highs. Currently, the price posted a correction count to the 1.4795 USD resistance where it bounced and dropped to the downside. EUR/CAD Medium-Term Trend: Bearish …

EUR/CHF Long-Term Trend: Bearish Key Resistance Levels: 1.1004, 1.1040, 1.1056 Key Support Levels: 1.0951, 1.0934, 1.0898 Daily Chart: The EUR/CHF is trading with a bearish bias at 1.0954 level, and it has formed a downward channel on the daily timeframe. On the lower side, the pair can find support at 1.0941 level and resistance around 1.0966. The EUR/CHF has recently …