Daily Forex Analysis

EUR/GBP Long-Term Trend: Choppy Key Resistance Levels: 0.8635, 0.8657, 0.8669 Key Support Levels: 0.8602, 0.8589, 0.8568 Daily Chart: The EUR/GBP cross is making a choppy movement around the 0.8600 level on the daily timeframe, holding below a vital resistance area of 0.8640. On the lower side, the pair is likely to target 0.8558 levels. There’s an upward trendline that’s likely …

GBP/CHF Long-Term Trend: Bullish Key Resistance Levels: 1.2771, 1.2815, 1.2830 Key Support Levels: 1.2728, 1.2701, 1.2668 Daily Chart: The price on the daily time frame was in a downtrend before facing a strong support around the 1.2582 USD mark which led to a reversal. The pair rallied and posted a correction count toward the 50% Fibonacci retracement level. This move …

GBP/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.9751, 1.9801, 1.9824 Key Support Levels: 1.9655, 1.9566, 1.9530 Daily Chart: The price on the daily time frame succeeded to change direction after failing to cross and close below the daily support around the 1.9190 USD mark. The price started to trend to the upside by posting higher highs and lows and broke …

EUR/USD Long-Term Trend: Bullish Key Resistance Levels: 1.2238, 1.2272, 1.2309 Key Support Levels: 1.2170, 1.2150, 1.2134 Daily Chart: The price on the daily time frame is in a clear uptrend movement where it posted higher highs and lows. A correction count can be seen on the higher time which could lead to a further movement to the upside in the …

GBP/USD Long-Term Trend: Bullish Key Resistance Levels: 1.4244, 1.4344, 1.4400 Key Support Levels: 1.4007, 1.3800, 1.3672 Daily Chart: The price on the daily time frame is trending to the upside by posting higher highs and lows. Currently, the market is forming a correction count where we expect further movement to the upside in the same direction of the main trend. …

USD/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.2132, 1.2255, 1.2300 Key Support Levels: 1.2059, 1.2003, 1.1942 Daily Chart: The price on the daily time frame is trending to the downside by posting lower lows and highs. Currently, the market failed to probe below the 1.2059 USD mark. we have a potential of a reversal where the market might start to …

EUR/GBP Long-Term Trend: Bearish Key Resistance Levels: 0.8632, 0.8700, 0.8738 Key Support Levels: 0.8588, 0.8549, 0.8494 Daily Chart: The price on the daily time frame is trending to the downside by posting lower lows and highs. Currently we are in the middle of a correction that retraced to the 0.8632 USD mark. After that move we expect further movement to …

Gold – XAU/USD Long-Term Trend: Bullish Key Resistance Levels: 1848.50, 1849.90, 1852.15 Key Support Levels: 1844.00, 1842.60, 1840.35 Daily Chart: Gold is trading bullish at 1,863 area, having entered into the overbought zone. The precious metal is now looking to break lower in order to complete Fibonacci retracement. On the daily timeframe, the violation of 1,863 support level can extend …

EUR/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.6914, 1.6986, 1.7000 Key Support Levels: 1.6802, 1.6674, 1.6557 Daily Chart: The price on the daily time frame is in a clear uptrend where the pair succeeded to break the daily resistance (now support), and posted an inverse head and shoulders. We are expecting further movement to the upside in the same direction …

GBP/CAD Long-Term Trend: Bearish Key Resistance Levels: 1.7123, 1.7159, 1.7200 Key Support Levels: 1.7010, 1.6905, 1.6809 Daily Chart: The price on the daily time frame is in a clear downtrend where it is posting lower lows and highs. The pair posted a correction count to the daily resistance near the 1.7123 USD mark. We are expecting further movement to the …