Daily Forex Analysis

CAD/JPY Long-Term Trend: Bullish Key Resistance Levels: 90.77, 91.60, 92.00 Key Support Levels: 89.93, 89.24, 88.24 Daily Chart: The price on the daily time frame is in a clear uptrend where it posted higher highs and lows. It managed to break the daily resistance around the 89.93 USD mark with a big bullish candlestick. It formed a wedge pattern which …

GBP/JPY Long-Term Trend: Bullish Key Resistance Levels: 154.71, 155.58, 156.00 Key Support Levels: 153.64, 153.40, 152.26 Daily Chart: The price on the daily time frame is in a clear uptrend where it posted higher highs and lows. It managed to break the daily resistance around the 153.64 USD mark with a big bullish candlestick. It formed a wedge pattern which …

Key Resistance Levels: 1.4084, 1.4118, 1.4158 Key Support Levels: 1.4009, 1.3970, 1.3935 Daily Chart: The GBP/USD pair is trading strongly bullish at 1.4103 level after closing a shooting star candle at 1.4050 level. Closing of the candle above 1.4015 level is suggesting odds of bullish trend continuation in Sterling. Previously, the same trading level of 1.4015 was working as a …

GBP/USD Long-Term Trend: Bullish Key Resistance Levels: 1.4106, 1.4153, 1.4181       Key Support Levels: 1.4070, 1.4007, 1.3975 Daily Chart: The price on the daily time frame is in a clear uptrend where it posted higher highs and lows. It managed to break the daily resistance around the 1.4007 USD mark with a big bullish candlestick. It retraced to the daily support …

DOGE/USDT Long-Term Trend: Bullish Key Resistance Levels: 0.6132, 0.7341, 0.7400 Key Support Levels: 0.5172, 0.4176, 0.3507 Daily Chart: The price on the daily time frame managed to break the wedge formation to the upside. The price succeeded as well to break the daily resistance around the 0.5172 USDT mark. The previous resistance became support where we expect the price to …

AUD/JPY Long-Term Trend: Bearish Key Resistance Levels: 84.59, 85.44, 85.71 Key Support Levels: 84.13, 83.09, 82.78 Daily Chart: The price on the higher time frame failed to probe above the daily resistance around the 85.71 USD mark. This led to a reversal and the market is moving to the downside. In addition, the market managed to break the daily support …

USD/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.2253, 1.2322, 1.2350 Key Support Levels: 1.2083, 1.1942, 1.1800 Daily Chart: The price on the higher time frame was in a downtrend before facing a strong support around the 1.2083 USD mark. We can see that the price get stuck above this level and try to reverse. USD/CAD Medium-Term Trend: Bullish 1-hour Chart: …

CAD/JPY Long-Term Trend: Bullish Key Resistance Levels: 90.77, 91.60, 92.92 Key Support Levels: 90.10, 89.24, 88.24 Daily Chart: The price on the higher time frame has posted higher highs and lows showing that we are in a clear uptrend. The price managed to break the 90.10 USD resistance which is now a support level. A correction has been posted as …

Key Resistance Levels: 109.75, 110.02, 110.44 Key Support Levels: 108.89, 108.62, 108.19 Daily Chart: The USD/JPY is trading bullish at 109.550 level, maintaining a tight trading range of 109.829 – 109.400 level. The safe-haven currency pair USD/JPY is facing immediate resistance at 109.820 along with a support level of 109.400. The recent formation of series of Doji and Shooting Star …

GBP/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.9697, 1.9765, 1.9800 Key Support Levels: 1.9596, 1.9444, 1.9319 Daily Chart: The price on the higher time frame has posted a double bottom and managed to rally all the way up after breaking the neckline of this pattern. In addition, the price succeeded to break the 1.9596 USD resistance level, and now we …