Daily Forex Analysis

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 …

EUR/USD Long-Term Trend: Bullish Key Resistance Levels: 1.2154, 1.2159, 1.2166 Key Support Levels: 1.2143, 1.2135, 1.2131 Daily Chart: The EUR/USD is violating a strong intraday resistance area of 1.2180 level and above this, the pair has the potential to go after the next target level of 1.2243 level. EUR/USD Medium-Term Trend: Bullish 1-hour Chart: On the lower time frame the …

XAU/USD Long-Term Trend: Bullish Key Resistance Levels: 1849.70, 1852.15, 1855.60 Key Support Levels: 1843.80, 1840.35, 1837.90 Daily Chart: Gold is trading with a slightly bearish bias at 1,848 level, having formed Doji and shooting start candles right below an immediate resistance area of 1,855. Closing of candles below this level is likely to drive the selling trend until the next …

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: …