Daily Forex Analysis

NZD/CAD Long-Term Trend: Bullish Key Resistance Levels: 0.8927, 0.8992, 0.9059 Key Support Levels: 0.8858, 0.8764, 0.8630 Daily Chart: The price on the higher time frame was in a downtrend and it is trading inside a bearish channel formation. It faced a strong support level around the 0.8764 USD level, where the price might reverse and start to trend to the …

GBP/AUD Long-Term Trend: Bullish Key Resistance Levels: 1.8241, 1.8385, 1.8528 Key Support Levels: 1.8111, 1.8008, 1.7898 Daily Chart: The price on the higher time frame is trading by posting higher highs and lows and recently managed to break the daily resistance around the 1.8111 USD mark. Currently, the pair is posting a correction count before moving upward again. GBP/AUD Medium-Term …

GBP/USD Long-Term Trend: Bullish Key Resistance Levels: 1.4003, 1.4080, 1.4344 Key Support Levels: 1.3808, 1.3670, 1.3540 Daily Chart: The price on the higher time frame succeeded to break the bullish flag formation to the upside and now we are expecting that the price will post a correction count to the daily support around the 1.3084 USD level. GBP/USD Medium-Term Trend: …

AUD/NZD Long-Term Trend: Bullish Key Resistance Levels: 1.0932, 1.0960, 1.1025 Key Support Levels: 1.0815, 1.0760, 1.0645 Daily Chart: The price on the higher time frame it is posting higher lows and highs which shows that we are in a clear upward movement. Recently, the price formed a bullish channel pattern where a correction count has been posted. AUD/NZD Medium-Term Trend: Bullish …

EUR/GBP Long-Term Trend: Bearish Key Resistance Levels: 0.8536, 0.8596, 0.8639 Key Support Levels: 0.8453, 0.8392, 0.8282 Daily Chart: The price on the higher time frame it is posting lower lows and highs which shows that we are in a clear downward movement. Recently, the price managed to break the daily support around the 0.8536 USD level. EURGBP Medium-Term Trend: Bearish 1-hour …

AUD/JPY Long-Term Trend: Bullish Key Resistance Levels: 84.94, 85.45, 85.65 Key Support Levels: 84.05, 83.42, 82.42 Daily Chart: The price on the higher time frame it is trading inside a parallel channel pattern where the 82.42 & 84.94 USD levels are the support and resistance respectively. The price managed to bounce on the support and managed to break all the resistances …

LTC/USDT Long-Term Trend: Bullish Key Resistance Levels: 207.17, 214.03, 230.23 Key Support Levels: 196.01, 185.00, 177.60 Daily Chart: The price on the higher time frame it is trading inside an expanding wedge formation where the price managed to break the bullish flag formation to the upside. Also, we can notice that the price is posting higher highs and lows signaling that …

GBP/CHF Long-Term Trend: Bullish Key Resistance Levels: 1.2973, 1.3114, 1.3312 Key Support Levels: 1.2973, 1.2882, 1.2800 Daily Chart: The price managed on the daily time frame managed to break the correction pattern (bullish flag) to the upside, and as well it succeeded to break the daily resistance around the 1.2979 USD level. GBP/CHF Medium-Term Trend: Bullish 1-hour Chart: On the 1-hr …

EUR/CAD Long-Term Trend: Bearish Key Resistance Levels: 1.4796, 1.4974, 1.5056 Key Support Levels: 1.4714, 1.4653, 1.4615 Daily Chart: The price is trading to the downside by showing lower lows and highs. So, we are in a downtrend which why we will consider a sell position. Currently, we are in a correction phase before the market continue its main direction to the …

EUR/JPY Long-Term Trend: Bullish Key Resistance Levels: 129.93, 131.18, 132.00 Key Support Levels: 128.46, 127.34, 125.07 Daily Chart: The price is trading inside an ascending channel formation where the price posted a correction count and stalled near the trendline support. After this retracement, the price rallied and moved to the upside to test the 129.93 USDT level. EUR/JPY Medium-Term Trend: Bullish …