Daily Forex Analysis

CAD/JPY Long-Term Trend: Bullish Key Resistance Levels: 90.77, 91.60, 92.00 Key Support Levels: 89.69, 88.24, 87.00 Daily Chart: The price on the higher time frame is posting higher highs and lows indicating that we are in a clear uptrend movement. After a huge rally a correction has been posted to the 89.24 USD mark, and we could see after it …

Key Resistance Levels: 1.4171, 1.4200, 1.4234 Key Support Levels: 1.4107, 1.4074, 1.4044 Daily Chart: The GBP/USD pair is trading at 1.4136 level and it seems to close a Doji candle on the daily timeframe. As we can see, the Doji candle will be followed by a solid upward channel and if this happens, we may have a bearish correction in …

USD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.9044, 0.9087, 0.9160 Key Support Levels: 0.8992, 0.8919, 0.8850 Daily Chart: The price on the higher time frame is posting lower lows and highs indicating that we are in a clear downtrend movement. After a huge selloff we should expect a correction count and this is what we are trading now. USD/CHF Medium-Term …

NZD/USD Long-Term Trend: Bullish Key Resistance Levels: 0.7305, 0.7359, 0.7455 Key Support Levels: 0.7254, 0.7191, 0.7122 Daily Chart: The price on the higher time frame is posting higher highs and lows and managed to break the strong resistance around the 0.7254 USD mark. A lower correction has been posted to this level which is now representing a support. Further movement …

Key Resistance Levels: 0.8661, 0.8738, 0.8775 Key Support Levels: 0.8547, 0.8510, 0.8433 Daily Chart: The EUR/GBP pair has violated an ascending triangle pattern that was supporting the forex cross around 0.8625 level on the daily timeframe. For now, the same trading level of 0.8625 is likely to work as a resistance. Therefore, our initial target for a buy signal is …

AUD/USD Long-Term Trend: Bullish Key Resistance Levels: 0.7897, 0.7929, 0.8007 Key Support Levels: 0.7837, 0.7803, 0.7763 Daily Chart: The price on the higher time frame is posting higher highs and lows and managed to break the strong resistance around the 0.7803 USD mark. A lower correction has been posted to this level which is now a support. Further movement to …

EUR/USD Long-Term Trend: Bullish Key Resistance Levels: 1.2150, 1.2240, 1.2300 Key Support Levels: 1.2059, 1.1992, 1.1951 Daily Chart: The price on the higher time frame is posting higher highs and lows and managed to break the strong resistance around the 1.2059 USD mark. A lower correction has been posted to this level which is now a support. Further movement to …

EUR/JPY Long-Term Trend: Bullish Key Resistance Levels: 132.14, 133.15, 136.63 Key Support Levels: 130.97, 130.66, 129.22 Daily Chart: The price on the higher time frame succeeded to break the strong resistance around the 132.14 USD mark by posting higher highs and lows. A correction count has been posted where we expect further movement to the upside. EUR/JPY Medium-Term Trend: Bullish …

LINK/USDT Long-Term Trend: Bullish Key Resistance Levels: 49.88, 51.15, 52.00 Key Support Levels: 46.94, 44.24, 40.80 Daily Chart: The price on the higher time frame succeeded to break the 44.24 USDT mark which represents the daily resistance and the previous all time high. Now, we are inside a correction count which might lead to a further movement to the upside. …

XRP/USDT Long-Term Trend: Bullish Key Resistance Levels: 1.9064, 1.9668, 2.0000 Key Support Levels: 1.6429, 1.5016, 1.3271 Daily Chart: The price on the higher time frame managed to break the bullish flag formation to the upside, by posting a big engulfing bullish candlestick. This led to an aggressive high buy pressure and a break of the1.6429 USDT mark. Further upside movement …