Daily Forex Analysis

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 …

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 …