New Day Support & Resistance Levels

We will be checking for new daily support and resistance levels on this page on a daily basis.

Our daily review will start with a quick scan of the FX price charts with emphasis on which direction price may likely go in the next few trading days.

Technically, the following forecasts will be achieved with the use of custom indicator.

Basically, as readers, we will expect you to follow the forecast in line with your strategy.

On a daily basis, we will present some interesting analyses to you on some pairs with possibilities that may be of benefit to you.

Start of 23-11-2020 Day:

CADCHF:

Daily Time Frame:

CADCHF price currently at 0.69496.

The pair price closed the with a Bearish candle that has a long bearish wick on daily time frame.

Technically, major resistance is seen at 0.70483 area on the daily time frame.

On the four hour time frame, 0.69848 is the resistance level.

Support is currently at 0.69323 on the 4 hour time frame.

While 0.68159 is the major support on the daily time frame.

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Start of 12-11-2020 Day:

GBPUSD:

Daily Time Frame:

GBPUSD price currently at 1.3152

The pair price is currently at the resistance zone on the daily time frame.

Technically, immediate resistance is seen at 1.32775 area on the daily time frame.

On the four hour time frame, 1.33132 is the resistance level.

Support is currently at 1.30913 on the 4 hour time frame.

While 1.28525 is the major support on the daily time frame.

NEWDAY

AFTER

NEW

USDCAD:

Daily Time Frame:

USDCAD price currently at 0.8905

The pair price is currently bouncing away from the lower support zone on the daily time frame.

Technically, a common support level is seen at 1.2927 area on both the daily and four time frame.

On the four hour time frame, 1.30751 is the immediate resistance level.

Major resistance is currently at 1.33889 on the daily time frame.

NEWDAY

AFTER

NEW

EURGBP:

Daily Time Frame:

EURGBP price currently at 0.8905

The pair price is currently bouncing away from the lower support zone on the daily time frame.

Technically, support level is seen at 0.8860 area on the four time frame.

0.90534 is the resistance on four hour chart.

0.91474 is the last strong hold at the resistance level area

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AFTER

New

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