AUDUSD Daily Analysis – January 31, 2019

by ForexCycle.com | January 31, 2019 1:03 am
AUDUSD extended its upside movement from 0.7075 to as high as 0.7272, breaking above 0.7235 resistance. Further rise could be expected after a minor consolidation and next target would be at 0.7350 area. Support is located at...

GBPUSD Daily Analysis – January 31, 2019

by ForexCycle.com | January 31, 2019 1:02 am
GBPUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.3217 could be treated as consolidation for the uptrend from 1.2396, another...

EURUSD Daily Analysis – January 31, 2019

by ForexCycle.com | January 31, 2019 1:01 am
EURUSD extended its upside movement from 1.1289 to as high as 1.1501. Further rise is still possible after a minor consolidation and next target would be at 1.1550 area. Support is located at the bullish trend line...

USDCAD Daily Analysis – January 30, 2019

by ForexCycle.com | January 30, 2019 5:56 am
USDCAD remains in the downtrend from 1.3374, the bounce from 1.3202 is likely consolidation for the downtrend. Another fall could be expected after the consolidation, a breakdown below 1.3200 support could trigger another fall towards 1.3100. Resistance...

USDJPY Daily Analysis – January 30, 2019

by ForexCycle.com | January 30, 2019 5:55 am
USDJPY moved sideways in a trading range between 109.14 and 109.99. As long as 109.14 support holds, the sideways movement could be treated as consolidation for the uptrend from 105.05, further rise to 110.50 area is possible....

AUDUSD Daily Analysis – January 30, 2019

by ForexCycle.com | January 30, 2019 5:54 am
AUDUSD is facing 0.7203 resistance, a break of this level could signal resumption of the uptrend from 0.7075, then next target would be at 0.7300 area. Near term support is at 0.7135, be low this level could...

GBPUSD Daily Analysis – January 30, 2019

by ForexCycle.com | January 30, 2019 5:53 am
GBPUSD remains in the uptrend from 1.2396, the pullback from 1.3217 could be treated as consolidation for the uptrend. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement...

EURUSD Daily Analysis – January 30, 2019

by ForexCycle.com | January 30, 2019 5:52 am
EURUSD extended its upside movement from 1.1289 to as high as 1.1450. Further rise is still possible after a minor consolidation and next target would be at 1.1500 area. Support is at 1.1400, below this level could...

USDCAD Daily Analysis – January 29, 2019

by ForexCycle.com | January 29, 2019 3:14 am
Being contained by 1.3179 support, USDCAD rebounded from 1.3202. However, the bounce is likely correction for the downtrend from 1.3374, another fall towards 1.3100 could be expected after the correction. Resistance is at 1.3300, only break above...

USDJPY Daily Analysis – January 29, 2019

by ForexCycle.com | January 29, 2019 3:14 am
USDJPY broke below 109.14 support, suggesting that the upside movement from 105.05 had completed at 109.99 already. Further decline could be expected and next target would be at 108.00 area. Resistance is at 109.55, only a break...