GBPUSD Daily Analysis – January 23, 2019

by ForexCycle.com | January 23, 2019 3:35 am
GBPUSD is facing the resistance at 1.3000, a break of this level would indicate that the upside movement from 1.2396 has resumed, then next target would be at 1.3100 area. Support is located at the bullish trend...

EURUSD Daily Analysis – January 23, 2019

by ForexCycle.com | January 23, 2019 3:34 am
EURUSD remains in the downtrend from 1.1570, the bounce from 1.1336 is likely consolidation for the downtrend. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be...

USDCAD Daily Analysis – January 22, 2019

by ForexCycle.com | January 22, 2019 2:36 am
USDCAD is facing 1.3322 resistance once again, a break of this level could take the price to next resistance level at 1.3400. Support is at 1.3179, below this level would indicate that the downtrend has resumed, then...

USDJPY Daily Analysis – January 22, 2019

by ForexCycle.com | January 22, 2019 2:35 am
USDJPY stays above the bullish trend line on the 4-hour chart and remains in the uptrend from 107.76. As long as the trend line support holds, the upside movement could be expected to continue and next target...

AUDUSD Daily Analysis – January 22, 2019

by ForexCycle.com | January 22, 2019 2:35 am
AUDUSD’s fall from 0.7235 extended to as low as 0.7140. Deeper decline is still possible and next target would be at 0.7100 area. As long as 0.7100 support holds, the uptrend could be expected to resume, a...

GBPUSD Daily Analysis – January 22, 2019

by ForexCycle.com | January 22, 2019 2:33 am
GBPUSD stays above the bullish trend line on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.2396. As long as the trend line support holds, the upside movement could be expected to continue...

EURUSD Daily Analysis – January 22, 2019

by ForexCycle.com | January 22, 2019 2:33 am
EURUSD’s downside movement from 1.1570 extended to as low as 1.1353. As long as the price is below the falling trend line on the 4-hour chart, the downtrend could be expected to continue and next target would...

USDCAD Daily Analysis – January 21, 2019

by ForexCycle.com | January 21, 2019 4:37 am
USDCAD moved sideways in a trading range between 1.3179 and 1.3322. The sideways movement is likely consolidation for the downtrend from 1.3664. As long as 1.3322 resistance holds, the downtrend could be expected to resume and further...

USDJPY Daily Analysis – January 21, 2019

by ForexCycle.com | January 21, 2019 4:36 am
USDJPY extended its upside movement from 107.76 to as high as 109.88. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next...

AUDUSD Daily Analysis – January 21, 2019

by ForexCycle.com | January 21, 2019 4:35 am
AUDUSD remains in the uptrend from 0.6765, the fall from 0.7235 is likely consolidation for the uptrend. Range trading between 0.7100 and 0.7235 is possible in a couple of days. As long as 0.7100 support holds, the...