GBPUSD Daily Analysis – December 27, 2018

by ForexCycle.com | December 27, 2018 3:50 am
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 1.3174 had completed at 1.2475 already. Further rally would likely be seen and next target would be at 1.2850 area. Near...

EURUSD Daily Analysis – December 27, 2018

by ForexCycle.com | December 27, 2018 3:49 am
EURUSD is now in the downtrend from 1.1485, further decline could be expected in the coming days and next target would be at 1.1267 support. Resistance is at 1.1420, only break above this level could trigger another...

USDCAD Daily Analysis – December 24, 2018

by ForexCycle.com | December 24, 2018 3:30 am
USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.3253. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDJPY Daily Analysis – December 24, 2018

by ForexCycle.com | December 24, 2018 3:29 am
USDJPY remains in the downtrend from 113.70, the bounce from 110.81 is likely consolidation for the downtrend, a breakdown below 110.81 support could trigger further downside movement towards 110.00. Resistance is at 111.70, only a break of...

AUDUSD Daily Analysis – December 24, 2018

by ForexCycle.com | December 24, 2018 3:28 am
AUDUSD extended its downside movement from 0.7393 to as low as 0.7031. Resistance is now at 0.7100, as long as this level holds, the downside movement could be expected to continue and next target would be at...

GBPUSD Daily Analysis – December 24, 2018

by ForexCycle.com | December 24, 2018 3:27 am
GBPUSD is testing the resistance of the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.2475 could be treated as consolidation for the downtrend from 1.3174, a...

EURUSD Daily Analysis – December 24, 2018

by ForexCycle.com | December 24, 2018 3:26 am
EURUSD pulled back from 1.1485 and broke below the bullish trend line on the 4-hour chart, suggesting that the uptrend from 1.1269 had completed. Another fall towards 1.1200 could be expected in the coming days. Resistance is...

USDCAD Daily Analysis – December 21, 2018

by ForexCycle.com | December 21, 2018 2:21 am
USDCAD extended its upside movement from 1.3253 to as high as 1.3529. As long as the prices are above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next...

USDJPY Daily Analysis – December 21, 2018

by ForexCycle.com | December 21, 2018 2:20 am
USDJPY extended its downside movement from 113.70 to as low as 110.81. Further decline is still possible after a minor consolidation and next target would be at 110.00 area. Near term resistance is at 111.50, a break...

AUDUSD Daily Analysis – December 21, 2018

by ForexCycle.com | December 21, 2018 2:19 am
AUDUSD remains in the downtrend from 0.7393, the bounce from 0.7086 is likely consolidation for the downtrend. Resistance is at 0.7150, as long as this level holds, the downtrend could be expected to continue and next target...