AUDUSD Daily Analysis – August 24, 2018

by ForexCycle.com | August 24, 2018 4:04 am
AUDUSD’s downside movement from 0.7381 extended to as low as 0.7237. Deeper decline to test 0.7202 support is still possible after a minor consolidation. Resistance is at 0.7310, only a break of this level could bring the...

GBPUSD Daily Analysis – August 24, 2018

by ForexCycle.com | August 24, 2018 4:03 am
GBPUSD failed to break above the falling trend line on the 4-hour chart and pulled back from 1.2936, facing the support level at 1.2800. A breakdown below this level could trigger further downside movement towards 1.2700. Near...

EURUSD Daily Analysis – August 24, 2018

by ForexCycle.com | August 24, 2018 4:03 am
EURUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the fall from 1.1622 could be treated as consolidation for the uptrend from 1.1301, another...

USDCAD Daily Analysis – August 23, 2018

by ForexCycle.com | August 23, 2018 2:26 am
USDCAD’s downside movement from 1.3174 extended to as low as 1.2986. Further decline to test 1.2961 support is possible, a break below this level could trigger further downside movement to 1.2900 area. Near term resistance is at...

USDJPY Daily Analysis – August 23, 2018

by ForexCycle.com | August 23, 2018 2:26 am
USDJPY is facing the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 109.77 could be treated as consolidation for the downtrend from 112.15 and another fall towards...

AUDUSD Daily Analysis – August 23, 2018

by ForexCycle.com | August 23, 2018 2:25 am
AUDUSD broke below the bullish trend line on the 4-hour chart and dropped sharply to as low as 0.7286, suggesting that the upside movement from 0.7202 had completed at 0.7381 already. Further decline is still possible and...

GBPUSD Daily Analysis – August 23, 2018

by ForexCycle.com | August 23, 2018 2:25 am
GBPUSD extended its upside movement from 1.2661 to as high as 1.2936. Further rise towards the falling trend line on the 4-hour chart is possible in the coming days. Near term support is at 1.2800, only a...

EURUSD Daily Analysis – August 23, 2018

by ForexCycle.com | August 23, 2018 2:24 am
EURUSD extended its upside movement from 1.1301 to as high as 1.1622. As long as the price is above the bullish trend line on the 4-hour chart, the pullback from 1.1622 could be treated as consolidation for...

USDCAD Daily Analysis – August 22, 2018

by ForexCycle.com | August 22, 2018 4:42 am
USDCAD extended its downside movement from 1.3174 to as low as 1.3013. Further decline is still possible and next target would be at 1.2961 support. Near term resistance is at 1.3070, only a breakout of this level...

USDJPY Daily Analysis – August 22, 2018

by ForexCycle.com | August 22, 2018 4:41 am
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 112.15. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...