AUDUSD Daily Analysis – July 31, 2018

by ForexCycle.com | July 31, 2018 1:01 am
AUDUSD moved sideways in a trading range between 0.7310 and 0.7483. Another fall towards 0.7300 would likely be seen in a couple of days. Near term resistance is at 0.7425, only break above this level could trigger...

GBPUSD Daily Analysis – July 31, 2018

by ForexCycle.com | July 31, 2018 1:01 am
GBPUSD failed to break below 1.3070 support and stayed in a trading range between 1.3070 and 1.3213. As long as 1.3070 support holds, the price action in the range could be treated as consolidation for the uptrend...

EURUSD Daily Analysis – July 31, 2018

by ForexCycle.com | July 31, 2018 1:00 am
EURUSD formed a triangle pattern on its 4-hour chart. A clear break above the top trend line of the pattern could take the price to 1.1900 area, followed by 1.2000. Support is at the bottom of the...

USDCAD Daily Analysis – July 30, 2018

by ForexCycle.com | July 30, 2018 1:55 am
USDCAD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.3289. As long as the price is in the channel, the downtrend could be expected to continue and next target...

USDJPY Daily Analysis – July 30, 2018

by ForexCycle.com | July 30, 2018 1:54 am
USDJPY moved sideways in a trading range between 110.58 and 111.54. As long as 111.54 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 113.17 and a breakdown below 110.58 support could...

AUDUSD Daily Analysis – July 30, 2018

by ForexCycle.com | July 30, 2018 1:53 am
AUDUSD is in short term downtrend from 0.7464. Deeper decline is still possible after a minor consolidation and next target would be at 1.7300 area. Near term resistance is at 0.7425, only break above this level could...

GBPUSD Daily Analysis – July 30, 2018

by ForexCycle.com | July 30, 2018 1:53 am
GBPUSD is facing 1.3070 support, a breakdown below this level could take the price to next support level at 1.2957. On the upside, as long as 1.3070 support holds, the fall from 1.3213 could be treated as...

EURUSD Daily Analysis – July 30, 2018

by ForexCycle.com | July 30, 2018 1:52 am
EURUSD is in short term downtrend from 1.1750. Further decline would likely be seen and next target would be at 1.1550 area. Resistance is at 1.1690, only a break of this level could trigger another rise towards...

USDCAD Daily Analysis – July 27, 2018

by ForexCycle.com | July 27, 2018 12:33 am
USDCAD remains in the downtrend from 1.3289, the bounce from 1.3024 is likely consolidation for the downtrend. Resistance is now at the top trend line of the price channel on the 4-hour chart. As long as the...

USDJPY Daily Analysis – July 27, 2018

by ForexCycle.com | July 27, 2018 12:33 am
USDJPY broke above 111.20 resistance, suggesting that lengthier consolidation for the downtrend from 113.17 is needed. Further rally is possible and the target would be at 111.90 area. Support is at 110.58, only a breakdown below this...