USDCAD Daily Analysis – May 11, 2018

by ForexCycle.com | May 11, 2018 1:46 am
USDCAD broke below 1.2803 support, suggesting that the upside movement from 1.2526 had completed at 1.2997 already. Further decline could be expected after a corrective consolidation and next target would be at 1.2600 area. Resistance levels are...

USDJPY Daily Analysis – May 11, 2018

by ForexCycle.com | May 11, 2018 1:46 am
USDJPY failed in its attempt to breakout of 110.03 and stayed in a trading range between 108.64 and 110.03, suggesting that lengthier consolidation for the uptrend from 104.63 is needed. Near term support is at the bottom...

AUDUSD Daily Analysis – May 11, 2018

by ForexCycle.com | May 11, 2018 1:45 am
AUDUSD is facing 0.7560 resistance. A breakout of this level would confirm that the downside movement from 0.7813 had completed at 0.7412 already, then next target would be at 0.7700 area. On the downside, as long as...

GBPUSD Daily Analysis – May 11, 2018

by ForexCycle.com | May 11, 2018 1:45 am
GBPUSD extended its downside movement from 1.4376 to as low as 1.3459. Key resistance is now at 1.3617. As long as this level holds, the sideways movement in a range between 1.3459 and 1.3617 could be treated...

EURUSD Daily Analysis – May 11, 2018

by ForexCycle.com | May 11, 2018 1:44 am
EURUSD broke above the falling trend line on its 4-hour chart, suggesting that the downside movement from 1.2413 had completed at 1.1822 already. Further rally could be expected in the coming days and next target would be...

USDCAD Daily Analysis – May 10, 2018

by ForexCycle.com | May 10, 2018 1:29 am
USDCAD dropped sharply from 1.2997, breaking below 1.2870 support. Deeper decline to test 1.2803 support could be expected, a breakdown below this level would confirm that the upside movement from 1.2526 had completed at 1.2997 already, then...

USDJPY Daily Analysis – May 10, 2018

by ForexCycle.com | May 10, 2018 1:28 am
USDJPY is facing 110.03 resistance, a breakout of this level could signal resumption of the uptrend from 104.63, then next target would be at 111.50 area. Near term support is at the bottom of the price channel...

AUDUSD Daily Analysis – May 10, 2018

by ForexCycle.com | May 10, 2018 1:28 am
AUDUSD’s downside movement from 0.7813 extended to as low as 0.7412. Further decline is still possible after a minor consolidation and next target would be at 0.7300 area. Resistance levels are at 0.7500 and 0.7560, only break...

GBPUSD Daily Analysis – May 10, 2018

by ForexCycle.com | May 10, 2018 1:27 am
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 1.4376 had completed at 1.3484 already. Further rally would likely be seen and a breakout of 1.3606 resistance could take price...

EURUSD Daily Analysis – May 10, 2018

by ForexCycle.com | May 10, 2018 1:26 am
EURUSD remains in the downtrend from 1.2413, the bounce from 1.1822 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...