EURUSD Daily Analysis – April 6, 2018

by ForexCycle.com | April 6, 2018 2:36 am
EURUSD extended its downside movement from 1.2476 to as low as 1.2218, breaking below 1.2239 support. Further decline is still possible after a minor consolidation and next target would be at 1.2155 support. Near term resistance is...

USDCAD Daily Analysis – April 5, 2018

by ForexCycle.com | April 4, 2018 10:34 pm
USDCAD extended its downside movement from 1.3124 to as low as 1.2756. Further decline is still possible in the coming days and next target would be at 1.2650 area. Resistance levels are at 1.2860 and 1.2948, only...

USDJPY Daily Analysis – April 5, 2018

by ForexCycle.com | April 4, 2018 10:34 pm
USDJPY is now facing 107.01 resistance, a breakout of this level could signal resumption of the uptrend from 104.63, then further rise to test 107.90 resistance could be seen. Support is at 105.65, only a breakdown below...

AUDUSD Daily Analysis – April 5, 2018

by ForexCycle.com | April 4, 2018 10:33 pm
AUDUSD broke above 0.7710 resistance, suggesting that lengthier consolidation for the downtrend from 0.7916 is underway. Further rally is possible and the target would be at 0.7760 area. Support is at 0.7642, only a breakdown below this...

GBPUSD Daily Analysis – April 5, 2018

by ForexCycle.com | April 4, 2018 10:33 pm
GBPUSD’s bounce from 1.4008 extended to as high as 1.4096. Resistance is at 1.4150, as long as this level holds, the bounce could be treated as consolidation for the downtrend from 1.4244, and a breakdown below 1.4008...

EURUSD Daily Analysis – April 5, 2018

by ForexCycle.com | April 4, 2018 10:32 pm
EURUSD is facing 1.2239 support. A breakdown below this level could trigger further downside movement towards 1.2155. Resistance is at 1.2345, above this level would suggest that the short term downtrend from 1.2476 is complete, then another...

USDCAD Daily Analysis – April 4, 2018

by ForexCycle.com | April 4, 2018 2:12 am
USDCAD broke below 1.2803 support, suggesting that the downside movement from 1.3124 has resumed. Further decline could be expected in a couple of days and next target would be at 1.2650 area. Resistance levels are at 1.2860...

USDJPY Daily Analysis – April 4, 2018

by ForexCycle.com | April 4, 2018 2:11 am
USDJPY remains in the short term uptrend from 104.63, the fall from 107.01 is likely correction for the uptrend. Another rise to test 107.29 resistance is possible and a break of this level could take price to...

AUDUSD Daily Analysis – April 4, 2018

by ForexCycle.com | April 4, 2018 2:11 am
No changed in our view, AUDUSD remains in the downtrend from 0.7916, the bounce from 0.7642 is likely consolidation for the downtrend. Another fall could be expected after the consolidation and a breakdown below 0.7642 support could...

GBPUSD Daily Analysis – April 4, 2018

by ForexCycle.com | April 4, 2018 2:10 am
GBPUSD remains in the downtrend from 1.4244, the bounce from 1.4008 is likely consolidation for the downtrend. Resistance is at 1.4150, as long as this level holds, the downtrend could be expected to resume and a breakdown...