EURUSD Daily Analysis – August 15, 2019

by ForexCycle.com | August 15, 2019 2:46 am
EURUSD broke below 1.1162 support, suggesting that the upside movement from 1.1026 had completed at 1.1249 already. Deeper decline would likely be seen and next target would be at 1.1100 area. Resistance is at 1.1175, above this...

USDCAD Daily Analysis – August 14, 2019

by ForexCycle.com | August 14, 2019 4:16 am
USDCAD is facing the support of the rising trend line on the 4-hour chart, a clear break below the trend line support could signal completion of the uptrend from 1.3015, then deeper decline to 1.3050 area could...

USDJPY Daily Analysis – August 14, 2019

by ForexCycle.com | August 14, 2019 4:15 am
USDJPY is facing 107.08 resistance, a break of this level would confirm that the downside movement from 109.31 had completed at 105.04 already, then further rally to 108.00 area could be seen. On the downside, as long...

AUDUSD Daily Analysis – August 14, 2019

by ForexCycle.com | August 14, 2019 4:15 am
AUDUSD is facing 0.6821 resistance, a break of this level could signal resumption of the uptrend from 0.6677, then another rise towards 0.6900 could be seen. Support is at 0.6744, below this level could bring the price...

GBPUSD Daily Analysis – August 14, 2019

by ForexCycle.com | August 14, 2019 4:14 am
GBPUSD moved sideways in a trading range between 1.2014 and 1.2106. As long as 1.2106 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.2578, further decline to 1.1950 area is still...

EURUSD Daily Analysis – August 14, 2019

by ForexCycle.com | August 14, 2019 4:13 am
EURUSD is facing 1.1162 support, a breakdown below this level would indicate that the upside movement from 1.1026 had completed at 1.1249 already, then the pair would find next support level at around 1.1100. Resistance is at...

USDCAD Daily Analysis – August 13, 2019

by ForexCycle.com | August 13, 2019 2:29 am
USDCAD failed to break below the rising trend line on the 4-hour chart and rebounded from 1.3195. However, another fall to test the trend line support is still possible, a breakdown below could take the price to...

USDJPY Daily Analysis – August 13, 2019

by ForexCycle.com | August 13, 2019 2:28 am
USDJPY’s downside movement from 109.31 extended to as low as 105.04. Further decline could be expected and next target would be at 104.50 area. Near term resistance is at 105.70, above this level could trigger another rise...

AUDUSD Daily Analysis – August 13, 2019

by ForexCycle.com | August 13, 2019 2:26 am
AUDUSD’s fall from 0.6821 extended to as low as 0.6744. However, the fall is likely corrective consolidation for the uptrend from 0.6677, another rise could be expected after the consolidation, a break of 0.6821 resistance could trigger...

GBPUSD Daily Analysis – August 13, 2019

by ForexCycle.com | August 13, 2019 2:26 am
GBPUSD’s downside movement from 1.2578 extended to as low as 1.2014. Further decline is still possible and next target would be at 1.1950 area. Near term resistance is at 1.2110, above this level could trigger another rise...