GBPUSD Daily Analysis – July 29, 2019

by ForexCycle.com | July 29, 2019 2:48 am
GBPUSD broke below 1.2381 support, suggesting that the downside movement from 1.2783 has resumed. Further decline could be expected in the coming days and next target would be at 1.2300 area. Resistance is at 1.2400, above this...

EURUSD Daily Analysis – July 29, 2019

by ForexCycle.com | July 29, 2019 2:47 am
EURUSD remains in the downtrend from 1.1412, the bounce from 1.1101 is likely consolidation for the downtrend. As long as 1.1187 resistance holds, the downside movement could be expected to resume, a breakdown below 1.1101 support could...

USDCAD Daily Analysis – July 26, 2019

by ForexCycle.com | July 26, 2019 2:41 am
USDCAD extended its upside movement from 1.3015 to as high as 1.3166. Further rise is still possible and next target would be at 1.3200 area. Support is at 1.3114, only a breakdown below this level could signal...

USDJPY Daily Analysis – July 26, 2019

by ForexCycle.com | July 26, 2019 2:40 am
USDJPY extended its upside movement from 107.20 to as high as 108.75. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...

AUDUSD Daily Analysis – July 26, 2019

by ForexCycle.com | July 26, 2019 2:39 am
AUDUSD extended its downside movement from 0.7081 to as low as 0.6940. Further decline is till possible after a minor consolidation and next target would be at 0.6900 area. Resistance is at 0.6970, a break of this...

GBPUSD Daily Analysis – July 26, 2019

by ForexCycle.com | July 26, 2019 2:38 am
GBPUSD stays in a trading range between 1.2381 and 1.2578. As long as 1.2578 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.2783, further decline towards 1.2300 area...

EURUSD Daily Analysis – July 26, 2019

by ForexCycle.com | July 26, 2019 2:37 am
EURUSD extended its downside movement from 1.1285 to as low as 1.1101. Further decline is still possible and next target would be at 1.1050 area. Key resistance is at 1.1187, only break above this level could signal...

USDCAD Daily Analysis – July 24, 2019

by ForexCycle.com | July 24, 2019 1:05 am
USDCAD broke above 1.3144 resistance, suggesting that the downtrend from 1.3432 had completed at 1.3015 already. Further rally could be expected in the coming days and next target would be at 1.3200 area. Near term support is...

USDJPY Daily Analysis – July 24, 2019

by ForexCycle.com | July 24, 2019 1:04 am
USDJPY broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 108.99 had completed at 107.20 already. Further rally could be expected in the coming days and next target would be...

AUDUSD Daily Analysis – July 24, 2019

by ForexCycle.com | July 24, 2019 1:03 am
AUDUSD’s downside movement from 0.7081 extended to as low as 0.6985. Further decline could be expected after a minor consolidation and next target would be at 0.6950 area. Resistance is at 0.7020, only break above this level...