GBPUSD Daily Analysis – June 21, 2019

by ForexCycle.com | June 21, 2019 3:15 am
GBPUSD remains in the uptrend from 1.2505, further rise could be expected after a minor consolidation and next target would be at 1.2762 resistance. Support is at 1.2660, only a breakdown below this level could bring the...

EURUSD Daily Analysis – June 21, 2019

by ForexCycle.com | June 21, 2019 3:14 am
EURUSD’s upside movement from 1.1181 extended to as high as 1.1317. Further rise is still possible after a minor consolidation and next target would be at 1.1347 resistance. Support is at 1.1260, only break below this level...

USDCAD Daily Analysis – June 20, 2019

by ForexCycle.com | June 20, 2019 4:36 am
USDCAD extended its downside movement from 1.3432 to as low as 1.3236, breaking below 1.3240 support. Further decline could be expected after a minor consolidation and next target would be at 1.3150 area. Resistance is at 1.3300,...

USDJPY Daily Analysis – June 20, 2019

by ForexCycle.com | June 20, 2019 4:35 am
USDJPY broke below 107.81 support, suggesting that the downside movement from 112.40 (Apr 24 high) has resumed. Further decline could be expected and next target would be at 107.00 area. Resistance is at 108.00, only break above...

AUDUSD Daily Analysis – June 20, 2019

by ForexCycle.com | June 20, 2019 4:35 am
AUDUSD’s upside movement from 0.6831 extended to as high as 0.6908. Further rise could be expected and next target would be at 0.6950 area. Support is located at the rising trend line on the 4-hour chart, as...

GBPUSD Daily Analysis – June 20, 2019

by ForexCycle.com | June 20, 2019 4:34 am
GBPUSD broke above 1.2605 resistance, suggesting that the downside movement from 1.2762 had completed at 1.2505 already. Further rally could be expected and next target would be at 1.2750 area. Support is at 1.2580, only break below...

EURUSD Daily Analysis – June 20, 2019

by ForexCycle.com | June 20, 2019 4:33 am
EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.1347 had completed at 1.1181 already. Further rally is still possible after a minor consolidation and next target would be...

USDCAD Daily Analysis – June 19, 2019

by ForexCycle.com | June 19, 2019 2:45 am
USDCAD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.3240 had completed at 1.3432 already. Deeper decline would likely be seen in a couple of days and next target...

USDJPY Daily Analysis – June 19, 2019

by ForexCycle.com | June 19, 2019 2:44 am
USDJPY stays in a trading range between 107.81 and 108.80. As long as 108.80 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 112.40 (Apr 24 high), further decline...

AUDUSD Daily Analysis – June 19, 2019

by ForexCycle.com | June 19, 2019 2:41 am
AUDUSD broke above the resistance of the falling price channel on the 4-hour chart, suggesting that the downside movement from 0.7021 had completed at 0.6831 already. Range trading between 0.6831 and 0.6930 would likely be seen over...