USDJPY Daily Analysis – April 18, 2019

by ForexCycle.com | April 18, 2019 3:22 am
USDJPY moved sideways in a narrow range between 111.84 and 112.16. As long as 111.84 support holds, the price action in the range could be treated as consolidation for the uptrend from 110.84, further rise towards 113.00...

AUDUSD Daily Analysis – April 18, 2019

by ForexCycle.com | April 18, 2019 3:22 am
AUDUSD’s upside movement from 0.7052 extended to as high as 0.7205. As long as the price is in the price channel on the 4-hour chart, the upside movement could be expected to continue and next target would...

GBPUSD Daily Analysis – April 18, 2019

by ForexCycle.com | April 18, 2019 3:21 am
GBPUSD formed a triangle pattern on the 4-hour chart. Resistance is at the upper border of the pattern, a breakout could trigger another bullish movement towards 1.3400. Key support is at 1.2960, a breakdown below this level...

EURUSD Daily Analysis – April 18, 2019

by ForexCycle.com | April 18, 2019 3:20 am
EURUSD failed to break above 1.1323 resistance, suggesting that lengthier consolidation for the uptrend from 1.1183 is needed. However, as long as the price is above the bullish trend line on the 4-hour chart, the upside movement...

USDCAD Daily Analysis – April 17, 2019

by ForexCycle.com | April 17, 2019 1:23 am
USDCAD failed to break above 1.3402 resistance and stayed in a trading range between 1.3283 and 1.3402. Another fall to test 1.3283 support would likely be seen in the coming days, a breakdown below this level could...

USDJPY Daily Analysis – April 17, 2019

by ForexCycle.com | April 17, 2019 1:22 am
USDJPY broke above 112.09 resistance, suggesting that the upside movement from 110.84 has resumed. Further rise could be expected in a couple of days and next target would be at 113.00 area. Near term support is at...

AUDUSD Daily Analysis – April 17, 2019

by ForexCycle.com | April 17, 2019 1:22 am
AUDUSD moved sideways in a trading range between 0.7115 and 0.7192. As long as the price is in the rising price channel on the 4-hour chart, the price action in the range could be treated as consolidation...

GBPUSD Daily Analysis – April 17, 2019

by ForexCycle.com | April 17, 2019 1:21 am
GBPUSD failed to breakout of the upper trend line of the triangle pattern on the 4-hour chart and pulled back from 1.3132. Another fall to test 1.2960 key support would likely be seen in the coming days,...

EURUSD Daily Analysis – April 17, 2019

by ForexCycle.com | April 17, 2019 1:20 am
EURUSD remains in the uptrend from 1.1183, the pullback from 1.1323 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be...

USDCAD Daily Analysis – April 16, 2019

by ForexCycle.com | April 16, 2019 2:12 am
USDCAD continued its sideways movement in a trading range between 1.3283 and 1.3402. Resistance is at 1.3402, a break of this level could trigger further upside movement to 13450 area. Support is at 1.3283, below this level...