USDCAD Daily Analysis – February 1, 2019

by ForexCycle.com | February 1, 2019 3:30 am
USDCAD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3374. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

USDJPY Daily Analysis – February 1, 2019

by ForexCycle.com | February 1, 2019 3:29 am
USDJPY extended its downside movement from 109.99 to as low as 108.49. Further decline is still possible and next target would be at 108.00 area. Resistance is at the falling trend line on the 4-hour chart, only...

AUDUSD Daily Analysis – February 1, 2019

by ForexCycle.com | February 1, 2019 3:28 am
AUDUSD remains in the uptrend from 0.7075, the pullback from 0.7295 is likely consolidation for the uptrend. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be...

GBPUSD Daily Analysis – February 1, 2019

by ForexCycle.com | February 1, 2019 3:27 am
GBPUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2396. As long as the trend line support holds, the fall from 1.3217 could be treated as consolidation for the...

EURUSD Daily Analysis – February 1, 2019

by ForexCycle.com | February 1, 2019 3:27 am
EURUSD remains in the uptrend from 1.1289, the pullback from 1.1514 is likely consolidation for the uptrend. As long as 1.1406 support holds, the upside movement could be expected to resume, a breakout of 1.1514 resistance could...

USDCAD Daily Analysis – January 31, 2019

by ForexCycle.com | January 31, 2019 1:05 am
USDCAD’s downside movement from 1.3374 extended to as low as 1.3118. Further decline is still possible after a minor consolidation and next target would be at 1.3000 area. Resistance is at the bearish trend line on the...

USDJPY Daily Analysis – January 31, 2019

by ForexCycle.com | January 31, 2019 1:04 am
USDJPY broke below 109.14 support, indicating that the upside movement from 107.76 had completed at 109.99 already. Deeper decline could be expected and next target would be at 108.00 area. Resistance is at the falling trend line...

AUDUSD Daily Analysis – January 31, 2019

by ForexCycle.com | January 31, 2019 1:03 am
AUDUSD extended its upside movement from 0.7075 to as high as 0.7272, breaking above 0.7235 resistance. Further rise could be expected after a minor consolidation and next target would be at 0.7350 area. Support is located at...

GBPUSD Daily Analysis – January 31, 2019

by ForexCycle.com | January 31, 2019 1:02 am
GBPUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.3217 could be treated as consolidation for the uptrend from 1.2396, another...

EURUSD Daily Analysis – January 31, 2019

by ForexCycle.com | January 31, 2019 1:01 am
EURUSD extended its upside movement from 1.1289 to as high as 1.1501. Further rise is still possible after a minor consolidation and next target would be at 1.1550 area. Support is located at the bullish trend line...