EURUSD Daily Analysis – October 11, 2018

by ForexCycle.com | October 11, 2018 2:10 am
EURUSD is facing 1.1550 resistance, a breakout of this level would indicate that the downside movement from 1.1815 had completed at 1.1432 already, then the pair would find resistance at around 1.1600. However, as long as 1.1550...

USDCAD Daily Analysis – October 10, 2018

by ForexCycle.com | October 10, 2018 2:49 am
USDCAD failed in its attempts to break above the falling trend line on the 4-hour chart and pulled back to 1.2930 area, suggesting that corrective consolidation for the uptrend from 1.2782 is underway. Deeper decline would likely...

USDJPY Daily Analysis – October 10, 2018

by ForexCycle.com | October 10, 2018 2:48 am
USDJPY remains in the downtrend from 114.54, the bounce from 112.82 is likely consolidation for the downtrend. Further decline is possible after the consolidation and next target would be at 112.00 area. Resistance levels are at 113.40...

AUDUSD Daily Analysis – October 10, 2018

by ForexCycle.com | October 10, 2018 2:48 am
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 0.7314 had completed at 0.7041 already. Further rally would likely be seen in a couple of days and next target...

GBPUSD Daily Analysis – October 10, 2018

by ForexCycle.com | October 10, 2018 2:47 am
GBPUSD broke above 1.3132 resistance, suggesting that the upside movement from 1.2921 has resumed. Further rise could be expected in a couple of days and next target would be at 1.3250 area. Near term support is at...

EURUSD Daily Analysis – October 10, 2018

by ForexCycle.com | October 10, 2018 2:47 am
EURUSD broke above the bearish price channel on the 4-hour chart. Further rally to test 1.1550 resistance is possible, a breakout of this level would indicate that the downside movement from 1.1815 had completed at 1.1432 already,...

5 types of fraud on the Forex market

by ForexCycle.com | October 9, 2018 1:15 pm
Today, among a huge number of brokers, there are those who are cheating on their clients. In order to avoid such situations and not to get caught in the hands of fraudsters, there is a resource –...

USDCAD Daily Analysis – October 9, 2018

by ForexCycle.com | October 9, 2018 2:54 am
USDCAD failed to break above the falling trend line on the 4-hour chart and pulled back from 1.3009. Near term support is at 1.2920, as long as this level holds, another rise to test the trend line...

USDJPY Daily Analysis – October 9, 2018

by ForexCycle.com | October 9, 2018 2:54 am
USDJPY broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 110.38 had completed at 114.54 already. Further decline could be expected and next target would be at 112.00 area. Resistance...

AUDUSD Daily Analysis – October 9, 2018

by ForexCycle.com | October 9, 2018 2:53 am
AUDUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 0.7314. As long as the trend line resistance holds, the bounce from 0.7041 could be treated as consolidation for the...