GBPUSD Daily Analysis – October 9, 2018

by ForexCycle.com | October 9, 2018 2:53 am
GBPUSD remains in the uptrend from 1.2921, the pullback from 1.3132 is likely correction for the uptrend. A break of 1.3132 resistance could trigger another rise towards 1.3250. Near term support is at 1.3025, only a breakdown...

EURUSD Daily Analysis – October 9, 2018

by ForexCycle.com | October 9, 2018 2:52 am
EURUSD extended its downside movement from 1.1815 to as low as 1.1460. As long as the price is in the bearish price channel on the 4-hour chart, the downside movement could be expected to continue and next...

USDCAD Daily Analysis – October 8, 2018

by ForexCycle.com | October 8, 2018 1:03 am
USDCAD broke above 1.2930 resistance and extended its upside movement to as high as 1.2954. Further rally is still possible and next target would be at 1.3050 area. Near term support is at 1.2880, only a breakdown...

USDJPY Daily Analysis – October 8, 2018

by ForexCycle.com | October 8, 2018 1:02 am
USDJPY stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 110.38. As long as the trend line support holds, the fall from 114.54 could be treated as consolidation for the...

AUDUSD Daily Analysis – October 8, 2018

by ForexCycle.com | October 8, 2018 1:01 am
AUDUSD extended its downside movement from 0.7314 to as low as 0.7042. Further decline is still possible after a minor consolidation and next target would be at 0.6950 area. Near term resistance is at 0.7100, only a...

GBPUSD Daily Analysis – October 8, 2018

by ForexCycle.com | October 8, 2018 1:01 am
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3298 had completed at 1.2921 already. Further rally could be expected and next target would be at 1.3250 area. Near...

EURUSD Daily Analysis – October 8, 2018

by ForexCycle.com | October 8, 2018 1:00 am
EURUSD stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 1.1815. As long as the price is in the channel, the bounce from 1.1463 could be treated as consolidation of...

USDCAD Weekly Analysis – October 7, 2018

by ForexCycle.com | October 7, 2018 7:42 am
USDCAD extended its downside movement from 1.3385 to as low as 1.2782, breaking below 1.2887 support. As long as the price is below the bearish trend line on the daily chart, the downside movement could be expected...

USDJPY Weekly Analysis – October 7, 2018

by ForexCycle.com | October 7, 2018 7:41 am
USDJPY’s upside movement from 109.77 extended to as high as 114.54. Further rise is still possible after a minor consolidation and next target would be at 115.50 resistance. Near term support is at the bottom of the...

AUDUSD Weekly Analysis – October 7, 2018

by ForexCycle.com | October 7, 2018 7:41 am
AUDUSD extended its downside movement from 0.8135 to as low as 0.7042, breaking below 0.7085 support. As long as the price is below the bearish trend line on the daily chart, the downside movement could be expected...