GBPUSD Daily Analysis – August 3, 2018

by ForexCycle.com | August 3, 2018 2:18 am
GBPUSD broke below 1.3070 support and extended its downside movement from 1.3213 to as low as 1.3007. Further decline could be expected and next target would be at 1.2950 area. Resistance is at 1.3070, only break above...

EURUSD Daily Analysis – August 3, 2018

by ForexCycle.com | August 3, 2018 2:18 am
EURUSD broke below the bottom support trend line of the triangle pattern on the 4-hour chart. Further decline would likely be seen in the coming days and next target would be at 1.1500 area. Resistance is at...

USDCAD Daily Analysis – August 2, 2018

by ForexCycle.com | August 2, 2018 3:52 am
USDCAD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.3289. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

USDJPY Daily Analysis – August 2, 2018

by ForexCycle.com | August 2, 2018 3:51 am
USDJPY’s upside movement from 110.58 extended to as high as 112.15. Further rise is still possible and next target would be at 112.40 area. Support is at 111.25, only break below this level could bring the price...

AUDUSD Daily Analysis – August 2, 2018

by ForexCycle.com | August 2, 2018 3:50 am
AUDUSD moved sideways in a trading range between 0.7310 and 0.7483. Another fall towards 0.7330 would likely be seen in the coming days. Resistance is at the falling trend line on the 4-hour chart, a clear break...

GBPUSD Daily Analysis – August 2, 2018

by ForexCycle.com | August 2, 2018 3:50 am
GBPUSD continued its sideways movement in a trading range between 1.3070 and 1.3213. Key support is at 1.3070, as long as this level holds, the sideways movement could be treated as consolidation for the uptrend from 1.2957...

EURUSD Daily Analysis – August 2, 2018

by ForexCycle.com | August 2, 2018 3:50 am
EURUSD moved sideways in a triangle pattern on the 4-hour chart. The triangle pattern is likely consolidation for the downtrend from 1.2555 (Feb 16 high), a breakdown below the bottom support trend line of the triangle pattern...

USDCAD Daily Analysis – August 1, 2018

by ForexCycle.com | August 1, 2018 3:58 am
USDCAD extended its downside movement from 1.3289 to as low as 1.2981. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...

USDJPY Daily Analysis – August 1, 2018

by ForexCycle.com | August 1, 2018 3:56 am
USDJPY broke above 111.54 resistance, suggesting that the downside movement from 113.17 had completed at 110.58 already. Further rally is still possible and next target would be at 112.40 area. Support is at 111.25, only break below...

AUDUSD Daily Analysis – August 1, 2018

by ForexCycle.com | August 1, 2018 3:56 am
AUDUSD continued its sideways movement in a trading range between 0.7310 and 0.7483. Another fall towards 0.7330 is possible in the coming days. Resistance is at the falling trend line on the 4-hour chart, a clear break...