EURUSD Daily Analysis – June 28, 2018

by ForexCycle.com | June 28, 2018 3:00 am
EURUSD dropped sharply from 1.1720 to as low as 1.1540. Deeper decline to test 1.1508 support would likely be seen and a breakdown below this level could take the price to 1.1400 area. Resistance is at 1.1650,...

USDCAD Daily Analysis – June 27, 2018

by ForexCycle.com | June 27, 2018 2:16 am
USDCAD stays in a trading range between 1.3259 and 1.3381. As long as 1.3259 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.2856 and one more rise towards...

USDJPY Daily Analysis – June 27, 2018

by ForexCycle.com | June 27, 2018 2:15 am
USDJPY remains in the downtrend from 110.90, the bounce from 109.36 is likely consolidation for the downtrend. A breakdown below 109.36 support could trigger another fall towards 108.50. Resistance is at 110.20, only break above this level...

AUDUSD Daily Analysis – June 27, 2018

by ForexCycle.com | June 27, 2018 2:15 am
AUDUSD is facing 0.7345 support, a breakdown below this level could signal resumption of the downtrend from 0.7676, then next target would be at 0.7200 area. On the upside, as long as 0.7345 support holds, the bounces...

GBPUSD Daily Analysis – June 27, 2018

by ForexCycle.com | June 27, 2018 2:14 am
GBPUSD broke below 1.3200 support, suggesting that the bounce from 1.3101 had completed at 1.3314 already. Deeper decline to test 1.3101 support could be expected in the coming days, and a breakdown below this level could trigger...

EURUSD Daily Analysis – June 27, 2018

by ForexCycle.com | June 27, 2018 2:14 am
EURUSD remains in the short term uptrend from 1.1508, the fall from 1.1720 is likely consolidation for the uptrend. As long as 1.1620 support holds, the upside movement could be expected to continue and next target would...

Think Twice Before Making A Deposit In A Forex Broker

by ForexCycle.com | June 26, 2018 8:04 am
It is always god to investigate what the best Forex brokers promise their traders. Black Diamond broker for instance made some attractive and unrealistic promises that the traders would have easily spot. As an illustration, they promised...

USDCAD Daily Analysis – June 26, 2018

by ForexCycle.com | June 26, 2018 3:04 am
USDCAD remains in the uptrend from 1.2856, the fall from 1.3381 is likely consolidation for the uptrend. Key support is at 1.3259, as long as this level holds, the uptrend could be expected to continue and next...

USDJPY Daily Analysis – June 26, 2018

by ForexCycle.com | June 26, 2018 3:04 am
USDJPY is now in the downtrend from 110.90. Further decline would likely be seen and next target would be at 108.50 area. Resistance is at 110.10, only break above this level could trigger another rise towards 111.00.

AUDUSD Daily Analysis – June 26, 2018

by ForexCycle.com | June 26, 2018 3:03 am
AUDUSD is now in short term uptrend from 0.7345, the pullback from 0.7443 is likely consolidation for the uptrend. Further rally is still possible after the consolidation and next target would be at 0.7520 area. Support is...