USDJPY Daily Analysis – February 1, 2018

by ForexCycle.com | February 1, 2018 2:10 am
USDJPY is forming a sideways consolidation in a trading range between 108.28 and 109.77. As long as 109.77 resistance holds, the downtrend could be expected to resume and another fall towards 107.31 is still possible after the...

AUDUSD Daily Analysis – February 1, 2018

by ForexCycle.com | February 1, 2018 2:09 am
AUDUSD is facing the support of the rising trend line on its 4-hour chart. As long as the trend line support holds, the fall from 0.8135 could be treated as consolidation of the uptrend from 0.7501 and...

GBPUSD Daily Analysis – February 1, 2018

by ForexCycle.com | February 1, 2018 2:09 am
GBPUSD remains in the uptrend from 1.3301, the fall from 1.4345 is likely consolidation of the uptrend. Another rise towards 1.4500 is still possible after the consolidation. Near term resistance is at 1.4345, a breakout of this...

EURUSD Daily Analysis – February 1, 2018

by ForexCycle.com | February 1, 2018 2:08 am
EURUSD moved sideways in a trading range between 1.2335 and 1.2537. The sideways movement is likely consolidation of the uptrend from 1.1717. Another rise could be expected after the consolidation and a breakout of 1.2537 resistance would...

USDCAD Daily Analysis – January 30, 2018

by ForexCycle.com | January 30, 2018 3:58 am
USDCAD moved sideways in a trading range between 1.2281 and 1.2391. The sideways move is likely consolidation of the downtrend from 1.2590. Further decline would likely be seen and a breakdown below 1.2281 support could take price...

USDJPY Daily Analysis – January 30, 2018

by ForexCycle.com | January 30, 2018 3:57 am
USDJPY moved sideways in a trading range between 108.28 and 109.77. As long as 109.77 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 111.48 and another fall towards 107.31 is still...

AUDUSD Daily Analysis – January 30, 2018

by ForexCycle.com | January 30, 2018 3:56 am
AUDUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 0.7501. As long as the trend line support holds, the fall from 0.8135 could be treated as consolidation of the...

GBPUSD Daily Analysis – January 30, 2018

by ForexCycle.com | January 30, 2018 3:56 am
GBPUSD broke below the bullish support trend line on the 4-hour chart, suggesting that the uptrend from 1.3458 had completed at 1.4345 already. Further decline is still possible and next target would be at 1.4000, followed by...

EURUSD Daily Analysis – January 30, 2018

by ForexCycle.com | January 30, 2018 3:55 am
EURUSD is in corrective consolidation for the uptrend from 1.1717. Range trading between 1.2240 and 1.2537 would likely be seen over the next several days. As long as 1.2240 support holds, the uptrend could be expected to...

USDCAD Daily Analysis – January 29, 2018

by ForexCycle.com | January 29, 2018 3:09 am
USDCAD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.2590. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...