EURUSD Daily Analysis – January 19, 2018

by ForexCycle.com | January 19, 2018 4:33 am
EURUSD remains in the uptrend from 1.1717, the fall from 1.2323 is likely consolidation of the uptrend. Range trading between 1.2070 and 1.2323 is possible over the next several days. The uptrend could be expected to resume...

Bitcoin crashes below $10,000. What’s next? We have answers…

by ForexCycle.com | January 18, 2018 3:08 am
“Wild” doesn’t begin to describe Bitcoin’s price action. Less than 12 months ago, it traded as low as $1,200. By early December, it hit a high of $19,891 – and on the CBOE, Bitcoin futures topped $20,000....

USDCAD Daily Analysis – January 18, 2018

by ForexCycle.com | January 18, 2018 3:04 am
USDCAD failed to break below 1.2355 support and stays in the trading range between 1.2355 and 1.2590, suggesting that lengthier consolidation for the downtrend from 1.2920 is needed. Sideways movement would likely be seen over the next...

USDJPY Daily Analysis – January 18, 2018

by ForexCycle.com | January 18, 2018 3:03 am
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the short term downtrend from 113.38 had completed at 110.19 already. Further rise would likely be seen and next target would be at 111.87...

AUDUSD Daily Analysis – January 18, 2018

by ForexCycle.com | January 18, 2018 3:02 am
AUDUSD extended its upside movement from 0.7501 to as high as 0.8022. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next...

GBPUSD Daily Analysis – January 18, 2018

by ForexCycle.com | January 18, 2018 3:02 am
GBPUSD extended its short term uptrend from 1.3458 to as high as 1.3942. As long as 1.3741 support holds, the uptrend could be expected to continue and next target would be at 1.4200 area. Near term resistance...

EURUSD Daily Analysis – January 18, 2018

by ForexCycle.com | January 18, 2018 3:01 am
EURUSD broke below 1.2195 support, indicating that the short term uptrend from 1.1915 had completed at 1.2323 already. Deeper decline to 1.2100 area would likely be seen in the coming days. Below this level would aim the...

USDCAD Daily Analysis – January 17, 2018

by ForexCycle.com | January 17, 2018 4:08 am
USDCAD is in consolidation of the downtrend from 1.2920. Range trading between 1.2355 and 1.2590 would likely be seen over the next several days. As long as 1.2590 resistance holds, the downtrend could be expected to resume...

USDJPY Daily Analysis – January 17, 2018

by ForexCycle.com | January 17, 2018 4:07 am
USDJPY extended its downside movement from 113.38 to as low as 110.19. As long as the price is below the falling trend line on the 4-hour chart, the downtrend could be expected to continue and next target...

AUDUSD Daily Analysis – January 17, 2018

by ForexCycle.com | January 17, 2018 4:07 am
AUDUSD stays in a bullish price channel on its 4-hour chart and remains in uptrend from 0.7501. The price just bounced off the upper trend line of the channel, a breakdown below 0.7936 support will indicate that...