GBPUSD Daily Analysis – September 2, 2019

by ForexCycle.com | September 2, 2019 1:22 am
GBPUSD’s downside movement from 1.2309 extended to as low as 1.2136. 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 target...

EURUSD Daily Analysis – September 2, 2019

by ForexCycle.com | September 2, 2019 1:22 am
EURUSD extended its downside movement from 1.1164 to as low as 1.0963, breaking below 1.1026 support. Further decline is still possible after a minor consolidation and next target would be at 1.0900 area. Near term resistance is...

USDCAD Weekly Analysis – September 1, 2019

by ForexCycle.com | September 1, 2019 12:18 pm
USDCAD remains in the uptrend from 1.3015, the price action from 1.3344 is likely consolidation for the uptrend. As long as 1.3184 key support holds, the upside movement could be expected to continue and next target would...

USDJPY Weekly Analysis – September 1, 2019

by ForexCycle.com | September 1, 2019 12:17 pm
USDJPY is facing 106.97 resistance, a break above this level could trigger further upside movement towards the falling trend line on the daily chart. On the downside, as long as the trend line resistance holds, the downtrend...

AUDUSD Weekly Analysis – September 1, 2019

by ForexCycle.com | September 1, 2019 12:16 pm
AUDUSD moved sideways in a trading range between 0.6677 and 0.6821. As long as 0.6821 resistance holds, the price action in the trading range could be treated as consolidation for the downtrend from 0.7081, further decline towards...

GBPUSD Weekly Analysis – September 1, 2019

by ForexCycle.com | September 1, 2019 12:15 pm
GBPUSD failed to break above the top of the price channel on the daily chart, suggesting that the pair remains in the downtrend from 1.3381. As long as the channel resistance holds, the downside movement could be...

EURUSD Weekly Analysis – September 1, 2019

by ForexCycle.com | September 1, 2019 12:14 pm
EURUSD broke below 1.1026 support and extended its downside movement from 1.1412 to as low as 1.0963. As long as the price is below the falling trend line on the daily chart, the downside movement could be...

USDCAD Daily Analysis – August 30, 2019

by ForexCycle.com | August 30, 2019 3:31 am
USDCAD is testing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the downside movement from 1.3345 could be expected to continue and next target would be at...

USDJPY Daily Analysis – August 30, 2019

by ForexCycle.com | August 30, 2019 3:30 am
USDJPY extended its upside movement from 104.44 to as high as 106.68. Further rise to test 107.08 resistance is possible, a break of this level could trigger further upside movement to 108.00 area. Support is at 106.10,...

AUDUSD Daily Analysis – August 30, 2019

by ForexCycle.com | August 30, 2019 3:29 am
AUDUSD is facing the support of the lower border of the triangle pattern on the 4-hour chart, a breakdown below could take the price to 0.6600 area. On the other side, a breakout of the upper border...