USDJPY Daily Analysis – July 18, 2019

by ForexCycle.com | July 18, 2019 3:24 am
USDJPY broke below 107.79 support, suggesting that the downside movement from 108.99 has resumed. Further decline could be expected over the next several days and next target would be at 107.30 area. Resistance is at 108.00, a...

AUDUSD Daily Analysis – July 18, 2019

by ForexCycle.com | July 18, 2019 3:23 am
AUDUSD is in consolidation for the uptrend from 0.6910. Range trading between 0.6975 and 0.7047 would likely be seen over the next several days. Another rise to test 0.7047 is possible, a break of this level could...

GBPUSD Daily Analysis – July 18, 2019

by ForexCycle.com | July 18, 2019 3:22 am
GBPUSD remains in the downtrend from 1.2578, the bounce from 1.2381 is likely consolidation for the downtrend. Further decline could be expected after the consolidation, a breakdown below 1.2381 support could take the price to 1.2300 area....

EURUSD Daily Analysis – July 18, 2019

by ForexCycle.com | July 18, 2019 3:21 am
EURUSD failed to break below 1.1193 support and rebounded from 1.1199, suggesting that the fall from 1.1285 had completed. Further rally would likely be seen over the next several days and next target would be at 1.1285...

USDCAD Daily Analysis – July 17, 2019

by ForexCycle.com | July 17, 2019 12:22 am
USDCAD broke above 1.3080 resistance, suggesting that lengthier consolidation for the downtrend from 1.3432 is needed. Further rally could be expected in the coming days and the target would be at 1.3144 resistance.

USDJPY Daily Analysis – July 17, 2019

by ForexCycle.com | July 17, 2019 12:22 am
USDJPY remains in the downtrend from 108.99, the bounce from 107.79 is likely consolidation for the downtrend. Further decline could be expected after the consolidation, a breakdown below 107.79 support could take the price to 107.30 area.

AUDUSD Daily Analysis – July 17, 2019

by ForexCycle.com | July 17, 2019 12:21 am
AUDUSD failed to break above 0.7047 resistance and pulled back from 0.7044. Range trading between 0.6975 and 0.7047 would likely be seen over the next several days. As long as 0.6975 support holds, the upside movement from...

GBPUSD Daily Analysis – July 17, 2019

by ForexCycle.com | July 17, 2019 12:20 am
GBPUSD broke below 1.2439 support, suggesting that the downside movement from 1.2783 has resumed. Further decline could be expected over the next several days and next target would be at 1.2350 area. Near term resistance is at...

EURUSD Daily Analysis – July 17, 2019

by ForexCycle.com | July 17, 2019 12:15 am
EURUSD extended its downside movement from 1.1285 to as low as 1.1201, facing 1.1193 support, a breakdown below this level could trigger further downside movement to 1.1150 area. Near term resistance is at 1.1230, a break of...

USDCAD Daily Analysis – July 16, 2019

by ForexCycle.com | July 16, 2019 1:55 am
USDCAD remains in the downtrend from 1.3143, the bounce from 1.3017 is likely consolidation for the downtrend. Near term resistance is at 1.3080, as long as this level holds, the downtrend could be expected to resume and...