AUDUSD Daily Analysis – June 5, 2019

by ForexCycle.com | June 5, 2019 2:55 am
AUDUSD’s upside movement from 0.6898 extended to as high as 0.7003. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target...

GBPUSD Daily Analysis – June 5, 2019

by ForexCycle.com | June 5, 2019 2:55 am
GBPUSD moved sideways in a trading range between 1.2558 and 1.2747. As long as 1.2747 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3176, further decline to 1.2500 area is still...

EURUSD Daily Analysis – June 5, 2019

by ForexCycle.com | June 5, 2019 2:54 am
EURUSD broke above 1.1265 resistance and extended its upside movement from 1.1116 to as high as 1.1277. Further rise could be expected after a minor consolidation and next target would be at 1.1300 area. Near term support...

Indices Drop To End The Week Due To New Tariffs on Mexico or Technical?

by elliottwave-forecast.com | June 4, 2019 7:50 pm
President Donald Trump threatened on Thursday to impose new tariffs on Mexico if the country does not step up its immigration enforcement actions, combining his boiling border-related frustrations with his preferred method of punishing foreign countries. Trump...

USDCAD Daily Analysis – June 4, 2019

by ForexCycle.com | June 4, 2019 3:09 am
USDCAD broke below 1.3480 support, suggesting that the upside movement from 1.3357 had completed at 1.3564 already. Further decline could be expected in the coming days and next target would be at 1.3400 area. Resistance is at...

USDJPY Daily Analysis – June 4, 2019

by ForexCycle.com | June 4, 2019 3:09 am
USDJPY’s downside movement from 109.92 extended to as low as 107.85. Further decline is still possible in a couple of days and next target would be at 107.00 area. Near term resistance is at 108.45, a break...

AUDUSD Daily Analysis – June 4, 2019

by ForexCycle.com | June 4, 2019 3:08 am
AUDUSD extended its upside movement from 0.6864 to as high as 0.6982. Further rise is still possible in a couple of days and next target would be at 0.7000 area. Near term support is at 0.6945, only...

GBPUSD Daily Analysis – June 4, 2019

by ForexCycle.com | June 4, 2019 3:07 am
GBPUSD remains in the downtrend from 1.3176, the price action in the trading range between 1.2558 and 1.2747 is likely consolidation for the downtrend. As long as 1.2747 key resistance holds, the downtrend could be expected to...

EURUSD Daily Analysis – June 4, 2019

by ForexCycle.com | June 4, 2019 3:07 am
EURUSD extended its upside movement from 1.1116 to as high as 1.1262, facing 1.1265 resistance, a breakout of this level could take the price to 1.1300 area. Near term support is at 1.1200, a breakdown below this...

USDCAD Daily Analysis – June 3, 2019

by ForexCycle.com | June 3, 2019 2:11 am
USDCAD extended its upside movement from 1.3357 to as high as 1.3564. Further rise could be expected and next target would be at 1.3600 area. Support is at 1.3480, a breakdown below this level could bring the...