USDJPY Weekly Analysis – July 8, 2018

by ForexCycle.com | July 8, 2018 3:52 am
USDJPY is testing 111.39 resistance. A break of this level would suggest that the upside movement from 104.63 has resumed, then further rise to 113.00 area could be seen. Key support is at 108.11, a breakdown below...

AUDUSD Weekly Analysis – July 8, 2018

by ForexCycle.com | July 8, 2018 3:52 am
AUDUSD stays below the falling trend line on the daily chart and remains in the downtrend from 0.8135, the bounce from 0.7310 is likely consolidation for the downtrend. Near term resistance is at 0.7443, as long as...

GBPUSD Weekly Analysis – July 8, 2018

by ForexCycle.com | July 8, 2018 3:51 am
GBPUSD stays in a falling price channel on the daily chart and remains in the downtrend from 1.4376. As long as the price is in the channel, the bounce from 1.3049 could be treated as consolidation for...

EURUSD Weekly Analysis – July 8, 2018

by ForexCycle.com | July 8, 2018 3:51 am
EURUSD stays in a trading range between 1.1508 and 1.1851. The price action in the range is likely consolidation for the downtrend from 1.2555. As long as 1.1851 resistance holds, the downside movement could be expected to...

Hang Seng Elliott Wave Analysis: Correction Lower Happening

by elliottwave-forecast.com | July 6, 2018 2:31 pm
Hang Seng short-term Elliott wave view suggests that the rally to 31521.13 high on 6/07/2018 peak ended Intermediate wave (2). Down from there, the decline to 27990.45 low is proposed to have completed Intermediate wave (3). The internals of...

USDCAD Daily Analysis – July 6, 2018

by ForexCycle.com | July 5, 2018 10:20 pm
USDCAD remains in the downtrend from 1.3385, the price action from 1.3129 is likely consolidation for the downtrend. As long as 1.3224 resistance holds, the downtrend could be expected to resume and further decline towards 1.2950 area...

USDJPY Daily Analysis – July 6, 2018

by ForexCycle.com | July 5, 2018 10:20 pm
No changed in our view, USDJPY remains in the downtrend from 111.13, the bounce from 110.27 could be treated as consolidation for the downtrend. Another fall could be expected after the consolidation and a breakdown below 110.27...

AUDUSD Daily Analysis – July 6, 2018

by ForexCycle.com | July 5, 2018 10:19 pm
AUDUSD moved sideways in a trading range between 0.7310 and 0.7443. As long as 0.7443 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 0.7676, and a breakdown below 0.7310 support could...

GBPUSD Daily Analysis – July 6, 2018

by ForexCycle.com | July 5, 2018 10:19 pm
GBPUSD’s upside movement from 1.3049 extended to as high as 1.3274. Further rise to test 1.3314 resistance is still possible in the coming days. Support is at 1.3165, only a breakdown below this level could bring the...

EURUSD Daily Analysis – July 6, 2018

by ForexCycle.com | July 5, 2018 10:18 pm
EURUSD is facing 1.1720 resistance, a breakout of this level could trigger further upside movement towards 1.1800. Near term support is at 1.1625, a breakdown below this level could bring the price back to next support level...