GBPUSD Daily Analysis – July 4, 2018

by ForexCycle.com | July 4, 2018 2:14 am
GBPUSD is facing 1.3213 resistance. A breakout of this level could trigger further upside movement to test 1.3314 resistance. Support is at 1.3049, a breakdown below this level could signal resumption of the downtrend from 1.3472, then...

EURUSD Daily Analysis – July 4, 2018

by ForexCycle.com | July 4, 2018 2:13 am
EURUSD moved sideways in a trading range between 1.1508 and 1.1720. Near term resistance is at 1.1720, a break of this level could trigger further upside movement towards 1.1800. Near term support is at 1.1585, a breakdown...

USDCAD Daily Analysis – July 3, 2018

by ForexCycle.com | July 3, 2018 2:32 am
USDCAD remains in the downtrend from 1.3385, the bounce from 1.3129 is likely consolidation for the downtrend. Resistance is at 1.3260, as long as this level holds, the downtrend could be expected to continue and a breakdown...

USDJPY Daily Analysis – July 3, 2018

by ForexCycle.com | July 3, 2018 2:31 am
USDJPY continued its upside movement from 109.36 to as high as 111.13. Further rise is still possible and next target would be at 111.50 area. Support is at 110.35, only a breakdown below this level could signal...

AUDUSD Daily Analysis – July 3, 2018

by ForexCycle.com | July 3, 2018 2:31 am
AUDUSD broke below 0.7322 support and extended its downside movement from 0.7676 to as low as 0.7310. Further decline is still possible and next target would be at 0.7200 area. Near term resistance is at the falling...

GBPUSD Daily Analysis – July 3, 2018

by ForexCycle.com | July 3, 2018 2:29 am
GBPUSD remains in the downtrend from 1.3472, the bounce from 1.3049 is likely consolidation for the downtrend. A breakdown below 1.3049 support could trigger another downside movement towards 1.2900. Near term resistance is at 1.3213, a breakout...

EURUSD Daily Analysis – July 3, 2018

by ForexCycle.com | July 3, 2018 2:28 am
EURUSD stays in a trading range between 1.1508 and 1.1720. As long as 1.1720 resistance holds, the range trading could be expected to continue in a couple of days. However, a breakout of 1.1720 resistance could trigger...

USDCAD Daily Analysis – July 2, 2018

by ForexCycle.com | July 2, 2018 3:41 am
USDCAD extended its downside movement from 1.3385 to as low as 1.3129. Further decline could be expected after a minor consolidation and next target would be at 1.2860 area. Resistance is at 1.3220, as long as this...

USDJPY Daily Analysis – July 2, 2018

by ForexCycle.com | July 2, 2018 3:41 am
USDJPY extended its upside movement from 109.36 to as high as 111.06, breaking above 110.90 resistance. Further rise is still possible and next target would be at 111.50 area. Support is now at 110.35, only a breakdown...

AUDUSD Daily Analysis – July 2, 2018

by ForexCycle.com | July 2, 2018 3:40 am
AUDUSD moved sideways in a trading range between 0.7322 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 0.7322 support could...