GBPUSD Daily Analysis – July 2, 2018

by ForexCycle.com | July 2, 2018 3:39 am
GBPUSD moved sideways in trading range between 1.3049 and 1.3314. As long as 1.3314 resistance holds, the downside movement from 1.3472 could be expected to continue and a breakdown below 1.3049 support could take the price towards...

EURUSD Daily Analysis – July 2, 2018

by ForexCycle.com | July 2, 2018 3:39 am
EURUSD failed to break below 1.1508 support and moved sideways in a trading range between 1.1508 and 1.1720. As long as 1.1720 resistance holds, the sideways movement could be expected to continue in a couple of days....

USDCAD Weekly Analysis – July 1, 2018

by ForexCycle.com | July 1, 2018 8:26 am
USDCAD broke below 1.3180 support, suggesting that the upside movement from 1.2526 had completed at 1.3385 already. Further decline would likely be seen in a couple of weeks and next target would be at 1.2850 area. Below...

USDJPY Weekly Analysis – July 1, 2018

by ForexCycle.com | July 1, 2018 8:25 am
USDJPY is facing 111.39 resistance. A breakout of this level could signal resumption of the uptrend from 104.63, then next target would be at 113.00 area. On the downside, a breakdown below 108.11 support would indicate that...

AUDUSD Weekly Analysis – July 1, 2018

by ForexCycle.com | July 1, 2018 8:25 am
AUDUSD’s downside movement from 0.8135 extended to as low as 0.7322. Near term resistance is at 0.7443, as long as this level holds, the downside movement could be expected to continue and next target would be at...

GBPUSD Weekly Analysis – July 1, 2018

by ForexCycle.com | July 1, 2018 8:24 am
GBPUSD’s downside movement from 1.4376 extended to as low as 1.3049. Near term resistance is at the top trend line of the price channel on the daily chart. As long as the channel resistance holds, the downside...

EURUSD Weekly Analysis – July 1, 2018

by ForexCycle.com | July 1, 2018 8:24 am
EURUSD continued its sideways movement in a trading range between 1.1508 and 1.1851. As long as 1.1851 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.2555 and a breakdown below 1.1508...