EURUSD Daily Analysis – July 30, 2018

by ForexCycle.com | July 30, 2018 1:52 am
EURUSD is in short term downtrend from 1.1750. Further decline would likely be seen and next target would be at 1.1550 area. Resistance is at 1.1690, only a break of this level could trigger another rise towards...

USDCAD Weekly Analysis – July 29, 2018

by ForexCycle.com | July 29, 2018 7:43 am
USDCAD broke below 1.3063 support, confirming 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 1.2900, followed by...

USDJPY Weekly Analysis – July 29, 2018

by ForexCycle.com | July 29, 2018 7:42 am
USDJPY is facing the support of the rising trend line on the daily chart. As long as the price is above the trend line, the pullback from 113.17 could be treated as consolidation for the uptrend and...

AUDUSD Weekly Analysis – July 29, 2018

by ForexCycle.com | July 29, 2018 7:41 am
AUDUSD stays below a falling trend line on the daily chart and remains in the downtrend from 0.8135. As long as the trend line resistance holds, the sideways movement in a trading range between 0.7310 and 0.7483...

GBPUSD Weekly Analysis – July 29, 2018

by ForexCycle.com | July 29, 2018 7:41 am
GBPUSD stays below a falling trend line on the daily chart and remains in the downtrend from 1.4376. As long as the price is below the trend line, the downside movement could be expected to continue and...

EURUSD Weekly Analysis – July 29, 2018

by ForexCycle.com | July 29, 2018 7:40 am
EURUSD moved sideways in a trading range between 1.1508 and 1.1851 for several weeks. The sideways move is likely consolidation for the downtrend from 1.2555. As long as 1.1851 resistance holds, the downside movement could be expected...

USDCAD Daily Analysis – July 27, 2018

by ForexCycle.com | July 27, 2018 12:33 am
USDCAD remains in the downtrend from 1.3289, the bounce from 1.3024 is likely consolidation for the downtrend. Resistance is now at the top trend line of the price channel on the 4-hour chart. As long as the...

USDJPY Daily Analysis – July 27, 2018

by ForexCycle.com | July 27, 2018 12:33 am
USDJPY broke above 111.20 resistance, suggesting that lengthier consolidation for the downtrend from 113.17 is needed. Further rally is possible and the target would be at 111.90 area. Support is at 110.58, only a breakdown below this...

AUDUSD Daily Analysis – July 27, 2018

by ForexCycle.com | July 27, 2018 12:32 am
AUDUSD failed to break above 0.7483 resistance and pulled back from 0.7464. Deeper decline would likely be seen in a couple of days and next target would be at 0.7300 area. On the upside, a break of...