GBPUSD Daily Analysis – August 28, 2018

by ForexCycle.com | August 28, 2018 2:13 am
GBPUSD is facing the resistance of the falling trend line on the 4-hour chart once again. A breakthrough the trend line resistance would indicate that the downside movement from 1.3362 had completed at 1.2661 already, then the...

EURUSD Daily Analysis – August 28, 2018

by ForexCycle.com | August 28, 2018 2:12 am
EURUSD extended its upside movement from 1.1301 to as high as 1.1693. 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...

USDCAD Daily Analysis – August 27, 2018

by ForexCycle.com | August 27, 2018 1:56 am
USDCAD is facing 1.2986 support, a breakdown below this level could trigger another fall towards 1.2800. Resistance levels are at 1.3055 and 1.3103, only break above these levels could take the price to 1.3200 area.

USDJPY Daily Analysis – August 27, 2018

by ForexCycle.com | August 27, 2018 1:56 am
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 112.15 had completed at 109.77 already. Further rally is still possible in a couple of days and next target would...

AUDUSD Daily Analysis – August 27, 2018

by ForexCycle.com | August 27, 2018 1:55 am
AUDUSD failed to break below 0.7202 support and rebounded strongly from 0.7237. Further rally to test 0.7381 resistance is possible in the coming days, a break of this level could trigger further bullish move to 0.7450 area....

GBPUSD Daily Analysis – August 27, 2018

by ForexCycle.com | August 27, 2018 1:55 am
GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3362. A breakdown below 1.2798 support could trigger further downside movement towards 1.2661 previous low. Only a clear break above...

EURUSD Daily Analysis – August 27, 2018

by ForexCycle.com | August 27, 2018 1:54 am
EURUSD failed to break below the bullish trend line on the 4-hour chart and extended its upside movement from 1.1301 to as high as 1.1653. As long as the trend line support holds, the upside movement could...

USDCAD Weekly Analysis – August 26, 2018

by ForexCycle.com | August 26, 2018 5:58 am
USDCAD stays below a falling trend line on the daily chart and remains in the downtrend from 1.3385. As long as the trend line resistance holds, the price action from 1.2961 could be treated as consolidation for...

USDJPY Weekly Analysis – August 26, 2018

by ForexCycle.com | August 26, 2018 5:57 am
USDJPY stays in a falling price channel on the daily chart and remains in the downtrend from 113.17. As long as the channel resistance holds, the bounce from 109.77 could be treated as consolidation for the downtrend...

AUDUSD Weekly Analysis – August 26, 2018

by ForexCycle.com | August 26, 2018 5:57 am
AUDUSD remains in the downtrend from 0.8135, the price action from 0.7202 is likely consolidation for the downtrend. As long as the price is below the falling trend line on the daily chart, the downside movement could...