USDCAD Daily Analysis – October 24, 2018

by ForexCycle.com | October 24, 2018 2:42 am
USDCAD remains in the uptrend from 1.2915, the pullback from 1.3132 could be treated as consolidation for the uptrend. As long as 1.3025 support holds, the uptrend could be expected to resume and further rise to 1.3200...

USDJPY Daily Analysis – October 24, 2018

by ForexCycle.com | October 24, 2018 2:42 am
USDJPY broke below the rising trend line on the 4-hour chart, suggesting that the short term uptrend from 111.62 had completed at 112.88 already. The pair is now in downtrend, further decline to test 111.62 support could...

AUDUSD Daily Analysis – October 24, 2018

by ForexCycle.com | October 24, 2018 2:41 am
AUDUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 0.7159. As long as the channel resistance holds, the downside movement could be expected to continue and further decline to...

GBPUSD Daily Analysis – October 24, 2018

by ForexCycle.com | October 24, 2018 2:41 am
GBPUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3257. As long as the trend line resistance holds, the downside movement could be expected to continue and a breakdown...

EURUSD Daily Analysis – October 24, 2018

by ForexCycle.com | October 24, 2018 2:40 am
EURUSD is facing a key support level at 1.1432. A breakdown below this level could signal resumption of the downtrend from 1.1622, then next target would be at 1.1350 area. Resistance levels are at 1.1495 and 1.1550,...

USDCAD Daily Analysis – October 23, 2018

by ForexCycle.com | October 23, 2018 3:59 am
USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2782. Further rise could be expected in a couple of days and next target would be at 1.3200 area. Near...

USDJPY Daily Analysis – October 23, 2018

by ForexCycle.com | October 23, 2018 3:58 am
USDJPY extended its upside movement from 111.62 to as high as 112.88. Further rise is still possible and next target would be at 113.50 area. Support is located at the bullish trend line on the 4-hour chart,...

AUDUSD Daily Analysis – October 23, 2018

by ForexCycle.com | October 23, 2018 3:58 am
AUDUSD extended its downside movement from 0.7159 to as low as 0.7063. Deeper decline to test 0.7041 support is possible, below this level would aim 0.6900 area. Resistance is at 0.7110, only a break of this level...

GBPUSD Daily Analysis – October 23, 2018

by ForexCycle.com | October 23, 2018 3:58 am
GBPUSD’s downside movement from 1.3257 extended to as low as 1.2956. Further decline to test 1.2921 support is possible, below this level would aim 1.2850 area. Resistance is at 1.3055, only a break of this level could...

EURUSD Daily Analysis – October 23, 2018

by ForexCycle.com | October 23, 2018 3:57 am
EURUSD is facing 1.1432 support again, a breakdown below this level could trigger further downside movement towards 1.1350. Resistance is at 1.1550, only a break of this level could bring the price back towards 1.1650.