USDCAD Daily Analysis – July 31, 2019

by ForexCycle.com | July 31, 2019 2:33 am
USDCAD moved sideways in a trading range between 1.3114 and 1.3198. As long as 1.3114 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.3015, further rise to 1.3250 area is still...

USDJPY Daily Analysis – July 31, 2019

by ForexCycle.com | July 31, 2019 2:32 am
USDJPY failed to break above 108.99 resistance and pulled back from 108.94. However, as long as 108.41 support holds, the pullback could be treated as consolidation for the uptrend from 107.20, further rise to 109.50 area is...

AUDUSD Daily Analysis – July 31, 2019

by ForexCycle.com | July 31, 2019 2:32 am
AUDUSD extended its downside movement from 0.7081 to as low as 0.6862. The subsequent bounce is likely consolidation for the downtrend. Range trading between 0.6862 and 0.6916 would likely be seen over the next several days. As...

GBPUSD Daily Analysis – July 31, 2019

by ForexCycle.com | July 31, 2019 2:31 am
GBPUSD extended its downside movement from 1.2578 to as low as 1.2119. Further decline is still possible after a minor consolidation and next target would be at 1.2050 area. Resistance is at 1.2260, only break above this...

EURUSD Daily Analysis – July 31, 2019

by ForexCycle.com | July 31, 2019 2:30 am
EURUSD moved sideways in a trading range between 1.1101 and 1.1187. As long as 1.1187 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.1412, further decline to 1.1050 area is still...

USDCAD Daily Analysis – July 29, 2019

by ForexCycle.com | July 29, 2019 2:50 am
USDCAD remains in the uptrend from 1.3015, the pullback from 1.3198 is likely consolidation for the uptrend. As long as 1.3114 support holds, the uptrend could be expected to resume, a breakout of 1.3198 resistance could trigger...

USDJPY Daily Analysis – July 29, 2019

by ForexCycle.com | July 29, 2019 2:49 am
USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 107.20. As long as the trend line support holds, the pullback from 108.82 could be treated as consolidation for the...

AUDUSD Daily Analysis – July 29, 2019

by ForexCycle.com | July 29, 2019 2:49 am
AUDUSD’s downside movement from 0.7081 to as low as 0.6902. Further decline could be expected after a minor consolidation and next target would be at 0.6850 area. Resistance is at 0.6930, a break of this level could...

GBPUSD Daily Analysis – July 29, 2019

by ForexCycle.com | July 29, 2019 2:48 am
GBPUSD broke below 1.2381 support, suggesting that the downside movement from 1.2783 has resumed. Further decline could be expected in the coming days and next target would be at 1.2300 area. Resistance is at 1.2400, above this...

EURUSD Daily Analysis – July 29, 2019

by ForexCycle.com | July 29, 2019 2:47 am
EURUSD remains in the downtrend from 1.1412, the bounce from 1.1101 is likely consolidation for the downtrend. As long as 1.1187 resistance holds, the downside movement could be expected to resume, a breakdown below 1.1101 support could...