AUDUSD Daily Analysis – August 2, 2019

by ForexCycle.com | August 1, 2019 11:38 pm
AUDUSD’s downside movement from 0.7081 extended to as low as 0.6794. Further decline could be expected and next target would be at 0.6750 area. Key resistance is now at 0.6867, only break above this level could signal...

GBPUSD Daily Analysis – August 2, 2019

by ForexCycle.com | August 1, 2019 11:37 pm
GBPUSD remains in the downtrend from 1.2578, the bounce from 1.2077 is likely consolidation for the downtrend. As long as 1.2249 resistance holds, the downtrend could be expected to continue and next target would be at 1.2000...

EURUSD Daily Analysis – August 2, 2019

by ForexCycle.com | August 1, 2019 11:37 pm
EURUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.1285. As long as the channel resistance holds, the bounce from 1.1026 could be treated as consolidation for the downtrend....

USDCAD Daily Analysis – August 1, 2019

by ForexCycle.com | August 1, 2019 2:14 am
USDCAD broke above 1.3198 resistance and extended its upside movement from 1.3015 to as high as 1.3218. Further rise could be expected and next target would be at 1.3300 area. Key support is at 1.3104, only break...

USDJPY Daily Analysis – August 1, 2019

by ForexCycle.com | August 1, 2019 2:13 am
USDJPY extended its upside movement from 107.20 to as high as 109.31, breaking above 108.99 resistance. Further rise could be expected after a minor consolidation and next target would be at 110.00 area. Key support is at...

AUDUSD Daily Analysis – August 1, 2019

by ForexCycle.com | August 1, 2019 2:13 am
AUDUSD extended its downside movement from 0.7081 to as low as 0.6827, breaking below 0.6831 support. Further decline is still possible after a minor consolidation and next target would be at 0.6800 area. Key resistance is at...

GBPUSD Daily Analysis – August 1, 2019

by ForexCycle.com | August 1, 2019 2:12 am
GBPUSD’s downside movement from 1.2578 extended to as low as 1.2100. As long as 1.2249 resistance holds, the downtrend could be expected to continue and next target would be at 1.2050 area, only break above 1.2249 resistance...

EURUSD Daily Analysis – August 1, 2019

by ForexCycle.com | August 1, 2019 2:11 am
EURUSD extended its downside movement from 1.1412 to as low as 1.1033. Further decline is still possible after a minor consolidation and next target would be at 1.1000 area. Resistance is at 1.1080, as long as this...