USDCAD Daily Analysis – January 18, 2019

by ForexCycle.com | January 18, 2019 4:56 am
USDCAD failed to break above 1.3322 resistance and stays in a trading range between 1.3179 and 1.3322. As long as 1.3322 resistance holds, the price action in the trading range could be treated as consolidation for the...

USDJPY Daily Analysis – January 18, 2019

by ForexCycle.com | January 18, 2019 4:55 am
USDJPY stays above the bullish trend line on the 4-hour chart and remains in the uptrend from 107.76. As long as the trend line support holds, the upside movement could be expected to continue and next target...

AUDUSD Daily Analysis – January 18, 2019

by ForexCycle.com | January 18, 2019 4:54 am
AUDUSD is in consolidation for the uptrend from 0.6765. Range trading between 0.7100 and 0.7235 would likely be seen over the next several days. As long as 0.7100 support holds, the uptrend could be expected to resume...

GBPUSD Daily Analysis – January 18, 2019

by ForexCycle.com | January 18, 2019 4:54 am
GBPUSD broke above 1.2930 resistance, suggesting that the uptrend from 1.2396 has resumed. Further rise could be expected in a couple of days and next target would be at 1.3100 area. Support is at 1.2850, as long...

EURUSD Daily Analysis – January 18, 2019

by ForexCycle.com | January 18, 2019 4:53 am
EURUSD remains in the downtrend from 1.1570, the bounce from 1.1370 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 1.1300 area. Near term resistance is...

USDCAD Daily Analysis – January 17, 2019

by ForexCycle.com | January 17, 2019 1:55 am
USDCAD continued its sideways movement in the trading range between 1.3179 and 1.3322. As long as 1.3322 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3664, and further decline to 1.3100...

USDJPY Daily Analysis – January 17, 2019

by ForexCycle.com | January 17, 2019 1:54 am
USDJPY broke above 109.08 resistance, suggesting that the uptrend from 105.05 has resumed. Further rise could be expected in the coming days and next target would be at 110.40 area. Support is at 108.30, only a breakdown...

AUDUSD Daily Analysis – January 17, 2019

by ForexCycle.com | January 17, 2019 1:53 am
AUDUSD’s pullback from 0.7235 extended to as low as 0.7161. Deeper decline is still possible and next target would be at 0.7100 area. As long as 0.7100 support holds, the pullback could be treated as consolidation for...

GBPUSD Daily Analysis – January 17, 2019

by ForexCycle.com | January 17, 2019 1:52 am
GBPUSD is facing 1.2930 resistance, a break of this level would indicate that the upside movement from 1.2396 has resumed, then further rise towards 1.3000 could be seen. Near term support is at 1.2780, below this level...

EURUSD Daily Analysis – January 17, 2019

by ForexCycle.com | January 17, 2019 1:51 am
EURUSD remains in the downtrend from 1.1570, further decline could be expected after a minor consolidation and next target would be at 1.1300 area. Resistance is at 1.1440, a break of this level could trigger another rise...