EURUSD Daily Analysis – August 26, 2019

by ForexCycle.com | August 26, 2019 1:25 am
EURUSD broke above 1.1113 resistance, suggesting that the downside movement from 1.1249 had completed at 1.1051 already. Further rally could be expected and next target would be at 1.1200 area. Near term support is at 1.1110, below...

USDCAD Daily Analysis – August 23, 2019

by ForexCycle.com | August 23, 2019 3:28 am
USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3015. As long as the trend line support holds, the upside movement could be expected to continue and a break...

USDJPY Daily Analysis – August 23, 2019

by ForexCycle.com | August 23, 2019 3:28 am
USDJPY moved sideways in a narrow range between 106.16 and 106.69. Support is at 106.16, below this level could take the price to 105.50 area. Resistance is at 106.69, a breakout of this level could trigger further...

AUDUSD Daily Analysis – August 23, 2019

by ForexCycle.com | August 23, 2019 3:27 am
AUDUSD is facing 0.6735 support, a breakdown below this level could trigger further downside movement towards 0.6677. Near term resistance is at 0.6770, above this level could take the price to test 0.6821 key resistance.

GBPUSD Daily Analysis – August 23, 2019

by ForexCycle.com | August 23, 2019 3:26 am
GBPUSD broke above 1.2249 resistance, suggesting that the downside movement from 1.2578 had completed at 1.2014 already. Further rally would likely be seen in a couple of days and next target would be at 1.2350 area. Near...

EURUSD Daily Analysis – August 23, 2019

by ForexCycle.com | August 23, 2019 3:25 am
EURUSD moved sideways in a narrow range between 1.1063 and 1.1113. As long as 1.1113 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.1249, deeper decline to 1.1026 support is still...

USDCAD Daily Analysis – August 21, 2019

by ForexCycle.com | August 21, 2019 3:44 am
After touching 1.3344 resistance, USDCAD pulled back to 1.3300 area, suggesting that lengthier consolidation for the uptrend from 1.3015 is needed. Deeper decline would likely be seen in the coming days and the target would be at...

USDJPY Daily Analysis – August 21, 2019

by ForexCycle.com | August 21, 2019 3:43 am
USDJPY broke below the rising trend line on the 4-hour chart, suggesting that the short term uptrend from 105.65 is complete. Another fall towards 105.04 would likely be seen over the next several days.

AUDUSD Daily Analysis – August 21, 2019

by ForexCycle.com | August 21, 2019 3:42 am
AUDUSD formed a sideways movement in a trading range between 0.6735 and 0.6821. As long as 0.6735 support holds, the sideways movement could be treated as consolidation for the uptrend from 0.6677, further rise to 0.6900 area...

GBPUSD Daily Analysis – August 21, 2019

by ForexCycle.com | August 21, 2019 3:41 am
GBPUSD moved sideways in a trading range between 1.2014 and 1.2249. As long as 1.2249 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.2578, one more fall towards 1.1950 is still...