USDCAD Daily Analysis – July 15, 2019

by ForexCycle.com | July 15, 2019 6:47 am
USDCAD broke below 1.3036 support, suggesting that the downtrend from 1.3432 has resumed. Further decline could be expected over the next several days and next target would be at 1.2950 area. Resistance is at 1.3060, only break...

USDJPY Daily Analysis – July 15, 2019

by ForexCycle.com | July 15, 2019 6:46 am
USDJPY broke below 107.85 support, suggesting that the downtrend from 108.99 has resumed. Further decline could be expected and next target would be at 107.00 area. Near term resistance is at 108.35, only break above this level...

AUDUSD Daily Analysis – July 15, 2019

by ForexCycle.com | July 15, 2019 6:46 am
AUDUSD extended its upside movement from 0.6910 to as high as 0.7035, facing 0.7047 resistance, a break of this level could trigger further upside movement to 0.7100 area. Near term support is at 0.7000, below this level...

GBPUSD Daily Analysis – July 15, 2019

by ForexCycle.com | July 15, 2019 6:45 am
GBPUSD’s upside movement from 1.2439 extended to as high as 1.2578. Further rise could be expected in the coming days and next target would be at 1.2700 area. Near term support is at 1.2500, only break below...

EURUSD Daily Analysis – July 15, 2019

by ForexCycle.com | July 15, 2019 6:44 am
EURUSD is facing 1.1285 resistance, a break of this level could take the price to 1.1350 area. Near term support is at 1.1238, below this level would indicate that the upside movement from 1.1193 had completed at...

USDCAD Daily Analysis – July 12, 2019

by ForexCycle.com | July 12, 2019 1:25 am
USDCAD is facing 1.3036 support, a breakdown below this level could take the price to 1.2950 area. Key resistance is at 1.3144, above this level would indicate that the downside movement from 1.3432 had completed at 1.3036...

USDJPY Daily Analysis – July 12, 2019

by ForexCycle.com | July 12, 2019 1:25 am
USDJPY’s downside movement from 108.99 had completed at 107.85 already. Another rise towards 109.50 could be expected over the next several days. Key support is at 107.85, only a breakdown below this level could trigger another fall...

AUDUSD Daily Analysis – July 12, 2019

by ForexCycle.com | July 12, 2019 1:24 am
AUDUSD’s upside movement from 0.6910 extended to as high as 0.6987. Further rally is still possible after a minor consolidation and next target would be at 0.7030 area. Near term support is at 0.6965, a breakdown below...

GBPUSD Daily Analysis – July 12, 2019

by ForexCycle.com | July 12, 2019 1:23 am
GBPUSD broke above the resistance of the price channel on the 4-hour chart. However, the bounce from 1.2439 is likely corrective consolidation for the downtrend from 1.2783, another fall towards 1.2400 is still possible after the consolidation....

EURUSD Daily Analysis – July 12, 2019

by ForexCycle.com | July 12, 2019 1:22 am
EURUSD remains in the uptrend from 1.1193, the pullback from 1.1285 is likely corrective consolidation for the uptrend. As long as 1.1225 support holds, the uptrend could be expected to resume and further rise to 1.1350 area...