EURUSD Daily Analysis – May 28, 2019

by ForexCycle.com | May 28, 2019 3:57 am
EURUSD remains in the uptrend from 1.1106, the pullback from 1.1215 is likely corrective consolidation for the uptrend. Range trading between 1.1160 and 1.1215 would likely be seen in a couple of days. As long as 1.1160...

USDCAD Daily Analysis – May 27, 2019

by ForexCycle.com | May 27, 2019 3:59 am
USDCAD’s upside movement from 1.3357 to as high as 1.3502. Further rise to test 1.3520 resistance is possible, a break of this level could take the price to 1.3600 area. Support is at 1.3400, a breakdown below...

USDJPY Daily Analysis – May 27, 2019

by ForexCycle.com | May 27, 2019 3:58 am
USDJPY extended its downside movement from 110.67 to as low as 109.27, facing the 109.00 support, a breakdown below this level could trigger further downside movement towards 108.50. Resistance is at 109.75, a break of this level...

AUDUSD Daily Analysis – May 27, 2019

by ForexCycle.com | May 27, 2019 3:57 am
AUDUSD broke above the top trend line of the price channel on the 4-hour chart, suggesting that consolidation for the downtrend from 0.7205 is underway. Range trading between 0.6864 and 0.6960 would likely be seen in the...

GBPUSD Daily Analysis – May 27, 2019

by ForexCycle.com | May 27, 2019 3:57 am
GBPUSD broke above the bearish trend line on the 4-hour chart, suggesting that consolidation for the downtrend from 1.3176 is underway. Range trading between 1.2604 and 1.2813 would likely be seen in the coming days. As long...

EURUSD Daily Analysis – May 27, 2019

by ForexCycle.com | May 27, 2019 3:56 am
EURUSD extended its upside movement from 1.1106 to as high as 1.1214. Further rally is still possible after a minor consolidation and next target would be at 1.1260 area. Support is at 1.1165, only a breakdown below...

USDCAD Daily Analysis – May 24, 2019

by ForexCycle.com | May 24, 2019 4:39 am
USDCAD extended its upside movement from 1.3357 to as high as 1.3502, facing 1.3520 resistance, a break of this level could trigger further upside movement towards 1.3600. Near term support is at 1.3450, a breakdown below this...

USDJPY Daily Analysis – May 24, 2019

by ForexCycle.com | May 24, 2019 4:38 am
USDJPY broke below the rising trend line on the 4-hour chart, indicating that the upside movement from 109.01 had completed at 110.67 already. Further decline could be expected and next target would be at 109.01 support. Resistance...

AUDUSD Daily Analysis – May 24, 2019

by ForexCycle.com | May 24, 2019 4:37 am
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7068. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

GBPUSD Daily Analysis – May 24, 2019

by ForexCycle.com | May 24, 2019 4:36 am
GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3176. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...