EURUSD Daily Analysis – May 10, 2019

by ForexCycle.com | May 10, 2019 3:39 am
EURUSD broke above 1.1218 resistance and extended its upside movement from 1.1135 to as high as 1.1251. Further rise is still possible and next target would be at 1.1300 area. Near term support is at 1.1200, a...

USDCAD Daily Analysis – May 9, 2019

by ForexCycle.com | May 8, 2019 11:48 pm
USDCAD moved sideways in a trading range between 1.3376 and 1.3520 for several days. As long as 1.3376 key support holds, the uptrend from 1.3274 could be expected to resume, further rise towards 1.3600 is still possible...

USDJPY Daily Analysis – May 9, 2019

by ForexCycle.com | May 8, 2019 11:47 pm
USDJPY’s downside movement from 112.40 extended to as low as 109.90. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target...

AUDUSD Daily Analysis – May 9, 2019

by ForexCycle.com | May 8, 2019 11:47 pm
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7205. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

GBPUSD Daily Analysis – May 9, 2019

by ForexCycle.com | May 8, 2019 11:44 pm
GBPUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.2865 had completed at 1.3176 already. Further decline could be expected and next target would be at 1.2900 area. Near...

EURUSD Daily Analysis – May 9, 2019

by ForexCycle.com | May 8, 2019 11:44 pm
EURUSD moved sideways in a trading range between 1.1166 and 1.1218. As long as 1.1166 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.1135, a breakout of 1.1218...

USDCAD Daily Analysis – May 8, 2019

by ForexCycle.com | May 8, 2019 2:58 am
USDCAD continued its sideways movement in a trading range between 1.3376 and 1.3520. As long as 1.3376 key support holds, the sideways movement could be treated as consolidation for the uptrend from 1.3274, a break of 1.3520...

USDJPY Daily Analysis – May 8, 2019

by ForexCycle.com | May 8, 2019 2:57 am
USDJPY extended its downside movement from 112.40 to as low as 109.96. Further decline is still possible in a couple of days and next target would be at 109.50 area. Near term resistance is at 110.95, a...

AUDUSD Daily Analysis – May 8, 2019

by ForexCycle.com | May 8, 2019 2:56 am
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 0.7068 had completed at 0.6962 already. Further rally could be expected in a couple of days and next target would...

GBPUSD Daily Analysis – May 8, 2019

by ForexCycle.com | May 8, 2019 2:55 am
GBPUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the fall from 1.3176 could be treated as consolidation for the uptrend, another rise towards...