EURUSD Daily Analysis – May 6, 2019

by ForexCycle.com | May 6, 2019 4:35 am
EURUSD remains in the uptrend from 1.1110, the fall from 1.1264 is likely corrective consolidation for the uptrend. Another rise towards 1.1264 resistance could be expected in the coming days, a break of 1.1200 level could signal...

USDCAD Daily Analysis – May 3, 2019

by ForexCycle.com | May 3, 2019 2:14 am
USDCAD broke above 1.3430 resistance, suggesting that the downside movement from 1.3520 had completed at 1.3376 already. Further rise to test 1.3520 resistance would likely be seen in the coming days, a break of this level would...

USDJPY Daily Analysis – May 3, 2019

by ForexCycle.com | May 3, 2019 2:13 am
USDJPY broke below the price channel on the 4-hour chart, suggesting that the uptrend from 109.70 had completed at 112.40 already. Further decline could be expected and next target would be at 110.50 area. Resistance is at...

AUDUSD Daily Analysis – May 3, 2019

by ForexCycle.com | May 3, 2019 2:12 am
AUDUSD is facing 0.6988 support, a breakdown below this level could signal resumption of the downtrend from 0.7205, then further decline to 0.6900 area could be seen. Near term resistance is at 0.7015, a break of this...

GBPUSD Daily Analysis – May 3, 2019

by ForexCycle.com | May 3, 2019 2:11 am
GBPUSD is in the uptrend from 1.2865, the pullback from 1.3102 is likely consolidation for the uptrend. Range trading between 1.2950 and 1.3102 would likely be seen in a couple of days. As long as 1.2950 support...

EURUSD Daily Analysis – May 3, 2019

by ForexCycle.com | May 3, 2019 2:10 am
EURUSD is now in the uptrend from 1.1110, the fall from 1.1262 would possibly be corrective consolidation for the uptrend. Another rise could be expected after the consolidation and next target would be at 1.1300 area. Near...

USDCAD Daily Analysis – May 1, 2019

by ForexCycle.com | May 1, 2019 3:40 am
USDCAD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.3274 has completed at 1.3520 already. Further decline could be expected after a minor consolidation and next target would be...

USDJPY Daily Analysis – May 1, 2019

by ForexCycle.com | May 1, 2019 3:38 am
USDJPY is testing the support of the price channel on the 4-hour chart. As long as the channel support holds, the fall from 112.40 could be treated as consolidation for the uptrend from 109.70, another rise towards...

AUDUSD Daily Analysis – May 1, 2019

by ForexCycle.com | May 1, 2019 3:36 am
AUDUSD is now in the uptrend from 0.6988, further rally could be expected in a couple of days and next target would be at 0.7120 area. Near term support is at 0.7020, only break below this level...

GBPUSD Daily Analysis – May 1, 2019

by ForexCycle.com | May 1, 2019 3:35 am
GBPUSD broke above the bearish trend line on the 4-hour chart and bounced strongly to as high as 1.3048, suggesting that the downside movement from 1.3132 had completed at 1.2865 already. Further rally is still possible after...