EURUSD Daily Analysis – January 8, 2019

by ForexCycle.com | January 8, 2019 3:48 am
EURUSD is facing 1.1500 resistance, a break of this level could trigger further upside movement towards 1.1600. Near term support is at 1.1425, below this level could bring the price back towards the bullish trend line on...

USDCAD Daily Analysis – January 7, 2019

by ForexCycle.com | January 7, 2019 2:09 am
USDCAD’s downside movement from 1.3664 extended to as low as 1.3365. Further decline is still possible after a minor consolidation and next target would be at 1.3300 area. Resistance is at 1.3430, above this level could bring...

USDJPY Daily Analysis – January 7, 2019

by ForexCycle.com | January 7, 2019 2:07 am
USDJPY extended its upside movement from 105.05 to as high as 108.62. Further rise towards the bearish trend line on the 4-hour chart is possible in the coming days. As long as the trend line resistance holds,...

AUDUSD Daily Analysis – January 7, 2019

by ForexCycle.com | January 7, 2019 2:06 am
AUDUSD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 0.7393 had completed at 0.6765. Further rally is still possible and next target would be at 0.7300 area. Support is...

GBPUSD Daily Analysis – January 7, 2019

by ForexCycle.com | January 7, 2019 2:05 am
GBPUSD remains in the uptrend from 1.2396, further rise would likely be seen in a couple of days and next target would be at 1.2814 resistance. Near term support is at 1.2660, only a breakdown below this...

EURUSD Daily Analysis – January 7, 2019

by ForexCycle.com | January 7, 2019 2:04 am
EURUSD is now in the short term uptrend from 1.1303, further rise towards 1.1500 could be expected in the coming days. Support levels are at 1.1345 and 1.1303, below these levels could trigger further downside movement towards...

USDCAD Daily Analysis – January 4, 2019

by ForexCycle.com | January 4, 2019 2:38 am
USDCAD broke below the bottom of the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.3253 had completed at 1.3664 already. Further decline could be expected and next target would be at...

USDJPY Daily Analysis – January 4, 2019

by ForexCycle.com | January 4, 2019 2:37 am
USDJPY remains in the downtrend from 113.70. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 105.05 could be treated as consolidation for the downtrend, and another fall...

AUDUSD Daily Analysis – January 4, 2019

by ForexCycle.com | January 4, 2019 2:36 am
AUDUSD is facing the resistance of the bearish trend line on the 4-hour chart. A break of the trend line resistance would confirm that the downside movement from 0.7393 had completed at 0.6765 already, then next target...

GBPUSD Daily Analysis – January 4, 2019

by ForexCycle.com | January 4, 2019 2:35 am
GBPUSD broke above 1.2640 resistance, suggesting that the downside movement from 1.2814 had completed at 1.2396 already. Further rally could be expected in a couple of days and next target would be at 1.2800 area. Near term...