EURUSD Daily Analysis – December 31, 2018

by ForexCycle.com | December 31, 2018 2:50 am
EURUSD is facing 1.1485 resistance, a breakout of this level could trigger further upside movement to 1.1700 area. Near term support is at 1.1400, below this level could bring the price back to next support level at...

USDCAD Daily Analysis – December 28, 2018

by ForexCycle.com | December 28, 2018 12:53 am
USDCAD extended its upside movement from 1.3253 to as high as 1.3660. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next...

USDJPY Daily Analysis – December 28, 2018

by ForexCycle.com | December 28, 2018 12:52 am
USDJPY moved sideways in a trading range between 110.26 and 111.45. The price action in the range is likely consolidation for the downtrend from 113.70, another fall towards 109.00 is possible after the consolidation. Key resistance is...

AUDUSD Daily Analysis – December 28, 2018

by ForexCycle.com | December 28, 2018 12:50 am
AUDUSD extended its downside movement from 0.7246 to as low as 0.7016. Further decline could be expected in a couple of days and next target would be at 0.6950 area. Resistance is at 0.7077, only a break...

GBPUSD Daily Analysis – December 28, 2018

by ForexCycle.com | December 28, 2018 12:48 am
GBPUSD is facing 1.2606 support, a breakdown below this level could trigger another fall towards 1.2475. However as long as 1.2606 support holds, the fall from 1.2738 would possibly be consolidation for the uptrend from 1.2475, further...

EURUSD Daily Analysis – December 28, 2018

by ForexCycle.com | December 28, 2018 12:47 am
EURUSD remains in the downtrend from 1.1485, the bounce from 1.1342 is likely correction for the downtrend. Another fall towards 1.1267 support is still possible after the correction. Resistance is at 1.1485, only break above this level...

USDCAD Daily Analysis – December 27, 2018

by ForexCycle.com | December 27, 2018 3:53 am
USDCAD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.3253. As long as the price is in the channel the pullback from 1.3617 could be treated as consolidation for...

USDJPY Daily Analysis – December 27, 2018

by ForexCycle.com | December 27, 2018 3:52 am
USDJPY remains in the downtrend from 113.70, the bounce from 110.26 is likely consolidation for the downtrend. Range trading between 110.26 and 111.70 would likely be seen in a couple of days. As long as 111.70 resistance...

AUDUSD Daily Analysis – December 27, 2018

by ForexCycle.com | December 27, 2018 3:51 am
AUDUSD remains in the downtrend from 0.7393, the bounce from 0.7031 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 0.6950 area. Resistance is at 0.7120,...

GBPUSD Daily Analysis – December 27, 2018

by ForexCycle.com | December 27, 2018 3:50 am
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 1.3174 had completed at 1.2475 already. Further rally would likely be seen and next target would be at 1.2850 area. Near...