EURUSD Daily Analysis – January 9, 2019

by ForexCycle.com | January 9, 2019 1:41 am
EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.1303. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDCAD Daily Analysis – January 8, 2019

by ForexCycle.com | January 8, 2019 3:52 am
USDCAD extended its downside movement from 1.3664 to as low as 1.3273. Further decline is still possible in a couple of days and next target would be at 1.3200 area. Resistance is at 1.3330, above this level...

USDJPY Daily Analysis – January 8, 2019

by ForexCycle.com | January 8, 2019 3:51 am
USDJPY is facing the resistance of the bearish trend line on the 4-hour chart, a clear break above the trend line resistance would indicate that the downside movement from 113.70 had completed at 105.05 already, then further...

AUDUSD Daily Analysis – January 8, 2019

by ForexCycle.com | January 8, 2019 3:50 am
AUDUSD’s upside movement from 0.6765 extended to as high as 0.7149. Further rise is still possible after a minor consolidation and next target would be at 0.7300 area. Near term support is at 0.7050, a breakdown below...

GBPUSD Daily Analysis – January 8, 2019

by ForexCycle.com | January 8, 2019 3:49 am
GBPUSD extended its upside movement from 1.2396 to as high as 1.2788, facing the key resistance level at 1.2814, above this level could trigger further upside movement to 1.2900 area. Near term support is at 1.2715, a...

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...