AUDUSD Daily Analysis – November 26, 2018

by ForexCycle.com | November 26, 2018 3:38 am
AUDUSD moved sideways in a trading range between 0.7201 and 0.7277. As long as 0.7277 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 0.7337 and a breakdown below 0.7201 support could...

GBPUSD Daily Analysis – November 26, 2018

by ForexCycle.com | November 26, 2018 3:38 am
GBPUSD failed to break above the falling trend line on the 4-hour chart and pulled back from 1.2927, suggesting that the pair remains in the downtrend from 1.3174. Another fall to test 1.2695 support would likely be...

EURUSD Daily Analysis – November 26, 2018

by ForexCycle.com | November 26, 2018 3:37 am
EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.1215 had completed at 1.1472 already. The pair is now in downtrend, further decline could be expected and next target...

USDCAD Daily Analysis – November 23, 2018

by ForexCycle.com | November 23, 2018 3:44 am
USDCAD is facing the channel support once again. A breakdown below the channel support would indicate that the upside movement from 1.2782 had completed at 1.3317 already, then further decline towards 1.2950 area could be seen. On...

USDJPY Daily Analysis – November 23, 2018

by ForexCycle.com | November 23, 2018 3:44 am
USDJPY broke above the bearish price channel on the 4-hour chart and is now in uptrend from 112.30. Further rally could be expected after a minor consolidation and next target would be at 113.50 area. Support levels...

AUDUSD Daily Analysis – November 23, 2018

by ForexCycle.com | November 23, 2018 3:43 am
No changed in our view, AUDUSD remains in the downtrend from 0.7337, the bounce from 0.7201 could be treated as correction of the downtrend. Resistance is at 0.7280, as long as this level holds, the downtrend could...

GBPUSD Daily Analysis – November 23, 2018

by ForexCycle.com | November 23, 2018 3:43 am
GBPUSD broke above 1.2883 resistance. Further rally towards the falling trend line on the 4-hour chart is possible, and a breakout of the trend line would indicate that the downside movement from 1.3174 had completed at 1.2723...

EURUSD Daily Analysis – November 23, 2018

by ForexCycle.com | November 23, 2018 3:42 am
EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.1215. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDCAD Daily Analysis – November 22, 2018

by ForexCycle.com | November 22, 2018 3:13 am
USDCAD pulled back from the top of the price channel on the 4-hour chart, suggesting that consolidation for the uptrend from 1.2782 is underway. Another fall towards the bottom of the channel could be expected in the...

USDJPY Daily Analysis – November 22, 2018

by ForexCycle.com | November 22, 2018 3:12 am
USDJPY broke above the bearish price channel on the 4-hour chart, suggesting that the downside movement from 114.20 had completed at 112.30 already. Further rally is still possible after consolidation and next target would be at 113.50...