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...

AUDUSD Daily Analysis – November 22, 2018

by ForexCycle.com | November 22, 2018 3:12 am
AUDUSD remains in the downtrend from 0.7337, the bounce from 0.7201 is likely corrective consolidation for the downtrend. Another fall could be expected after the consolidation and next target would be at 0.7100 area. Resistance is at...

GBPUSD Daily Analysis – November 22, 2018

by ForexCycle.com | November 22, 2018 3:11 am
GBPUSD moved sideways in a trading range between 1.2723 and 1.2883. The sideways movement is likely consolidation for the downtrend from 1.3174. A breakdown below 1.2723 support would indicate that the downtrend has resumed, then next target...

EURUSD Daily Analysis – November 22, 2018

by ForexCycle.com | November 22, 2018 3:11 am
EURUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the fall from 1.1472 could be treated as consolidation for the uptrend from 1.1215 and...

USDCAD Daily Analysis – November 21, 2018

by ForexCycle.com | November 21, 2018 1:50 am
USDCAD broke above 1.3263 resistance and extended its upside movement from 1.2782 to as high as 1.3317. Further rise is still possible after a minor consolidation and next target would be at 1.3350 area. Support is at...

USDJPY Daily Analysis – November 21, 2018

by ForexCycle.com | November 21, 2018 1:49 am
USDJPY stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 114.20. As long as the price is in the channel, the bounce from 112.30 could be treated as consolidation for...

AUDUSD Daily Analysis – November 21, 2018

by ForexCycle.com | November 21, 2018 1:49 am
AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.7164 had completed at 0.7337 already. Deeper decline to test l0.7164 support would likely be seen and a breakdown below...