EURUSD Daily Analysis – January 3, 2019

by ForexCycle.com | January 3, 2019 3:04 am
EURUSD is now in downtrend from 1.1496, further decline is still possible and next target would be at 1.1200 area. Near term resistance is at 1.1400, only a break of this level could trigger another rise towards...

USDCAD Daily Analysis – December 31, 2018

by ForexCycle.com | December 31, 2018 2:55 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 channel support holds, the upside movement could be expected to continue and next target would...

USDJPY Daily Analysis – December 31, 2018

by ForexCycle.com | December 31, 2018 2:54 am
USDJPY broke below 110.26 support, suggesting that the downtrend from 113.70 has resumed. Further decline could be expected in the coming days and next target would be at 109.00 area. Key resistance is now at 111.45, only...

AUDUSD Daily Analysis – December 31, 2018

by ForexCycle.com | December 31, 2018 2:53 am
AUDUSD moved sideways in a narrow range between 0.7016 and 0.7077. The price action in the range is likely consolidation for the downtrend from 0.7246. Another fall could be expected after the consolidation and next target would...

GBPUSD Daily Analysis – December 31, 2018

by ForexCycle.com | December 31, 2018 2:52 am
GBPUSD remains in the short term uptrend from 1.2475, a break of 1.2738 resistance could trigger further upside movement towards 1.2850. Support is at 1.2606, below this level could bring the price back into 1.2500 zone.

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...