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...

EURUSD Daily Analysis – December 27, 2018

by ForexCycle.com | December 27, 2018 3:49 am
EURUSD is now in the downtrend from 1.1485, further decline could be expected in the coming days and next target would be at 1.1267 support. Resistance is at 1.1420, only break above this level could trigger another...

USDCAD Daily Analysis – December 24, 2018

by ForexCycle.com | December 24, 2018 3:30 am
USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.3253. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDJPY Daily Analysis – December 24, 2018

by ForexCycle.com | December 24, 2018 3:29 am
USDJPY remains in the downtrend from 113.70, the bounce from 110.81 is likely consolidation for the downtrend, a breakdown below 110.81 support could trigger further downside movement towards 110.00. Resistance is at 111.70, only a break of...

AUDUSD Daily Analysis – December 24, 2018

by ForexCycle.com | December 24, 2018 3:28 am
AUDUSD extended its downside movement from 0.7393 to as low as 0.7031. Resistance is now at 0.7100, as long as this level holds, the downside movement could be expected to continue and next target would be at...

GBPUSD Daily Analysis – December 24, 2018

by ForexCycle.com | December 24, 2018 3:27 am
GBPUSD is testing the resistance of the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.2475 could be treated as consolidation for the downtrend from 1.3174, a...