EURUSD Daily Analysis – December 20, 2018

by ForexCycle.com | December 20, 2018 2:54 am
EURUSD failed to break above 1.1442 resistance and pulled back into a trading range between 1.1267 and 1.1442. Another fall towards 1.1267 support would likely be seen in the coming days, below this level would aim 1.1200....

USDCAD Daily Analysis – December 19, 2018

by ForexCycle.com | December 19, 2018 3:17 am
USDCAD broke above 1.3444 resistance and extended its upside movement from 1.3159 to as high as 1.3496. Further rise is still possible and next target would be at 1.3550 area. Support is located at the bullish trend...

USDJPY Daily Analysis – December 19, 2018

by ForexCycle.com | December 19, 2018 3:16 am
USDJPY broke below 112.23 support. Further decline is still possible and next target would be at 111.50 area. Near term resistance is at 112.63, a break of this level would indicate that the short term downtrend from...

AUDUSD Daily Analysis – December 19, 2018

by ForexCycle.com | December 19, 2018 3:14 am
AUDUSD remains in the downtrend from 0.7393, the price action from 0.7178 could be treated as consolidation for the downtrend. As long as 0.7246 resistance holds, the downtrend could be expected to resume and a breakdown below...

GBPUSD Daily Analysis – December 19, 2018

by ForexCycle.com | December 19, 2018 3:13 am
GBPUSD is facing the resistance of the falling 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 and...

EURUSD Daily Analysis – December 19, 2018

by ForexCycle.com | December 19, 2018 3:11 am
EURUSD’s upside movement from 1.1269 extended to as high as 1.1402. Further rise it still possible and next target would be at 1.1420, followed by 1.1500. Near term support is now at 1.1340, a breakdown below this...

USDCAD Daily Analysis – December 18, 2018

by ForexCycle.com | December 18, 2018 3:37 am
USDCAD is facing 1.3444 resistance once again, a break of this level could trigger further upside movement towards 1.3500. Near term support is at 1.3365, a breakdown below this level could bring the price back towards 1.3200.

USDJPY Daily Analysis – December 18, 2018

by ForexCycle.com | December 18, 2018 3:34 am
USDJPY broke below 113.00 support, suggesting that the upside movement from 112.23 had completed at 113.70 already. Further decline would likely be seen and next target would be at 112.00 area. Resistance is at 113.00, above this...

AUDUSD Daily Analysis – December 18, 2018

by ForexCycle.com | December 18, 2018 3:33 am
AUDUSD is facing 0.7200 resistance, a break of this level would indicate that lengthier consolidation for the downtrend from 0.7393 is needed, then further rise towards 0.7246 resistance could be seen. On the downside, as long as...

GBPUSD Daily Analysis – December 18, 2018

by ForexCycle.com | December 18, 2018 3:32 am
GBPUSD is in consolidation for the downtrend from 1.3174. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to resume and further decline towards 1.2400...