GBPUSD Daily Analysis – October 31, 2018

by ForexCycle.com | October 31, 2018 2:26 am
GBPUSD extended its downside movement from 1.3257 to as low as 1.2695. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next...

EURUSD Daily Analysis – October 31, 2018

by ForexCycle.com | October 31, 2018 2:25 am
EURUSD is facing 1.1335 support, a breakdown below this level could signal resumption of the downtrend from 1.1622, then next target would be at 1.1300 area. Near term resistance is at the bearish trend line on the...

USDCAD Daily Analysis – October 30, 2018

by ForexCycle.com | October 30, 2018 2:08 am
USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2782. As long as the price is above the trend line, the fall from 1.3159 could be treated as consolidation...

USDJPY Daily Analysis – October 30, 2018

by ForexCycle.com | October 30, 2018 2:08 am
USDJPY moved sideways in a trading range between 111.37 and 112.88. As long as 112.88 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 114.54, a breakdown below 111.37 support could trigger...

AUDUSD Daily Analysis – October 30, 2018

by ForexCycle.com | October 30, 2018 2:07 am
AUDUSD’s short term downtrend from 0.7159 had completed at 0.7020 already. Further rally would likely be seen and next target would be at 0.7150 area. Support is at 0.7020, only a breakdown below this level could trigger...

GBPUSD Daily Analysis – October 30, 2018

by ForexCycle.com | October 30, 2018 2:07 am
GBPUSD remains in the downtrend from 1.3257, the bounce from 1.2776 is likely consolidation for the downtrend. As long as the price is below the bearish trend line on the 4-hour chart, the downtrend could be expected...

EURUSD Daily Analysis – October 30, 2018

by ForexCycle.com | October 30, 2018 2:06 am
EURUSD remains in the downtrend from 1.1622. As long as the price is below the bearish trend line on the 4-hour chart, the bounce from 1.1335 could be treated as consolidation for the downtrend. Further decline is...

USDCAD Daily Analysis – October 29, 2018

by ForexCycle.com | October 29, 2018 5:49 am
USDCAD broke above 1.3132 resistance and extended its upside movement from 1.2782 to 1.3160 area. Further rise could be expected and next target would be at 1.3200 area. Key support is at 1.2969, only a breakdown below...

USDJPY Daily Analysis – October 29, 2018

by ForexCycle.com | October 29, 2018 5:49 am
USDJPY broke below 111.62 support and extended its downside movement from 114.54 to as low as 111.37. Range trading between 111.37 and 112.88 is possible in a couple of days. Support is at 111.37, a breakdown below...

AUDUSD Daily Analysis – October 29, 2018

by ForexCycle.com | October 29, 2018 5:48 am
AUDUSD broke above the bearish price channel on the 4-hour chart, suggesting that the short term downtrend from 0.7159 had completed at 0.7020 already. Further rally would likely be seen and next target would be at 0.7150...