EURUSD Daily Analysis – November 2, 2018

by ForexCycle.com | November 2, 2018 2:19 am
EURUSD broke above the bearish trend line on its 4-hour chart, suggesting that the downside movement from 1.1622 had completed at 1.1302 already. Further rally is still possible and next target would be at 1.1480, followed by...

USDCAD Daily Analysis – November 1, 2018

by ForexCycle.com | November 1, 2018 4:58 am
USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2782. Further rise could be expected after a minor consolidation and next target would be at 1.3200 area. Near term...

USDJPY Daily Analysis – November 1, 2018

by ForexCycle.com | November 1, 2018 4:57 am
USDJPY remains in the uptrend from 111.37, the pullback from 113.38 is likely consolidation for the uptrend. Near term support is at 112.50, as long as this level holds, the upside movement could be expected to continue...

AUDUSD Daily Analysis – November 1, 2018

by ForexCycle.com | November 1, 2018 4:56 am
AUDUSD extended its upside movement from 0.7020 to as high as 0.7133. Further rally is still possible and next target would be at 0.7159 resistance. Support is located at the rising trend line on the 4-hour chart,...

GBPUSD Daily Analysis – November 1, 2018

by ForexCycle.com | November 1, 2018 4:56 am
GBPUSD broke above the bearish trend line on the 4-hour chart, suggesting that consolidation for the downside movement from 1.3257 is underway. Range trading between 1.2695 and 1.2950 would likely be seen in the coming days. Resistance...

EURUSD Daily Analysis – November 1, 2018

by ForexCycle.com | November 1, 2018 4:55 am
EURUSD extended its downside movement from 1.1622 to as low as 1.1302. 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...

USDCAD Daily Analysis – October 31, 2018

by ForexCycle.com | October 31, 2018 2:28 am
USDCAD remains in the uptrend from 1.2782. Further rise is still possible after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.3065, a breakdown below this level could bring...

USDJPY Daily Analysis – October 31, 2018

by ForexCycle.com | October 31, 2018 2:27 am
USDJPY broke above 112.88 resistance and extended its upside movement from 111.37 to as high as 113.32. Further rise is still possible and next target would be at 114.00 area. Near term support is at 112.60, only...

AUDUSD Daily Analysis – October 31, 2018

by ForexCycle.com | October 31, 2018 2:27 am
AUDUSD remains in the short term uptrend from 0.7020. Further rally is still possible in a couple of days and next target would be at 0.7150 area. Support is at 0.7020, only a breakdown below this level...

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...