EURUSD Daily Analysis – October 17, 2018

by ForexCycle.com | October 17, 2018 5:20 am
EURUSD extended its upside movement from 1.1432 to as high as 1.1622. Further rise is still possible after consolidation and next target would be at 1.1700 area. Near term support is at 1.1534, only a breakdown below...

USDCAD Daily Analysis – October 16, 2018

by ForexCycle.com | October 16, 2018 3:03 am
USDCAD broke below the bullish trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2782 is needed. Range trading between 1.2926 and 1.3071 would likely be seen in a couple of days....

USDJPY Daily Analysis – October 16, 2018

by ForexCycle.com | October 16, 2018 3:03 am
USDJPY extended its downside movement from 114.54 to as low as 111.62. 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...

AUDUSD Daily Analysis – October 16, 2018

by ForexCycle.com | October 16, 2018 3:02 am
AUDUSD broke above 0.7130 resistance, suggesting that the downside movement from 0.7314 had completed at 0.7041 already. Further rally could be expected in the coming days and next target would be at 0.7200 area. Near term support...

GBPUSD Daily Analysis – October 16, 2018

by ForexCycle.com | October 16, 2018 3:01 am
GBPUSD is now in the downtrend from 1.3257. Further decline is still possible and next target would be at 1.3020 area. Resistance is at 1.3190, a breakout of this level would indicate that the uptrend from 1.2921...

EURUSD Daily Analysis – October 16, 2018

by ForexCycle.com | October 16, 2018 3:00 am
EURUSD remains in the uptrend from 1.1432, the fall from 1.1610 is likely consolidation for the uptrend. Range trading between 1.1534 and 1.1610 is possible in a couple of days. Resistance is at 1.1610, a break of...

USDCAD Daily Analysis – October 15, 2018

by ForexCycle.com | October 15, 2018 2:44 am
USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2782. As long as the trend line support holds, the uptrend could be expected to continue and next target would...

USDJPY Daily Analysis – October 15, 2018

by ForexCycle.com | October 15, 2018 2:44 am
USDJPY stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 114.54. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

AUDUSD Daily Analysis – October 15, 2018

by ForexCycle.com | October 15, 2018 2:44 am
AUDUSD pulled back into the trading range between 0.7041 and 0.7130 after touching 07130 resistance, suggesting that the pair remains in the downtrend from 0.7314. Another fall to towards 0.7041 previous low would likely be seen, a...

GBPUSD Daily Analysis – October 15, 2018

by ForexCycle.com | October 15, 2018 2:43 am
GBPUSD failed to breakout of 1.3298 resistance and pulled back from 1.3257, breaking below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.2921 had completed. Deeper decline is still possible and...