GBPUSD Daily Analysis – August 27, 2018

by ForexCycle.com | August 27, 2018 1:55 am
GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3362. A breakdown below 1.2798 support could trigger further downside movement towards 1.2661 previous low. Only a clear break above...

EURUSD Daily Analysis – August 27, 2018

by ForexCycle.com | August 27, 2018 1:54 am
EURUSD failed to break below the bullish trend line on the 4-hour chart and extended its upside movement from 1.1301 to as high as 1.1653. As long as the trend line support holds, the upside movement could...

USDCAD Daily Analysis – August 24, 2018

by ForexCycle.com | August 24, 2018 4:05 am
USDCAD broke above 1.3057 resistance, suggesting that the downside move from 1.3174 had completed at 1.2986 already. Further rally would likely be seen in a couple of days and next target would be at 1.3170 area. Support...

USDJPY Daily Analysis – August 24, 2018

by ForexCycle.com | August 24, 2018 4:04 am
USDJPY’s upside movement from 109.77 extended to as high as 110.46, breaking above the falling trend line on the 4-hour chart. Further rally would likely be seen in a couple of days and next target would be...

AUDUSD Daily Analysis – August 24, 2018

by ForexCycle.com | August 24, 2018 4:04 am
AUDUSD’s downside movement from 0.7381 extended to as low as 0.7237. Deeper decline to test 0.7202 support is still possible after a minor consolidation. Resistance is at 0.7310, only a break of this level could bring the...

GBPUSD Daily Analysis – August 24, 2018

by ForexCycle.com | August 24, 2018 4:03 am
GBPUSD failed to break above the falling trend line on the 4-hour chart and pulled back from 1.2936, facing the support level at 1.2800. A breakdown below this level could trigger further downside movement towards 1.2700. Near...

EURUSD Daily Analysis – August 24, 2018

by ForexCycle.com | August 24, 2018 4:03 am
EURUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the fall from 1.1622 could be treated as consolidation for the uptrend from 1.1301, another...

USDCAD Daily Analysis – August 23, 2018

by ForexCycle.com | August 23, 2018 2:26 am
USDCAD’s downside movement from 1.3174 extended to as low as 1.2986. Further decline to test 1.2961 support is possible, a break below this level could trigger further downside movement to 1.2900 area. Near term resistance is at...

USDJPY Daily Analysis – August 23, 2018

by ForexCycle.com | August 23, 2018 2:26 am
USDJPY is facing the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 109.77 could be treated as consolidation for the downtrend from 112.15 and another fall towards...

AUDUSD Daily Analysis – August 23, 2018

by ForexCycle.com | August 23, 2018 2:25 am
AUDUSD broke below the bullish trend line on the 4-hour chart and dropped sharply to as low as 0.7286, suggesting that the upside movement from 0.7202 had completed at 0.7381 already. Further decline is still possible and...