EURUSD Daily Analysis – August 13, 2018

by ForexCycle.com | August 13, 2018 1:57 am
EURUSD extended its downside movement from 1.1746 to as low as 1.1369. Further decline is still possible after a minor consolidation and next target would be at 1.1300 area. Resistance is at 1.1480, as long as this...

USDCAD Daily Analysis – August 10, 2018

by ForexCycle.com | August 10, 2018 2:34 am
USDCAD is now in the downtrend from 1.3119. Further decline could be expected and a breakdown below 1.2961 support could take the price into 1.2850 zone. Resistance is at 1.3119, only a break of this level could...

USDJPY Daily Analysis – August 10, 2018

by ForexCycle.com | August 10, 2018 2:34 am
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 112.15. Further decline to test 110.58 support is possible and a breakdown below this level would aim 110.00 area. On...

AUDUSD Daily Analysis – August 10, 2018

by ForexCycle.com | August 10, 2018 2:34 am
AUDUSD continued its sideways movement in a trading range between 0.7310 and 0.7483. Another fall to test 0.7310 would likely be seen in the coming days, a breakdown below this level could trigger further downside movement towards...

GBPUSD Daily Analysis – August 10, 2018

by ForexCycle.com | August 10, 2018 2:33 am
GBPUSD extended its downside movement from 1.3213 to as low as 1.2818. Further decline is still possible in a couple of days and next target would be at 1.2700 area. Near term resistance is at 1.2911, only...

EURUSD Daily Analysis – August 10, 2018

by ForexCycle.com | August 10, 2018 2:33 am
EURUSD extended its downside movement from 1.1746 to as low as 1.1516, breaking below 1.1530 support. Further decline could be expected in a couple of days and next target would be at 1.1400 area. Resistance is at...

USDCAD Daily Analysis – August 9, 2018

by ForexCycle.com | August 9, 2018 2:50 am
USDCAD dropped sharply from 1.3119 after breaking above 1.3096 resistance, suggesting that the pair remains in the downtrend from 1.3289. Deeper decline to test 1.2961 support is possible and a breakdown below this level could trigger further...

USDJPY Daily Analysis – August 9, 2018

by ForexCycle.com | August 9, 2018 2:50 am
USDJPY extended its downside movement from 112.15 to as low as 110.75. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and deeper...

AUDUSD Daily Analysis – August 9, 2018

by ForexCycle.com | August 9, 2018 2:49 am
AUDUSD is facing 0.7440 resistance, a breakout of this level could take the price to next resistance level at 0.7483. Near term support is at 0.7370, below this level could bring the price back towards 0.7310 previous...

GBPUSD Daily Analysis – August 9, 2018

by ForexCycle.com | August 9, 2018 2:49 am
GBPUSD extended its downside movement from 1.3213 to as low as 1.2851. Near term resistance is at 1.2975, as long as this level holds, the downside movement could be expected to continue and next target would be...