GBPUSD Daily Analysis – August 7, 2018

by ForexCycle.com | August 7, 2018 1:59 am
GBPUSD extended its downside movement from 1.3213 to as low as 1.2919, breaking below 1.2957 previous low support. Further decline could be expected in a couple of days and next target would be at 1.2800 area. Near...

EURUSD Daily Analysis – August 7, 2018

by ForexCycle.com | August 7, 2018 1:59 am
EURUSD extended its downside movement from 1.1746 to as low as 1.1530, facing 1.1508 support, a breakdown below this level could trigger further downside movement towards 1.1400. Near term resistance is at 1.1600, only a break of...

USDCAD Daily Analysis – August 6, 2018

by ForexCycle.com | August 6, 2018 2:13 am
USDCAD extended its downside movement from 1.3289 to as low as 1.2967. Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend could be...

USDJPY Daily Analysis – August 6, 2018

by ForexCycle.com | August 6, 2018 2:13 am
USDJPY broke below the bottom support trend line of the rising price channel on the 4-hour chart, suggesting that the short term uptrend from 110.58 had completed at 112.15 already. Another fall would likely be seen in...

AUDUSD Daily Analysis – August 6, 2018

by ForexCycle.com | August 6, 2018 2:12 am
AUDUSD continued its sideways movement in a trading range between0.7310 and 0.7483. Another rise towards 0.7483 would likely be seen in the coming days. Support is at 0.7348, below this level could trigger another fall to test...

GBPUSD Daily Analysis – August 6, 2018

by ForexCycle.com | August 6, 2018 2:12 am
GBPUSD is facing 1.2957 support. A breakdown below this level could trigger further downside movement to 1.2800 area. Resistance is at 1.3070, only break above this level could bring the price back towards 1.3200.

EURUSD Daily Analysis – August 6, 2018

by ForexCycle.com | August 6, 2018 2:11 am
EURUSD broke below the bottom support trend line of the triangle pattern on its 4-hour chart. Further decline towards 1.1500 could be expected in the coming days. Resistance is at 1.1650, only a break of this level...

USDCAD Daily Analysis – August 3, 2018

by ForexCycle.com | August 3, 2018 2:20 am
USDCAD remains in the downtrend from 1.3289. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 1.2975 could be treated as consolidation for the downtrend, and another fall...

USDJPY Daily Analysis – August 3, 2018

by ForexCycle.com | August 3, 2018 2:19 am
USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 110.58. As long as the channel support holds, the uptrend could be expected to continue and next target would be...

AUDUSD Daily Analysis – August 3, 2018

by ForexCycle.com | August 3, 2018 2:19 am
AUDUSD’s fall from 0.7464 extended to as low as 0.7355. Deeper decline is still possible and next target would be at 0.7300 area. Resistance is at 0.7400, only break above this level could take the price back...