GBPUSD Daily Analysis – August 1, 2018

by ForexCycle.com | August 1, 2018 3:55 am
GBPUSD moved sideways in a trading range between 1.3070 and 1.3213. As long as 1.3070 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.2957 and another rise towards 1.3300 could be...

EURUSD Daily Analysis – August 1, 2018

by ForexCycle.com | August 1, 2018 3:55 am
EURUSD continued its sideways movement in a triangle pattern on its 4-hour chart. Resistance is at the top trend line of the pattern, a clear break above could take the price to 1.1900 area, followed by 1.2000....

USDCAD Daily Analysis – July 31, 2018

by ForexCycle.com | July 31, 2018 1:02 am
USDCAD extended its downside movement towards 1.2994. As long as the price is in the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2900...

USDJPY Daily Analysis – July 31, 2018

by ForexCycle.com | July 31, 2018 1:02 am
USDJPY continued its sideways movement in a trading range between 110.58 and 111.54. Resistance is at 111.54, as long as this level holds, the sideways movement could be treated as consolidation for the downtrend from 113.17 and...

AUDUSD Daily Analysis – July 31, 2018

by ForexCycle.com | July 31, 2018 1:01 am
AUDUSD moved sideways in a trading range between 0.7310 and 0.7483. Another fall towards 0.7300 would likely be seen in a couple of days. Near term resistance is at 0.7425, only break above this level could trigger...

GBPUSD Daily Analysis – July 31, 2018

by ForexCycle.com | July 31, 2018 1:01 am
GBPUSD failed to break below 1.3070 support and stayed in a trading range between 1.3070 and 1.3213. As long as 1.3070 support holds, the price action in the range could be treated as consolidation for the uptrend...

EURUSD Daily Analysis – July 31, 2018

by ForexCycle.com | July 31, 2018 1:00 am
EURUSD formed a triangle pattern on its 4-hour chart. A clear break above the top trend line of the pattern could take the price to 1.1900 area, followed by 1.2000. Support is at the bottom of the...

USDCAD Daily Analysis – July 30, 2018

by ForexCycle.com | July 30, 2018 1:55 am
USDCAD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.3289. As long as the price is in the channel, the downtrend could be expected to continue and next target...

USDJPY Daily Analysis – July 30, 2018

by ForexCycle.com | July 30, 2018 1:54 am
USDJPY moved sideways in a trading range between 110.58 and 111.54. As long as 111.54 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 113.17 and a breakdown below 110.58 support could...

AUDUSD Daily Analysis – July 30, 2018

by ForexCycle.com | July 30, 2018 1:53 am
AUDUSD is in short term downtrend from 0.7464. Deeper decline is still possible after a minor consolidation and next target would be at 1.7300 area. Near term resistance is at 0.7425, only break above this level could...