EURUSD Daily Analysis – September 6, 2018

by ForexCycle.com | September 6, 2018 3:12 am
EURUSD broke above 1.1627 resistance, suggesting that the downside movement from 1.1733 had completed at 1.1529 already. Further rise could be expected and next target would be at 1.1733 resistance. Near term support is at 1.1610, only...

USDCAD Daily Analysis – September 5, 2018

by ForexCycle.com | September 5, 2018 1:16 am
USDCAD’s upside movement from 1.2887 extended to as high as 1.3207, breaking above 1.3174 resistance. Further rise is still possible after a minor consolidation and next target would be at 1.3250 area. Near term support is at...

USDJPY Daily Analysis – September 5, 2018

by ForexCycle.com | September 5, 2018 1:16 am
USDJPY broke above 110.30 resistance, suggesting that the downside movement from 111.82 had completed at 110.68 already. Further rise towards 111.82 resistance could be expected in the coming days and a break of this level could take...

AUDUSD Daily Analysis – September 5, 2018

by ForexCycle.com | September 5, 2018 1:15 am
AUDUSD broke below 0.7165 support, suggesting that the downside movement from 0.7381 has resumed. Further decline is still possible in the coming days and next target would be at 0.7100 area. Resistance is at 0.7235, only a...

GBPUSD Daily Analysis – September 5, 2018

by ForexCycle.com | September 5, 2018 1:15 am
GBPUSD extended its downside movement from 1.3043 to as low as 1.2810, facing the support level at 1.2798. A breakdown below this level could trigger further downside movement towards 1.2661 previous low. Near term resistance is at...

EURUSD Daily Analysis – September 5, 2018

by ForexCycle.com | September 5, 2018 1:14 am
EURUSD is facing 1.1529 support, a breakdown below this level could trigger further downside movement towards 1.1400 area. Resistance is at 1.1627, a breakout of this level would indicate that the downside movement from 1.1733 is complete,...

USDCAD Daily Analysis – September 4, 2018

by ForexCycle.com | September 4, 2018 1:33 am
USDCAD extended its upside movement from 1.2887 to as high as 1.3112, breaking above 1.3103 resistance. Further rise is still possible and next target would be at 1.3174 resistance. Near term support is at 0.3040, only a...

USDJPY Daily Analysis – September 4, 2018

by ForexCycle.com | September 4, 2018 1:32 am
USDJPY remains in the downtrend from 111.82, the bounce from 110.68 is likely consolidation of the downtrend. A breakdown below 110.68 support could take the price towards 110.00 area. Near term resistance is at 110.30, only a...

AUDUSD Daily Analysis – September 4, 2018

by ForexCycle.com | September 4, 2018 1:32 am
AUDUSD remains in the downtrend from 0.7381, the bounce from 0.7165 is likely consolidation for the downtrend. Range trading between 0.7165 and 0.7250 would likely be seen in a couple of days. Support is at 0.7165, a...

GBPUSD Daily Analysis – September 4, 2018

by ForexCycle.com | September 4, 2018 1:31 am
GBPUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.2661 had completed at 1.3043 already. Further decline would likely be seen and next target would be at 1.2700 area....