EURUSD Daily Analysis – July 12, 2018

by ForexCycle.com | July 12, 2018 3:41 am
EURUSD broke below the bullish price channel on the 4-hour chart, suggesting that the upside movement from 1.1527 had completed at 1.1790 already. Deeper decline could be expected in the coming days and next target would be...

USDCAD Daily Analysis – July 11, 2018

by ForexCycle.com | July 11, 2018 2:33 am
USDCAD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 1.3385 had completed at 1.3065 already. Further rally is still possible in the coming days and next target would be...

USDJPY Daily Analysis – July 11, 2018

by ForexCycle.com | July 11, 2018 2:33 am
USDJPY remains in the uptrend from 109.36, the fall from 111.35 is likely consolidation for the uptrend. Another rise could be expected after the consolidation and next target would be at 111.50 area. The key support is...

AUDUSD Daily Analysis – July 11, 2018

by ForexCycle.com | July 11, 2018 2:32 am
AUDUSD broke below 0.7420 support, suggesting that the upside movement from 0.7310 had completed at 0.7483 already. Further decline would likely be seen in a couple of days and next target would be at 0.7300 area. Resistance...

GBPUSD Daily Analysis – July 11, 2018

by ForexCycle.com | July 11, 2018 2:32 am
GBPUSD is now in downtrend from 1.3362. Further decline could be expected after a minor consolidation and next target would be at 1.3000 area. Resistance is at 1.3362, only a breakout of this level could trigger another...

EURUSD Daily Analysis – July 11, 2018

by ForexCycle.com | July 11, 2018 2:31 am
EURUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 1.1527. As long as the price is in the channel, the fall from 1.1790 could be treated as consolidation for...

USDCAD Daily Analysis – July 10, 2018

by ForexCycle.com | July 10, 2018 2:48 am
USDCAD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.3385. As long as the price is below the trend line, the bounce from 1.3065 could be treated as consolidation...

USDJPY Daily Analysis – July 10, 2018

by ForexCycle.com | July 10, 2018 2:47 am
USDJPY failed to break below 110.27 support and is now facing 111.13 resistance. A breakout of this level would indicate that the upside movement from 109.36 has resumed, then further rise towards 111.50 could be seen. Key...

AUDUSD Daily Analysis – July 10, 2018

by ForexCycle.com | July 10, 2018 2:47 am
AUDUSD’s upside movement from 0.7310 extended to as high as 0.7483. Further rise is still possible in a couple of days and next target would be at 0.7550 area. Support is now at 0.7420, only a breakdown...

GBPUSD Daily Analysis – July 10, 2018

by ForexCycle.com | July 10, 2018 2:46 am
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.3049 had completed at 1.3362 already. Further decline could be expected in the coming days and next target would be...