EURUSD Daily Analysis – August 14, 2018

by ForexCycle.com | August 14, 2018 1:34 am
EURUSD remains in the downtrend from 1.1746, the bounce from 1.1365 is likely consolidation for the downtrend. Further decline is possible after the consolidation and a breakdown below 1.1365 support could take the price to 1.1300 area....

USDCAD Daily Analysis – August 13, 2018

by ForexCycle.com | August 13, 2018 1:59 am
USDCAD broke above 1.3119 resistance, suggesting that the upside movement from 1.2961 has resumed. Further rally is possible in a couple of days and next target would be at 1.3250 area. Support is at the bullish trend...

USDJPY Daily Analysis – August 13, 2018

by ForexCycle.com | August 13, 2018 1:59 am
USDJPY extended its downside movement from 112.15 to as low as 110.29. 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 next...

AUDUSD Daily Analysis – August 13, 2018

by ForexCycle.com | August 13, 2018 1:58 am
AUDUSD extended its downside movement from 0.7453 to as low as 0.7270. Further decline is still possible after a minor consolidation and next target would be at 0.7200 area. Resistance is at 0.7321, only a break of...

GBPUSD Daily Analysis – August 13, 2018

by ForexCycle.com | August 13, 2018 1:58 am
GBPUSD’s downside movement from 1.3213 extended to as low as 1.2722. Near term resistance is at 1.2860, as long as this level holds, the downside movement could be expected to continue and next target would be at...

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...