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...

GBPUSD Daily Analysis – August 3, 2018

by ForexCycle.com | August 3, 2018 2:18 am
GBPUSD broke below 1.3070 support and extended its downside movement from 1.3213 to as low as 1.3007. Further decline could be expected and next target would be at 1.2950 area. Resistance is at 1.3070, only break above...

EURUSD Daily Analysis – August 3, 2018

by ForexCycle.com | August 3, 2018 2:18 am
EURUSD broke below the bottom support trend line of the triangle pattern on the 4-hour chart. Further decline would likely be seen in the coming days and next target would be at 1.1500 area. Resistance is at...

USDCAD Daily Analysis – August 2, 2018

by ForexCycle.com | August 2, 2018 3:52 am
USDCAD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.3289. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

USDJPY Daily Analysis – August 2, 2018

by ForexCycle.com | August 2, 2018 3:51 am
USDJPY’s upside movement from 110.58 extended to as high as 112.15. Further rise is still possible and next target would be at 112.40 area. Support is at 111.25, only break below this level could bring the price...

AUDUSD Daily Analysis – August 2, 2018

by ForexCycle.com | August 2, 2018 3:50 am
AUDUSD moved sideways in a trading range between 0.7310 and 0.7483. Another fall towards 0.7330 would likely be seen in the coming days. Resistance is at the falling trend line on the 4-hour chart, a clear break...

GBPUSD Daily Analysis – August 2, 2018

by ForexCycle.com | August 2, 2018 3:50 am
GBPUSD continued its sideways movement in a trading range between 1.3070 and 1.3213. Key support is at 1.3070, as long as this level holds, the sideways movement could be treated as consolidation for the uptrend from 1.2957...