EURUSD Daily Analysis – July 23, 2018

by ForexCycle.com | July 23, 2018 3:07 am
EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.1790 had completed at 1.1575 already. Further rise is still possible and next target would be at 1.1800 area. Support...

USDCAD Daily Analysis – July 20, 2018

by ForexCycle.com | July 20, 2018 2:32 am
USDCAD extended its upside movement from 1.3063 to as high as 1.3289. As long as the price is in the bullish price channel on the 4-hour chart, the upside movement could be expected to continue and next...

USDJPY Daily Analysis – July 20, 2018

by ForexCycle.com | July 20, 2018 2:31 am
USDJPY broke below 112.19 key support, suggesting that the upside movement from 109.36 has completed at 113.17 already. Further decline would likely be seen in the coming days and next target would be at 111.00 area. Resistance...

AUDUSD Daily Analysis – July 20, 2018

by ForexCycle.com | July 20, 2018 2:31 am
AUDUSD is facing 0.7310 support, a breakdown below this level could trigger further downside movement to 0.7200 area. Resistance is at 0.7380, only a break of this level could bring the price back to next resistance level...

GBPUSD Daily Analysis – July 20, 2018

by ForexCycle.com | July 20, 2018 2:30 am
GBPUSD’s downside movement from 1.3362 extended to as low as 1.2957. Further decline is still possible after a minor consolidation and next target would be at 1.2900 area. Resistance is at 1.3085, a break of this level...

EURUSD Daily Analysis – July 20, 2018

by ForexCycle.com | July 20, 2018 2:30 am
EURUSD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.1790. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...

USDCAD Daily Analysis – July 19, 2018

by ForexCycle.com | July 19, 2018 4:54 am
USDCAD extended its upside movement from 1.3063 to as high as 1.3259. Support is located at the bottom trend line of the price channel on the 4-hour chart. As long as the channel support holds, the upside...

USDJPY Daily Analysis – July 19, 2018

by ForexCycle.com | July 19, 2018 4:53 am
USDJPY remains in the uptrend from 109.36, the fall from 113.13 is likely consolidation for the uptrend. Near term support is at the bottom trend line of the price channel on the 4-hour chart. As long as...

AUDUSD Daily Analysis – July 19, 2018

by ForexCycle.com | July 19, 2018 4:53 am
AUDUSD failed to break below 0.7310 support and rebounded strongly from 0.7343, facing the resistance at 0.7442. A break of this level would confirm the downtrend from 0.7483 is complete, then the following upside movement could take...

GBPUSD Daily Analysis – July 19, 2018

by ForexCycle.com | July 19, 2018 4:52 am
GBPUSD extended its downside movement from 1.3362 to as low as 1.3009, breaking below 1.3049 support. Deeper decline is still possible after a minor consolidation and next target would be at 1.2950 area. Resistance is at 1.3140,...