AUDUSD Daily Analysis – June 13, 2018

by ForexCycle.com | June 13, 2018 1:46 am
AUDUSD is facing 0.7560 support. A breakdown below this level would suggest that the downside movement from 0.7676 has resumed, then the pair would find support at the bullish trend line the 4-hour chart. Near term resistance...

GBPUSD Daily Analysis – June 13, 2018

by ForexCycle.com | June 13, 2018 1:45 am
GBPUSD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.3472. Further decline would likely be seen and next target would be at 1.3250 area. On the upside a breakout...

EURUSD Daily Analysis – June 13, 2018

by ForexCycle.com | June 13, 2018 1:44 am
EURUSD broke below the bottom support trend line of the price channel on its 4-hour chart, suggesting that the upside movement from 1.1510 had completed at 1.1840 already. Further decline would likely be seen and next target...

USDCAD Daily Analysis – June 12, 2018

by ForexCycle.com | June 12, 2018 2:52 am
USDCAD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 1.2728. As long as the channel support holds, the upside movement could be expected to continue and next target would...

USDJPY Daily Analysis – June 12, 2018

by ForexCycle.com | June 12, 2018 2:51 am
USDJPY broke above 110.26 resistance, suggesting that the upside movement from 108.11 has resumed. Further rise would likely be seen and next target would be at 111.00 area. Near term support is at the bullish trend line...

AUDUSD Daily Analysis – June 12, 2018

by ForexCycle.com | June 12, 2018 2:51 am
AUDUSD’s fall from 0.7676 extended to as low as 0.7560. Further decline is still possible and next target would be at the rising trend line on the 4-hour chart. Resistance levels are at 1.7630 and 0.7676, only...

GBPUSD Daily Analysis – June 12, 2018

by ForexCycle.com | June 12, 2018 2:50 am
GBPUSD’s downside movement from 1.3472 extended to as low as 1.3344. Further decline could be expected in the coming days, and next target would be at 1.3250 area. Resistance is at the falling trend line on the...

EURUSD Daily Analysis – June 12, 2018

by ForexCycle.com | June 12, 2018 2:49 am
EURUSD is facing the support of the price channel on the 4-hour chart. As long as the channel support holds, the price action from 1.1840 could be treated as consolidation for the uptrend from 1.1510 and one...

USDCAD Daily Analysis – June 11, 2018

by ForexCycle.com | June 11, 2018 3:52 am
USDCAD remains in the uptrend from 1.2728. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3100...

USDJPY Daily Analysis – June 11, 2018

by ForexCycle.com | June 11, 2018 3:52 am
USDJPY broke below 109.37 support, indicating that the upside movement from 108.11 had completed at 110.26 already. Further decline could be expected and next target would be at 108.50 area. Resistance is at 110.26, only a breakout...