EURUSD Daily Analysis – June 4, 2018

by ForexCycle.com | June 4, 2018 1:17 am
EURUSD’s downside movement from 1.1996 had completed at 1.1510 already. Further rise is possible in the coming days and next target would be at 1.1750, followed by 1.2000. Support levels are at 1.1600 and 1.1510, only break...

USDCAD Daily Analysis – June 1, 2018

by ForexCycle.com | June 1, 2018 2:38 am
USDCAD stays in a rising price channel on its 4-hour chart and remains in the uptrend from 1.2728. Further rise could be expected over the next several days and next target would be at 1.3100 area. The...

USDJPY Daily Analysis – June 1, 2018

by ForexCycle.com | June 1, 2018 2:37 am
USDJPY broke above the top trend line of the price channel on its 4-hour chart, suggesting that corrective consolidation for the downtrend from 111.39 is underway. Range trading between 108.11 and 110.00 could be expected in a...

AUDUSD Daily Analysis – June 1, 2018

by ForexCycle.com | June 1, 2018 2:37 am
AUDUSD is now facing 0.7605 resistance. A breakout of this level could take the price to 0.7650 area. Above here would aim 0.7700 area. Key support is now at 0.7476, only a breakdown below this level could...

GBPUSD Daily Analysis – June 1, 2018

by ForexCycle.com | June 1, 2018 2:36 am
GBPUSD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 1.3617 had completed at 1.3204 already. Further rally would likely be seen and the target would...

EURUSD Daily Analysis – June 1, 2018

by ForexCycle.com | June 1, 2018 2:35 am
EURUSD broke above the falling price channel on its 4-hour chart, suggesting that the downside movement from 1.1996 had completed at 1.1510 already. Further rally would likely be seen and next target would be at 1.1800 area....

USDCAD Daily Analysis – May 31, 2018

by ForexCycle.com | May 31, 2018 12:45 am
USDCAD broke below the bullish trend line on its 4-hour chart and dropped sharply to as low as 1.2835, suggesting that the upside movement from 1.2728 had completed at 1.3046 already. Further decline could be expected and...

USDJPY Daily Analysis – May 31, 2018

by ForexCycle.com | May 31, 2018 12:45 am
USDJPY stays in a falling price channel on its 4-hour chart and remains in the downtrend from 111.39. As long as the channel resistance holds, the bounce from 108.11 could be treated as consolidation for the downtrend...

AUDUSD Daily Analysis – May 31, 2018

by ForexCycle.com | May 31, 2018 12:44 am
After breaking below the bottom of the price channel on the 4-hour chart, AUDUSD rebounded strongly from 0.7476, suggesting that the pair remains in the uptrend from 0.7412. Further rise could be expected in the coming days...

GBPUSD Daily Analysis – May 31, 2018

by ForexCycle.com | May 31, 2018 12:43 am
GBPUSD stays in the falling price channel on its 4-hour chart and remains in the downtrend from 1.3617. As long as the channel resistance holds, the bounce from 1.3204 could be treated as consolidation for the downtrend...