EURUSD Daily Analysis – June 21, 2018

by ForexCycle.com | June 21, 2018 3:08 am
EURUSD moved sideways above 1.1510 support. The sideways movement is likely consolidation for the downtrend from 1.1851. A breakdown below this support level could trigger further downside movement towards 1.3000. Resistance is at 1.1670, only a breakout...

USDCAD Daily Analysis – June 20, 2018

by ForexCycle.com | June 20, 2018 3:18 am
USDCAD extended its upside movement from 1.2856 to as high as 1.3292. Further rise is still possible after a minor consolidation and next target would be at 1.3400 area. Support is at 1.3158, only a breakdown below...

USDJPY Daily Analysis – June 20, 2018

by ForexCycle.com | June 20, 2018 3:17 am
USDJPY broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the upside movement from 108.11 had completed at 110.90 already. Another fall could be expected and next target would...

AUDUSD Daily Analysis – June 20, 2018

by ForexCycle.com | June 20, 2018 3:17 am
AUDUSD remains in the downtrend from 0.7676, the bounce from 0.7347 is likely consolidation for the downtrend. Resistance is now at 0.7440, only a breakout of this level could signal completion of the downtrend.

GBPUSD Daily Analysis – June 20, 2018

by ForexCycle.com | June 20, 2018 3:16 am
GBPUSD broke below 1.3204 support and extended its downside movement from 1.3472 to as low as 1.3150. Further decline could be expected and next target would be at 1.3000 area. Resistance is now at 1.3298, as long...

EURUSD Daily Analysis – June 20, 2018

by ForexCycle.com | June 20, 2018 3:15 am
EURUSD extended its downside movement from 1.1851 to as low as 1.1530. Another fall to test 1.1510 support is possible after a minor consolidation and a breakdown below this level could trigger further downside movement to 1.3000...

USDCAD Daily Analysis – June 19, 2018

by ForexCycle.com | June 19, 2018 2:19 am
USDCAD continued its upside movement from 1.2728 to as high as 1.3236. Further rise is still possible after a minor consolidation and next target would be at 1.3300 area. Near term support is at 1.3110, only a...

USDJPY Daily Analysis – June 19, 2018

by ForexCycle.com | June 19, 2018 2:19 am
USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 108.11. As long as the channel support holds, the upside movement could be expected to continue and next target would...

AUDUSD Daily Analysis – June 19, 2018

by ForexCycle.com | June 19, 2018 2:18 am
AUDUSD broke below 0.7412 support. Resistance is at 0.7480, as long as this level holds, the downtrend from 0.7676 could be expected to continue and further decline towards 0.7300 is possible. Only a breakout of 0.7480 resistance...

GBPUSD Daily Analysis – June 19, 2018

by ForexCycle.com | June 19, 2018 2:17 am
GBPUSD is testing 1.3204 support. A breakdown below this level would indicate that the downtrend from 1.4376 (Apr 17 high) has resumed, then further decline towards 1.3000 could be seen. Resistance is at 1.3320, only a breakout...