EURUSD Daily Analysis – May 24, 2018

by ForexCycle.com | May 24, 2018 3:11 am
EURUSD broke below 1.1716 support and extended its downside movement from 1.1996 to as low as 1.1675. Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance...

USDCAD Daily Analysis – May 23, 2018

by ForexCycle.com | May 23, 2018 2:53 am
USDCAD failed to break below 1.2728 support and stayed in the trading range between 1.2728 and 1.2924. Suggesting that lengthier consolidation for the downtrend from 1.2997 is needed. However, as long as 1.2924 resistance holds, the downtrend...

USDJPY Daily Analysis – May 23, 2018

by ForexCycle.com | May 23, 2018 2:53 am
USDJPY broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the short term uptrend from 108.64 had completed at 111.39 already. Deeper decline could be expected and next target...

AUDUSD Daily Analysis – May 23, 2018

by ForexCycle.com | May 23, 2018 2:52 am
AUDUSD is in the uptrend from 0.7412, the pullback from 0.7605 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be...

GBPUSD Daily Analysis – May 23, 2018

by ForexCycle.com | May 23, 2018 2:52 am
GBPUSD remains in the downtrend from 1.4376, the bounce from 1.3390 is likely consolidation of the downtrend. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be...

EURUSD Daily Analysis – May 23, 2018

by ForexCycle.com | May 23, 2018 2:51 am
EURUSD moved sideways in a trading range between 1.1716 and 1.1840. As long as 1.1840 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.1996 and another fall towards...

USDCAD Daily Analysis – May 22, 2018

by ForexCycle.com | May 22, 2018 2:40 am
USDCAD stays in a trading range between 1.2728 and 1.2924. As long as 1.2924 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.2997, and a breakdown below 1.2728...

USDJPY Daily Analysis – May 22, 2018

by ForexCycle.com | May 22, 2018 2:39 am
USDJPY remains in the uptrend from 108.64, the fall from 111.39 is likely consolidation for the uptrend. Support is located at the bottom trend line of the price channel on the 4-hour chart. As long as the...

AUDUSD Daily Analysis – May 22, 2018

by ForexCycle.com | May 22, 2018 2:39 am
AUDUSD broke above 0.7566 resistance, suggesting that the downside movement from 0.7813 had completed at 0.7412 already. Further rally could be expected in the coming days and next target would be at 0.7625, followed by 0.7700. Support...

GBPUSD Daily Analysis – May 22, 2018

by ForexCycle.com | May 22, 2018 2:38 am
GBPUSD extended its downside movement from 1.4376 to as low as 1.3390. Further decline is possible after a minor consolidation and next target would be at 1.3300 area. Near term resistance is at the falling trend line...