AUDUSD Daily Analysis – April 2, 2018

by ForexCycle.com | April 2, 2018 3:52 am
AUDUSD remains in the downtrend from 0.7916, the bounce from 0.7642 could be treated as consolidation for the downtrend. Another fall could be expected after the consolidation and next target would be at 0.7600 area. Resistance is...

GBPUSD Daily Analysis – April 2, 2018

by ForexCycle.com | April 2, 2018 3:51 am
GBPUSD broke below the bottom of the price channel on the 4-hour chart and is now in the downtrend from 1.4244. Further decline could be expected in a couple of days and next target would be at...

EURUSD Daily Analysis – April 2, 2018

by ForexCycle.com | April 2, 2018 3:51 am
EURUSD remains in the short term downtrend from 1.2476. Further decline to test 1.2239 support would likely be seen. A breakdown below this level could take price to next support level at 1.2155. Resistance is at 1.2360,...

USDCAD Daily Analysis – March 30, 2018

by ForexCycle.com | March 30, 2018 3:26 am
USDCAD failed to break above 1.2948 resistance and stays in a trading range between 1.2814 and 1.2948. Another rise to test 1.2948 resistance is possible, a breakout of this level could bring price to 1.3000, followed by...

USDJPY Daily Analysis – March 30, 2018

by ForexCycle.com | March 30, 2018 3:26 am
USDJPY remains in the uptrend from 104.63, the fall from 107.01 could be treated as consolidation for the uptrend. Support is at 105.75, as long as this level holds, the uptrend could be expected to resume and...

AUDUSD Daily Analysis – March 30, 2018

by ForexCycle.com | March 30, 2018 3:25 am
AUDUSD remains in the downtrend from 0.7916, the rise from 0.7642 is likely consolidation for the downtrend. Further decline could be expected after the consolidation and a breakdown below 0.7642 support could take price to 0.7600 zone....

GBPUSD Daily Analysis – March 30, 2018

by ForexCycle.com | March 30, 2018 3:25 am
GBPUSD extended its downside movement from 1.4244 to as low as 1.4010. Further decline could be expected in a couple of days and next target would be at 1.3889 support. Near term resistance is at 1.4130, only...

EURUSD Daily Analysis – March 30, 2018

by ForexCycle.com | March 30, 2018 3:24 am
EURUSD extended its downside movement from 1.2476 to as low as 1.2283. Further decline to test 1.2239 support is possible after a minor consolidation and a breakdown below this level could trigger further downside movement towards 1.2155....

USDCAD Daily Analysis – March 29, 2018

by ForexCycle.com | March 29, 2018 2:00 am
USDCAD is facing 1.2948 resistance. A breakout of this level would indicate that the downtrend from 1.3124 had completed at 1.2814 already, then the following upside movement could take price to next resistance level at 1.3000, followed...

USDJPY Daily Analysis – March 29, 2018

by ForexCycle.com | March 29, 2018 2:00 am
USDJPY broke above the falling trend line on its 4-hour chart, suggesting that the short term downtrend from 107.29 had completed at 104.63 already. Further rally would likely be seen and next target would be at 107.29...