EURUSD Daily Analysis – May 2, 2018

by ForexCycle.com | May 2, 2018 2:03 am
EURUSD’s downside movement from 1.2413 extended to as low as 1.1981. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target...

USDCAD Daily Analysis – May 1, 2018

by ForexCycle.com | May 1, 2018 2:02 am
USDCAD broke below 1.2812 support, suggesting that the upside movement from 1.2526 had completed at 1.2899 already. Deeper decline would likely be seen over the next several days and the target would be at 1.2600 area. Resistance...

USDJPY Daily Analysis – May 1, 2018

by ForexCycle.com | May 1, 2018 2:01 am
USDJPY’s upside movement from 104.63 extended to as high as 109.53. Further rise is still possible after a minor consolidation and next target would be at 110.50 area. Support levels are at 108.95 and 108.54, only break...

AUDUSD Daily Analysis – May 1, 2018

by ForexCycle.com | May 1, 2018 2:00 am
AUDUSD extended its downside movement from 0.7813 to as low as 0.7525. As long as 0.7588 resistance holds, the downtrend could be expected to continue and next target would be at 0.7500, followed by 0.7350. Only a...

GBPUSD Daily Analysis – May 1, 2018

by ForexCycle.com | May 1, 2018 2:00 am
GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4376. As long as the price is below the trend line, the downside movement could be expected to continue and...

EURUSD Daily Analysis – May 1, 2018

by ForexCycle.com | May 1, 2018 1:59 am
EURUSD failed to break above the falling trend line on its 4-hour chart, suggesting that the pair remains in the downtrend from 1.2413. As long as the trend line resistance holds, the downtrend could be expected to...

USDCAD Daily Analysis – April 27, 2018

by ForexCycle.com | April 27, 2018 12:57 am
USDCAD moved sideways in a trading range between 1.2812 and 1.2897. As long as this level holds, the uptrend could be expected to continue and next target would be at 1.3000 area. Key support is at 1.2812,...

USDJPY Daily Analysis – April 27, 2018

by ForexCycle.com | April 27, 2018 12:57 am
USDJPY remains in the uptrend from 106.88, the fall from 109.47 is likely consolidation of the uptrend. Key support is at 108.54, as long as this level holds, the uptrend could be expected to continue and next...

AUDUSD Daily Analysis – April 27, 2018

by ForexCycle.com | April 27, 2018 12:56 am
AUDUSD’s downside movement from 0.7813 extended to as low as 0.7546. Further decline is still possible after a minor consolidation and next target would be at 0.7500 area. Key resistance is at 0.7620, only a breakout of...

GBPUSD Daily Analysis – April 27, 2018

by ForexCycle.com | April 27, 2018 12:56 am
GBPUSD remains in the downtrend from 1.4376. As long as 1.4000 resistance holds, the downside movement could be expected to continue and next target would be at 1.3800 area. Key resistance is at 1.4030, only a breakout...