EURUSD Daily Analysis – April 25, 2018

by ForexCycle.com | April 25, 2018 2:44 am
EURUSD extended its downside movement from 1.2413 to as low as 1.2181, breaking below 1.2214 support. Further decline is still possible after a minor consolidation and next target would be at 1.2150 area. Below here would aim...

USDCAD Daily Analysis – April 23, 2018

by ForexCycle.com | April 23, 2018 2:52 am
USDCAD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 1.3124 had completed at 1.2526 already. Further rally would likely be seen after a minor consolidation...

USDJPY Daily Analysis – April 23, 2018

by ForexCycle.com | April 23, 2018 2:52 am
USDJPY is facing 107.90 resistance again. A breakout of this level could trigger further upside movement towards 109.00. The key support is now at 106.88, only a breakdown below this level would suggest that the upside movement...

AUDUSD Daily Analysis – April 23, 2018

by ForexCycle.com | April 23, 2018 2:51 am
AUDUSD’s downside movement from 0.7813 extended to as low as 0.7655, facing the support level at 0.7642. A breakdown below this level could take the price to 0.7500 area. Resistance is at 0.7700, as long as this...

GBPUSD Daily Analysis – April 23, 2018

by ForexCycle.com | April 23, 2018 2:42 am
GBPUSD extended its downside movement from 1.4376 to as low as 1.3990, facing the support level at 1.3965. A breakdown below this level could trigger further downside movement towards 1.3800. Resistance is at 1.4090, only break above...

EURUSD Daily Analysis – April 23, 2018

by ForexCycle.com | April 23, 2018 2:41 am
EURUSD broke below 1.2300 support, indicating that the upside movement from 1.2214 had completed at 1.2413 already. Deeper decline to test 1.2214 support is possible, a breakdown below this level would aim 1.2150 area. Resistance is at...

USDCAD Daily Analysis – April 20, 2018

by ForexCycle.com | April 20, 2018 3:56 am
USDCAD’s bounce from 1.2526 extended to as high as 1.2675, facing the resistance of the top trend line of the price channel on the 4-hour chart. A clear break above the channel resistance would indicate that the...

USDJPY Daily Analysis – April 20, 2018

by ForexCycle.com | April 20, 2018 3:56 am
USDJPY is facing 107.78 resistance, a breakout of this level could signal resumption of the uptrend from 104.63, then next target would be at 109.00 area. Key support is at 106.61, only a breakdown below this level...

AUDUSD Daily Analysis – April 20, 2018

by ForexCycle.com | April 20, 2018 3:55 am
AUDUSD broke below 0.7738 key support, suggesting that the upside movement from 0.7642 had completed at 0.7813 already. Further decline could be expected after a minor consolidation and next target would be at 0.7650 area. Resistance levels...

GBPUSD Daily Analysis – April 20, 2018

by ForexCycle.com | April 20, 2018 3:55 am
GBPUSD dropped sharply from 1.4376 to as low as 1.4068. Deeper decline is possible and next target would be at the bottom of the price channel on the 4-hour chart. A breakdown below the channel support would...