USDCAD Daily Analysis – February 2, 2018

by ForexCycle.com | February 2, 2018 4:08 am
USDCAD remains in the downtrend from 1.2590. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2150...

USDJPY Daily Analysis – February 2, 2018

by ForexCycle.com | February 2, 2018 4:07 am
USDJPY is facing 109.77 resistance. A breakout of this level will suggest that the downside movement from 113.38 had completed at 108.28 already, then further rally towards 111.48 resistance could be seen. Near term support is at...

AUDUSD Daily Analysis – February 2, 2018

by ForexCycle.com | February 2, 2018 4:07 am
AUDUSD broke below the bullish trend line on the 4-hour chart. Deeper decline to test 0.7956 support is possible in the coming days. A breakdown below this level will confirm that the uptrend from 0.7501 (Dec 8,...

GBPUSD Daily Analysis – February 2, 2018

by ForexCycle.com | February 2, 2018 4:06 am
GBPUSD moved sideways in a trading range between 1.3979 and 1.4345. As long as 1.3979 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.3301 and a breakout of...

EURUSD Daily Analysis – February 2, 2018

by ForexCycle.com | February 2, 2018 4:05 am
EURUSD is facing 1.2537 resistance. A breakout of this level will indicate that the uptrend from 1.1717 (Dec 12, 2017 low) has resumed, then further rise towards 1.2700 is possible. Near term support is at 1.2440. A...

USDCAD Daily Analysis – February 1, 2018

by ForexCycle.com | February 1, 2018 2:11 am
USDCAD extended its downside movement from 1.2590 to as low as 1.2247. 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...

USDJPY Daily Analysis – February 1, 2018

by ForexCycle.com | February 1, 2018 2:10 am
USDJPY is forming a sideways consolidation in a trading range between 108.28 and 109.77. As long as 109.77 resistance holds, the downtrend could be expected to resume and another fall towards 107.31 is still possible after the...

AUDUSD Daily Analysis – February 1, 2018

by ForexCycle.com | February 1, 2018 2:09 am
AUDUSD is facing the support of the rising trend line on its 4-hour chart. As long as the trend line support holds, the fall from 0.8135 could be treated as consolidation of the uptrend from 0.7501 and...

GBPUSD Daily Analysis – February 1, 2018

by ForexCycle.com | February 1, 2018 2:09 am
GBPUSD remains in the uptrend from 1.3301, the fall from 1.4345 is likely consolidation of the uptrend. Another rise towards 1.4500 is still possible after the consolidation. Near term resistance is at 1.4345, a breakout of this...

EURUSD Daily Analysis – February 1, 2018

by ForexCycle.com | February 1, 2018 2:08 am
EURUSD moved sideways in a trading range between 1.2335 and 1.2537. The sideways movement is likely consolidation of the uptrend from 1.1717. Another rise could be expected after the consolidation and a breakout of 1.2537 resistance would...