USDCAD Daily Analysis – January 19, 2018

by ForexCycle.com | January 19, 2018 4:36 am
USDCAD is in consolidation of the downtrend from 1.2920. Range trading between 1.2355 and 1.2590 could be expected to continue over the next several days. Near term support is at 1.2355, a breakdown below this level will...

USDJPY Daily Analysis – January 19, 2018

by ForexCycle.com | January 19, 2018 4:35 am
USDJPY remains in downside trend from 113.75, the bounce from 110.19 is likely consolidation of the downtrend. Another fall could be expected after the consolidation and a breakdown below 110.19 could take price to next support level...

AUDUSD Daily Analysis – January 19, 2018

by ForexCycle.com | January 19, 2018 4:34 am
AUDUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 0.7501. As long as the price is above the trend line, the upside movement could be expected to continue and...

GBPUSD Daily Analysis – January 19, 2018

by ForexCycle.com | January 19, 2018 4:34 am
GBPUSD remains in the uptrend from 1.3458. As long as 1.3741 support holds, the upside movement could be expected to continue and next target would be at 1.4200 area. On the downside, a breakdown below 1.3741 support...

EURUSD Daily Analysis – January 19, 2018

by ForexCycle.com | January 19, 2018 4:33 am
EURUSD remains in the uptrend from 1.1717, the fall from 1.2323 is likely consolidation of the uptrend. Range trading between 1.2070 and 1.2323 is possible over the next several days. The uptrend could be expected to resume...

USDCAD Daily Analysis – January 18, 2018

by ForexCycle.com | January 18, 2018 3:04 am
USDCAD failed to break below 1.2355 support and stays in the trading range between 1.2355 and 1.2590, suggesting that lengthier consolidation for the downtrend from 1.2920 is needed. Sideways movement would likely be seen over the next...

USDJPY Daily Analysis – January 18, 2018

by ForexCycle.com | January 18, 2018 3:03 am
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the short term downtrend from 113.38 had completed at 110.19 already. Further rise would likely be seen and next target would be at 111.87...

AUDUSD Daily Analysis – January 18, 2018

by ForexCycle.com | January 18, 2018 3:02 am
AUDUSD extended its upside movement from 0.7501 to as high as 0.8022. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next...

GBPUSD Daily Analysis – January 18, 2018

by ForexCycle.com | January 18, 2018 3:02 am
GBPUSD extended its short term uptrend from 1.3458 to as high as 1.3942. As long as 1.3741 support holds, the uptrend could be expected to continue and next target would be at 1.4200 area. Near term resistance...

EURUSD Daily Analysis – January 18, 2018

by ForexCycle.com | January 18, 2018 3:01 am
EURUSD broke below 1.2195 support, indicating that the short term uptrend from 1.1915 had completed at 1.2323 already. Deeper decline to 1.2100 area would likely be seen in the coming days. Below this level would aim the...