GBPUSD Daily Analysis – July 27, 2018

by ForexCycle.com | July 27, 2018 12:32 am
GBPUSD pulled back from 1.3213 after touching the falling trend line on the 4-hour chart, suggesting that lengthier consolidation for the upside movement from 1.2957 is needed. As long as 1.3070 support holds, the upside movement could...

EURUSD Daily Analysis – July 27, 2018

by ForexCycle.com | July 27, 2018 12:31 am
EURUSD failed to break above 1.1750 resistance and pulled back to 1.1638, breaking below 1.1655 support. Further decline to test 1.1575 support would likely be seen in the coming days and a breakdown below this level could...

USDCAD Daily Analysis – July 26, 2018

by ForexCycle.com | July 26, 2018 1:10 am
USDCAD extended its downside movement from 1.3289 to as low as 1.3024. Further decline could be expected after a minor consolidation and next target would be at 1.2900 area. Resistance is at 1.3120, only break above this...

USDJPY Daily Analysis – July 26, 2018

by ForexCycle.com | July 26, 2018 1:09 am
USDJPY broke below 110.75 support, suggesting that the downtrend from 113.17 has resumed. Further decline would likely be seen in the coming days and next target would be at 109.00 area. Resistance is at 111.20, only break...

AUDUSD Daily Analysis – July 26, 2018

by ForexCycle.com | July 26, 2018 1:09 am
AUDUSD broke above 0.7442 resistance and extended its upside movement from 0.7317 to as high as 0.7464. Further rise to test 0.7483 resistance could be expected and a break of this level could trigger further upside movement...

GBPUSD Daily Analysis – July 26, 2018

by ForexCycle.com | July 26, 2018 1:08 am
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3362 had completed at 1.2957 already. Further rally would likely be seen and next target would be at 1.3292 resistance,...

EURUSD Daily Analysis – July 26, 2018

by ForexCycle.com | July 26, 2018 1:08 am
EURUSD is facing 1.1750 resistance. A break of this level could signal resumption of the uptrend from 1.1575, then further rise towards 1.1850 could be seen. Support is at 1.1655, only a breakdown below this level could...

USDCAD Daily Analysis – July 25, 2018

by ForexCycle.com | July 25, 2018 2:41 am
USDCAD remains in the downtrend from 1.3289. Further decline would likely be seen after a corrective consolidation and next target would be at 1.2900 area. Resistance is at 1.3220, only a break of this level could trigger...

USDJPY Daily Analysis – July 25, 2018

by ForexCycle.com | July 25, 2018 2:40 am
USDJPY is in consolidation for the downtrend from 113.17. Range trading between 110.75 and 111.90 would likely be seen in a couple of days. As long as 111.90 resistance holds, the downside movement could be expected to...

AUDUSD Daily Analysis – July 25, 2018

by ForexCycle.com | July 25, 2018 2:40 am
AUDUSD pulled back to 0.7410 area after touching 0.7442 resistance. Another fall towards 0.7300 would likely be seen in the coming days. Only a clear break above 0.7442 resistance could trigger further upside movement towards 0.7550.