AUDUSD Daily Analysis – July 20, 2018

by ForexCycle.com | July 20, 2018 2:31 am
AUDUSD is facing 0.7310 support, a breakdown below this level could trigger further downside movement to 0.7200 area. Resistance is at 0.7380, only a break of this level could bring the price back to next resistance level...

GBPUSD Daily Analysis – July 20, 2018

by ForexCycle.com | July 20, 2018 2:30 am
GBPUSD’s downside movement from 1.3362 extended to as low as 1.2957. Further decline is still possible after a minor consolidation and next target would be at 1.2900 area. Resistance is at 1.3085, a break of this level...

EURUSD Daily Analysis – July 20, 2018

by ForexCycle.com | July 20, 2018 2:30 am
EURUSD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.1790. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...

USDCAD Daily Analysis – July 19, 2018

by ForexCycle.com | July 19, 2018 4:54 am
USDCAD extended its upside movement from 1.3063 to as high as 1.3259. Support is located at the bottom trend line of the price channel on the 4-hour chart. As long as the channel support holds, the upside...

USDJPY Daily Analysis – July 19, 2018

by ForexCycle.com | July 19, 2018 4:53 am
USDJPY remains in the uptrend from 109.36, the fall from 113.13 is likely consolidation for the uptrend. Near term support is at the bottom trend line of the price channel on the 4-hour chart. As long as...

AUDUSD Daily Analysis – July 19, 2018

by ForexCycle.com | July 19, 2018 4:53 am
AUDUSD failed to break below 0.7310 support and rebounded strongly from 0.7343, facing the resistance at 0.7442. A break of this level would confirm the downtrend from 0.7483 is complete, then the following upside movement could take...

GBPUSD Daily Analysis – July 19, 2018

by ForexCycle.com | July 19, 2018 4:52 am
GBPUSD extended its downside movement from 1.3362 to as low as 1.3009, breaking below 1.3049 support. Deeper decline is still possible after a minor consolidation and next target would be at 1.2950 area. Resistance is at 1.3140,...

EURUSD Daily Analysis – July 19, 2018

by ForexCycle.com | July 19, 2018 4:51 am
EURUSD broke below 1.1613 support, suggesting that the downtrend from 1.1790 has resumed. Further decline would likely be seen in the coming days and next target would be at 1.1550 area. Resistance is at 1.1690, only break...

USDCAD Daily Analysis – July 18, 2018

by ForexCycle.com | July 18, 2018 2:50 am
USDCAD is facing 1.3224 resistance, a breakout of this level could take the price to 1.3300 area. Support is at 1.3150, only a breakdown below this level could take the price to test 1.3063 support. Below here...

USDJPY Daily Analysis – July 18, 2018

by ForexCycle.com | July 18, 2018 2:50 am
USDJPY broke above 112.80 resistance and extended its upside movement from 109.36 to as high as 113.07. Further rise is still possible and next target would be at 113.50 area. Key support is at 112.19, only a...