EURUSD Daily Analysis – August 22, 2018

by ForexCycle.com | August 22, 2018 4:39 am
EURUSD’s upside movement from 1.1301 extended to as high as 1.1601. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target...

USDCAD Daily Analysis – August 21, 2018

by ForexCycle.com | August 21, 2018 1:59 am
USDCAD is now in downtrend from 1.3174. Further decline is still possible after a minor consolidation and next target would be at 1.2961 support. Near term resistance is at 1.3100, only a break of this level could...

USDJPY Daily Analysis – August 21, 2018

by ForexCycle.com | August 21, 2018 1:59 am
USDJPY broke below 110.10 support and extended its downside movement from 112.15 to as low as 109.77. Further decline is still possible in a couple of days and next target would be at 109.00 area. Near term...

AUDUSD Daily Analysis – August 21, 2018

by ForexCycle.com | August 21, 2018 1:58 am
AUDUSD’s upside movement from 0.7202 extended to as high as 0.7353. Further rise is still possible after a minor consolidation and next target would be at 0.7400 area. Support is at the bullish trend line on the...

GBPUSD Daily Analysis – August 21, 2018

by ForexCycle.com | August 21, 2018 1:58 am
GBPUSD is facing 1.2827 resistance, a break of this level would indicate that the downside movement from 1.3213 had completed at 1.26661 already, then the pair would find resistance at the falling trend line on the 4-hour...

EURUSD Daily Analysis – August 21, 2018

by ForexCycle.com | August 21, 2018 1:57 am
EURUSD extended its upside movement from 1.1301 to as high as 1.1542, facing the resistance at 1.1550. A break of this level could trigger further upside movement towards 1.1628 resistance. Support is located at the bullish trend...

USDCAD Daily Analysis – August 20, 2018

by ForexCycle.com | August 20, 2018 3:58 am
USDCAD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2961 had completed at 1.3174 already. Deeper decline is still possible and next target would be at 1.2961 support. Resistance...

USDJPY Daily Analysis – August 20, 2018

by ForexCycle.com | August 20, 2018 3:57 am
USDJPY continued its sideways movement in a trading range between 110.10 and 111.43. Support is at 110.10, a breakdown below this level could take the price to 109.00 area. Resistance is at 111.43, above this level would...

AUDUSD Daily Analysis – August 20, 2018

by ForexCycle.com | August 20, 2018 3:57 am
AUDUSD extended its upside movement from 0.7202 to as high as 0.7319. Further rally is still possible and next target would be at 0.7350 area. Near term support is at 0.7245, only a breakdown below this level...

GBPUSD Daily Analysis – August 20, 2018

by ForexCycle.com | August 20, 2018 3:56 am
GBPUSD moved sideways in a trading range between 1.2661 and 1.2827. As long as 1.2827 resistance holds, the sideways movement could be treated as consolidation of the downtrend and a breakdown below 1.2661 could trigger another fall...