GBPUSD Daily Analysis – September 19, 2018

by ForexCycle.com | September 19, 2018 1:58 am
GBPUSD’s upside movement from 1.2785 extended to as high as 1.3175. Near term support is at the bottom of the rising price channel on the 4-hour chart. As long as the channel support holds, the upside movement...

EURUSD Daily Analysis – September 19, 2018

by ForexCycle.com | September 19, 2018 1:58 am
EURUSD failed in its attempt to break above 1.1733 resistance once again. However, the pair stays above a rising trend line on its 4-hour chart, suggesting that it remains in the uptrend from 1.1526. As long as...

USDCAD Daily Analysis – September 18, 2018

by ForexCycle.com | September 18, 2018 4:23 am
USDCAD broke above the top trend line of the price channel on the 4-hour chart, suggesting that the downside movement from 1.3226 had completed at 1.2975 already. Further rally is possible in a couple of days and...

USDJPY Daily Analysis – September 18, 2018

by ForexCycle.com | September 18, 2018 4:20 am
USDJPY extended its upside movement to as high as 112.16. 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 a breakout of...

AUDUSD Daily Analysis – September 18, 2018

by ForexCycle.com | September 18, 2018 4:20 am
AUDUSD moved sideways in a trading range between 0.7141 and 0.7235. Near term support is at 0.7141, a breakdown below this level could trigger another fall towards 0.7100. Resistance is at 0.7235, a breakout of this level...

GBPUSD Daily Analysis – September 18, 2018

by ForexCycle.com | September 18, 2018 4:19 am
GBPUSD extended its upside movement from 1.2785 to as high as 1.3164. As long as the price is in the bullish price channel on the 4-hour chart, the upside movement could be expected to continue and next...

EURUSD Daily Analysis – September 18, 2018

by ForexCycle.com | September 18, 2018 4:18 am
EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.1526. Another rise to test 1.1733 resistance could be expected, a breakout of this level could take the price to...

USDCAD Daily Analysis – September 17, 2018

by ForexCycle.com | September 17, 2018 1:51 am
USDCAD is facing the resistance of the price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2975 could be treated as consolidation for the downtrend from 1.3226 and further decline...

USDJPY Daily Analysis – September 17, 2018

by ForexCycle.com | September 17, 2018 1:51 am
USDJPY stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 110.38. As long as the trend line support holds, the uptrend could be expected to continue and next target would...

AUDUSD Daily Analysis – September 17, 2018

by ForexCycle.com | September 17, 2018 1:50 am
AUDUSD failed to breakout of 0.7235 resistance and dropped sharply to 0.7140 area. Further decline to test 0.7085 support is possible in the coming days, a breakdown below this level could trigger further downside movement towards 0.7000....