AUDUSD Daily Analysis – October 4, 2018

by ForexCycle.com | October 4, 2018 2:01 am
AUDUSD is facing 0.7085 support, a breakdown below this level could trigger further downside movement towards 0.7000. Near term resistance is at 0.7130, only a break of this level could bring the price back towards the falling...

GBPUSD Daily Analysis – October 4, 2018

by ForexCycle.com | October 4, 2018 2:01 am
GBPUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3298. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

EURUSD Daily Analysis – October 4, 2018

by ForexCycle.com | October 4, 2018 2:00 am
EURUSD continued its downside movement from 1.1815 and the fall extended to as low as 1.1464. Further decline could be expected and next target would be at 1.1400 area. Key resistance is at 1.1593, only a break...

USDCAD Daily Analysis – October 3, 2018

by ForexCycle.com | October 3, 2018 4:43 am
USDCAD remains in the downtrend from 1.3081, the bounce from 1.2782 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 1.2700 area. Resistance is at 1.2870,...

USDJPY Daily Analysis – October 3, 2018

by ForexCycle.com | October 3, 2018 4:43 am
USDJPY stays above the bullish trend line on the 4-hour chart and remains in the uptrend from 110.38. As long as the price is above the trend line, the pullback from 114.06 could be treated as consolidation...

AUDUSD Daily Analysis – October 3, 2018

by ForexCycle.com | October 3, 2018 4:42 am
AUDUSD extended its downside movement from 0.7314 to as low as 0.7162. Resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downside movement could be expected...

GBPUSD Daily Analysis – October 3, 2018

by ForexCycle.com | October 3, 2018 4:42 am
GBPUSD continued its downside movement from 1.3298 and the fall extended to as low as 1.2940. Further decline is still possible and next target would be at 1.2800 area. Resistance is located at the falling trend line...

EURUSD Daily Analysis – October 3, 2018

by ForexCycle.com | October 3, 2018 4:41 am
EURUSD extended its downside movement from 1.1815 to as low as 1.1505, breaking below 1.1526 support. Further decline is still possible and next target would be at 1.1450 area. Resistance is at 1.1630, a breakout of this...

USDCAD Daily Analysis – October 2, 2018

by ForexCycle.com | October 2, 2018 2:05 am
USDCAD extended its downside movement from 1.3081 to as low as 1.2782. Further decline is still possible after a minor consolidation and next target would be at 1.2700 area. Resistance is at 1.2870, only a break of...