USDJPY Weekly Analysis – February 2, 2019

by ForexCycle.com | February 2, 2019 2:50 pm
USDJPY remains in the uptrend from 105.05, the pullback from 109.99 is likely consolidation for the uptrend. Further rise is still possible next week and a break of 109.99 resistance could trigger another bullish move towards 112.00....

AUDUSD Weekly Analysis – February 2, 2019

by ForexCycle.com | February 2, 2019 2:49 pm
AUDUSD broke above 0.7235 resistance, suggesting that the upside movement from 0.6765 has resumed. Further rise would likely be seen in the coming days and next target would be at 0.7400 area. The key support is at...

GBPUSD Weekly Analysis – February 2, 2019

by ForexCycle.com | February 2, 2019 2:48 pm
GBPUSD’s upside movement from 1.2396 extended to as high as 1.3217. Support is at 1.2940, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.3500 area....

EURUSD Weekly Analysis – February 2, 2019

by ForexCycle.com | February 2, 2019 2:47 pm
EURUSD failed to break below 1.1215 support and continued its sideways movement in a trading range between 1.1215 and 1.1570. Another rise to test 1.1570 resistance could be expected next week, above this level could trigger further...

USDCAD Daily Analysis – February 1, 2019

by ForexCycle.com | February 1, 2019 3:30 am
USDCAD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3374. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

USDJPY Daily Analysis – February 1, 2019

by ForexCycle.com | February 1, 2019 3:29 am
USDJPY extended its downside movement from 109.99 to as low as 108.49. Further decline is still possible and next target would be at 108.00 area. Resistance is at the falling trend line on the 4-hour chart, only...

AUDUSD Daily Analysis – February 1, 2019

by ForexCycle.com | February 1, 2019 3:28 am
AUDUSD remains in the uptrend from 0.7075, the pullback from 0.7295 is likely consolidation for the uptrend. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be...

GBPUSD Daily Analysis – February 1, 2019

by ForexCycle.com | February 1, 2019 3:27 am
GBPUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2396. As long as the trend line support holds, the fall from 1.3217 could be treated as consolidation for the...

EURUSD Daily Analysis – February 1, 2019

by ForexCycle.com | February 1, 2019 3:27 am
EURUSD remains in the uptrend from 1.1289, the pullback from 1.1514 is likely consolidation for the uptrend. As long as 1.1406 support holds, the upside movement could be expected to resume, a breakout of 1.1514 resistance could...