EURUSD Daily Analysis – May 16, 2019

by ForexCycle.com | May 16, 2019 2:48 am
EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.1135 had completed at 1.1263 already. Further decline would likely be seen and next target would be at 1.1150 area....

USDCAD Daily Analysis – May 15, 2019

by ForexCycle.com | May 15, 2019 5:19 am
USDCAD moved sideways in a trading rang between 1.3376 and 1.3520 for several weeks. As long as 1.3376 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.3274, a...

USDJPY Daily Analysis – May 15, 2019

by ForexCycle.com | May 15, 2019 5:19 am
USDJPY remains in the downtrend from 112.40, the bounce from 109.01 is likely consolidation for the downtrend. As long as 110.04 resistance holds, the downside movement could be expected to continue and next target would be at...

AUDUSD Daily Analysis – May 15, 2019

by ForexCycle.com | May 15, 2019 5:18 am
AUDUSD extended its downside movement from 0.7205 to as low as 0.6921. Further decline is still possible and next target would be at 0.6900 area. Near term resistance is at 0.6960, a break of this level could...

GBPUSD Daily Analysis – May 15, 2019

by ForexCycle.com | May 15, 2019 5:17 am
GBPUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3176. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

EURUSD Daily Analysis – May 15, 2019

by ForexCycle.com | May 15, 2019 5:16 am
EURUSD is testing that support of the rising trend line on the 4-hour chart. A clear break below the trend line support would indicate that the upside movement from 1.1135 is complete, then the downside movement could...

USDCAD Daily Analysis – May 14, 2019

by ForexCycle.com | May 14, 2019 12:04 am
USDCAD continued its sideways movement in a trading range between 1.3376 and 1.3520. Another rise to test 1.3520 resistance could be expected, a break of this level could take the price to next resistance level at around...

USDJPY Daily Analysis – May 14, 2019

by ForexCycle.com | May 14, 2019 12:03 am
USDJPY extended its downside movement from 112.40 to as low as 109.01. Further decline is still possible after a minor consolidation and next target would be at 108.50 area. Resistance is at 110.04, only break above this...

AUDUSD Daily Analysis – May 14, 2019

by ForexCycle.com | May 14, 2019 12:02 am
AUDUSD is facing the support of the falling price channel on the 4-hour chart. Rebound could be expected in the coming days, a breakout of 0.6960 resistance could take the price to the top of the channel....

GBPUSD Daily Analysis – May 14, 2019

by ForexCycle.com | May 14, 2019 12:01 am
GBPUSD extended its downside movement from 1.3176 to as low as 1.2940. Further decline could be expected in a couple of days and next target would be at 1.2850 area. Resistance is at 1.3047, only break above...