GBPUSD Daily Analysis – June 24, 2019

by ForexCycle.com | June 24, 2019 4:41 am
GBPUSD is facing 1.2762 resistance. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue, a breakout of 1.2762 resistance could take the price...

EURUSD Daily Analysis – June 24, 2019

by ForexCycle.com | June 24, 2019 4:40 am
EURUSD extended its upside movement from 1.1181 to as high as 1.1386, breaking above 1.1347 resistance. As long as price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to...

USDCAD Weekly Analysis – June 23, 2019

by ForexCycle.com | June 23, 2019 2:29 pm
USDCAD’s downside movement from 1.3564 extended to as low as 1.3150. Further decline is still possible in a couple of weeks and next target would be at 1.3000 area. Resistance is at the falling trend line on...

USDJPY Weekly Analysis – June 23, 2019

by ForexCycle.com | June 23, 2019 2:28 pm
USDJPY stays below a falling trend line on the daily chart and remains in the downtrend from 112.40. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...

AUDUSD Weekly Analysis – June 23, 2019

by ForexCycle.com | June 23, 2019 2:27 pm
AUDUSD extended its downside movement from 0.7205 to as low as 0.6831. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next...

GBPUSD Weekly Analysis – June 23, 2019

by ForexCycle.com | June 23, 2019 2:26 pm
GBPUSD is facing 1.2762 resistance, a breakout of this level could trigger further upside movement towards the falling trend line on the daily chart. However, as long as 1.2762 resistance holds, the bounce from 1.2505 could be...

EURUSD Weekly Analysis – June 23, 2019

by ForexCycle.com | June 23, 2019 2:25 pm
EURUSD broke above 1.1347 resistance, suggesting that the downtrend from 1.1570 had completed at 1.1106 already. Further rally could be expected in the coming days and next target would be at 1.1550 area. Support is at the...

USDCAD Daily Analysis – June 21, 2019

by ForexCycle.com | June 21, 2019 3:17 am
USDCAD’s downside movement from 1.3432 extended to as low as 1.3150. Further decline is still possible after a minor consolidation and next target would be at 1.3100 area. Resistance is at 1.3220, only break above this level...

USDJPY Daily Analysis – June 21, 2019

by ForexCycle.com | June 21, 2019 3:16 am
USDJPY extended its downside movement from 108.80 to as low as 107.12. Further decline is still possible after a minor consolidation and next target would be at 106.50 area. Resistance is at 107.50, a break of this...

AUDUSD Daily Analysis – June 21, 2019

by ForexCycle.com | June 21, 2019 3:15 am
AUDUSD extended its upside movement from 0.6831 to as high as 0.6937. Further rise is still possible in a couple of days and next target would be at 0.6970 area. Support is at 0.6910, a breakdown below...