GBPUSD Daily Analysis – August 21, 2019

by ForexCycle.com | August 21, 2019 3:41 am
GBPUSD moved sideways in a trading range between 1.2014 and 1.2249. As long as 1.2249 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.2578, one more fall towards 1.1950 is still...

EURUSD Daily Analysis – August 21, 2019

by ForexCycle.com | August 21, 2019 3:40 am
EURUSD stays in a trading range between 1.1065 and 1.1113. The price action in the range is likely consolidation for the downtrend from 1.1249, further decline towards 1.1026 support is still possible. On the upside, a breakout...

USDCAD Daily Analysis – August 20, 2019

by ForexCycle.com | August 20, 2019 4:24 am
USDCAD is facing 1.3344 resistance once again, a break of this level could signal resumption of the uptrend from 1.3015, then further rise to 1.3400 area could be seen. Near term support is at 1.3300, below this...

USDJPY Daily Analysis – August 20, 2019

by ForexCycle.com | August 20, 2019 4:23 am
USDJPY stays above a rising trend line on the 4-hour chart and remains in the short term uptrend from 105.65. As long as the trend line support holds, the upside move could be expected to continue and...

AUDUSD Daily Analysis – August 20, 2019

by ForexCycle.com | August 20, 2019 4:22 am
AUDUSD continued its sideways movement in a trading range between 0.6735 and 0.6821. The sideways movement is likely consolidation for the uptrend from 0.6677, as long as 0.6735 support holds, the uptrend could be expected to resume,...

GBPUSD Daily Analysis – August 20, 2019

by ForexCycle.com | August 20, 2019 4:22 am
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the short term uptrend from 1.2014. As long as the channel support holds, the upside movement could be expected to continue and next...

EURUSD Daily Analysis – August 20, 2019

by ForexCycle.com | August 20, 2019 4:21 am
EURUSD moved sideways in a trading range between 1.1066 and 1.1113. As long as 1.1113 resistance holds, the sideways move could be treated as consolidation for the downtrend from 1.1249, deeper decline towards 1.1026 support is still...

USDCAD Daily Analysis – August 19, 2019

by ForexCycle.com | August 19, 2019 3:03 am
USDCAD failed to break above 1.3344 resistance and pulled back to 1.3260 area. Deeper decline towards the rising trend line on the 4-hour chart would likely be seen, a breakdown below could trigger further downside move to...

USDJPY Daily Analysis – August 19, 2019

by ForexCycle.com | August 19, 2019 3:02 am
USDJPY failed to break above 107.08 resistance and stays in a trading range between 105.04 and 107.08. As long as 107.08 resistance holds, the price action in the range could be treated as consolidation for the downtrend...

AUDUSD Daily Analysis – August 19, 2019

by ForexCycle.com | August 19, 2019 3:02 am
AUDUSD stays in a trading range between 0.6735 and 0.6821. As long as 0.6735 support holds, the price action in the trading range could be treated as consolidation for the uptrend from 0.6677, further rise to 0.6900...