GBPUSD Daily Analysis – August 19, 2019

by ForexCycle.com | August 19, 2019 3:01 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, further decline to 1.1950 area is still...

EURUSD Daily Analysis – August 19, 2019

by ForexCycle.com | August 19, 2019 3:00 am
EURUSD extended its downside movement from 1.1249 to as low as 1.1066. Resistance is at 1.1120, as long as this level holds, the downside movement could be expected to continue and next target would be at 1.1026...

USDCAD Daily Analysis – August 15, 2019

by ForexCycle.com | August 15, 2019 2:50 am
USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3015. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDJPY Daily Analysis – August 15, 2019

by ForexCycle.com | August 15, 2019 2:49 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 15, 2019

by ForexCycle.com | August 15, 2019 2:48 am
AUDUSD remains in the uptrend from 0.6677, the fall from 0.6821 is likely corrective consolidation for the uptrend. Another rise could be expected after the consolidation, a breakout of 0.6821 resistance could take the price into 0.6900...

GBPUSD Daily Analysis – August 15, 2019

by ForexCycle.com | August 15, 2019 2:47 am
GBPUSD continued its sideways movement in a trading range between 1.2014 and 1.2106. The price action in the range is likely consolidation for the downtrend from 1.2578, further decline to 1.1950 area is still possible after the...

EURUSD Daily Analysis – August 15, 2019

by ForexCycle.com | August 15, 2019 2:46 am
EURUSD broke below 1.1162 support, suggesting that the upside movement from 1.1026 had completed at 1.1249 already. Deeper decline would likely be seen and next target would be at 1.1100 area. Resistance is at 1.1175, above this...

USDCAD Daily Analysis – August 14, 2019

by ForexCycle.com | August 14, 2019 4:16 am
USDCAD is facing the support of the rising trend line on the 4-hour chart, a clear break below the trend line support could signal completion of the uptrend from 1.3015, then deeper decline to 1.3050 area could...

USDJPY Daily Analysis – August 14, 2019

by ForexCycle.com | August 14, 2019 4:15 am
USDJPY is facing 107.08 resistance, a break of this level would confirm that the downside movement from 109.31 had completed at 105.04 already, then further rally to 108.00 area could be seen. On the downside, as long...

AUDUSD Daily Analysis – August 14, 2019

by ForexCycle.com | August 14, 2019 4:15 am
AUDUSD is facing 0.6821 resistance, a break of this level could signal resumption of the uptrend from 0.6677, then another rise towards 0.6900 could be seen. Support is at 0.6744, below this level could bring the price...