GBPUSD Daily Analysis – August 14, 2019

by ForexCycle.com | August 14, 2019 4:14 am
GBPUSD moved sideways in a trading range between 1.2014 and 1.2106. As long as 1.2106 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 14, 2019

by ForexCycle.com | August 14, 2019 4:13 am
EURUSD is facing 1.1162 support, a breakdown below this level would indicate that the upside movement from 1.1026 had completed at 1.1249 already, then the pair would find next support level at around 1.1100. Resistance is at...

USDCAD Daily Analysis – August 13, 2019

by ForexCycle.com | August 13, 2019 2:29 am
USDCAD failed to break below the rising trend line on the 4-hour chart and rebounded from 1.3195. However, another fall to test the trend line support is still possible, a breakdown below could take the price to...

USDJPY Daily Analysis – August 13, 2019

by ForexCycle.com | August 13, 2019 2:28 am
USDJPY’s downside movement from 109.31 extended to as low as 105.04. Further decline could be expected and next target would be at 104.50 area. Near term resistance is at 105.70, above this level could trigger another rise...

AUDUSD Daily Analysis – August 13, 2019

by ForexCycle.com | August 13, 2019 2:26 am
AUDUSD’s fall from 0.6821 extended to as low as 0.6744. However, the fall is likely corrective consolidation for the uptrend from 0.6677, another rise could be expected after the consolidation, a break of 0.6821 resistance could trigger...

GBPUSD Daily Analysis – August 13, 2019

by ForexCycle.com | August 13, 2019 2:26 am
GBPUSD’s downside movement from 1.2578 extended to as low as 1.2014. Further decline is still possible and next target would be at 1.1950 area. Near term resistance is at 1.2110, above this level could trigger another rise...

EURUSD Daily Analysis – August 13, 2019

by ForexCycle.com | August 13, 2019 2:25 am
EURUSD rebounded back into the trading range between 1.1167 and 1.1249 after touching 1.1167 support. Another rise to test 1.1249 resistance would likely be seen, a break of this level could signal resumption of the uptrend from...

USDCAD Daily Analysis – August 12, 2019

by ForexCycle.com | August 12, 2019 4:21 am
USDCAD is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.3344 could be treated as consolidation for the uptrend from 1.3015, another...

USDJPY Daily Analysis – August 12, 2019

by ForexCycle.com | August 12, 2019 4:21 am
USDJPY extended its downside movement from 109.31 to as low as 105.26. Further decline could be expected and next target would be at 105.00 area. Near term resistance is at 105.90, above this level could trigger another...

AUDUSD Daily Analysis – August 12, 2019

by ForexCycle.com | August 12, 2019 4:19 am
AUDUSD remains in the uptrend from 0.6677, the pullback from 0.6821 is likely consolidation for the uptrend, further rise could be expected after the consolidation and next target would be at 0.6867 resistance. Near term support is...