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Month: April 2018

USDCAD Daily Analysis – April 12, 2018

Posted on April 11, 2018 by forexcycle

USDCAD extended its downside movement from 1.2943 to as low as 1.2544. Further decline is still possible after a minor consolidation and next target would be at 1.2500, followed by 1.2350. Near term resistance is at 1.2625, a break above this level could bring price back towards the falling trend…
Source: USDCAD Daily Analysis – April 12, 2018

Posted in Forex AnalysisTagged Forex Analysis

USDJPY Daily Analysis – April 12, 2018

Posted on April 11, 2018 by forexcycle

USDJPY moved sideways in a trading range between 106.61 and 107.49. As long as 106.61 support holds, the price action in the range could be treated as consolidation for the uptrend from 104.63, and a breakout of 107.49 resistance could take price to next resistance level at 107.90. On the…
Source: USDJPY Daily Analysis – April 12, 2018

Posted in Forex AnalysisTagged Forex Analysis

AUDUSD Daily Analysis – April 12, 2018

Posted on April 11, 2018 by forexcycle

AUDUSD is now facing 0.7785 resistance. A breakout of this level could trigger further upside movement towards 0.7820, followed by 0.7860. Support is at 0.7725, only a breakdown below this level would indicate that the upside movement from 0.7642 is complete, then another fall towards 0.7650 could be seen.
Source: AUDUSD Daily Analysis – April 12, 2018

Posted in Forex AnalysisTagged Forex Analysis

GBPUSD Daily Analysis – April 12, 2018

Posted on April 11, 2018 by forexcycle

GBPUSD is facing 1.4244 resistance. A breakout of this level could trigger further upside movement towards 1.4350. Support is at 1.4100, a breakdown below this level would confirm that the uptrend is complete, then the following downside movement could bring price back towards 1.3900.
Source: GBPUSD Daily Analysis – April 12, 2018

Posted in Forex AnalysisTagged Forex Analysis

EURUSD Daily Analysis – April 12, 2018

Posted on April 11, 2018 by forexcycle

EURUSD remains in the uptrend from 1.2214, the fall from 1.2396 is likely consolidation for the uptrend. Range trading between 1.2300 and 1.2396 would likely be seen in a couple of days. As long as 1.2300 support holds, the uptrend could be expected to resume and another rise to 1.2500…
Source: EURUSD Daily Analysis – April 12, 2018

Posted in Forex AnalysisTagged Forex Analysis

USDCAD Daily Analysis – April 11, 2018

Posted on April 10, 2018 by forexcycle

USDCAD continued its downside movement from 1.2943 and the fall extended to as low as 1.2587. Further decline is still possible and next target would be at 1.2500, followed by 1.2350. The key resistance is located at the falling trend line on the 4-hour chart, only a clear break above…
Source: USDCAD Daily Analysis – April 11, 2018

Posted in Forex AnalysisTagged Forex Analysis

USDJPY Daily Analysis – April 11, 2018

Posted on April 10, 2018 by forexcycle

USDJPY remains in the uptrend from 104.63, the sideways movement in a trading range between 106.61 and 107.49 is likely consolidation for the uptrend. As long as 106.61 support holds, the uptrend could be expected to resume and a breakout of 107.49 resistance could take price to next resistance level…
Source: USDJPY Daily Analysis – April 11, 2018

Posted in Forex AnalysisTagged Forex Analysis

AUDUSD Daily Analysis – April 11, 2018

Posted on April 10, 2018 by forexcycle

AUDUSD extended its upside movement from 0.7642 to as high as 0.7769, facing the resistance at 0.7785. Support is at 0.7725, as long as this level holds, the upside move could be expected to continue. However, a breakdown below 0.7725 support would suggest that the uptrend is complete, then another…
Source: AUDUSD Daily Analysis – April 11, 2018

Posted in Forex AnalysisTagged Forex Analysis

GBPUSD Daily Analysis – April 11, 2018

Posted on April 10, 2018 by forexcycle

GBPUSD’s bounce from 1.3965 extended to as high as 1.4187. Further rise to test 1.4244 resistance is still possible. As long as this level holds, the bounce would possibly be correction of the downtrend from 1.4244, and a breakdown below 1.4100 support could bring price back towards 1.3900. On the…
Source: GBPUSD Daily Analysis – April 11, 2018

Posted in Forex AnalysisTagged Forex Analysis

EURUSD Daily Analysis – April 11, 2018

Posted on April 10, 2018 by forexcycle

EURUSD broke above the falling price channel on its 4-hour chart, suggesting that the downside movement from 1.2476 had completed at 1.2214 already. Further rally would likely be seen and next target would be at 1.2500 area. Support is at 1.2300, only a breakdown below this level could trigger another…
Source: EURUSD Daily Analysis – April 11, 2018

Posted in Forex AnalysisTagged Forex Analysis

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  • USDCAD Daily Analysis – December 13, 2019
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  • USDCAD Daily Analysis – December 12, 2019
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