USDCAD Daily Analysis – January 17, 2018

by ForexCycle.com | January 17, 2018 4:08 am
USDCAD is in consolidation of the downtrend from 1.2920. Range trading between 1.2355 and 1.2590 would likely be seen over the next several days. As long as 1.2590 resistance holds, the downtrend could be expected to resume...

USDJPY Daily Analysis – January 17, 2018

by ForexCycle.com | January 17, 2018 4:07 am
USDJPY extended its downside movement from 113.38 to as low as 110.19. As long as the price is below the falling trend line on the 4-hour chart, the downtrend could be expected to continue and next target...

AUDUSD Daily Analysis – January 17, 2018

by ForexCycle.com | January 17, 2018 4:07 am
AUDUSD stays in a bullish price channel on its 4-hour chart and remains in uptrend from 0.7501. The price just bounced off the upper trend line of the channel, a breakdown below 0.7936 support will indicate that...

GBPUSD Daily Analysis – January 17, 2018

by ForexCycle.com | January 17, 2018 4:06 am
GBPUSD’s upside movement from 1.3458 extended to as high as 1.3836. Further rise is still possible after a minor consolidation and next target would be at 1.4000 area. Near term support is at 1.3741, only a breakdown...

EURUSD Daily Analysis – January 17, 2018

by ForexCycle.com | January 17, 2018 4:06 am
EURUSD extended its upside movement from 1.1915 to as high as 1.2323. Near term support is at 1.2195. As long as the price is above this level, the upside movement could be expected to continue and next...

USDCAD Daily Analysis – January 15, 2018

by ForexCycle.com | January 15, 2018 2:45 am
USDCAD remains in the downtrend from 1.2920, the bounce from 1.2355 is likely consolidation of the downtrend. Range trading between 1.2355 and 1.2590 would likely be seen in a couple of days. Further decline could be expected...

USDJPY Daily Analysis – January 15, 2018

by ForexCycle.com | January 15, 2018 2:44 am
USDJPY broke below 110.84 support and extended its downside movement from 113.38 to as low as 110.62. Further decline would likely be seen after a minor consolidation and next target would be at 109.50 area. Near term...

AUDUSD Daily Analysis – January 15, 2018

by ForexCycle.com | January 15, 2018 2:43 am
AUDUSD extended its upside movement from 0.7501 to as high as 0.7939. Support levels are at 0.7845 and 0.7807. As long as these levels hold, the upside movement could be expected to continue and next target would...

GBPUSD Daily Analysis – January 15, 2018

by ForexCycle.com | January 15, 2018 2:43 am
GBPUSD broke above 1.3612 resistance and extended its upside movement to as high as 1.3748. Further rise is still possible in a couple of days and next target would be at 1.4000 area. Near term support is...

EURUSD Daily Analysis – January 15, 2018

by ForexCycle.com | January 15, 2018 2:42 am
EURUSD bounce strongly to as high as 1.2218, suggesting that the uptrend from 1.1717 has resumed. Further rise could be expected after a minor consolidation and next target would be at 1.2400 area. Near term support is...