USDCAD Daily Analysis – November 17, 2017

by ForexCycle.com | November 17, 2017 2:02 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 take price to next support level at 1.2666. Below this level could trigger further...

USDJPY Daily Analysis – November 17, 2017

by ForexCycle.com | November 17, 2017 2:01 am
USDJPY stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 114.73. As long as the price is below the trend line, the rise from 112.47 could be treated as consolidation...

AUDUSD Daily Analysis – November 17, 2017

by ForexCycle.com | November 17, 2017 2:00 am
AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.7729. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...

GBPUSD Daily Analysis – November 17, 2017

by ForexCycle.com | November 17, 2017 1:59 am
GBPUSD is testing 1.3229 resistance, a breakout of this level could take price to the key resistance at 1.3337. As long as this level holds, the sideways movement in the trading range between 1.3027 and 1.3337 could...

EURUSD Daily Analysis – November 17, 2017

by ForexCycle.com | November 17, 2017 1:58 am
EURUSD remains in the short term uptrend from 1.1554, the fall from 1.1860 is likely consolidation of the uptrend. Near term support is at 1.1740, as long as the price is above this level, the uptrend could...

USDCAD Daily Analysis – November 16, 2017

by ForexCycle.com | November 16, 2017 1:45 am
USDCAD extended its short term uptrend from 1.2666 to as high as 1.2789, facing a resistance level at 1.2819. A breakout of this level could take price to next resistance level at 1.2916, followed by 1.3100. Near...

USDJPY Daily Analysis – November 16, 2017

by ForexCycle.com | November 16, 2017 1:41 am
USDJPY extended its downside movement from 114.73 to as low as 112.47 after breaking below 112.95 support. Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance...

AUDUSD Daily Analysis – November 16, 2017

by ForexCycle.com | November 16, 2017 1:39 am
AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.7729. As long as the price is below the trend line, the downtrend could be expected to continue and next...

GBPUSD Daily Analysis – November 16, 2017

by ForexCycle.com | November 16, 2017 1:38 am
GBPUSD is now facing 1.3229 resistance. A break above this level could take price to next resistance level at 1.3337. Above this level could trigger further upside move to 1.3470 area. However, as long as 1.3337 resistance...