USDCAD Daily Analysis – December 13, 2017

by ForexCycle.com | December 13, 2017 3:52 am
USDCAD extended its upside movement from 1.2623 to as high as 1.2892. Near term support is at 1.2804. As long as the price is above this level, the upside movement could be expected to continue and further...

USDJPY Daily Analysis – December 13, 2017

by ForexCycle.com | December 13, 2017 3:51 am
USDJPY is facing 113.91 resistance. A break of this level could take price to next resistance level at 114.73. Near term support is at 113.13. A breakdown below this level could bring price back towards the rising...

AUDUSD Daily Analysis – December 13, 2017

by ForexCycle.com | December 13, 2017 3:50 am
AUDUSD broke above 0.7545 resistance, suggesting that the short term downtrend from 0.7653 had completed at 0.7501 already. Further rally would likely be seen in the coming days and next target would be at 0.7653 resistance. Near...

GBPUSD Daily Analysis – December 13, 2017

by ForexCycle.com | December 13, 2017 3:50 am
GBPUSD broke below 1.3319 support, suggesting that the uptrend from 1.3039 had completed at 1.3549 already. Further decline would likely be seen in the coming days and next target would be at 1.3220. A breakdown below this...

EURUSD Daily Analysis – December 13, 2017

by ForexCycle.com | December 13, 2017 3:49 am
EURUSD’s downtrend from 1.1961 extended to as low as 1.1717, facing the support level at 1.1712. Near term resistance is at 1.1814. As long as this level holds, the downside movement could be expected to continue and...

USDCAD Daily Analysis – December 11, 2017

by ForexCycle.com | December 11, 2017 1:03 am
USDCAD continued its upside movement from 1.2623 and the rise extended to as high as 1.2879. Further rise to test 1.2916 resistance is possible in the coming days. A breakout of this level could signal resumption of...

USDJPY Daily Analysis – December 11, 2017

by ForexCycle.com | December 11, 2017 1:02 am
USDJPY extended its upside movement from 110.84 to as high as 113.63. As long as the pair is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and further...

AUDUSD Daily Analysis – December 11, 2017

by ForexCycle.com | December 11, 2017 1:01 am
AUDUSD remains in the downtrend from 0.7653. Further decline would likely be seen after a minor consolidation and next target would be at 0.7475 area. A breakdown below this level could trigger further downside movement towards 0.7328...

GBPUSD Daily Analysis – December 11, 2017

by ForexCycle.com | December 11, 2017 12:59 am
The GBPUSD pair failed to break above 1.3549 resistance and moved sideways in a trading range between 1.3319 and 1.3549. Near term support is at the bullish trend line on the 4-hour chart. As long as the...

EURUSD Daily Analysis – December 11, 2017

by ForexCycle.com | December 11, 2017 12:58 am
EURUSD extended its downside movement from 1.1961 to as low as 1.1730, facing the support level at 1.1712. A breakdown this level could take price to next support level at 1.1670, followed by 1.1554. Below these levels...