USDCAD Daily Analysis – October 20, 2017

by ForexCycle.com | October 20, 2017 1:02 am
USDCAD is facing the key support at 1.2433. A breakdown below this level will indicate that the upside movement from 1.2061 had completed at 1.2598 already, then the following downside movement could bring price back to next...

USDJPY Daily Analysis – October 20, 2017

by ForexCycle.com | October 20, 2017 1:01 am
USDJPY failed in its attempt to breakout of 113.43 resistance and stays in a trading range between 111.47 and 113.43. Lengthier sideways movement would likely be seen in the coming days. As long as 111.47 key support...

AUDUSD Daily Analysis – October 20, 2017

by ForexCycle.com | October 20, 2017 1:01 am
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.7732. As long as the price is above the trend line, the upside movement could be expected to continue and...

GBPUSD Daily Analysis – October 20, 2017

by ForexCycle.com | October 20, 2017 1:00 am
GBPUSD failed to breakout of the support-turned-resistance trend line on the 4-hour chart and extended its downside movement from 1.3337 to as low as 1.3131. Further decline could be expected after a minor consolidation and a breakdown...

EURUSD Daily Analysis – October 20, 2017

by ForexCycle.com | October 20, 2017 12:57 am
EURUSD is facing 1.1879 resistance, above this level could signal resumption of the uptrend from 1.1669, then further upside movement towards 1.2029 could be seen. Support levels are at 1.1800 and 1.1669, only break below these levels...

USDCAD Daily Analysis – October 19, 2017

by ForexCycle.com | October 19, 2017 3:21 am
USDCAD moved sideways in a trading range between 1.2433 and 1.2598 and is now facing the key support level at 1.2433. A breakdown below this level will indicate that the uptrend had completed at 1.2598 already, then...

USDJPY Daily Analysis – October 19, 2017

by ForexCycle.com | October 19, 2017 3:20 am
USDJPY is now facing 113.43 resistance. A breakout of this level could trigger another rise towards 115.50 resistance. Near term support is at 112.50, below this level could trigger another fall to test 111.47 key support. Breakthrough...

AUDUSD Daily Analysis – October 19, 2017

by ForexCycle.com | October 19, 2017 3:19 am
AUDUSD rebounded from 0.7818 after touching the rising trend line on its 4-hour chart, suggesting that the pair remains in the uptrend from 0.7732. Further rise to test 0.7897 resistance could be expected, a breakout of this...

GBPUSD Daily Analysis – October 19, 2017

by ForexCycle.com | October 19, 2017 3:18 am
GBPUSD is now in downtrend from 1.3337. Further decline would likely be seen and next target would be at 1.3121, below this level could take price to the major support trend line on the daily chart. Resistance...

EURUSD Daily Analysis – October 19, 2017

by ForexCycle.com | October 19, 2017 3:16 am
EURUSD rebounded from 1.1730 after approaching 1.1669 support, indicating that the short term downtrend from 1.1879 is complete. Further rise to test 1.1879 resistance could be expected in the coming days, a breakout of this level could...