USDCAD Daily Analysis – August 17, 2017

by ForexCycle.com | August 17, 2017 2:59 am
USDCAD broke below 1.2650 support, indicating that the short term uptrend from 1.2413 had completed at 1.2778 already. Further decline to test 1.2413 previous low support is possible in the coming days. Resistance levels are at 1.2690...

USDJPY Daily Analysis – August 17, 2017

by ForexCycle.com | August 17, 2017 2:58 am
USDJPY is in uptrend from 108.73, the fall from 110.94 could be treated as correction of the uptrend. Near term support is at 109.50, as long as this level holds, the uptrend could be expected to resume,...

AUDUSD Daily Analysis – August 17, 2017

by ForexCycle.com | August 17, 2017 2:58 am
AUDUSD broke above the top trend line of the price channel on its 4-hour chart, indicating that the downside movement from 0.8065 had completed at 0.7807 already. Further rally could be expected after a correction pullback and...

GBPUSD Daily Analysis – August 17, 2017

by ForexCycle.com | August 17, 2017 2:57 am
GBPUSD stays below a falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend from 1.3267 could be expected to continue and next target would be at 1.2750...

EURUSD Daily Analysis – August 17, 2017

by ForexCycle.com | August 17, 2017 2:56 am
EURUSD rebounded strongly to 1.1790 area after touching the key support at 1.1689. However, another fall to test this support level is still possible, a breakdown below this level will trigger another fall towards the bottom support...

USDCAD Daily Analysis – August 16, 2017

by ForexCycle.com | August 16, 2017 2:42 am
After consolidation, USDCAD broke above 1.2752 resistance and continued its bullish movement to as high as 1.2778. Key support is at 1.2650, as long as the price is above this level, the upside movement could be expected...

USDJPY Daily Analysis – August 16, 2017

by ForexCycle.com | August 16, 2017 2:41 am
USDJPY broke above the bearish trend line on the 4-hour chart and is now in uptrend from 108.73. Further rise could be expected after a correction pullback and next target would be at 112.00 area. Near term...

AUDUSD Daily Analysis – August 16, 2017

by ForexCycle.com | August 16, 2017 2:39 am
AUDUSD extended its downside movement from 0.8065 to as low as 0.7807, facing the bullish trend line on its daily chart. A clear break below the trend line support could take price to next support level at...

GBPUSD Daily Analysis – August 16, 2017

by ForexCycle.com | August 16, 2017 2:38 am
GBPUSD extended its bearish movement from 1.3267 to as low as 1.2845, facing the bullish support trend line on the daily chart. A clear break below the trend line support could take price to next support level...

EURUSD Daily Analysis – August 16, 2017

by ForexCycle.com | August 16, 2017 2:38 am
EURUSD is facing 1.1689 support. A breakdown below this level will trigger another fall towards the bottom support trend line of the price channel on its daily chart, now at around 1.1560. On the other side, as...