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USDCAD Daily Analysis - January 16, 2017

Short Term Forex Analysis | by ForexCycle.com | Monday, 16 January 2017 03:50 UTC
USDCAD remains in downtrend from 1.3598, the rise from 1.3029 is likely consolidation of the downtrend. Near term resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.2900 area ...

USDJPY Daily Analysis - January 16, 2017

Short Term Forex Analysis | by ForexCycle.com | Monday, 16 January 2017 03:49 UTC
USDJPY stays below the downward trend line on 4-hour chart, and remains in downtrend from 118.66. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 112.50 area. Only a clear break above the trend line resistance could signal completi ...

AUDUSD Daily Analysis - January 16, 2017

Short Term Forex Analysis | by ForexCycle.com | Monday, 16 January 2017 03:49 UTC
AUDUSD remains in uptrend from 0.7159, the fall from 0.7518 is likely consolidation of the uptrend. Support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.7600 area. Only a clear break bel ...

GBPUSD Daily Analysis - January 16, 2017

Short Term Forex Analysis | by ForexCycle.com | Monday, 16 January 2017 03:48 UTC
GBPUSD's downward movement from 1.2774 (Dec 6, 2016 high) extended to as low as 1.1990. Further decline could be expected after a minor consolidation, and next target would be at 1.1900 area. Resistance is located at the top of the price channel on 4-hour chart. Only a clear break above the channel ...

EURUSD Daily Analysis - January 16, 2017

Short Term Forex Analysis | by ForexCycle.com | Monday, 16 January 2017 03:47 UTC
EURUSD remains in uptrend from 1.0340, the fall from 1.0684 is likely consolidation of the uptrend. Support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.0800 area. Only a clear break bel ...

USDCAD Daily Analysis - January 13, 2017

Short Term Forex Analysis | by ForexCycle.com | Friday, 13 January 2017 03:16 UTC
USDCAD continued its downward movement from 1.3598, and the fall extended to as low as 1.3029. Near term resistance is now at 1.3190, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.2900 area. Key resistance is at 1.3293, only break above this ...

USDJPY Daily Analysis - January 13, 2017

Short Term Forex Analysis | by ForexCycle.com | Friday, 13 January 2017 03:15 UTC
USDJPY's downward movement from 118.66 extended to as low as 113.75. Resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 112.50 area. Only a clear break above the trend line res ...

AUDUSD Daily Analysis - January 13, 2017

Short Term Forex Analysis | by ForexCycle.com | Friday, 13 January 2017 03:14 UTC
AUDUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.7159. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.7600 area. Only a clear break below the trend line support could signal completion of the up ...

GBPUSD Daily Analysis - January 13, 2017

Short Term Forex Analysis | by ForexCycle.com | Friday, 13 January 2017 03:14 UTC
GBPUSD remains in downtrend from 1.2774 (Dec 6, 2016 high), the rise from 1.2037 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to continue, and next target wo ...

EURUSD Daily Analysis - January 13, 2017

Short Term Forex Analysis | by ForexCycle.com | Friday, 13 January 2017 03:13 UTC
EURUSD broke above 1.0653 resistance, indicating that the pair is in short term uptrend from 1.0340. Further rise could be expected, and next target would be at 1.0800 area. Support is at the upward trend line on 4-hour chart, only break below the trend line support could signal completion of the up ...

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