USDCAD Daily Analysis – May 23, 2017

by ForexCycle.com | May 23, 2017 3:09 am
USDCAD’s bearish movement from 1.3793 extended to as low as 1.3483. Further decline is still possible after consolidation and next target would be at 1.3400 area. Resistance is at the falling trend line on 4-hour chart, only...

USDJPY Daily Analysis – May 23, 2017

by ForexCycle.com | May 23, 2017 3:08 am
USDJPY moved out of the price channel on 4-hour chart, indicating that the downward movement from 114.36 had completed at 110.23 already. Near term resistance is now at 111.73, a break of this level could trigger a...

AUDUSD Daily Analysis – May 23, 2017

by ForexCycle.com | May 23, 2017 3:06 am
AUDUSD broke above the descending trend line 4-hour chart, indicating that the bearish movement from the March 21 high of 0.7749 had completed at 0.7328 already. The pair is now in uptrend. As long as the pair...

GBPUSD Daily Analysis – May 23, 2017

by ForexCycle.com | May 23, 2017 3:05 am
GBPUSD remains in uptrend from 1.2365. As long as the pair is in the ascending price channel on 4-hour chart, the uptrend could be expected to continue and further rise to 1.3100 area is still possible. Near...

EURUSD Daily Analysis – May 23, 2017

by ForexCycle.com | May 23, 2017 3:03 am
EURUSD’s bullish movement extended to as high as 1.1263. Near term support is at the rising trend line on 4-hour chart. As long as the trend line support holds, the bullish movement could be expected to continue...

USDCAD Daily Analysis – May 22, 2017

by ForexCycle.com | May 22, 2017 2:42 am
USDCAD remains in bearish movement from 1.3793 and the fall extended to as low as 1.3508. Further decline could be expected and next target would be at around 1.3450. Near term resistance is at the falling trend...

USDJPY Daily Analysis – May 22, 2017

by ForexCycle.com | May 22, 2017 2:37 am
USDJPY is facing the resistance of the descending price channel on 4-hour chart, a clear break out of the channel resistance will indicate that the fall from 114.36 had completed at 110.23 already, then the following rally...

AUDUSD Daily Analysis – May 22, 2017

by ForexCycle.com | May 22, 2017 2:30 am
AUDUSD’s rise from 0.7328 extended to as high as 0.7469. The pair is facing the resistance of the descending trend line on 4-hour chart. As long as the trend line resistance holds, the rise could be treated...

GBPUSD Daily Analysis – May 22, 2017

by ForexCycle.com | May 22, 2017 2:28 am
GBPUSD moved in an ascending price channel on 4-hour chart which provides resistance at the top trend line and support at the bottom trend line. As long as the pair is in the channel, the uptrend from...

EURUSD Daily Analysis – May 22, 2017

by ForexCycle.com | May 22, 2017 2:26 am
After consolidation, EURUSD continued its bullish movement from 1.0839 and the rise extended to as high as 1.1211. Near term support is at the ascending trend line on 4-hour chart. As long as the pair is above...