USDCAD Daily Analysis – September 21, 2017

by ForexCycle.com | September 21, 2017 2:55 am
USDCAD extended its upside movement from 1.2061 to as high as 1.2390. Further rise would likely be seen in a couple of days and next target would be at the bearish trend line on the daily chart...

USDJPY Daily Analysis – September 21, 2017

by ForexCycle.com | September 21, 2017 2:55 am
USDJPY’s bullish movement from 107.31 extended to as high as 112.64. As long as the price is above the rising trend line on the 4-hour chart, the bullish move could be expected to continue, and next target...

AUDUSD Daily Analysis – September 21, 2017

by ForexCycle.com | September 21, 2017 2:54 am
No changed in our view, AUDUSD is now in a downtrend from 0.8124, the bounce from 0.7939 could be treated as correction of the downtrend. Further decline would likely be seen after the correction, and next target...

GBPUSD Daily Analysis – September 21, 2017

by ForexCycle.com | September 21, 2017 2:53 am
GBPUSD dropped sharply to as low as 1.3451 after hitting a new high at 1.3652, indicating that lengthier consolidation for the uptrend from 1.2774 is needed. Deeper decline towards the bullish trend line on the 4-hour chart...

EURUSD Daily Analysis – September 21, 2017

by ForexCycle.com | September 21, 2017 2:52 am
EURUSD is facing 1.1823 key support once again. A breakdown below this level could indicate that the uptrend from 1.0569 (Apr 10 low) had completed at 1.2092 already, then deeper decline towards 1.1662 could be seen. On...

USDCAD Daily Analysis – September 20, 2017

by ForexCycle.com | September 20, 2017 12:51 am
USDCAD stays above a rising trend line on its 4-hour chart and remains in a short term uptrend from 1.2061. Further rally is still possible and next target would be at the bearish trend line on the...

USDJPY Daily Analysis – September 20, 2017

by ForexCycle.com | September 20, 2017 12:51 am
USDJPY stays above a bullish trend line on the 4-hour chart, suggesting that the price remains in the uptrend from 107.31. As long as the price is above the trend line, the upside movement could be expected...

AUDUSD Daily Analysis – September 20, 2017

by ForexCycle.com | September 20, 2017 12:50 am
AUDUSD is now in a downtrend from 0.8124, the bounce from 0.7939 is likely consolidation of the downtrend. Near term resistance is at 0.8050, as long as this level holds, the downtrend could be expected to continue...

GBPUSD Daily Analysis – September 20, 2017

by ForexCycle.com | September 20, 2017 12:48 am
GBPUSD is in consolidation of the uptrend from 1.2774. Range trading between 1.3370 and 1.3618 would likely be seen over the next several days. As long as 1.3370 support holds, the uptrend could be expected to resume...

EURUSD Daily Analysis – September 20, 2017

by ForexCycle.com | September 20, 2017 12:32 am
EURUSD formed a sideways consolidation in a trading range between 1.1823 and 1.2092. Key support is now at 1.1823, as long as this level holds, the price action in the range could be treated as consolidation of...