USDCAD Daily Analysis – April 21, 2017

by ForexCycle.com | April 21, 2017 3:04 am
USDCAD’s upward movement from 1.3223 extended to as high as 1.3499. Further rise is still possible after a minor consolidation and next target would be at 1.3550 area. Support levels are at 1.3420 and 1.3380, as long...

USDJPY Daily Analysis – April 21, 2017

by ForexCycle.com | April 21, 2017 3:03 am
USDJPY is facing the resistance of the descending price channel on 4-hour chart. A clear break above the channel resistance will indicate that the downtrend from 112.19 had completed at 108.13 already, then further rise to 110.50...

AUDUSD Daily Analysis – April 21, 2017

by ForexCycle.com | April 21, 2017 3:00 am
AUDUSD remains in downtrend from 0.7610, the rise from 0.7491 is likely consolidation of the downtrend. Further decline to test 0.7473 support is possible, and a breakdown below this level will signal resumption of the downtrend from...

GBPUSD Daily Analysis – April 21, 2017

by ForexCycle.com | April 21, 2017 3:00 am
GBPUSD is in consolidation of the uptrend from 1.2365. Range trading between 1.2700 and 1.2904 is possible in a couple of days. As long as the pair is above 1.2700 support, the uptrend could be expected to...

EURUSD Daily Analysis – April 21, 2017

by ForexCycle.com | April 21, 2017 2:59 am
EURUSD’s upward movement from 1.0569 extended to as high as 1.0777. Near term support is at 1.0699, as long as this level holds, the fall from 1.0777 could be treated as consolidation of the uptrend and further...

USDCAD Daily Analysis – April 20, 2017

by ForexCycle.com | April 20, 2017 1:49 am
USDCAD moved above 1.3455 resistance and reached as high as 1.3490. Further rise could be expected after consolidation and next target would be at 1.3550 area. Support levels are at 1.3420 and 1.3380, as long as these...

USDJPY Daily Analysis – April 20, 2017

by ForexCycle.com | April 20, 2017 1:48 am
USDJPY stays in the descending price channel on 4-hour chart and remains in downtrend from 112.19, the price action from 108.13 could be treated as consolidation of the downtrend. As long as the pair is in the...

AUDUSD Daily Analysis – April 20, 2017

by ForexCycle.com | April 20, 2017 1:47 am
AUDUSD is facing 0.7473 support, a breakdown below this level will confirm that the downtrend from 0.7749 has resumed, then the following downward movement could bring price to 0.7300 area. Near term resistance is at 0.7535, only...

GBPUSD Daily Analysis – April 20, 2017

by ForexCycle.com | April 20, 2017 1:42 am
GBPUSD remains in uptrend from 1.2365, the fall from 1.2904 is likely consolidation of the uptrend. Further rise is still possible after the consolidation and next target would be at 1.3000 area. Support levels are at 1.2755...

EURUSD Daily Analysis – April 20, 2017

by ForexCycle.com | April 20, 2017 1:39 am
EURUSD remains in uptrend from 1.0569, the fall from 1.0737 is likely consolidation of the uptrend. Further rise could be expected over the next several days and next target would be at 1.0800 area. Near term support...