USDCAD Daily Analysis – March 23, 2017

by ForexCycle.com | March 22, 2017 11:57 pm
USDCAD broke above 1.3377 resistance, indicating that the downtrend from 1.3535 had completed at 1.3264 already. Further rally could be expected in a couple of days, and next target would be at 1.3500 area.

USDJPY Daily Analysis – March 23, 2017

by ForexCycle.com | March 22, 2017 11:57 pm
USDJPY ran in the descending price channel on 4-hours chart and the downward movement from 115.50 extended to as low as 110.73. Near resistance is at the top of the price channel. As long as the channel...

AUDUSD Daily Analysis – March 23, 2017

by ForexCycle.com | March 22, 2017 11:55 pm
AUDUSD broke below 0.7663 support, indicating that the uptrend from 0.7490 had completed at 0.7749 already. The pair is now in downtrend, further decline could be expected in a couple of days, and next target would be...

GBPUSD Daily Analysis – March 23, 2017

by ForexCycle.com | March 22, 2017 11:54 pm
GBPUSD stays above the rising trend line on 4-hours chart, indicating that the pair remains in uptrend from 1.2109. As long as the trend line support holds, the uptrend could be expected to continue and next target...

EURUSD Daily Analysis – March 23, 2017

by ForexCycle.com | March 22, 2017 11:54 pm
EURUSD remains in uptrend from 1.0494 and the rise extended to as high as 1.0824. Support is at the bottom of the price channel on 4-hours chart. As long as the pair stays in the channel, the...

USDCAD Daily Analysis – March 22, 2017

by ForexCycle.com | March 21, 2017 11:53 pm
USDCAD is facing 1.3377 resistance, a break of this level will indicate that the downward movement from 1.3535 had completed at 1.3264 already, then the following upward move could bring price to 1.3600 area. On the downside,...

USDJPY Daily Analysis – March 22, 2017

by ForexCycle.com | March 21, 2017 11:52 pm
USDJPY broke below 111.59 support, indicating that the long term downtrend from 118.66 (Dec 15, 2016 high) has resumed. As long as the pair is in the descending price channel on 4-hours chart, the short term downtrend...

AUDUSD Daily Analysis – March 22, 2017

by ForexCycle.com | March 21, 2017 11:51 pm
AUDUSD stays above 0.7663 support and remains in uptrend from 0.7490. As long as 0.7663 support holds, the fall from 0.7749 could be treated as consolidation of the uptrend, and further rise to 0.7800 area is still...

GBPUSD Daily Analysis – March 22, 2017

by ForexCycle.com | March 21, 2017 11:50 pm
GBPUSD continued its upward movement from 1.2109 and the rise extended to as high as 1.2494. Near support is at the rising trend line on 4-hours chart and the key support is at 1.2324, only break below...

EURUSD Daily Analysis – March 22, 2017

by ForexCycle.com | March 21, 2017 11:49 pm
EURUSD continued its upward movement from 1.0494 and the rise extended to as high as 1.0819. Further rise is still possible and next target would be at 1.0900 area. Support is located at the bottom of the...