GBPUSD Daily Analysis – January 4, 2018

by ForexCycle.com | January 4, 2018 2:39 am
GBPUSD pulled back from 1.3612, facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the pullback could be treated as consolidation of the uptrend from 1.3301...

EURUSD Daily Analysis – January 4, 2018

by ForexCycle.com | January 4, 2018 2:38 am
EURUSD failed in its attempt to break above 1.2092 (Sep 8 high) resistance and pulled back from 1.2081. As long as the price is above the bullish trend line on the 4-hour chart, the pullback could be...

USDCAD Daily Analysis – January 3, 2018

by ForexCycle.com | January 3, 2018 4:07 am
USDCAD stays below a bearish trend line on the 4-hour chart and remains in downtrend from 1.2920. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be...

USDJPY Daily Analysis – January 3, 2018

by ForexCycle.com | January 3, 2018 4:06 am
USDJPY is now facing 112.03 support. A breakdown below this level could take price to next support level at 110.84. Near term resistance is at 112.60, only break above this level could trigger another rise to test...

AUDUSD Daily Analysis – January 3, 2018

by ForexCycle.com | January 3, 2018 4:06 am
AUDUSD extended its upside movement from 0.7501 to as high as 0.7844. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected to continue and next target...

GBPUSD Daily Analysis – January 3, 2018

by ForexCycle.com | January 3, 2018 4:05 am
GBPUSD’s upside movement from 1.3301 extended to as high as 1.3605. Further rise is still possible in a couple of days and next target would be at 1.3700 area. Near term support is at 1.3550, below this...

EURUSD Daily Analysis – January 3, 2018

by ForexCycle.com | January 3, 2018 4:03 am
EURUSD continued its upside movement from 1.1717 and the rise extended to as high as 1.2081, facing 1.2092 (Sep 8 high) resistance. A breakout of this level could trigger further upside movement towards 1.2500. Near term support...

USDCAD Weekly Analysis – December 31, 2017

by ForexCycle.com | December 31, 2017 2:10 am
USDCAD broke below 1.2623 support, indicating that the upside movement from 1.2061 had completed at 1.2916 already. Deeper decline to test 1.2433 support could be seen next week. A breakdown below this level could trigger further downside...

USDJPY Weekly Analysis – December 31, 2017

by ForexCycle.com | December 31, 2017 2:10 am
USDJPY moved sideways in a trading range between 110.84 and 114.73. As long as 110.84 support holds, the sideways move could be treated as consolidation of the uptrend from 107.31, and another rise to test 115.50 resistance...

AUDUSD Weekly Analysis – December 31, 2017

by ForexCycle.com | December 31, 2017 2:09 am
AUDUSD extended its upside movement from 0.7501 to as high as 0.7824. Further rise to test 0.7897 resistance could be seen next week. A break of this level could take price to next resistance level at 0.8000,...