GBPUSD Weekly Analysis – December 3, 2017

by ForexCycle.com | December 3, 2017 7:26 am
GBPUSD extended its bounce from the rising trend line on the daily chart to as high as 1.3549. Further rise to test 1.3657 resistance would likely be seen next week. A breakout of this level will confirm...

EURUSD Weekly Analysis – December 3, 2017

by ForexCycle.com | December 3, 2017 7:25 am
EURUSD stays above a rising trend line on the daily chart and remains in the short term uptrend from 1.1554. As long as the price is above the trend line, the upside movement could be expected to...

USDCAD Daily Analysis – December 1, 2017

by ForexCycle.com | December 1, 2017 6:53 am
USDCAD extended its upside movement from 1.2672 to as high as 1.2909. Further rise to test 1.2916 resistance would likely be seen. A breakout of this level could signal resumption of the longer term uptrend from 1.2061...

USDJPY Daily Analysis – December 1, 2017

by ForexCycle.com | December 1, 2017 6:52 am
USDJPY is facing 112.71 resistance. A break of this level could take price to next resistance level at 113.91. Near term support is at 111.69, only break below this level could trigger further decline towards 110.84. Below...

AUDUSD Daily Analysis – December 1, 2017

by ForexCycle.com | December 1, 2017 6:50 am
AUDUSD extended its downside movement from 0.7644 to as low as 0.7550. Deeper decline to test 0.7532 support is still possible. A breakdown below this level will indicate that the downtrend from 0.7897 has resumed, then next...

GBPUSD Daily Analysis – December 1, 2017

by ForexCycle.com | December 1, 2017 6:48 am
GBPUSD extended its upside movement to as high as 1.3549. Further rise is still possible after a minor consolidation and next target would be at 1.3657 (Sep 20 high). Near term support is at 1.3425, only a...

EURUSD Daily Analysis – December 1, 2017

by ForexCycle.com | December 1, 2017 6:46 am
EURUSD rebounded from 1.1809 after touching the bullish trend line on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.1554. Another rise could be expected after consolidation and a breakout of 1.1961 resistance...

USDCAD Daily Analysis – November 30, 2017

by ForexCycle.com | November 30, 2017 1:43 am
USDCAD broke above 1.2836 resistance. Further rise towards 1.2916 previous high would likely be seen in the coming days. A breakout of this level will confirm that the uptrend from 1.2061 (Sep 8 low) has resumed, then...

USDJPY Daily Analysis – November 30, 2017

by ForexCycle.com | November 30, 2017 1:42 am
USDJPY broke above 111.69 resistance, indicating that the downtrend from 114.73 had completed at 110.84 already. Further rally would likely be seen, and next target would be at 112.71. Support is now at 111.69, only a breakdown...

AUDUSD Daily Analysis – November 30, 2017

by ForexCycle.com | November 30, 2017 1:42 am
AUDUSD’s fall from 0.7644 extended to as low as 0.7552. Deeper decline to test 0.7532 support is possible and a breakdown below this level could signal resumption of the downtrend from 0.7897, then next target would be...