USDJPY Weekly Analysis – November 12, 2017
USDJPY’s upside movement from 107.31 extended to as high as 114.73. Near term support is at the bottom trend line of the price channel on the daily chart now at around 112.65. As long as the channel...
Author: ForexCycle.com
AUDUSD Weekly Analysis – November 12, 2017
AUDUSD formed a sideways movement in a narrow range between 0.7624 and 0.7729. The sideways movement is likely consolidation of the downtrend from 0.8124 and a breakdown below 0.7624 support could trigger another fall towards 0.7535 support...
GBPUSD Weekly Analysis – November 12, 2017
GBPUSD moved sideways in a narrow range between 1.3027 and 1.3337. The price action in the range is likely consolidation of the downtrend from 1.3657 and further decline is still possible after the consolidation. There is a...
EURUSD Weekly Analysis – November 12, 2017
EURUSD stays below a descending trend line on the daily chart and remains in the downtrend from 1.2092. As long as the price is below the trend line, the bounce from 1.1554 could be treated as consolidation...
BTCUSD Remains In Uptrend From 5020
BTCUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 5020. As long as the price is in the channel, the pullback from 7887 could be treated as consolidation of...
USDCAD Daily Analysis – November 10, 2017
USDCAD broke below 1.2700 support and extended its downside movement from 1.2916 to as low as 1.2666, facing the support of the bullish trend line on the daily chart. Near term resistance is at the falling trend...
USDJPY Daily Analysis – November 10, 2017
USDJPY is facing 112.95 support, a breakdown below this level could trigger further downside movement to 112.30 area. On the upside, as long as 112.95 support holds, the price action from 114.45 could be treated as consolidation...
AUDUSD Daily Analysis – November 10, 2017
AUDUSD moved sideways without trend in a trading range between 0.7624 and 0.7729. As long as the price is below 0.7729, the sideways movement could be treated as consolidation of the downtrend from 0.7897 and further decline...
GBPUSD Daily Analysis – November 10, 2017
GBPUSD moved sideways in a trading range between 1.3027 and 1.3337 for several weeks. As long as 1.3337 key resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3657,...
EURUSD Daily Analysis – November 10, 2017
EURUSD broke above 1.1625 resistance and extended its bounce from 1.1554 to as high as 1.1654. Further rise to test 1.1690 resistance is possible. As long as this level holds, the price action in the trading range...