USDJPY Daily Analysis – October 10, 2017

by ForexCycle.com | October 10, 2017 2:03 am
USDJPY continued its sideways movement in a trading range between 112.21 and 113.43. Near term support is at 112.21, as long as the price is above this level, the sideways move could be treated as consolidation of...

AUDUSD Daily Analysis – October 10, 2017

by ForexCycle.com | October 10, 2017 2:02 am
AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.8102. As long as the price is below the trend line, the bounce from 0.7732 could be treated as consolidation...

GBPUSD Daily Analysis – October 10, 2017

by ForexCycle.com | October 10, 2017 2:01 am
GBPUSD stays in a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3657. As long as the price is below the trend line, the bounce from 1.3027 could be treated as consolidation...

EURUSD Daily Analysis – October 10, 2017

by ForexCycle.com | October 10, 2017 2:01 am
EURUSD stays below a descending price channel on its 4-hour chart and remains in the downtrend from 1.2092. As long as the price is in the channel, the downtrend could be expected to continue and another fall...

EURGBP’s Correction Rebound Extended To 0.8992

by ForexCycle.com | October 9, 2017 8:42 am
EURGBP extended its upside movement from 0.8746 to as high as 0.8992, breaking above a major resistance level at 0.8899, indicating that correction for the downtrend from 0.9306 is underway. Further rise is still possible in the...

USDCAD Daily Analysis – October 9, 2017

by ForexCycle.com | October 9, 2017 2:11 am
USDCAD’s uptrend from 1.2061 extended to as high as 1.2598. 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 would be...

USDJPY Daily Analysis – October 9, 2017

by ForexCycle.com | October 9, 2017 2:10 am
USDJPY moved sideways in a trading range between 112.21 and 113.43. As long as 112.21 level holds, the sideways move could be treated as consolidation of the uptrend from 107.31, and further rise to 114.00 area cold...

AUDUSD Daily Analysis – October 9, 2017

by ForexCycle.com | October 9, 2017 2:10 am
AUDUSD’s bearish movement extended to as low as 0.7732. Key resistance is now at 0.7875, as long as the price is below this level, the downtrend could be expected to continue and next target would be at...

GBPUSD Daily Analysis – October 9, 2017

by ForexCycle.com | October 9, 2017 2:09 am
GBPUSD’s bearish movement from 1.3657 extended to as low as 1.3027. Further decline is still possible after a minor consolidation and next target would be at the bullish trend line on the daily chart now at 1.2955....

EURUSD Daily Analysis – October 9, 2017

by ForexCycle.com | October 9, 2017 2:08 am
EURUSD extended its downside movement from 1.2092 to as low as 1.1669, facing an important support level at 1.1662. A breakdown below this level could take price to the resistance-turned-support trend line on the weekly chart, now...