EURUSD Daily Analysis – July 19, 2017

by ForexCycle.com | July 19, 2017 12:48 am
EURUSD broke above 1.1489 resistance and extended its bullish movement to as high as 1.1583. Near term support is at 1.1500, as long as this level holds, the uptrend from 1.1118 could be expected to continue and...

USDCAD Facing Important Support At 1.2460

by ForexCycle.com | July 18, 2017 8:20 am
The USDCAD pair recently broke below the channel support and 1.2968 key support on its weekly chart, indicating that the long term bearish movement from the January 2016 high of 1.4689 has resumed. The pair extended its...

USDCAD Daily Analysis – July 18, 2017

by ForexCycle.com | July 18, 2017 1:17 am
USDCAD continued its downward movement from 1.3347 and the fall extended to as low as 1.2627. Resistance is at 1.2770, as long as this level holds, further decline could be expected and next target would be at...

USDJPY Daily Analysis – July 18, 2017

by ForexCycle.com | July 18, 2017 1:15 am
USDJPY stays below a descending trend line on its 4-hour chart and remains in downtrend from 114.49. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be...

AUDUSD Daily Analysis – July 18, 2017

by ForexCycle.com | July 18, 2017 1:15 am
AUDUSD remains in uptrend from 0.7571, the fall from 0.7838 is likely consolidation of the uptrend. Near term support is located at the bottom trend line of the price channel on its 4-hour chart. As long as...

GBPUSD Daily Analysis – July 18, 2017

by ForexCycle.com | July 18, 2017 1:14 am
GBPUSD remains in uptrend from 1.2811, the fall from 1.3113 could be treated as consolidation of the uptrend. Range trading between 1.3000 and 1.3113 would likely be seen in a couple of days. As long as 1.3000...

EURUSD Daily Analysis – July 18, 2017

by ForexCycle.com | July 18, 2017 1:13 am
EURUSD is facing 1.1489 resistance, a break out of this level will signal resumption of the uptrend from 1.1118, then next target would be at 1.1600 area. Near term support is at 1.1370 and the key support...

Bitcoin Is Facing Key Support At 1737

by ForexCycle.com | July 17, 2017 8:34 am
BTCUSD recently broke below the bottom support trend line of the triangle pattern on its 4-hour chart and the ascending trend line on the daily chart, and is now facing the key support at the May 27...

USDCAD Daily Analysis – July 17, 2017

by ForexCycle.com | July 17, 2017 1:13 am
USDCAD’s bearish movement from 1.3347 extended to as low as 1.2639. Further decline is still possible after a minor consolidation and next target would be at 1.2500 area. Resistance is now at 1.2770, only a break above...

USDJPY Daily Analysis – July 17, 2017

by ForexCycle.com | July 17, 2017 1:12 am
USDJPY broke below 112.74 key support, indicating that the upside movement from 108.81 had completed at 114.49 already. Deeper decline is possible and next target would be at 111.50 area. Resistance is at 113.10, followed by 113.60,...