USDCAD Broke below 1.2968 Key Support

by ForexCycle.com | July 5, 2017 6:36 am
USDCAD’s bearish movement from the May 5 high of 1.3793 extended to as low as 1.2912, breaking below the January 31 low of 1.2968 key support, indicating that the long term bearish movement from the January 2016...

USDCAD Daily Analysis – July 5, 2017

by ForexCycle.com | July 5, 2017 3:35 am
After consolidation, USDCAD continued its bearish movement from 1.3347 and the fall extended to as low as 1.2912. Near term resistance is at the top trend line of the price channel on its 4-hour chart. As long...

USDJPY Daily Analysis – July 5, 2017

by ForexCycle.com | July 5, 2017 3:34 am
USDJPY stays above the rising trend line on its 4-hour chart and remains in uptrend from 108.81. As long as the pair is above the trend line, the uptrend could be expected to continue and next target...

AUDUSD Daily Analysis – July 5, 2017

by ForexCycle.com | July 5, 2017 3:33 am
AUDUSD broke below the rising support trend line on the 4-hour chart and is now in downtrend from 0.7712. Deeper decline is possible and next target would be at 0.7555, followed by 0.7535. Near term resistance is...

GBPUSD Daily Analysis – July 5, 2017

by ForexCycle.com | July 5, 2017 3:33 am
GBPUSD is facing the support of the ascending trend line on its 4-hour chart. As long as the pair is above the trend line, the fall from 1.3029 could be treated as consolidation of the uptrend from...

EURUSD Daily Analysis – July 5, 2017

by ForexCycle.com | July 5, 2017 3:31 am
EURUSD is in consolidation of the uptrend from 1.1118. Range trading between 1.1290 and 1.1445 would likely be seen in a couple of days. As long as the 1.1290 key support holds, the uptrend from 1.1118 could...

Gold Price Broke Below Major Support Trend Line

by ForexCycle.com | July 4, 2017 6:58 am
XAUUSD’s downside movement from the June 6 high of 1295.94 extended to as low as 1218.45, breaking below the major support trend line from the January 27 low of 1180.51 to the May 9 low of 1214.17...

USDCAD Daily Analysis – July 4, 2017

by ForexCycle.com | July 4, 2017 1:32 am
USDCAD stays in the bearish price channel on its 4-hour chart and remains in downtrend from 1.3347. As long as the pair is in the channel, the bounce from 1.2946 could be treated as consolidation of the...

USDJPY Daily Analysis – July 4, 2017

by ForexCycle.com | July 4, 2017 1:31 am
USDJPY continued its upside movement from 108.81 and the rise extended to as high as 113.47. Near term support is at the rising trend line on its 4-hour chart. As long as the pair is above the...

AUDUSD Daily Analysis – July 4, 2017

by ForexCycle.com | July 4, 2017 1:29 am
AUDUSD’s fall from 0.7712 extended to as low as 0.7644. However, the fall is likely consolidation of the uptrend from 0.7535, as long as the pair is above the rising trend line on its 4-hour chart, the...