AUDUSD Daily Analysis – June 23, 2017
AUDUSD’s fall from 0.7635 extended to as low as 0.7535 and is now facing 0.7519 support. If this level gives way, the pair will find the next support level at around 0.7450. Near term resistance is at...
Author: ForexCycle.com
GBPUSD Daily Analysis – June 23, 2017
GBPUSD remains in downtrend from 1.3047, the rise from 1.2589 is likely consolidation of the downtrend. Near term resistance is at the falling trend line on its 4-hour chart. As long as the pair is below the...
EURUSD Daily Analysis – June 23, 2017
EURUSD moved sideways in the bottom of the trading range between 1.1109 and 1.1295. A clear break below 1.1109 support will indicate that the uptrend from 1.0569 (Apr 10 low) had completed at 1.1295 already, then the...
NZDUSD Is Testing Trend Line Resistance
The NZDUSD pair is facing the resistance of the descending trend line from the September 2016 high of 0.7484 to the February 7 high of 0.7374, now at around 0.7275 on its daily chart. After touching the...
USDCAD Daily Analysis – June 22, 2017
USDCAD broke above 1.3308 resistance, indicating that lengthier consolidation for the downtrend from 1.3793 is underway. Range trading between 1.3164 and 1.3400 would likely be seen over the next several days. However, as long as 1.3400 resistance...
USDJPY Daily Analysis – June 22, 2017
USDJPY remains in uptrend from 108.81, the pullback from 111.78 is likely consolidation of the uptrend. Key support is at 110.64, as long as this level holds, the uptrend could be expected continue and next target would...
AUDUSD Daily Analysis – June 22, 2017
AUDUSD is facing the key support at 0.7519. A breakdown below this level will confirm that the uptrend from 0.7371 had completed at 0.7635 already, then the pair will find support at around 0.7450 zone. Near term...
GBPUSD Daily Analysis – June 22, 2017
GBPUSD stays below a downward trend line on its 4-hour chart, indicating that the pair remains in the downtrend from 1.3047. As long as the pair is below the trend line, the downtrend could be expected to...
EURUSD Daily Analysis – June 22, 2017
EURUSD is testing 1.1109 support, a breakdown below this level could signal completion of the uptrend from 1.0569 (Apr 10 low), then the following bearish movement could bring price back into 1.0800 zone. However, as long as...
Gold Price Is Facing Trend Line Support
After breaking below the bullish trend line from 1214.17 to 1258.92 at 1270 on its 4-hour chart, XAUUSD started a bearish movement from the June 6 high of 1295.94, and the bearish movement extended to as low...