USDCNH Broke above Bearish Trend Line
USDCNH recently broke above the bearish trend line from the May 24 high of 6.8876 to the May 31 high of 6.8351 at 6.7725 on its 4-hour chart and is now facing the 6.7918 resistance. A break...
Author: ForexCycle.com
USDCAD Daily Analysis – June 9, 2017
USDCAD is facing 1.3540 resistance. As long as this level holds, the price action from 1.3387 could be treated as consolidation of the downtrend from 1.3793 and another fall towards 1.3200 could be expected after the consolidation....
USDJPY Daily Analysis – June 9, 2017
USDJPY’s rise from 109.11 extended to as high as 110.38. Further rally is still possible and next target would be at around 111.00. Support is at 109.11, only a breakdown below this level could trigger another fall...
AUDUSD Daily Analysis – June 9, 2017
AUDUSD remains in uptrend from 0.7371, the fall from 0.7566 could be treated as consolidation for the uptrend. Range trading between 0.7500 and 0.7566 would likely be seen in a couple of days. Near term support is...
GBPUSD Daily Analysis – June 9, 2017
A sharp drop had taken the GBPUSD pair to 1.2700 area, indicting that the pair is now in downtrend from 1.3047. Further decline could be expected over the next several days, and next target would be at...
EURUSD Daily Analysis – June 9, 2017
EURUSD broke below 1.1200 support, indicating that lengthier consolidation for the uptrend from 1.0569 (Apr 10 low) is needed. Deeper decline could be expected in a couple of days, and the target would be at around 1.1130....
GBPUSD Remains in Uptrend from 1.2109
GBPUSD moved sideways in a trading range between 1.2756 and 1.3047. As long as the pair is above 1.2756 support, the sideways movement could be treated as consolidation of the uptrend from the March 14 low of...
USDCAD Daily Analysis – June 8, 2017
USDCAD failed to break below 1.3387 support and stays in the trading range between 1.3387 and 1.3540. The pair is now facing 1.3540 resistance, a clear break of this level will indicate that the downtrend from 1.3793...
USDJPY Daily Analysis – June 8, 2017
USDJPY broke above 109.90 resistance, suggesting that the short term downtrend from 111.71 had completed at 109.11 already. Further rally would likely be seen in a couple of days and next target would be at 111.00, a...
AUDUSD Daily Analysis – June 8, 2017
AUDUSD’s bullish movement from 0.7371 extended to as high as 0.7566. Further rise is still possible after consolidation and next target would be at 0.7650 area. Near term support is at 0.7500, as long as this level...