USDCAD Daily Analysis – May 19, 2017

by ForexCycle.com | May 19, 2017 2:04 am
USDCAD’s bearish move extended to as low as 1.3571. Further decline could be expected after a minor consolidation and next target would be at 1.3500 area. Resistance is at 1.3670, only move about this level could trigger...

USDJPY Daily Analysis – May 19, 2017

by ForexCycle.com | May 19, 2017 2:03 am
USDJPY’s fall from 114.36 extended to as low as 110.23. Further decline is still possible after a minor consolidation and next target would be at around 109.60. Near term resistance is at the top of the price...

AUDUSD Daily Analysis – May 19, 2017

by ForexCycle.com | May 19, 2017 2:02 am
Under pressure by the resistance of the descending trend line on 4-hour chart, AUDUSD pulled back from 0.7466. Another rise to test the trend line resistance is still possible after consolidation. As long as the pair is...

GBPUSD Daily Analysis – May 19, 2017

by ForexCycle.com | May 19, 2017 1:55 am
GBPUSD’s upward movement from 1.2365 extended to as high as 1.3047. Further rise is still possible and next target would be at 1.3100 area. Near term support is at the bottom of the price channel on 4-hour...

EURUSD Daily Analysis – May 19, 2017

by ForexCycle.com | May 19, 2017 1:54 am
EURUSD remains in uptrend from 1.0839, the fall from 1.1172 is likely consolidation of the uptrend. Range trading between 1.1070 and 1.1172 would likely be seen in a couple of days. Near term support is at 1.1070,...

USDJPY Failed to Break Above 115.50 Resistance

by ForexCycle.com | May 19, 2017 12:18 am
Under pressure by the resistance of the Mar 10 high of 115.50, USDJPY pulled back from 114.36 and the fall extended sharply to as low as 110.23. The pair will find support at around 109.60, which is...

EURUSD Broke Above Channel Resistance

by ForexCycle.com | May 18, 2017 5:04 am
EURUSD broke above the upper line of the price channel on the daily chart, which provided resistance around 1.1060, indicating that a new bullish movement had started. Further rises could be expected over the next several days...

USDCAD Daily Analysis – May 18, 2017

by ForexCycle.com | May 17, 2017 11:58 pm
USDCAD remains in downtrend from 1.3793. Further decline is still possible over the next several days and next target would be at 1.3500 area. Resistance levels are at 1.3640 and 1.3670, only move above these levels could...

USDJPY Daily Analysis – May 18, 2017

by ForexCycle.com | May 17, 2017 11:58 pm
USDJPY continued its downward movement and the fall extended to as low as 110.52. Further decline is still possible after a minor consolidation and next target would be at 109.50 area. Resistance is at 111.60, only move...

AUDUSD Daily Analysis – May 18, 2017

by ForexCycle.com | May 17, 2017 11:57 pm
AUDUSD remains in the short term uptrend from 0.7328, the fall from 0.7445 is likely consolidation of the uptrend. Further rise to test the resistance of the descending trend line on 4-hour chart is possible. Support is...