EURUSD Daily Analysis – May 12, 2017

by ForexCycle.com | May 12, 2017 1:19 am
EURUSD continued its downward movement from 1.1021 and the fall extended to as low as 1.0839. Resistance level is at 1.0900, as long as this level holds, the downward movement could be expected to continue and next...

USDCNH Is Forming a Triangle Pattern on Daily Chart

by ForexCycle.com | May 11, 2017 8:28 am
USDCNH is in long term uptrend from 6.0152 (Jan 14, 2014 low). The highest record of this bullish movement is 6.9867 (Jan 3 high). After a sharp drop to 6.7817, the pair formed an ascending triangle pattern...

USDCAD Daily Analysis – May 11, 2017

by ForexCycle.com | May 11, 2017 12:37 am
No changed in our view, USDCAD remains in downtrend from 1.3793, the rise from 1.3641 would possibly be consolidation of the downtrend. Another fall could be expected after the consolidation and next target would be at 1.3550...

USDJPY Daily Analysis – May 11, 2017

by ForexCycle.com | May 11, 2017 12:36 am
USDJPY’s bullish movement from 108.13 extended to as high as 114.36. Support is now located at the ascending trend line on 4-hour chart. As long as the pair is above the trend line, the uptrend could be...

AUDUSD Daily Analysis – May 11, 2017

by ForexCycle.com | May 11, 2017 12:35 am
AUDUSD remains in downtrend from 0.7610, the rise from 0.7328 is likely consolidation of the downtrend. Near term resistance is at 0.7416, as long as this level holds, the downtrend could be expected to continue, and next...

GBPUSD Daily Analysis – May 11, 2017

by ForexCycle.com | May 11, 2017 12:35 am
GBPUSD remains in uptrend from 1.2365, the fall from 1.2988 is likely consolidation of the uptrend. Near term support is at the bottom of the rising price channel on 4-hour chart. As long as the pair is...

EURUSD Daily Analysis – May 11, 2017

by ForexCycle.com | May 11, 2017 12:33 am
EURUSD’s downward movement from 1.1021 extended to as low as 1.0853. Near term resistance is at 1.0900, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0750...

USDCAD Daily Analysis – May 10, 2017

by ForexCycle.com | May 10, 2017 3:06 am
USDCAD remains in downtrend from 1.3793, the rise from 1.3641 is likely consolidation of the downtrend. Another fall could be expected after the consolidation and next target would be at 1.3550 area. Resistance is at 1.3793, only...

USDJPY Daily Analysis – May 10, 2017

by ForexCycle.com | May 10, 2017 3:05 am
USDJPY broke out of the top of the price channel on 4-hour chart and reached as high as 114.32. Consolidation for the uptrend would likely be seen in a couple of days and pullback to the bottom...