AUDUSD Daily Analysis – April 25, 2017

by ForexCycle.com | April 25, 2017 3:00 am
AUDUSD stays above the ascending trend line on 4-hour chart, and remains in uptrend from 0.7491. Further rise could be expected after a minor consolidation and next target would be at 0.7650 area. Support is located at...

GBPUSD Daily Analysis – April 25, 2017

by ForexCycle.com | April 25, 2017 2:59 am
No changed in our view, GBPUSD remains in uptrend, the pullback from 1.2904 could be treated as consolidation of the uptrend. Support is at 1.2700, as long as this level holds, the uptrend could be expected to...

EURUSD Daily Analysis – April 25, 2017

by ForexCycle.com | April 25, 2017 2:57 am
EURUSD remains in uptrend from 1.0569, the fall from 1.0918 is likely consolidation of the uptrend. Another rise could be expected after the consolidation and next target would be at 1.1000 area. Support is at 1.0775, as...

USDCAD Daily Analysis – April 24, 2017

by ForexCycle.com | April 24, 2017 2:17 am
Under pressure by 1.3535 resistance, USDCAD pulled back from 1.3525. Support is now located at the bottom of the ascending price channel on 4-hour chart. As long as the pair is in the channel, the upward movement...

USDJPY Daily Analysis – April 24, 2017

by ForexCycle.com | April 24, 2017 2:16 am
USDJPY broke above the top of the descending price channel on 4-hour chart, indicating that the downward movement from 112.19 had completed at 108.13 already. However, the bounce from 108.13 would possibly be consolidation of the longer...

AUDUSD Daily Analysis – April 24, 2017

by ForexCycle.com | April 24, 2017 2:15 am
AUDUSD broke above 0.7550 resistance, indicating that the downward movement from 0.7610 had completed at 0.7491 already. The pair is now in uptrend from 0.7491. Further rise could be expected and next target would be at 0.7650...

GBPUSD Daily Analysis – April 24, 2017

by ForexCycle.com | April 24, 2017 2:14 am
GBPUSD remains in uptrend from 1.2365, the fall from 1.2904 is likely consolidation of the uptrend. Support is at 1.2700, as long as this pair is above this level, the uptrend could be expected to continue, and...

EURUSD Daily Analysis – April 24, 2017

by ForexCycle.com | April 24, 2017 2:13 am
EURUSD continued its upward movement and the rise extended to as high as 1.0918. Further rise could be expected after consolidation and next target would be at 1.1000 area. Support is at 1.0800, as long as this...

USDCAD Weekly Analysis – April 23, 2017

by ForexCycle.com | April 23, 2017 2:53 am
USDCAD is facing 1.3534 resistance. A break of this level will signal resumption of the uptrend from 1.2968, then next target would be at 1.3800 area. Support is at 1.3223, only break below this level could signal...

USDJPY Weekly Analysis – April 23, 2017

by ForexCycle.com | April 23, 2017 2:53 am
USDJPY’s downward movement from 118.66 extended to as low as 108.13. Further decline could be expected after consolidation and next target would be at 106.00 area. Near term resistance is at 110.00, as long as this level...