EURUSD Daily Analysis – March 13, 2017
EURUSD broke above 1.0679 resistance, indicating that the pair is now in uptrend from 1.0493. Further rise would likely be seen in a couple of days, and next target would be at 1.0750 area. Support is at...
Author: ForexCycle.com
USDCAD Weekly Analysis – March 11, 2017
USDCAD remains in uptrend from 1.2460 (May 3, 2016 low). The price action from 1.3598 is likely consolidation of the uptrend. Further rise could be expected after the consolidation and next target would be at 1.4000 area....
USDJPY Weekly Analysis – March 11, 2017
USDJPY is facing the 115.62 resistance. A break of this level will indicate that the downtrend from 118.66 had completed at 111.58 already, then the following upward movement could bring price to 120.00 zone. On the other...
AUDUSD Weekly Analysis – March 11, 2017
Being contained by 0.7778 resistance, AUDUSD pulled back from 0.7740. The pair is now in downtrend. Further decline could be expected and next target would be at 0.7100 area. Resistance is at 0.7740, only break above this...
GBPUSD Weekly Analysis – March 11, 2017
GBPUSD continued its sideways movement in a trading range between 1.1946 and 1.2774. As long as 1.2774 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.5016, and further decline to 1.1500...
EURUSD Weekly Analysis – March 11, 2017
EURUSD stays in the descending price channel on daily chart and remains in downtrend from 1.1616 (May 3, 2016 high). As long as the channel resistance holds, the price action from 1.0340 could be treated as consolidation...
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USDCAD Daily Analysis – March 10, 2017
USDCAD’s upward movement from 1.3009 extended to as high as 1.3535. Support is at the bottom of the price channel on 4-hour chart. As long as the pair stays in the channel, the uptrend could be expected...
USDJPY Daily Analysis – March 10, 2017
USDJPY broke above 114.95 resistance, indicating that the downward movement from 118.66 (Dec 15, 2016 high) had completed at 111.59 already. The pair is now in uptrend from 111.68, further rise could be expected over the next...
AUDUSD Daily Analysis – March 10, 2017
AUDUSD stays below the downward trend line on 4-hours chart and remains in downtrend from 0.7740. As long as the pair is below the trend line, the downtrend could be expected to continue, and next target would...