EURUSD Daily Analysis – December 22, 2016

by ForexCycle.com | December 21, 2016 11:11 pm
EURUSD moved sideways in a trading range between 1.0352 and 1.0479. As long as 1.0500 resistance holds, the price action in the range could be treated as consolidation of the downtrend and further decline to 1.0200 area...

How to Get a Firm Handle on Gold’s Ups and Downs

by ForexCycle.com | December 21, 2016 1:39 am
By Elliott Wave International ********* Hardly anyone likes gold today. In the closing days of November, the Daily Sentiment Index (trade-futures.com) registered a ten-day average of just 9.1% gold bulls. That was only the third time in...

USDCAD Daily Analysis – December 21, 2016

by ForexCycle.com | December 21, 2016 1:34 am
USDCAD remains in uptrend from 1.3080, the price action from 1.3417 is likely consolidation of the uptrend. Support is at 1.3280, as long as this level holds, the uptrend could be expected to resume, and further rise...

USDJPY Daily Analysis – December 21, 2016

by ForexCycle.com | December 21, 2016 1:33 am
USDJPY remains in uptrend from 101.18, the fall from 118.66 could be treated as consolidation of the uptrend. Key support is at 114.73, as long as this level holds, the uptrend could be expected to continue, and...

AUDUSD Daily Analysis – December 21, 2016

by ForexCycle.com | December 21, 2016 1:32 am
AUDUSD continued its downward movement from 0.7524 and the fall extended to as low as 0.7222. Resistance levels are at 0.7280 and 0.7360, as long as these levels hold, the downtrend could be expected to continue, and...

GBPUSD Daily Analysis – December 21, 2016

by ForexCycle.com | December 21, 2016 1:32 am
GBPUSD’s downward movement from 1.2774 extended to as low as 1.2312. Further decline could be expected after a minor consolidation and next target would be at 1.2250 area. Resistance is at 1.2500, only break above this level...

EURUSD Daily Analysis – December 21, 2016

by ForexCycle.com | December 21, 2016 1:31 am
EURUSD remains in downtrend from 1.0873, the price action from 1.0366 is likely consolidation of the downtrend. Resistance is at 1.0500, as long as this level holds, the downtrend could be expected to continue and next target...

USDCAD Daily Analysis – December 19, 2016

by ForexCycle.com | December 19, 2016 5:31 am
USDCAD remains in uptrend from 1.3080, the fall from 1.3417 is likely consolidation of the uptrend. Support is at 1.3200, as long as this level holds, the uptrend could be expected to resume, and further rise to...

USDJPY Daily Analysis – December 19, 2016

by ForexCycle.com | December 19, 2016 5:31 am
USDJPY’s upward movement from 101.18 extended to as high as 118.66. Key support is at 114.73, as long as this level holds, the uptrend could be expected to continue, and next target would be at 120.00 area....

AUDUSD Daily Analysis – December 19, 2016

by ForexCycle.com | December 19, 2016 5:30 am
AUDUSD broke below 0.7310 support, indicating that the downtrend from 0.7778 has resumed. Further decline could be expected after a minor consolidation, and next target would be at 0.7200 area. Resistance is at 0.7380, only break above...