GBPUSD Daily Analysis – September 1, 2016

by ForexCycle.com | September 1, 2016 2:41 am
GBPUSD remains in downtrend from 1.3278. The rise from 1.3059 is likely correction of the downtrend. Another fall could be expected after correction, and next target would be at 1.2900 area. Key resistance is at 1.3278, only...

EURUSD Daily Analysis – September 1, 2016

by ForexCycle.com | September 1, 2016 2:40 am
EURUSD continued its downward movement from 1.1366 and the fall extended to as low as 1.1123. Further decline is still possible after a minor consolidation, and next target would be at 1.1000 area. Resistance is at 1.1210,...

A Two-Bar Pattern that Points to Trade Setups

by ForexCycle.com | August 31, 2016 5:40 am
By Elliott Wave International Some people like to get outside on the weekends, maybe playing tennis or working in the yard. Some people like to visit their friends or cook a big meal or go out to...

USDCAD Daily Analysis – August 31, 2016

by ForexCycle.com | August 31, 2016 5:36 am
USDCAD’s upward movement from 1.2763 extended to as high as 1.3112. Further rise could be expected after a minor consolidation, and next target would be at 1.3200 area. Support is at 1.3000, as long as this level...

USDJPY Daily Analysis – August 31, 2016

by ForexCycle.com | August 31, 2016 5:36 am
USDJPY’s upward movement from 99.52 extended to as high as 103.22. Further rise is still possible over the next several days, and next target would be at 106.00 area. Support is at 101.70, only break below this...

AUDUSD Daily Analysis – August 31, 2016

by ForexCycle.com | August 31, 2016 5:35 am
AUDUSD continued its downward movement from 0.7755, and the fall extended to as low as 0.7500. Further decline is still possible over the next several days, and next target would be at 0.7250 area. Near term resistance...

GBPUSD Daily Analysis – August 31, 2016

by ForexCycle.com | August 31, 2016 5:34 am
GBPUSD remains in downtrend from 1.3278. Further decline could be expected in a couple of days, and next target would be at 1.2900 area. Resistance is at 1.3278, only break above this level could trigger another rise...

EURUSD Daily Analysis – August 31, 2016

by ForexCycle.com | August 31, 2016 5:34 am
EURUSD’s downward movement from 1.1366 extended to as low as 1.1132. Resistance is at 1.1210, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.1000 area. On...

AUD/USD Forecast August 30, 2016, Technical Analysis

by ForexCycle.com | August 30, 2016 7:07 am
The AUD/USD pair initially fell during the course of the day on Monday, but turn right back around to form a bit of positive momentum. With this being the case, it will be interesting to see what...

USDCAD Daily Analysis – August 30, 2016

by ForexCycle.com | August 30, 2016 2:23 am
USDCAD is in uptrend from 1.2763. Further rise is still possible over the next several days, and next target would be at 1.3200 area. Support levels are at 1.2900 and 1.2830, only break below these levels could...