AUDUSD Daily Analysis – October 14, 2016

by ForexCycle.com | October 14, 2016 1:38 am
AUDUSD remains in downtrend from 0.7710, the rise from 0.7506 is likely consolidation of the downtrend. Resistance is located at the top of the price channel on 4-hour chart. As long as the channel resistance holds, the...

EURUSD Daily Analysis – October 14, 2016

by ForexCycle.com | October 14, 2016 1:37 am
EURUSD’s downward movement from 1.1279 extended to as low as 1.0985. Near term resistance is at 1.1080, as long as this level holds, the bounce from 1.0985 could be treated as consolidation of the downtrend. Further decline...

USDJPY Daily Analysis – October 13, 2016

by ForexCycle.com | October 13, 2016 2:38 am
USDJPY stays in the upward price channel on 4-hour chart and remains in uptrend from 100.08. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 106.00...

AUDUSD Daily Analysis – October 13, 2016

by ForexCycle.com | October 13, 2016 2:38 am
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.7710. Further decline could be expected after a minor consolidation, and next target would be at 0.7400 area. Near term resistance is...

GBPUSD Daily Analysis – October 13, 2016

by ForexCycle.com | October 13, 2016 2:37 am
GBPUSD is in short term uptrend from 1.1946, the fall from 1.2477 is likely correction of the uptrend. Further rise to 1.2700 area to complete the upward movement would likely be seen. Key support is at 1.1946,...

EURUSD Daily Analysis – October 13, 2016

by ForexCycle.com | October 13, 2016 2:37 am
EURUSD remains in downtrend from 1.1279 and the downward movement extended to as low as 1.1000. Further decline could be expected after a minor consolidation, and next target would be at 1.0950 area. Near term resistance is...

USDJPY Daily Analysis – October 12, 2016

by ForexCycle.com | October 12, 2016 2:55 am
USDJPY remains in uptrend from 100.08. Another rise to test 104.31 resistance would likely be seen. Support is at 102.50, only break below this level could bring price back to 100.50 zone.

AUDUSD Daily Analysis – October 12, 2016

by ForexCycle.com | October 12, 2016 2:55 am
AUDUSD continued its downward movement from 0.7710 and the fall extended to as low as 0.7532. Resistance is now at 0.7628, as long as this level holds, the downtrend could be expected to continue, and next target...

GBPUSD Daily Analysis – October 12, 2016

by ForexCycle.com | October 12, 2016 2:54 am
GBPUSD is now in uptrend from 1.1946, the fall from 1.2477 is likely correction of the uptrend. Further rally could be expected after correction, and next target would be at 1.2800 area. Key support at 1.1946, only...