USDJPY Daily Analysis – September 29, 2016

by ForexCycle.com | September 29, 2016 3:27 am
USDJPY stays below the downward trend line on 4-hour chart. As long as the trend line resistance holds, the pair is in downtrend from 104.31, and the rise from 100.08 could be treated as consolidation of the...

AUDUSD Daily Analysis – September 29, 2016

by ForexCycle.com | September 29, 2016 3:26 am
AUDUSD continued its upward movement from 0.7441 and the rise extended to as high as 0.7710. Further rise to test 0.7731 resistance is possible. Key support is at 0.7602, only break below this level could signal completion...

GBPUSD Daily Analysis – September 29, 2016

by ForexCycle.com | September 29, 2016 3:26 am
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.3445 could be expected to continue, and further decline to test 1.2865 (Aug...

EURUSD Daily Analysis – September 29, 2016

by ForexCycle.com | September 29, 2016 3:25 am
EURUSD is now in short term downtrend from 1.1279. Deeper decline to test 1.1123 key support is possible, and a breakdown below this level will indicate that the longer term downtrend from 1.1366 (Aug 18 high) has...

AUDUSD Daily Analysis – September 28, 2016

by ForexCycle.com | September 28, 2016 4:18 am
AUDUSD’s upward movement from 0.7441 extended to as high as 0.7695. Key support is now at 0.7602, as long as this level holds, the uptrend could be expected to continue, and further rise to test 0.7731 resistance...

EURUSD Daily Analysis – September 28, 2016

by ForexCycle.com | September 28, 2016 4:17 am
EURUSD broke below 1.1200 support that we mentioned yesterday, indicating that the rebound from 1.1123 had completed at 1.1279 already. Another fall to retest 1.1123 support could be expected, a breakdown below this level will signal resumption...

USDCAD Daily Analysis – September 27, 2016

by ForexCycle.com | September 27, 2016 2:11 am
USDCAD continued its upward movement from 1.3000, and the rise extended to as high as 1.3275. Further rise is still possible in a couple of days, and next target would be at 1.3300 area. Support is at...

USDJPY Daily Analysis – September 27, 2016

by ForexCycle.com | September 27, 2016 2:10 am
USDJPY’s downward movement from 104.31 extended to as low as 100.08. Further decline to test 99.52 (Aug 16 low) support is possible after a minor consolidation. Resistance is at 101.30, only break above this level could bring...

AUDUSD Daily Analysis – September 27, 2016

by ForexCycle.com | September 27, 2016 2:10 am
AUDUSD broke below the bottom of the price channel on 4-hour chart, implying that the uptrend from 0.7441 had completed at 0.7674 already. Key support is at 0.7602, a breakdown below this level will confirm the completion...

GBPUSD Daily Analysis – September 27, 2016

by ForexCycle.com | September 27, 2016 2:09 am
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3445. As long as the trend line resistance holds, further decline to test 1.2865 (Aug 15 low) support is possible. On the...