EURUSD Daily Analysis – September 21, 2016

by ForexCycle.com | September 21, 2016 7:21 am
EURUSD is testing 1.1123 support, a breakdown below this level will confirm that the downtrend from 1.1366 has resumed, then next target would be at 1.1000 area. Near term resistance is at the downward trend line on...

USDCAD Daily Analysis – September 20, 2016

by ForexCycle.com | September 20, 2016 2:30 am
USDCAD remains in uptrend from 1.2822, the fall from 1.3248 could be treated as consolidation of the uptrend. Key support is at 1.3100, as long as this level holds, the uptrend could be expected to continue, and...

AUDUSD Daily Analysis – September 20, 2016

by ForexCycle.com | September 20, 2016 2:29 am
AUDUSD broke above 0.7567 resistance, indicating that the downward movement from 0.7731 had completed at 0.7441 already. Further rally would likely be seen over the next several days, and the target would be at 0.7650 area. Support...

GBPUSD Daily Analysis – September 20, 2016

by ForexCycle.com | September 20, 2016 2:28 am
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3445. Further decline is still possible after a minor consolidation, and next target would be at 1.2900 area. Near term resistance is...

EURUSD Daily Analysis – September 20, 2016

by ForexCycle.com | September 20, 2016 2:28 am
EURUSD is in downtrend from 1.1326. Further decline to test 1.1123 support is possible, and a breakdown below this level will indicate that the longer term downtrend from 1.1366 has resumed, then next target would be at...

USDCAD Daily Analysis – September 19, 2016

by ForexCycle.com | September 19, 2016 2:24 am
USDCAD’s upward movement from 1.2822 extended to as high as 1.3248. Further rise is still possible after a minor consolidation, and next target would be at 1.3300 area. Key support is at 1.3100, only break below this...

USDJPY Daily Analysis – September 19, 2016

by ForexCycle.com | September 19, 2016 2:24 am
USDJPY stayed in the trading range between 101.20 and 103.35 for several days. Support is at 101.20, a breakdown below this level could bring price to test 99.52 support. Resistance is at 103.35, only break above this...

AUDUSD Daily Analysis – September 19, 2016

by ForexCycle.com | September 19, 2016 2:23 am
AUDUSD remains in downtrend from 0.7731, the rise from 0.7441 is likely consolidation of the downtrend. Key resistance is at 0.7567, as long as this level holds, the downtrend could be expected to resume after consolidation, and...

GBPUSD Daily Analysis – September 19, 2016

by ForexCycle.com | September 19, 2016 2:23 am
GBPUSD continued its downward movement from 1.3445 and the fall extended to as low as 1.2995. Further decline could be expected after a minor consolidation, and next target would be at 1.2900 area. Near term resistance is...

EURUSD Daily Analysis – September 19, 2016

by ForexCycle.com | September 19, 2016 2:22 am
EURUSD broke below 1.1198 support and continued its downward movement from 1.1326. Further decline to test 1.1123 support is possible after a minor consolidation, a breakdown below this level will confirm that the longer term downtrend from...