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...

AUDUSD Daily Analysis – August 30, 2016

by ForexCycle.com | August 30, 2016 2:23 am
AUDUSD is in downtrend from 0.7755. Further decline could be expected in a couple of days, and next target would be at 0.7250 area. Resistance is located at the downward trend line on 4-hour chart, only a...

USDJPY Daily Analysis – August 29, 2016

by ForexCycle.com | August 29, 2016 11:37 am
USDJPY failed to break below 98.97 (Jun 24, 2016 low) support and rebounded strongly from 99.52, indicating that the downward movement from 107.48 had completed. Further rally could be expected in a couple of days, and next...

GBPUSD Daily Analysis – August 29, 2016

by ForexCycle.com | August 29, 2016 11:36 am
GBPUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.2865 had completed at 1.3278 already. Further decline could be expected in a couple of days and next target would be at...

EURUSD Daily Analysis – August 29, 2016

by ForexCycle.com | August 29, 2016 11:35 am
EURUSD is in downtrend from 1.1366. Further decline could be expected over the next several days, and next target would be at 1.1000 area. Resistance is at 1.2270, only break above this level could trigger another rise...

USDCAD Weekly Analysis – August 28, 2016

by ForexCycle.com | August 28, 2016 8:15 am
USDCAD remains in uptrend from 1.2460, the price action from 1.3188 is likely consolidation of the uptrend. Another rise to 1.3600 area to complete the upward movement is possible over the next several weeks. Support is at...

USDJPY Weekly Analysis – August 28, 2016

by ForexCycle.com | August 28, 2016 8:15 am
USDJPY failed to break below 98.97 support, indicating that lengthier consolidation for the downtrend from 123.75 (Nov 18, 2015 high) is needed. Range trading between 98.97 and 107.48 would likely be seen over the next several weeks....