AUDUSD Daily Analysis – August 7, 2017

by ForexCycle.com | August 7, 2017 2:59 am
AUDUSD moved sideways in a trading range between 0.7875 and 0.8065. Key support is at 0.7875, as long as this level holds, the uptrend could be expected to resume and another rise towards 0.8150 is still possible....

GBPUSD Daily Analysis – August 7, 2017

by ForexCycle.com | August 7, 2017 2:59 am
GBPUSD dropped sharply to 1.3020 area after breaking below the bullish trend line on its 4-hour chart, indicating that correction for the uptrend from 1.2589 is underway. Deeper decline to test next support level at 1.2980 is...

EURUSD Daily Analysis – August 7, 2017

by ForexCycle.com | August 7, 2017 2:58 am
EURUSD rebounded from 1.1728 after touching the bottom support trend line of the price channel on its 4-hour chart, indicating that the pair remains in the bullish movement from 1.1312. Key support is now at 1.1728, as...

USDCAD Weekly Analysis – August 6, 2017

by ForexCycle.com | August 6, 2017 1:25 pm
USDCAD is facing the resistance of the bearish trend line on its daily chart. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at around 1.2280....

USDJPY Weekly Analysis – August 6, 2017

by ForexCycle.com | August 6, 2017 1:24 pm
USDJPY moved sideways in a trading range between 108.13 and 115.50 for several months. As long as 108.13 key support holds, the sideways movement could be expected to continue and another rise to retest 115.50 resistance is...

AUDUSD Weekly Analysis – August 6, 2017

by ForexCycle.com | August 6, 2017 1:24 pm
AUDUSD stays above a bullish trend line on its daily chart and remains in the uptrend from 0.7328. Near term support is at 0.7875, as long as this level holds, the uptrend could be expected to continue...

GBPUSD Weekly Analysis – August 6, 2017

by ForexCycle.com | August 6, 2017 1:23 pm
GBPUSD stays above the ascending trend line on its daily chart remains in the uptrend from 1.1987. As long as the price is above the trend line the pullback from 1.3267 could be treated as consolidation of...

EURUSD Weekly Analysis – August 6, 2017

by ForexCycle.com | August 6, 2017 1:22 pm
EURUSD pulled back from 1.1909 after touching the top resistance trend line of the price channel on its daily chart, suggesting that consolidation for the bullish movement from 1.0569 is underway. Range trading between 1.1600 and 1.1909...

USD/JPY Forecast August 7, 2017, Technical Analysis

by FX Empire | August 6, 2017 2:23 am
The US dollar went sideways initially on Friday, hovering above the 110 level. We shot to the upside after that, as the jobs number was much better than anticipated, and that of course suggests that the Federal...