EURCAD Descending Channel (July 31, 2017)

by Kate Curtis | July 31, 2017 3:43 am
EURCAD has been trending lower, moving inside a descending channel on its 4-hour chart. Price has bounced off support and has made its way towards resistance at the 1.4650 minor psychological level, which might continue to keep...

Gold Price Would Test 1300 Resistance

by ForexCycle.com | July 30, 2017 11:01 pm
XAUUSD recently broke above 1258.78 resistance and continued its bullish movement from the July 10 low of 1204.77, and the bullish movement extended to as high as 1270.81. On the upside The gold price stays above a...

USDCAD Daily Analysis – July 31, 2017

by ForexCycle.com | July 30, 2017 10:22 pm
USDCAD stays below a bearish trend line on the 4-hour chart and remains in downtrend from 1.3347. As long as the pair is below the trend line, the downtrend could be expected to continue and next target...

USDJPY Daily Analysis – July 31, 2017

by ForexCycle.com | July 30, 2017 10:22 pm
USDJPY broke below 110.62 support and continued its bearish movement from 114.49. Further decline could be expected and next target would be at 109.00 area. Key resistance is now at 112.19, only break above this level could...

AUDUSD Daily Analysis – July 31, 2017

by ForexCycle.com | July 30, 2017 10:21 pm
AUDUSD’s bullish movement from 0.7571 extended to as high as 0.8065. Key support is at 0.7875, as long as this level holds, the uptrend could be expected to continue and next target would be at 0.8150 area....

GBPUSD Daily Analysis – July 31, 2017

by ForexCycle.com | July 30, 2017 10:20 pm
GBPUSD is in uptrend from 1.2932, the fall from 1.3158 could be treated as consolidation of the uptrend. Support is at the rising trend trend line on the 4-hour chart. As long as the trend line support...

EURUSD Daily Analysis – July 31, 2017

by ForexCycle.com | July 30, 2017 10:19 pm
EURUSD stays in a bullish price channel on its 4-hour chart and remains in uptrend from 1.1312. As long as the price is in the channel, the uptrend could be expected to continue and next target would...

USDCAD Weekly Analysis – July 30, 2017

by ForexCycle.com | July 30, 2017 3:16 am
USDCAD extended its bearish movement from 1.3793 to as low as 1.2413, and broke below 1.2460 (the May 2016 low) support, suggesting that the long term downtrend from 1.4689 (Jan 20, 2016 high) has resumed. Further decline...

USDJPY Weekly Analysis – July 30, 2017

by ForexCycle.com | July 30, 2017 3:15 am
USDJPY formed sideways movement in a trading range between 108.13 and 115.50 for several months. Another fall to retest 108.13 support would likely be seen, and a breakdown below this level signal resumption of the downtrend from...

AUDUSD Weekly Analysis – July 30, 2017

by ForexCycle.com | July 30, 2017 3:14 am
AUDUSD’s bullish movement from 0.7328 extended to as high as 0.8065. Near term support is at 0.7875, as long as the price is above this level, the bullish movement could be expected to continue and next target...