USDCAD Daily Analysis – November 1, 2017

by ForexCycle.com | November 1, 2017 2:00 am
USDCAD failed in its attempt to break below the bullish trend line on the 4-hour chart and is now facing 1.2916 resistance. A breakout of this level could signal resumption of the uptrend from 1.2450, then next...

USDJPY Daily Analysis – November 1, 2017

by ForexCycle.com | November 1, 2017 2:00 am
USDJPY’s fall from 114.45 had completed at 112.95 already. The subsequent bounce would possibly be resumption of the uptrend from 111.65. Further rise to test 114.45 resistance could be expected, a breakout of this level could trigger...

AUDUSD Daily Analysis – November 1, 2017

by ForexCycle.com | November 1, 2017 1:59 am
AUDUSD failed to break above 0.7718 resistance and stayed in a trading range between 0.7624 and 0.7718. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as...

GBPUSD Daily Analysis – November 1, 2017

by ForexCycle.com | November 1, 2017 1:58 am
GBPUSD continued its sideways movement in a range between 1.3027 and 1.3337, and is facing 1.3337 resistance once again. A breakout of this level could trigger further upside movement to 1.3500 zone. Near term support is at...

EURUSD Daily Analysis – November 1, 2017

by ForexCycle.com | November 1, 2017 1:55 am
EURUSD is in consolidation for the downtrend from 1.1879. Range trading between 1.1574 and 1.1685 would likely be seen in a couple of days. Near term resistance is at 1.1685, as long as this level holds, the...