USDCAD Daily Analysis – January 11, 2018

by ForexCycle.com | January 11, 2018 4:02 am
USDCAD broke above 1.2555 resistance, indicating that the downtrend from 1.2920 had completed at 1.2355 already. Further rally would likely be seen after a minor consolidation and next target would be at 1.2650 area. Support levels are...

USDJPY Daily Analysis – January 11, 2018

by ForexCycle.com | January 11, 2018 4:01 am
USDJPY broke below 112.03 support and extended its downside movement to as low as 111.27. Further decline could be expected and next target would be at 110.84 support. Near term resistance is at 111.90, only break above...

AUDUSD Daily Analysis – January 11, 2018

by ForexCycle.com | January 11, 2018 4:00 am
AUDUSD broke above 0.7874 resistance, suggesting that the uptrend from 0.7501 has resumed. Further rise could be expected and next target would be at 0.7950 area. Key support is now at 0.7807, only a breakdown below this...

GBPUSD Daily Analysis – January 11, 2018

by ForexCycle.com | January 11, 2018 3:56 am
GBPUSD broke below 1.3494 support, suggesting that the upside movement from 1.3301 had completed at 1.3612 already. Further decline would likely be seen in a couple of days and next target would be at 1.3420 area, followed...

EURUSD Daily Analysis – January 11, 2018

by ForexCycle.com | January 11, 2018 3:55 am
EURUSD remains in the downtrend from 1.2089, the bounce from 1.1915 is likely correction of the downtrend. Another fall could be expected after the correction and a breakdown below 1.1915 support could take price to the bullish...

USDCAD Daily Analysis – January 10, 2018

by ForexCycle.com | January 10, 2018 5:01 am
USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.2920 had completed at 1.2355 already. Further rally is still possible and next target would be at 1.2555. As long...

USDJPY Daily Analysis – January 10, 2018

by ForexCycle.com | January 10, 2018 5:00 am
USDJPY is facing 112.03 support once again. A breakdown below this level could take price towards 110.84. However, as long as 112.03 support holds, the price action from 113.75 could be treated as consolidation of the uptrend...

AUDUSD Daily Analysis – January 10, 2018

by ForexCycle.com | January 10, 2018 4:59 am
AUDUSD broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the upside movement from 0.7501 had completed at 0.7874 already. Further decline would likely be seen after a minor...

GBPUSD Daily Analysis – January 10, 2018

by ForexCycle.com | January 10, 2018 4:58 am
GBPUSD continued its sideways movement in a trading range between 1.3494 and 1.3612. The sideways movement is likely consolidation of the uptrend from 1.3301. A breakout of 1.3612 resistance will indicate that the upside movement has resumed,...

EURUSD Daily Analysis – January 10, 2018

by ForexCycle.com | January 10, 2018 4:57 am
EURUSD extended its downside movement from 1.2089 to as low as 1.1915. Further decline would likely be seen after a minor consolidation and a breakdown below 1.1915 support could take price towards 1.1850, followed by 1.1717. Near...