USDCAD Daily Analysis – January 9, 2018

by ForexCycle.com | January 9, 2018 4:08 am
USDCAD remains in the downtrend from 1.2920. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 1.2355 could be treated as consolidation of the downtrend. A breakdown below...

USDJPY Daily Analysis – January 9, 2018

by ForexCycle.com | January 9, 2018 4:07 am
USDJPY moved sideways in a trading range between 112.03 and 113.75. The sideways movement is likely consolidation of the uptrend from 110.84. A breakout of 113.75 resistance could trigger another rise towards 115.50. Only a breakdown below...

AUDUSD Daily Analysis – January 9, 2018

by ForexCycle.com | January 9, 2018 4:05 am
AUDUSD extended its upside movement from 0.7501 to as high as 0.7874. Near term support is at the bottom of the price channel on the 4-hour chart. As long as the channel support holds, the uptrend could...

GBPUSD Daily Analysis – January 9, 2018

by ForexCycle.com | January 9, 2018 4:01 am
GBPUSD moved sideways in a trading range between 1.3494 and 1.3512. As long as 1.3494 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.3301 and another rise to test 1.3657 (Sep...

EURUSD Daily Analysis – January 9, 2018

by ForexCycle.com | January 9, 2018 3:59 am
EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.1717 had completed at 1.2089 already. Further decline would likely be seen after a minor consolidation and next target would...

USDCAD Daily Analysis – January 4, 2018

by ForexCycle.com | January 4, 2018 2:43 am
USDCAD broke above the bearish trend line on the 4-hour chart, suggesting that consolidation for the downtrend from 1.2920 is underway. Range trading between 1.2499 and 1.2600 would likely be seen in a couple of days. As...

USDJPY Daily Analysis – January 4, 2018

by ForexCycle.com | January 4, 2018 2:42 am
USDJPY failed to break below 112.03 support, suggesting that lengthier sideways movement in a range between 112.03 and 113.75 is underway. Further rally towards 113.75 resistance would likely be seen in the coming days. Only a breakdown...

AUDUSD Daily Analysis – January 4, 2018

by ForexCycle.com | January 4, 2018 2:40 am
AUDUSD stays in a rising price channel on its 4-hour chart and remains in the uptrend from 0.7501. As long as the price is in the channel, the uptrend could be expected to continue and next target...

GBPUSD Daily Analysis – January 4, 2018

by ForexCycle.com | January 4, 2018 2:39 am
GBPUSD pulled back from 1.3612, facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the pullback could be treated as consolidation of the uptrend from 1.3301...

EURUSD Daily Analysis – January 4, 2018

by ForexCycle.com | January 4, 2018 2:38 am
EURUSD failed in its attempt to break above 1.2092 (Sep 8 high) resistance and pulled back from 1.2081. As long as the price is above the bullish trend line on the 4-hour chart, the pullback could be...