USDCAD Daily Analysis – January 3, 2018

by ForexCycle.com | January 3, 2018 4:07 am
USDCAD stays below a bearish trend line on the 4-hour chart and remains in downtrend from 1.2920. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be...

USDJPY Daily Analysis – January 3, 2018

by ForexCycle.com | January 3, 2018 4:06 am
USDJPY is now facing 112.03 support. A breakdown below this level could take price to next support level at 110.84. Near term resistance is at 112.60, only break above this level could trigger another rise to test...

AUDUSD Daily Analysis – January 3, 2018

by ForexCycle.com | January 3, 2018 4:06 am
AUDUSD extended its upside movement from 0.7501 to as high as 0.7844. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected to continue and next target...

GBPUSD Daily Analysis – January 3, 2018

by ForexCycle.com | January 3, 2018 4:05 am
GBPUSD’s upside movement from 1.3301 extended to as high as 1.3605. Further rise is still possible in a couple of days and next target would be at 1.3700 area. Near term support is at 1.3550, below this...

EURUSD Daily Analysis – January 3, 2018

by ForexCycle.com | January 3, 2018 4:03 am
EURUSD continued its upside movement from 1.1717 and the rise extended to as high as 1.2081, facing 1.2092 (Sep 8 high) resistance. A breakout of this level could trigger further upside movement towards 1.2500. Near term support...

USDCAD Daily Analysis – December 29, 2017

by ForexCycle.com | December 29, 2017 2:46 am
USDCAD broke below 1.2623 support and extended its downside movement from 1.2920 to as low as 1.2556. Further decline is still possible and next target would be at 1.2433. Near term resistance is at the falling trend...

USDJPY Daily Analysis – December 29, 2017

by ForexCycle.com | December 29, 2017 2:45 am
USDJPY’s fall from 113.63 extended to as low as 112.66. Further decline would likely be seen and next target would be at 112.03. Below this level could take price to next support level at 110.84. Near term...

AUDUSD Daily Analysis – December 29, 2017

by ForexCycle.com | December 29, 2017 2:44 am
AUDUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 0.7501. As long as the trend line support holds, the upside movement could be expected to continue and next target...

GBPUSD Daily Analysis – December 29, 2017

by ForexCycle.com | December 29, 2017 2:43 am
GBPUSD is now facing 1.3466 resistance. A breakout of this level could take price towards 1.3549. Above here would aim 1.3657 (Sep 20 high). Near term support is at 1.3385, a breakdown below this level could bring...

EURUSD Daily Analysis – December 29, 2017

by ForexCycle.com | December 29, 2017 2:43 am
EURUSD extended its upside movement to as high as 1.1959, facing the resistance at 1.1961. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to...