USDCAD Daily Analysis – December 15, 2017

by ForexCycle.com | December 15, 2017 2:35 am
USDCAD dropped sharply from 1.2892 to as low as 1.2713. Further decline is still possible after consolidation and next target would be at 1.2623 support. Near term resistance is at 1.2815, only break above this level could...

USDJPY Daily Analysis – December 15, 2017

by ForexCycle.com | December 15, 2017 2:35 am
USDJPY broke below the bullish support trend line on its 4-hour chart, suggesting that the upside movement from 110.84 had completed at 113.75 already. Further decline would likely be seen in the coming days and next target...

AUDUSD Daily Analysis – December 15, 2017

by ForexCycle.com | December 15, 2017 2:34 am
AUDUSD is now in uptrend from 0.7501. Further rise could be expected after a minor consolidation and next target would be at 0.7720, followed by 0.7800 area. Near term support is at 0.7630, a breakdown below this...

GBPUSD Daily Analysis – December 15, 2017

by ForexCycle.com | December 15, 2017 2:34 am
GBPUSD remains in the downtrend from 1.3549, the bounce from 1.3303 is likely consolidation of the downtrend. Further decline is still possible after the consolidation and a breakdown below 1.3303 support could aim 1.3220 support. Below this...

EURUSD Daily Analysis – December 15, 2017

by ForexCycle.com | December 15, 2017 2:33 am
EURUSD’s bounce from 1.1717 extended to as high as 1.1862, the subsequent fall is likely resumption of the downtrend from 1.1961. Further decline to test 1.1712 support would likely be seen, a breakdown below this level could...

USDCAD Daily Analysis – December 14, 2017

by ForexCycle.com | December 14, 2017 7:35 am
USDCAD broke below 1.2804 support, suggesting that the upside movement from 1.2623 had completed at 1.2892 already. Further decline towards 1.2623 would likely be seen in the coming days. Resistance is at 1.2892, only break above this...

USDJPY Daily Analysis – December 14, 2017

by ForexCycle.com | December 14, 2017 7:34 am
USDJPY failed to break above 113.91 resistance and dropped down from 113.75, facing the bullish trend line on its 4-hour chart. A clear break below the trend line support will confirm that the short term uptrend from...

AUDUSD Daily Analysis – December 14, 2017

by ForexCycle.com | December 14, 2017 7:32 am
AUDUSD broke above 0.7653 resistance, suggesting that the downside movement from 0.8124 (Sep 8 high) had completed at 0.7501 already. Further rise would likely be seen and next target would be at 0.7720 area. Support levels are...

GBPUSD Daily Analysis – December 14, 2017

by ForexCycle.com | December 14, 2017 7:32 am
GBPUSD broke below the bullish trend line on the 4-hour chart and is now in downtrend from 1.3549, the bounce from 1.3303 would possibly be consolidation of the downtrend. Another fall could be expected after the consolidation...

EURUSD Daily Analysis – December 14, 2017

by ForexCycle.com | December 14, 2017 7:31 am
EURUSD failed to break below 1.1712 support and rebounded from 1.1717, breaking above 1.1814 resistance, suggesting that the downside movement from 1.1961 had completed at 1.1717 already. Further rally would likely be seen in the coming days...