USDCAD Daily Analysis – December 8, 2017

by ForexCycle.com | December 8, 2017 2:49 am
USDCAD’s bounce from 1.2623 extended to as high as 1.2868. Further rise to test 1.2916 resistance would likely be seen. A breakout of this level will confirm that the uptrend from 1.2061 (Sep 8 low) has resumed,...

USDJPY Daily Analysis – December 8, 2017

by ForexCycle.com | December 8, 2017 2:48 am
USDJPY broke above 113.08 resistance, indicating that the uptrend from 110.84 has resumed. Further rise could be expected and next target would be at 113.91. Above this level would aim 114.73. Near term support is located at...

AUDUSD Daily Analysis – December 8, 2017

by ForexCycle.com | December 8, 2017 2:47 am
AUDUSD extended its downside movement from 0.7653 to as low as 0.7500, breaking below 0.7532 support, suggesting that the downtrend from 0.8124 (Sep 8 high) has resumed. Further decline would likely be seen in the coming days...

GBPUSD Daily Analysis – December 8, 2017

by ForexCycle.com | December 8, 2017 2:46 am
The GBPUSD pair failed in it attempt to break below the bullish support trend line on the 4-hour chart and rebounded strongly from 1.3319, suggesting that the pair remains in the uptrend from 1.3039. As long as...

EURUSD Daily Analysis – December 8, 2017

by ForexCycle.com | December 8, 2017 2:45 am
EURUSD continued its downside movement from 1.1961, and the fall extended to as low as 1.1761. Further decline would likely be seen and next target would be at 1.1712 support. A breakdown below this level could trigger...

USDCAD Daily Analysis – December 7, 2017

by ForexCycle.com | December 7, 2017 2:01 am
USDCAD bounced strongly from 1.2623 and broke above 1.2750 resistance. Further rise would likely be seen in the coming days and next target would be at 1.2916. A breakout of this level will indicate that the uptrend...

USDJPY Daily Analysis – December 7, 2017

by ForexCycle.com | December 7, 2017 2:01 am
USDJPY is facing the support of the rising trend line on its 4-hour chart. As long as the trend line support holds, the fall from 113.08 could be treated as consolidation of the uptrend from 110.84 and...

AUDUSD Daily Analysis – December 7, 2017

by ForexCycle.com | December 7, 2017 2:00 am
AUDUSD is now facing 0.7532 support. A breakdown below this level will indicate that the downtrend from 0.8124 (Sep 8 high) has resumed, then next target would be at 0.7475 area. Below this level would aim 0.7328...

GBPUSD Daily Analysis – December 7, 2017

by ForexCycle.com | December 7, 2017 1:59 am
GBPUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 1.3039. as long as the price is above the trend line, the pullback from 1.3549 could be treated as consolidation...

EURUSD Daily Analysis – December 7, 2017

by ForexCycle.com | December 7, 2017 1:58 am
EURUSD extended its downside movement from 1.1961 to as low as 1.1780. Further decline is still possible and next target would be at 1.1712. A breakdown below this level could take price to next support level at...