USDCAD Daily Analysis – December 6, 2017

by ForexCycle.com | December 6, 2017 2:01 am
USDCAD extended its downside movement from 1.2909 to as low as 1.2623. Further decline would likely be seen after a minor consolidation and next target would be at 1.2600 area. Near term resistance is at 1.2750, only...

USDJPY Daily Analysis – December 6, 2017

by ForexCycle.com | December 6, 2017 1:59 am
USDJPY remains in uptrend from 110.84, the fall from 113.08 could be treated as consolidation of the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could...

AUDUSD Daily Analysis – December 6, 2017

by ForexCycle.com | December 6, 2017 1:59 am
After touching 0.7644 resistance, AUDUSD fell to 0.7571, indicating that the pair remains in the downtrend from 0.8124 (Sep 8 high) and the price action from 0.7532 is consolidation of the downtrend. Deeper decline to test 0.7532...

GBPUSD Daily Analysis – December 6, 2017

by ForexCycle.com | December 6, 2017 1:58 am
GBPUSD’s pullback from 1.3549 extended to as low as 1.3370. Further decline is still possible and next target would be at the rising trend line on the 4-hour chart. As long as the trend line support holds,...

EURUSD Daily Analysis – December 6, 2017

by ForexCycle.com | December 6, 2017 1:57 am
EURUSD broke below 1.1809 support, suggesting that the upside movement from 1.1554 had completed at 1.1961 already. Further decline would likely be seen in the coming days and next target would be at 1.1712. A breakdown below...

USDCAD Daily Analysis – December 5, 2017

by ForexCycle.com | December 5, 2017 5:35 am
USDCAD moved below 1.2666 support. Further decline would likely be seen and next target would be at 1.2600 area. Below this level would aim 1.2433 support. Near term resistance is at 1.2750, only break above this level...

USDJPY Daily Analysis – December 5, 2017

by ForexCycle.com | December 5, 2017 5:34 am
USDJPY extended its upside movement from 110.84 to as high as 113.08. As long as the price is above the rising trend line on the 4-hour chart, the uptrend could be expected to continue and next target...

AUDUSD Daily Analysis – December 5, 2017

by ForexCycle.com | December 5, 2017 5:33 am
AUDUSD broke above 0.7644 resistance, indicating that the downside movement from 0.7897 had completed at 0.7532 already. Further rally could be expected and next target would be at 0.7729. Support levels are at 0.7575 and 0.7532, only...

GBPUSD Daily Analysis – December 5, 2017

by ForexCycle.com | December 5, 2017 5:30 am
The GBPUSD pair remains in uptrend from 1.3039, the fall from 1.3549 could be treated as consolidation of the uptrend. As long as the price is above the trend line, the uptrend could be expected to continue...

EURUSD Daily Analysis – December 5, 2017

by ForexCycle.com | December 5, 2017 5:26 am
EURUSD moved sideways in a range between 1.1809 and 1.1961. As long as 1.1809 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.1554 and another rise towards 1.2092 (Sep 8 high)...