USDCAD Daily Analysis – November 30, 2017

by ForexCycle.com | November 30, 2017 1:43 am
USDCAD broke above 1.2836 resistance. Further rise towards 1.2916 previous high would likely be seen in the coming days. A breakout of this level will confirm that the uptrend from 1.2061 (Sep 8 low) has resumed, then...

USDJPY Daily Analysis – November 30, 2017

by ForexCycle.com | November 30, 2017 1:42 am
USDJPY broke above 111.69 resistance, indicating that the downtrend from 114.73 had completed at 110.84 already. Further rally would likely be seen, and next target would be at 112.71. Support is now at 111.69, only a breakdown...

AUDUSD Daily Analysis – November 30, 2017

by ForexCycle.com | November 30, 2017 1:42 am
AUDUSD’s fall from 0.7644 extended to as low as 0.7552. Deeper decline to test 0.7532 support is possible and a breakdown below this level could signal resumption of the downtrend from 0.7897, then next target would be...

GBPUSD Daily Analysis – November 30, 2017

by ForexCycle.com | November 30, 2017 1:41 am
GBPUSD’s upside movement from 1.3039 extended to as high as 1.3448, breaking above the top trend line of the price channel on the 4-hour chart, facing a bearish trend line on the weekly chart. Breakthrough here could...

EURUSD Daily Analysis – November 30, 2017

by ForexCycle.com | November 30, 2017 1:40 am
EURUSD is facing the support of the rising trend line from 1.1554 to 1.1712 on the 4-hour chart. As long as the trend line support holds, the fall from 1.1961 could be treated as consolidation of the...

USDCAD Daily Analysis – November 29, 2017

by ForexCycle.com | November 29, 2017 3:54 am
USDCAD is facing 1.2836 resistance. A breakout of this level could trigger further upside movement towards 1.2916 previous high. Near term support is at 1.2750, a breakdown below this level could bring price back to test 1.2666...

USDJPY Daily Analysis – November 29, 2017

by ForexCycle.com | November 29, 2017 3:53 am
USDJPY broke above the falling trend line on the 4-hour chart and is now facing 111.69 resistance. As long as this level holds, the sideways movement in a trading range between 110.84 and 111.69 could be treated...

AUDUSD Daily Analysis – November 29, 2017

by ForexCycle.com | November 29, 2017 3:52 am
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7897. Near term support is at 0.7580, a breakdown below this level could take price to next support level at...

GBPUSD Daily Analysis – November 29, 2017

by ForexCycle.com | November 29, 2017 3:52 am
GBPUSD extended its upside movement from 1.3039 to as high as 1.3387. 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...

EURUSD Daily Analysis – November 29, 2017

by ForexCycle.com | November 29, 2017 3:51 am
EURUSD’s fall from 1.1961 extended to as low as 1.1827. However, as long as the price is above the bullish trend line on the 4-hour chart, the fall could be treated as consolidation of the uptrend from...