USDCAD Daily Analysis – November 16, 2017

by ForexCycle.com | November 16, 2017 1:45 am
USDCAD extended its short term uptrend from 1.2666 to as high as 1.2789, facing a resistance level at 1.2819. A breakout of this level could take price to next resistance level at 1.2916, followed by 1.3100. Near...

USDJPY Daily Analysis – November 16, 2017

by ForexCycle.com | November 16, 2017 1:41 am
USDJPY extended its downside movement from 114.73 to as low as 112.47 after breaking below 112.95 support. Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance...

AUDUSD Daily Analysis – November 16, 2017

by ForexCycle.com | November 16, 2017 1:39 am
AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.7729. As long as the price is below the trend line, the downtrend could be expected to continue and next...

GBPUSD Daily Analysis – November 16, 2017

by ForexCycle.com | November 16, 2017 1:38 am
GBPUSD is now facing 1.3229 resistance. A break above this level could take price to next resistance level at 1.3337. Above this level could trigger further upside move to 1.3470 area. However, as long as 1.3337 resistance...

EURUSD Daily Analysis – November 16, 2017

by ForexCycle.com | November 16, 2017 1:37 am
EURUSD failed in its attempt to breakout of 1.1879 resistance and pulled back from 1.1860. However, as long as the price is above 1.1740 support, the fall would possibly be consolidation of the uptrend from 1.1554, and...

USDCAD Daily Analysis – November 15, 2017

by ForexCycle.com | November 15, 2017 2:35 am
USDCAD is now in short term uptrend from 1.2666. Further rise to test 1.2819 resistance would likely be seen, a breakout of this level could bring price towards 1.2916 previous high. Near term support is at 1.2666,...

USDJPY Daily Analysis – November 15, 2017

by ForexCycle.com | November 15, 2017 2:34 am
USDJPY is facing 112.95 support once again. A breakdown below this level could take price to next support level at 112.65. Below here could trigger further decline towards 111.65 key support. Near term resistance is at 113.90,...

AUDUSD Daily Analysis – November 15, 2017

by ForexCycle.com | November 15, 2017 2:33 am
AUDUSD continued its downside movement from 0.7729 and the fall extends to as low as 0.7576. Near term resistance is at the falling trend line on the 4-hour chart. As long as the price is below the...

GBPUSD Daily Analysis – November 15, 2017

by ForexCycle.com | November 15, 2017 2:33 am
GBPUSD failed to break below 1.3027 support once again and stays in the trading range between 1.3027 and 1.3337. Sideways movement in the range could be expected to continue in a couple of days. Near term resistance...

EURUSD Daily Analysis – November 15, 2017

by ForexCycle.com | November 15, 2017 2:32 am
EURUSD bounced strongly to as high as 1.1805, breaking above the falling trend line on the 4-hour chart. Near term support is at 1.1740, as long as this level holds, the upside movement from 1.1554 could be...