USDCAD Daily Analysis – November 6, 2017

by ForexCycle.com | November 6, 2017 1:40 am
USDCAD broke below 1.2780 support, indicating that lengthier consolidation for the uptrend from 1.2061 (Sep 8 low) is underway. Range trading between 1.2600 and 1.2916 would likely be seen in the coming days. As long as 1.2600...

USDJPY Daily Analysis – November 6, 2017

by ForexCycle.com | November 6, 2017 1:39 am
USDJPY is facing 114.45 resistance, a breakout of this level could signal resumption of the uptrend from 111.65, then next resistance level would be at 115.50. Near term support is at 113.50, below this level could see...

AUDUSD Daily Analysis – November 6, 2017

by ForexCycle.com | November 6, 2017 1:38 am
AUDUSD pulled back to 0.7640 area after touching 0.7718 resistance, indicating that the pair remains in the downtrend from 0.8124 (Sep 8 high). A breakdown below 0.7624 support could signal resumption of the downtrend, then next target...

GBPUSD Daily Analysis – November 6, 2017

by ForexCycle.com | November 6, 2017 1:38 am
GBPUSD continued its sideways movement in a trading range between 1.3027 and 1.3337. The price is now facing 1.3027 support, a breakdown below this level could take price to next support level at 1.2774. Near term resistance...

EURUSD Daily Analysis – November 6, 2017

by ForexCycle.com | November 6, 2017 1:37 am
EURUSD is in consolidation of the downtrend from 1.2092 (Sep 8 high). Range trading between 1.1574 and 1.1725 would likely be seen in the coming days. As long as the support-turned-resistance level of 1.1725 holds, the downside...

USDCAD Daily Analysis – November 3, 2017

by ForexCycle.com | November 3, 2017 12:56 am
USDCAD moved sideways in a trading range between 1.2780 and 1.2916. As long as 1.2780 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.2433, and another rise towards 1.3100 could be...

USDJPY Daily Analysis – November 3, 2017

by ForexCycle.com | November 3, 2017 12:55 am
USDJPY stays in a trading range between 112.95 and 114.45. As long as the price is above 112.95, the sideways movement in the range could be treated as consolidation of the uptrend 111.65, and another rise towards...

AUDUSD Daily Analysis – November 3, 2017

by ForexCycle.com | November 3, 2017 12:54 am
AUDUSD broke above 0.7718 resistance, suggesting that lengthier consolidation for the downtrend from 0.8124 (Sep 8 high) is underway. Further rally is still possible and next target would be at 0.7750. Above this level would aim 0.7800...

GBPUSD Daily Analysis – November 3, 2017

by ForexCycle.com | November 3, 2017 12:54 am
GBPUSD failed in its attempt to breakout of 1.3337 resistance and dropped sharply to 1.3040 area, facing the major support trend line on the daily chart. A clear break below this trend line will suggest that the...

EURUSD Daily Analysis – November 3, 2017

by ForexCycle.com | November 3, 2017 12:53 am
EURUSD’s bounce from 1.1574 extended to as high as 1.1687. Further rally is still possible and next target would be at the support-turned-resistance level of 1.1725. Breakthrough this level could trigger further upside movement towards the falling...