USDCAD Daily Analysis – November 2, 2017

by ForexCycle.com | November 2, 2017 1:47 am
USDCAD failed to breakout of 1.2916 resistance and pulled back to break below a bullish trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2433 is underway. Range trading between 1.2780 and...

USDJPY Daily Analysis – November 2, 2017

by ForexCycle.com | November 2, 2017 1:46 am
USDJPY is facing 114.45 resistance. A breakout of this level will indicate that the uptrend from 107.31 (Sep 8 low) has resumed, then further rise towards 115.50 resistance could be seen. Near term support is at 113.70,...

AUDUSD Daily Analysis – November 2, 2017

by ForexCycle.com | November 2, 2017 1:46 am
AUDUSD broke above the top trend line on the price channel on its 4-hour chart, suggesting that lengthier consolidation for the downtrend from 0.7897 is needed. Range trading between 0.7624 and 0.7718 could be expected to continue...

GBPUSD Daily Analysis – November 2, 2017

by ForexCycle.com | November 2, 2017 1:45 am
GBPUSD is facing 1.3337 resistance. As long as this level holds, the sideways movement between 1.3027 and 1.3337 could be treated as consolidation of the downtrend from 1.3657 and another fall towards the major support trend line...

EURUSD Daily Analysis – November 2, 2017

by ForexCycle.com | November 2, 2017 1:44 am
EURUSD moved sideways in a narrow range between 1.1574 and 1.1661 after breaking below the key support level at 1.1662 (Aug 17 low). The range trading is likely consolidation of the downtrend from 1.1879. As long as...

USDCAD Daily Analysis – November 1, 2017

by ForexCycle.com | November 1, 2017 2:00 am
USDCAD failed in its attempt to break below the bullish trend line on the 4-hour chart and is now facing 1.2916 resistance. A breakout of this level could signal resumption of the uptrend from 1.2450, then next...

USDJPY Daily Analysis – November 1, 2017

by ForexCycle.com | November 1, 2017 2:00 am
USDJPY’s fall from 114.45 had completed at 112.95 already. The subsequent bounce would possibly be resumption of the uptrend from 111.65. Further rise to test 114.45 resistance could be expected, a breakout of this level could trigger...

AUDUSD Daily Analysis – November 1, 2017

by ForexCycle.com | November 1, 2017 1:59 am
AUDUSD failed to break above 0.7718 resistance and stayed in a trading range between 0.7624 and 0.7718. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as...

GBPUSD Daily Analysis – November 1, 2017

by ForexCycle.com | November 1, 2017 1:58 am
GBPUSD continued its sideways movement in a range between 1.3027 and 1.3337, and is facing 1.3337 resistance once again. A breakout of this level could trigger further upside movement to 1.3500 zone. Near term support is at...

EURUSD Daily Analysis – November 1, 2017

by ForexCycle.com | November 1, 2017 1:55 am
EURUSD is in consolidation for the downtrend from 1.1879. Range trading between 1.1574 and 1.1685 would likely be seen in a couple of days. Near term resistance is at 1.1685, as long as this level holds, the...