USDCAD Daily Analysis – October 31, 2017

by ForexCycle.com | October 31, 2017 4:20 am
USDCAD remains in the uptrend from 1.2450, the fall from 1.2916 is likely consolidation of the uptrend. Near term support is at the bullish trend line on the 4-hour chart, followed by 1.2780. As long as the...

USDJPY Daily Analysis – October 31, 2017

by ForexCycle.com | October 31, 2017 4:20 am
USDJPY broke below the bullish trend line on the 4-hour chart, suggesting that the uptrend from 111.65 had completed at 114.45 already. Further decline could be expected in the coming days and next target would be at...

AUDUSD Daily Analysis – October 31, 2017

by ForexCycle.com | October 31, 2017 4:19 am
AUDUSD broke above the bearish trend line on the 4-hour chart, indicating that consolidation for the downtrend from 0.7897 is underway. Range trading between 0.7624 and 0.7718 would likely be seen in a couple of days. As...

GBPUSD Daily Analysis – October 31, 2017

by ForexCycle.com | October 31, 2017 4:18 am
GBPUSD failed to break below 1.3027 support and stayed in a trading range between 1.3027 and 1.3337. The price action in the range is likely consolidation of the downtrend from 1.3657, a breakdown below 1.3027 support could...

EURUSD Daily Analysis – October 31, 2017

by ForexCycle.com | October 31, 2017 4:18 am
EURUSD remains in downtrend from 1.1879, the rise from 1.1574 is likely consolidation of the downtrend. Further decline towards the resistance-turned-support trend line on the weekly chart is still possible after the consolidation. Resistance levels are at...

USDCAD Daily Analysis – October 30, 2017

by ForexCycle.com | October 30, 2017 12:06 am
USDCAD stays above a bullish trend line on the 4-hour chart, and remains in the uptrend from 1.2450. As long as the price is above the trend line, the fall from 1.2916 could be treated as consolidation...

USDJPY Daily Analysis – October 30, 2017

by ForexCycle.com | October 30, 2017 12:05 am
USDJPY continued its upside movement from 111.65 and the rise extended to as high as 114.45. As long as the price is above the rising trend line on the 4-hour chart, the uptrend could be expected to...

AUDUSD Daily Analysis – October 30, 2017

by ForexCycle.com | October 30, 2017 12:05 am
AUDUSD is facing the resistance of the falling trend line on the 4-hour chart. A clear break above the trend line resistance could bring price to test 0.7718 key resistance. Above this level will indicate that the...

GBPUSD Daily Analysis – October 30, 2017

by ForexCycle.com | October 30, 2017 12:03 am
GBPUSD broke below 1.3087 support, indicating that the downside movement from 1.3337 has resumed. Further decline towards the major support trend line on the daily chart could be expected, a clear break below the trend line support...

EURUSD Daily Analysis – October 30, 2017

by ForexCycle.com | October 30, 2017 12:02 am
EURUSD’s downside movement from 1.1879 extended to as low as 1.1574. Further decline could be expected after a minor consolidation and next target would be at the resistance-turned-support trend line on the weekly chart now at around...