USDCAD Daily Analysis – October 27, 2017

by ForexCycle.com | October 27, 2017 2:43 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 trend line support holds, the uptrend could be expected to continue and next target would...

USDJPY Daily Analysis – October 27, 2017

by ForexCycle.com | October 27, 2017 2:42 am
USDJPY failed to break below the rising trend line on the 4-hour chart, indicating that the pair remains in the uptrend from 111.65. As long as the trend line support holds, the uptrend could be expected to...

AUDUSD Daily Analysis – October 27, 2017

by ForexCycle.com | October 27, 2017 2:41 am
AUDUSD extended its downside movement from 0.7897 to as low as 0.7635, breaking below the resistance-turned-support trend line on the weekly chart. Near term resistance is at the bearish trend line on the 4-hour chart. As long...

GBPUSD Daily Analysis – October 27, 2017

by ForexCycle.com | October 27, 2017 2:40 am
GBPUSD moved sideways in a trading range between 1.3087 and 1.3337. The pair is now facing 1.3087 support, a breakdown below this level could trigger another fall to the major support trend line on the daily chart....

EURUSD Daily Analysis – October 27, 2017

by ForexCycle.com | October 27, 2017 2:39 am
EURUSD broke below 1.1662 support, indicating that the whole uptrend from 1.0340 (Jan 3 low) had completed at 1.2092 already. Further decline could be expected after a minor consolidation and next target would be at the resistance-turned-support...

USDCHF Daily Analysis – October 26, 2017

by ForexCycle.com | October 26, 2017 2:49 am
USDCHF extended its upside movement from 0.9420 to as high as 0.9939. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue after consolidation...

USDCAD Daily Analysis – October 26, 2017

by ForexCycle.com | October 26, 2017 1:53 am
USDCAD extended its upside movement from 1.2450 to as high as 1.2816, breaking above an important resistance at 1.2778 (Aug 15 high). Near term support is at the rising trend line on the 4-hour chart. As long...

USDJPY Daily Analysis – October 26, 2017

by ForexCycle.com | October 26, 2017 1:52 am
USDJPY extended its upside movement from 111.65 to as high as 114.24. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...

AUDUSD Daily Analysis – October 26, 2017

by ForexCycle.com | October 26, 2017 1:51 am
AUDUSD extended its downside movement from 0.7897 to as low as 0.7690, facing a resistance-turned-support trend line on the weekly chart. At the same time, the pair stays below a bearish trend line on the 4-hour chart,...

GBPUSD Daily Analysis – October 26, 2017

by ForexCycle.com | October 26, 2017 1:48 am
GBPUSD broke above a major resistance level at 1.3228, indicating that the pair is in short term uptrend from 1.3087. Further rise could be expected and next target would be at 1.3337. A breakout of this level...