EURUSD Daily Analysis – October 12, 2017

by ForexCycle.com | October 12, 2017 1:52 am
EURUSD broke above 1.1832 resistance, suggesting that the downside movement from 1.2092 had completed at 1.1669 already. Further rally is still possible and next target would be at 1.1900, followed by 1.2029. Near term support is at...

USDCAD Daily Analysis – October 11, 2017

by ForexCycle.com | October 11, 2017 2:25 am
USDCAD broke below the bottom of the price channel on the 4-hour chart. Further fall to test 1.2448 support would likely be seen. Below this level would indicate that the upside movement from 1.2061 had completed at...

USDJPY Daily Analysis – October 11, 2017

by ForexCycle.com | October 11, 2017 2:24 am
USDJPY broke below 112.21 support. Further decline would likely be seen and next target would be at 111.47. Below this level would indicate that the upside movement from 107.31 had completed at 113.43 already, then the following...

AUDUSD Daily Analysis – October 11, 2017

by ForexCycle.com | October 11, 2017 2:24 am
AUDUSD is now facing the falling trend line on its 4-hour chart. Breakthrough the trend line resistance would take price to next resistance level at 0.7875. Above this level would confirm that the downside movement from 0.8124...

GBPUSD Daily Analysis – October 11, 2017

by ForexCycle.com | October 11, 2017 2:23 am
GBPUSD broke above the falling trend line on its 4-hour chart, suggesting that the downtrend from 1.3657 had completed at 1.3027 already. Further rally could be expected in the coming days and next target would be at...

EURUSD Daily Analysis – October 11, 2017

by ForexCycle.com | October 11, 2017 2:22 am
EURUSD broke above the top trend line of the price channel on the 4-hour chart and is now facing the 1.1832 key resistance. Above this level would indicate that the downside movement from 1.2092 had completed at...

USDCAD Daily Analysis – October 10, 2017

by ForexCycle.com | October 10, 2017 2:04 am
USDCAD is now facing the bottom support trend line of the price channel on its 4-hour chart. Below the channel support could take price to 1.2448 key support level. A breakthrough would indicate that the uptrend from...

USDJPY Daily Analysis – October 10, 2017

by ForexCycle.com | October 10, 2017 2:03 am
USDJPY continued its sideways movement in a trading range between 112.21 and 113.43. Near term support is at 112.21, as long as the price is above this level, the sideways move could be treated as consolidation of...

AUDUSD Daily Analysis – October 10, 2017

by ForexCycle.com | October 10, 2017 2:02 am
AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.8102. As long as the price is below the trend line, the bounce from 0.7732 could be treated as consolidation...

GBPUSD Daily Analysis – October 10, 2017

by ForexCycle.com | October 10, 2017 2:01 am
GBPUSD stays in a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3657. As long as the price is below the trend line, the bounce from 1.3027 could be treated as consolidation...