EURUSD Daily Analysis – August 14, 2017

by ForexCycle.com | August 14, 2017 2:28 am
EURUSD’s bounce from 1.1689 extended to as high as 1.1847. Further rise to test 1.1909 resistance would likely be seen. However, as long as 1.1909 resistance holds, the downside movement could be expected to resume and another...

USDCAD Daily Analysis – August 11, 2017

by ForexCycle.com | August 11, 2017 4:23 am
USDCAD extended its short term uptrend from 1.2413 to as high as 1.2752. As long as the price is above the bullish trend line on its 4-hour chart, the upside movement could be expected to continue and...

USDJPY Daily Analysis – August 11, 2017

by ForexCycle.com | August 11, 2017 4:23 am
USDJPY extended its downside movement from 114.49 to as low as 108.90. As long as the price is below the bearish trend line on its 4-hour chart, the downtrend could be expected to continue and next target...

AUDUSD Daily Analysis – August 11, 2017

by ForexCycle.com | August 11, 2017 4:22 am
AUDUSD extended its downside movement from 0.8065 to as low as 0.7838 after failing in the attempt to break above the bearish trend line resistance on its 4-hour chart. As long as the price is below the...

GBPUSD Daily Analysis – August 11, 2017

by ForexCycle.com | August 11, 2017 4:21 am
Being supported by 1.2932 low, GBPUSD rebounded from 1.2951, suggesting that a short term bottom is being formed on the 4-hour chart. A break above 1.3030 near term resistance could bring price back into 1.3120 zone. On...

EURUSD Daily Analysis – August 11, 2017

by ForexCycle.com | August 11, 2017 4:19 am
EURUSD broke above the falling trend line on its 4-hour chart, suggesting that the short term downtrend from 1.1909 had completed at 1.1689 already. Further rally could be expected in a couple of days and the target...

USDCAD Daily Analysis – August 10, 2017

by ForexCycle.com | August 10, 2017 3:33 am
USDCAD’s short term uptrend from 1.2413 extended to as high as 1.2721. Near term support is at the rising trend line on its 4-hour chart. As long as the trend line support holds, the uptrend could be...

USDJPY Daily Analysis – August 10, 2017

by ForexCycle.com | August 10, 2017 3:32 am
USDJPY’s downside movement extended to as low as 109.55. Further decline it still possible and next target would be at 109.00 area. Resistance is at the top trend line of the price channel on its 4-hour chart,...

AUDUSD Daily Analysis – August 10, 2017

by ForexCycle.com | August 10, 2017 3:32 am
AUDUSD stays in a bearish trend line on its 4-hour chart and remains in the downtrend from 0.8065. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

GBPUSD Daily Analysis – August 10, 2017

by ForexCycle.com | August 10, 2017 3:31 am
GBPUSD’s fall from 1.3267 extended to as low as 1.2952. Deeper decline to test 1.2932 support is possible, a breakdown below this level could take price into 1.2850 zone. Near term resistance is at 1.3060, only move...