EURUSD Daily Analysis – August 15, 2017

by ForexCycle.com | August 15, 2017 6:16 am
EURUSD moved sideways in a trading range between 1.1689 and 1.1909. Support is at 1.1689, a breakdown below this level could bring price to the bottom support trend line of the price channel on its daily chart....

USDCAD Daily Analysis – August 14, 2017

by ForexCycle.com | August 14, 2017 2:30 am
USDCAD broke below the bullish support trend line on its 4-hour chart and is now facing 1.2650 key support. A breakdown below this level will indicate that the short term uptrend from 1.2413 had completed at 1.2752...

USDJPY Daily Analysis – August 14, 2017

by ForexCycle.com | August 14, 2017 2:30 am
USDJPY stays below a bearish trend line on its 4-hour chart and remains in the downtrend from 114.49. As long as the price is below the trend line, the bounce from 108.73 could be treated as consolidation...

AUDUSD Daily Analysis – August 14, 2017

by ForexCycle.com | August 14, 2017 2:29 am
AUDUSD broke above the bearish trend line on its 4-hour chart, indicating that the downside movement from 0.8065 had completed at 0.7838 already. Further rally could be expected and next target would be at 0.8000 area. Support...

GBPUSD Daily Analysis – August 14, 2017

by ForexCycle.com | August 14, 2017 2:29 am
GBPUSD rebounded from 1.2939 after failing in its attempt to break below 1.2932 support. A break above 1.3030 resistance will indicate that the short term downtrend from 1.3267 had completed at 1.2939 already, then the following upside...

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...