EURUSD Daily Analysis – August 9, 2017

by ForexCycle.com | August 9, 2017 1:22 am
EURUSD broke below the key support level at 1.1728, indicating that the bullish movement from 1.1312 had completed at 1.1909 already. Further decline could be expected and the target would be at the bottom support trend line...

USDCAD Daily Analysis – August 8, 2017

by ForexCycle.com | August 8, 2017 4:02 am
USDCAD’s short term uptrend from 1.2413 extended to as high as 1.2714. As long as the price is above the rising trend line on its 4-hour chart, the uptrend could be expected to continue and next target...

USDJPY Daily Analysis – August 8, 2017

by ForexCycle.com | August 8, 2017 4:01 am
USDJPY stays in a descending price channel on its 4-hour chart and remains in the downtrend 114.49. As long as the channel resistance holds, the rise from 109.83 could be treated as consolidation of the downtrend, and...

AUDUSD Daily Analysis – August 8, 2017

by ForexCycle.com | August 8, 2017 4:00 am
AUDUSD is facing 0.7875 key support. A breakdown below this level will indicate that the uptrend from 0.7571 had completed at 0.8065 already, then the following correction pullback could bring price back into 0.7750 zone. However, as...

GBPUSD Daily Analysis – August 8, 2017

by ForexCycle.com | August 8, 2017 3:59 am
GBPUSD is facing the bottom support trend line of the price channel on its 4-hour chart. A clear break below the channel support will indicate that the uptrend from 1.2589 had completed at 1.3267 already, then the...

EURUSD Daily Analysis – August 8, 2017

by ForexCycle.com | August 8, 2017 3:59 am
EURUSD stays in a bullish price channel on its 4-hour chart, indicating that the pair remains in the uptrend from 1.1312. As long as the price is in the channel, the uptrend could be expected to continue...

USDCAD Daily Analysis – August 7, 2017

by ForexCycle.com | August 7, 2017 3:01 am
USDCAD stays above a rising trend line on the 4-hour chart and remains in the short term uptrend from 1.2413. As long as the price is above the trend line, the upside movement could be expected to...

USDJPY Daily Analysis – August 7, 2017

by ForexCycle.com | August 7, 2017 3:00 am
USDJPY remains in the downtrend from 114.49, the bounce from 109.83 is likely consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as...

AUDUSD Daily Analysis – August 7, 2017

by ForexCycle.com | August 7, 2017 2:59 am
AUDUSD moved sideways in a trading range between 0.7875 and 0.8065. Key support is at 0.7875, as long as this level holds, the uptrend could be expected to resume and another rise towards 0.8150 is still possible....

GBPUSD Daily Analysis – August 7, 2017

by ForexCycle.com | August 7, 2017 2:59 am
GBPUSD dropped sharply to 1.3020 area after breaking below the bullish trend line on its 4-hour chart, indicating that correction for the uptrend from 1.2589 is underway. Deeper decline to test next support level at 1.2980 is...