EURUSD Daily Analysis – July 27, 2017

by ForexCycle.com | July 27, 2017 8:58 am
EURUSD’s bullish movement extended to as high as 1.1776. Near term support is at the rising trend line on the 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue...

USDCAD Daily Analysis – July 26, 2017

by ForexCycle.com | July 26, 2017 3:56 am
USDCAD remains in downtrend from 1.3347. As long as the pair is below the falling trend line the 4-hour chart, the downside movement could be expected to continue and further decline to test the important support at...

USDJPY Daily Analysis – July 26, 2017

by ForexCycle.com | July 26, 2017 3:55 am
USDJPY broke above the top trend line of the price channel on its 4-hour chart, suggesting that the short term downtrend from 114.49 had completed at 110.62 already. Further rise to test 112.41 resistance could be expected...

AUDUSD Daily Analysis – July 26, 2017

by ForexCycle.com | July 26, 2017 3:55 am
Under pressure by the top trend line of the price channel on its monthly chart, AUDUSD pulled back from 0.7989 and moved sideways in a narrow range between 0.7875 and 0.7989. As long as 0.7830 support holds,...

GBPUSD Daily Analysis – July 26, 2017

by ForexCycle.com | July 26, 2017 3:53 am
GBPUSD formed a sideways movement in a trading range between 1.2811 and 1.3125. Another fall to test 1.2811 support would likely be seen in a couple of days. As long as this support level holds, the sideways...

EURUSD Daily Analysis – July 26, 2017

by ForexCycle.com | July 26, 2017 3:52 am
EURUSD extended its bullish movement from 1.1312 to as high as 1.1712. As long as the pair is above the ascending trend line on the 4-hour chart, the bullish movement could be expected to continue and next...

USDCAD Daily Analysis – July 25, 2017

by ForexCycle.com | July 25, 2017 2:10 am
USDCAD’s bearish movement from 1.3347 extended to as low as 1.2483, facing the important support at 1.2460 (May 2016 low). Near term resistance is at the falling trend line on the 4-hour chart. As long as the...

USDJPY Daily Analysis – July 25, 2017

by ForexCycle.com | July 25, 2017 2:09 am
USDJPY stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 114.49. As long as the channel resistance holds, the bounce from 110.62 could be treated as consolidation of the downtrend...

AUDUSD Daily Analysis – July 25, 2017

by ForexCycle.com | July 25, 2017 2:08 am
AUDUSD is in consolidation of the uptrend from 0.7571. Range trading between 0.7830 and 0.7989 would likely be seen in a couple of days. Support is at 0.7830, as long as the pair is above this level,...

GBPUSD Daily Analysis – July 25, 2017

by ForexCycle.com | July 25, 2017 2:08 am
GBPUSD remains in uptrend from 1.2589, the price action from 1.3029 could be treated as consolidation of the uptrend. Deeper decline to test 1.2811 key support would likely be seen in a couple of days. As long...