EURUSD Daily Analysis – July 7, 2017

by ForexCycle.com | July 7, 2017 6:22 am
EURUSD failed to break below 1.1290 support and is now facing 1.1450 key resistance again. A break of this level will signal resumption of the uptrend from 1.0569 (Apr 10 low), then next target would be at...

USDCAD Daily Analysis – July 5, 2017

by ForexCycle.com | July 5, 2017 3:35 am
After consolidation, USDCAD continued its bearish movement from 1.3347 and the fall extended to as low as 1.2912. Near term resistance is at the top trend line of the price channel on its 4-hour chart. As long...

USDJPY Daily Analysis – July 5, 2017

by ForexCycle.com | July 5, 2017 3:34 am
USDJPY stays above the rising trend line on its 4-hour chart and remains in uptrend from 108.81. As long as the pair is above the trend line, the uptrend could be expected to continue and next target...

AUDUSD Daily Analysis – July 5, 2017

by ForexCycle.com | July 5, 2017 3:33 am
AUDUSD broke below the rising support trend line on the 4-hour chart and is now in downtrend from 0.7712. Deeper decline is possible and next target would be at 0.7555, followed by 0.7535. Near term resistance is...

GBPUSD Daily Analysis – July 5, 2017

by ForexCycle.com | July 5, 2017 3:33 am
GBPUSD is facing the support of the ascending trend line on its 4-hour chart. As long as the pair is above the trend line, the fall from 1.3029 could be treated as consolidation of the uptrend from...

EURUSD Daily Analysis – July 5, 2017

by ForexCycle.com | July 5, 2017 3:31 am
EURUSD is in consolidation of the uptrend from 1.1118. Range trading between 1.1290 and 1.1445 would likely be seen in a couple of days. As long as the 1.1290 key support holds, the uptrend from 1.1118 could...

USDCAD Daily Analysis – July 4, 2017

by ForexCycle.com | July 4, 2017 1:32 am
USDCAD stays in the bearish price channel on its 4-hour chart and remains in downtrend from 1.3347. As long as the pair is in the channel, the bounce from 1.2946 could be treated as consolidation of the...

USDJPY Daily Analysis – July 4, 2017

by ForexCycle.com | July 4, 2017 1:31 am
USDJPY continued its upside movement from 108.81 and the rise extended to as high as 113.47. Near term support is at the rising trend line on its 4-hour chart. As long as the pair is above the...

AUDUSD Daily Analysis – July 4, 2017

by ForexCycle.com | July 4, 2017 1:29 am
AUDUSD’s fall from 0.7712 extended to as low as 0.7644. However, the fall is likely consolidation of the uptrend from 0.7535, as long as the pair is above the rising trend line on its 4-hour chart, the...

GBPUSD Daily Analysis – July 4, 2017

by ForexCycle.com | July 4, 2017 1:28 am
GBPUSD’s pullback from 1.3029 extended to as low as 1.2929. As long as 1.2900 support holds, the fall could be treated as consolidation of the uptrend from 1.2589 and further rise towards 1.3200 is still possible after...