EURUSD Daily Analysis – July 4, 2017

by ForexCycle.com | July 4, 2017 1:27 am
Under pressure by the 1.1450 resistance, EURUSD pulled back to 1.1355, suggesting that consolidation for the uptrend from 1.1118 is underway. Range trading between 1.1350 and 1.1445 would likely be seen in a couple days. As long...

USDCAD Daily Analysis – July 3, 2017

by ForexCycle.com | July 3, 2017 5:32 am
USDCAD remains in downtrend from 1.3347 and the fall extended to as low as 1.2946. Near term resistance is at the top trend line of the price channel on its 4-hour chart. As long as the channel...

USDJPY Daily Analysis – July 3, 2017

by ForexCycle.com | July 3, 2017 5:30 am
USDJPY failed to break below the bottom support trend line of the price channel on its 4-hour chart, and rebounded from 111.73, indicating that the pair remains in uptrend 108.81. As long as the channel support holds,...

AUDUSD Daily Analysis – July 3, 2017

by ForexCycle.com | July 3, 2017 5:29 am
AUDUSD remains in uptrend from 0.7535, the pullback from 0.7712 could be treated as consolidation of the uptrend. Near term support is at the bottom trend line of the price channel on its 4-hour chart. As long...

GBPUSD Daily Analysis – July 3, 2017

by ForexCycle.com | July 3, 2017 5:27 am
Under pressure by 1.3047 (May 18 high) resistance, GBPUSD pulled back from 1.3029, suggesting that consolidation for the uptrend from 1.2589 is underway. Range trading between 1.2900 and 1.3029 would likely be seen in a couple of...

EURUSD Daily Analysis – July 3, 2017

by ForexCycle.com | July 3, 2017 5:25 am
EURUSD is facing 1.1450 resistance. Range trading between 1.1350 and 1.1445 would likely be seen in a couple of days. Near term support is at 1.1350 and the key support is at 1.1290. As long as these...

USDCAD Daily Analysis – June 30, 2017

by ForexCycle.com | June 30, 2017 2:41 am
USDCAD continued its downward movement from 1.3347 and the fall extended to as low as 1.2971, facing the important support level of 1.2968 (Jan 31 low). Near term resistance is at 1.3045, as long as this level...

USDJPY Daily Analysis – June 30, 2017

by ForexCycle.com | June 30, 2017 2:40 am
USDJPY stays in an ascending price channel on its 4-hour chart, and remains in uptrend from 108.81. As long as the price is in the channel, the fall from 112.92 could be treated as consolidation of the...

AUDUSD Daily Analysis – June 30, 2017

by ForexCycle.com | June 30, 2017 2:38 am
AUDUSD continued its bullish movement from 0.7535 and the rise extended to as high as 0.7712. Near term support is now at 0.7645, as long as this level holds, the uptrend could be expected to continue and...

GBPUSD Daily Analysis – June 30, 2017

by ForexCycle.com | June 30, 2017 2:38 am
GBPUSD’s upward movement extended to as high as 1.3029 and is now facing 1.3047 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3200 area. Near term support is at...