EURUSD Daily Analysis – May 18, 2017

by ForexCycle.com | May 17, 2017 11:55 pm
EURUSD’s bullish movement from 1.0839 extended to as high as 1.1171. Support levels are at 1.1100 and 1.1050, as long as these levels hold, the upward movement could be expected to continue, and next target would be...

USDCAD Daily Analysis – May 17, 2017

by ForexCycle.com | May 16, 2017 11:58 pm
USDCAD is now in downtrend from 1.3793. Further decline could be expected over the next several days, and next target would be at 1.3500 area. Resistance is at 1.3670, only break above this level could trigger another...

USDJPY Daily Analysis – May 17, 2017

by ForexCycle.com | May 16, 2017 11:57 pm
USDJPY broke below the bottom of the price channel on 4-hour chart, indicating that the upward movement from 108.13 had completed at 114.36 already. Further decline could be expected over the next several days and next target...

AUDUSD Daily Analysis – May 17, 2017

by ForexCycle.com | May 16, 2017 11:56 pm
AUDUSD is in short term uptrend from 0.7328. Further rally could be expected and the target would be at the descending trend line on 4-hour chart. Near term support is at the support trend line of the...

GBPUSD Daily Analysis – May 17, 2017

by ForexCycle.com | May 16, 2017 11:51 pm
GBPUSD continued its sideways movement in a range between 1.2831 and 1.2988. The sideways movement is likely consolidation of the uptrend from 1.2365. Further rise could be expected after the consolidation and a break of 1.2988 resistance...

EURUSD Daily Analysis – May 17, 2017

by ForexCycle.com | May 16, 2017 11:50 pm
EURUSD moved above 1.1021 resistance and reached as high as 1.1097. Further rise is still possible in a couple of days and next target would be at 1.1250 area. Near term support is at 1.1000, as long...

USDCAD Daily Analysis – May 16, 2017

by ForexCycle.com | May 16, 2017 2:44 am
USDCAD broke below 1.3641 support, indicating that the uptrend from 1.3223 had completed at 1.3793 already. Further decline could be expected in a couple of days, and next target would be at 1.3500 area. Resistance is at...

USDJPY Daily Analysis – May 16, 2017

by ForexCycle.com | May 16, 2017 2:43 am
USDJPY failed to break below the support line of the price channel on 4-hour chart, indicating that the pair remains in uptrend from 108.13. As long as the pair is in the channel, further rise could be...

AUDUSD Daily Analysis – May 16, 2017

by ForexCycle.com | May 16, 2017 2:33 am
AUDUSD broke above 0.7426 resistance, indicating that the downward movement from 0.7610 had completed at 0.7328 already. Further rally could be expected in a couple of days, and next target would be at the downward trend line...

GBPUSD Daily Analysis – May 16, 2017

by ForexCycle.com | May 16, 2017 2:31 am
GBPUSD failed to break below 1.2831 support and moved sideways in a trading range between 1.2831 and 1.2988. As long as 1.2831 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.2365,...