EURUSD Daily Analysis – May 29, 2017

by ForexCycle.com | May 29, 2017 1:20 am
EURUSD is facing the 1.1161 support, a breakdown below this level will indicate that the bullish movement from 1.0839 had completed at 1.1267 already, this could trigger a correction pullback to 1.1050 area. On the upside, as...

USDCAD Daily Analysis – May 26, 2017

by ForexCycle.com | May 26, 2017 4:06 am
USDCAD stays in a bearish price channel on 4-hour chart and remains in downtrend from 1.3793. As long as the pair is in the channel, the rise from 1.3387 could be treated as consolidation of the downtrend...

USDJPY Daily Analysis – May 26, 2017

by ForexCycle.com | May 26, 2017 4:05 am
USDJPY remains in uptrend from 110.23, the fall from 112.13 is likely consolidation of the uptrend. Further rise could be expected and next target would be at 113.50 area. Support levels are at 110.80 and 110.23, only...

AUDUSD Daily Analysis – May 26, 2017

by ForexCycle.com | May 26, 2017 4:04 am
AUDUSD broke below the bottom support trend line of the price channel on 4-hour chart, indicating that the upward movement from 0.7328 had completed at 0.7517 already. Further decline could be expected over the next several days...

GBPUSD Daily Analysis – May 26, 2017

by ForexCycle.com | May 26, 2017 3:59 am
GBPUSD broke below the bottom trend line of the price channel on 4-hour chart, and is now facing the 1.2844 key support. A breakdown below this level indicate that the upward movement from 1.2365 had completed at...

EURUSD Daily Analysis – May 26, 2017

by ForexCycle.com | May 26, 2017 3:56 am
EURUSD moved sideways in a narrow range between 1.1161 and 1.1267. As long as 1.1161 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0839 and another rise towards 1.1350 could be...

USDCAD Daily Analysis – May 25, 2017

by ForexCycle.com | May 25, 2017 2:04 am
USDCAD broke below the support trend line of the price channel on 4-hour chart and continued its downward movement from 1.3793. Further decline could be expected and next target would be at 1.3300 area. Near term resistance...

USDJPY Daily Analysis – May 25, 2017

by ForexCycle.com | May 25, 2017 2:02 am
USDJPY is now in uptrend from 110.23. Further rally could be expected over the next several days and next target would be at around 113.50. Support levels are at 110.80 and 110.23, only break below these levels...

AUDUSD Daily Analysis – May 25, 2017

by ForexCycle.com | May 25, 2017 2:01 am
AUDUSD failed to break below the bottom support trend line of the price channel on 4-hour chart and rebound from 0.7442, indicating that the pair remains in uptrend from 0.7328. As long as the pair is in...

GBPUSD Daily Analysis – May 25, 2017

by ForexCycle.com | May 25, 2017 1:59 am
GBPUSD moves in a bullish price channel on 4-hour, indicating that the pair remains in uptrend from 1.2365. As long as the pair is in the channel, the uptrend could be expected to continue, and further rise...