AUDUSD Daily Analysis – April 11, 2017

by ForexCycle.com | April 11, 2017 4:09 am
AUDUSD remains in downtrend from 0.7679. Further decline could be expected after a minor consolidation and next target would be at 0.7400 area. Near term resistance is at the descending trend line on 4-hour chart, as long...

GBPUSD Daily Analysis – April 11, 2017

by ForexCycle.com | April 11, 2017 4:08 am
GBPUSD broke out below the lower line of the triangle pattern on 4-hour chart, indicating that the upward movement from 1.2109 had completed at 1.2615 already. The pair is now in downtrend, further decline could be expected...

EURUSD Daily Analysis – April 11, 2017

by ForexCycle.com | April 11, 2017 4:07 am
EURUSD continued its downward movement and the fall extended to as low as 1.0569. Further decline could be expected after a minor consolidation and next target would be at 1.0500 area. Resistance is at the downward trend...

USDCAD Daily Analysis – April 7, 2017

by ForexCycle.com | April 7, 2017 12:07 am
USDCAD moved sideways in a trading range between 1.3378 and 1.3455. Key support is at 1.3378, as long as this level holds, the uptrend from 1.3277 could be expected to continue, and further rise to 1.3500 area...

USDJPY Daily Analysis – April 7, 2017

by ForexCycle.com | April 7, 2017 12:06 am
USDJPY moved sideways in a trading range between 110.11 and 112.19. The sideways movement is likely consolidation of the downtrend from 115.50, further decline could be expected after the consolidation and next target would be at 108.00...

AUDUSD Daily Analysis – April 7, 2017

by ForexCycle.com | April 7, 2017 12:05 am
AUDUSD stays below the descending trend line on 4-hour chart and remains in downtrend from 0.7679. As long as the pair is below the trend line, the downtrend could be expected to continue, and next target would...

GBPUSD Daily Analysis – April 7, 2017

by ForexCycle.com | April 7, 2017 12:04 am
GBPUSD stays in the triangle pattern on 4-hour chart. As long as 1.2418 key support holds, the price action in the triangle pattern could be treated as consolidation of the uptrend from 1.2109, and further rise to...

EURUSD Daily Analysis – April 7, 2017

by ForexCycle.com | April 7, 2017 12:02 am
EURUSD’s bearish movement from 1.0905 extended to as low as 1.0629. Key resistance is now at 1.0689, as long as the pair is below this level, the downtrend could be expected to continue and next target would...

USDCAD Daily Analysis – April 6, 2017

by ForexCycle.com | April 6, 2017 4:18 am
USDCAD is facing 1.3455 resistance, a break of this level will signal resumption of the uptrend from 1.3277, then next target would be at 1.3500 area. Support is at 1.3378, only break below this level will indicate...

USDJPY Daily Analysis – April 6, 2017

by ForexCycle.com | April 6, 2017 4:17 am
USDJPY is testing 110.11 support, a breakdown below this level will signal resumption of the downtrend from 115.50, then further decline to 108.00 area could be seen. Key resistance is at 112.19, only break above this level...