EURUSD Daily Analysis – May 23, 2017

by ForexCycle.com | May 23, 2017 3:03 am
EURUSD’s bullish movement extended to as high as 1.1263. Near term support is at the rising trend line on 4-hour chart. As long as the trend line support holds, the bullish movement could be expected to continue...

USDCAD Daily Analysis – May 22, 2017

by ForexCycle.com | May 22, 2017 2:42 am
USDCAD remains in bearish movement from 1.3793 and the fall extended to as low as 1.3508. Further decline could be expected and next target would be at around 1.3450. Near term resistance is at the falling trend...

USDJPY Daily Analysis – May 22, 2017

by ForexCycle.com | May 22, 2017 2:37 am
USDJPY is facing the resistance of the descending price channel on 4-hour chart, a clear break out of the channel resistance will indicate that the fall from 114.36 had completed at 110.23 already, then the following rally...

AUDUSD Daily Analysis – May 22, 2017

by ForexCycle.com | May 22, 2017 2:30 am
AUDUSD’s rise from 0.7328 extended to as high as 0.7469. The pair is facing the resistance of the descending trend line on 4-hour chart. As long as the trend line resistance holds, the rise could be treated...

GBPUSD Daily Analysis – May 22, 2017

by ForexCycle.com | May 22, 2017 2:28 am
GBPUSD moved in an ascending price channel on 4-hour chart which provides resistance at the top trend line and support at the bottom trend line. As long as the pair is in the channel, the uptrend from...

EURUSD Daily Analysis – May 22, 2017

by ForexCycle.com | May 22, 2017 2:26 am
After consolidation, EURUSD continued its bullish movement from 1.0839 and the rise extended to as high as 1.1211. Near term support is at the ascending trend line on 4-hour chart. As long as the pair is above...

USDCAD Daily Analysis – May 19, 2017

by ForexCycle.com | May 19, 2017 2:04 am
USDCAD’s bearish move extended to as low as 1.3571. Further decline could be expected after a minor consolidation and next target would be at 1.3500 area. Resistance is at 1.3670, only move about this level could trigger...

USDJPY Daily Analysis – May 19, 2017

by ForexCycle.com | May 19, 2017 2:03 am
USDJPY’s fall from 114.36 extended to as low as 110.23. Further decline is still possible after a minor consolidation and next target would be at around 109.60. Near term resistance is at the top of the price...

AUDUSD Daily Analysis – May 19, 2017

by ForexCycle.com | May 19, 2017 2:02 am
Under pressure by the resistance of the descending trend line on 4-hour chart, AUDUSD pulled back from 0.7466. Another rise to test the trend line resistance is still possible after consolidation. As long as the pair is...

GBPUSD Daily Analysis – May 19, 2017

by ForexCycle.com | May 19, 2017 1:55 am
GBPUSD’s upward movement from 1.2365 extended to as high as 1.3047. Further rise is still possible and next target would be at 1.3100 area. Near term support is at the bottom of the price channel on 4-hour...