EURUSD Daily Analysis – May 11, 2017

by ForexCycle.com | May 11, 2017 12:33 am
EURUSD’s downward movement from 1.1021 extended to as low as 1.0853. Near term resistance is at 1.0900, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0750...

USDCAD Daily Analysis – May 10, 2017

by ForexCycle.com | May 10, 2017 3:06 am
USDCAD remains in downtrend from 1.3793, the rise from 1.3641 is likely consolidation of the downtrend. Another fall could be expected after the consolidation and next target would be at 1.3550 area. Resistance is at 1.3793, only...

USDJPY Daily Analysis – May 10, 2017

by ForexCycle.com | May 10, 2017 3:05 am
USDJPY broke out of the top of the price channel on 4-hour chart and reached as high as 114.32. Consolidation for the uptrend would likely be seen in a couple of days and pullback to the bottom...

AUDUSD Daily Analysis – May 10, 2017

by ForexCycle.com | May 10, 2017 3:04 am
AUDUSD’s downward movement from 0.7555 extended to as low as 0.7328. Further decline is still possible and next target would be at 0.7280 area. Key resistance is at 0.7426, only a break above this level will indicate...

GBPUSD Daily Analysis – May 10, 2017

by ForexCycle.com | May 10, 2017 3:03 am
GBPUSD stays in the rising price channel on 4-hour chart and remains in uptrend from 1.2365. As long as the pair is in the channel, the uptrend could be expected to continue and next target would be...

EURUSD Daily Analysis – May 10, 2017

by ForexCycle.com | May 10, 2017 3:02 am
EURUSD broke below 1.0874 support, suggesting that the upward movement from 1.0569 had completed at 1.1021 already. The pair is now in downtrend. Further decline could be expected and next target would be at 1.0750 area. Near...

USDCAD Daily Analysis – May 9, 2017

by ForexCycle.com | May 9, 2017 3:59 am
USDCAD is now in downtrend from 1.3793. Further decline could be expected and next target would be at 1.3550 area. Resistance levels are at 1.3740 and 1.3793, only break above these levels could trigger another rise towards...

USDJPY Daily Analysis – May 9, 2017

by ForexCycle.com | May 9, 2017 3:58 am
USDJPY failed to break below the support of the price channel on 4-hour chart and continued its upward movement from 108.13. As long as the pair remains in the channel, the upward movement could be expected to...

AUDUSD Daily Analysis – May 9, 2017

by ForexCycle.com | May 9, 2017 3:57 am
After consolidation, AUDUSD continues its downward movement from 0.7555 and the fall extended to as low as 0.7354. Near term resistance is now at 0.7426, as long as this level holds, the downward movement could be expected...

GBPUSD Daily Analysis – May 9, 2017

by ForexCycle.com | May 9, 2017 3:56 am
GBPUSD remains in uptrend from 1.2365. As long as the pair is in the ascending price channel on 4-hour chart, the uptrend could be expected to continue, and next target would be at 1.3100 area. Key support...