EURUSD Daily Analysis – May 5, 2017

by ForexCycle.com | May 5, 2017 3:59 am
After consolidation, EURUSD broke out of 1.0950 resistance and continued its bullish movement from 1.0569. Near term support is at 1.0900, as long as this level holds, the bullish move could be expected to continue, and next...

USDCAD Daily Analysis – May 4, 2017

by ForexCycle.com | May 4, 2017 1:58 am
USDCAD stays in a ascending price channel on 4-hour chart and remains in uptrend from 1.3223. As long as the pair is in the channel, the fall from 1.3757 could be treated as consolidation of the uptrend,...

USDJPY Daily Analysis – May 4, 2017

by ForexCycle.com | May 4, 2017 1:56 am
USDJPY’s bullish movement from 108.13 extended to as high as 112.89. As long as the pair is in the ascending price channel on 4-hour chart, the bullish move could be expected to continue, and next target would...

AUDUSD Daily Analysis – May 4, 2017

by ForexCycle.com | May 4, 2017 1:55 am
AUDUSD’s downward movement from 0.7610 extended to as low as 0.7414. Further decline is still possible and next target would be at 0.7300 area. Near term resistance is at 0.7465 and the key resistance is located at...

GBPUSD Daily Analysis – May 4, 2017

by ForexCycle.com | May 4, 2017 1:54 am
GBPUSD broke below 1.2864 support, indicating that the short term uptrend from 1.2756 had completed at 1.2965 already. Deeper decline could be seen in a couple of days, and next target would be at the bottom of...

EURUSD Daily Analysis – May 4, 2017

by ForexCycle.com | May 4, 2017 1:53 am
EURUSD failed to break out of 1.0950 resistance and continued its sideways movement in a trading range between 1.0820 and 1.0950. As long as the 1.0820 support holds, the sideways movement could be treated as consolidation of...

USDCAD Daily Analysis – May 3, 2017

by ForexCycle.com | May 3, 2017 12:38 am
USDCAD’s upward movement from 1.3223 extended to as high as 1.3757. As long as the pair is in the ascending price channel on 4-hour chart, the upward movement could be expected to continue, and next target would...

USDJPY Daily Analysis – May 3, 2017

by ForexCycle.com | May 3, 2017 12:36 am
USDJPY stays in a ascending price channel on 4-hour chart and remains in uptrend from 108.13. Near term support is at the bottom of the channel. As long as the channel support holds, the upward movement could...

AUDUSD Daily Analysis – May 3, 2017

by ForexCycle.com | May 3, 2017 12:35 am
AUDUSD is in short term uptrend from 0.7439. Further rise could be expected after a minor consolidation and the target would be at the top of the price channel on 4-hour chart. Support is at 0.7510, only...

GBPUSD Daily Analysis – May 3, 2017

by ForexCycle.com | May 3, 2017 12:33 am
GBPUSD remains in short term uptrend from 1.2756. Support is now at 1.2864, as long as this level holds, the uptrend could be expected to continue and next target would be at 1.3100 area. On the downside,...