EURUSD Daily Analysis – May 3, 2017

by ForexCycle.com | May 3, 2017 12:32 am
EURUSD is facing 1.0950 resistance again. A break of this level will indicate that the upward movement from 1.0569 has resumed, then next target would be at 1.1000 area. Support levels are at 1.0870 and 1.0820, only...

USDCAD Daily Analysis – May 2, 2017

by ForexCycle.com | May 2, 2017 3:42 am
USDCAD remains in uptrend from 1.3223, the fall from 1.3696 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart. As long as the pair is in...

USDJPY Daily Analysis – May 2, 2017

by ForexCycle.com | May 2, 2017 3:41 am
USDJPY’s upward movement from 108.13 extended to as high as 111.97. 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...

AUDUSD Daily Analysis – May 2, 2017

by ForexCycle.com | May 2, 2017 3:40 am
AUDUSD moved above 0.7540 resistance, indicating that the downward movement from 0.7610 had completed at 0.7439 already. Further rise could be expected in a couple of days and next target would be at the top of the...

GBPUSD Daily Analysis – May 2, 2017

by ForexCycle.com | May 2, 2017 3:38 am
GBPUSD is testing that support of the ascending price channel on 4-hour chart. As long as the channel support holds, the uptrend from 1.2756 could be expected to continue and further rise to 1.3100 area is possible....

EURUSD Daily Analysis – May 2, 2017

by ForexCycle.com | May 2, 2017 3:36 am
EURUSD is forming a sideways consolidation in a trading range between 1.0820 and 1.0950. As long as the pair is above 1.0820 support, the uptrend from 1.0569 could be expected to resume after the consolidation and next...

USDCAD Daily Analysis – May 1, 2017

by ForexCycle.com | May 1, 2017 3:14 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 upward movement could be expected to continue, and next target would...

USDJPY Daily Analysis – May 1, 2017

by ForexCycle.com | May 1, 2017 3:13 am
USDJPY stays in a ascending price channel on 4-hour chart and remains in uptrend from 108.13. Further rise could be expected after consolidation and next target would be at 113.00 area. Support is located at the bottom...

AUDUSD Daily Analysis – May 1, 2017

by ForexCycle.com | May 1, 2017 3:11 am
AUDUSD remains in downtrend from 0.7610, the rise from 0.7439 is likely consolidation of the downtrend. Resistance is at 0.7540, as long as this level holds, the downward movement could be expected to continue, and next target...

GBPUSD Daily Analysis – May 1, 2017

by ForexCycle.com | May 1, 2017 3:09 am
GBPUSD’s upward movement from 1.2756 extended to as high as 1.2965. Support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the upward movement could be expected to...