AUDUSD Daily Analysis – March 20, 2017

by ForexCycle.com | March 20, 2017 5:15 am
AUDUSD broke above 0.7719 resistance, indicating that the uptrend from 0.7490 has resumed. Further rise could be expected and next target would be at 0.7800 area. Support is at now at 0.7663, as long as this level...

GBPUSD Daily Analysis – March 20, 2017

by ForexCycle.com | March 20, 2017 5:14 am
GBPUSD stays above the rising trend line on 4-hours chart and remains in uptrend from 1.2109. As long as the pair stays above the trend line, the uptrend could be expected to continue, and next target would...

EURUSD Daily Analysis – March 20, 2017

by ForexCycle.com | March 20, 2017 5:13 am
EURUSD remains in uptrend from 1.0494, further rise could be expected in a couple of days, and next target would be at 1.0800 area. Key support is at the bottom f the price channel on 4-hours chart,...

USDCAD Daily Analysis – March 17, 2017

by ForexCycle.com | March 17, 2017 2:31 am
USDCAD is now in downtrend from 1.3535, the rise from 1.3276 is likely consolidation of the downtrend. Further decline is still possible after the consolidation and next target would be at 1.3100 area. Resistance is at 1.3380,...

USDJPY Daily Analysis – March 17, 2017

by ForexCycle.com | March 17, 2017 2:30 am
USDJPY’s short term downtrend from 115.50 extended to as low as 112.90. Deeper decline to test 111.59 support is still possible after a minor consolidation. Resistance is located at the top of the price channel on 4-hours...

AUDUSD Daily Analysis – March 17, 2017

by ForexCycle.com | March 17, 2017 2:29 am
Under pressure by 0.7740 resistance, AUDUSD pulled back from 0.7719. However, the pullback is likely consolidation of the uptrend from 0.7490. Support is at 0.7640, as long as the pair is above this level, the uptrend could...

GBPUSD Daily Analysis – March 17, 2017

by ForexCycle.com | March 17, 2017 2:28 am
GBPUSD’s rise from 1.2109 extended to as high as 1.2377. Further rise could be expected after a minor consolidation and next target would be at 1.2450 area. Support is at the ascending trend line on 4-hour chart....

EURUSD Daily Analysis – March 17, 2017

by ForexCycle.com | March 17, 2017 2:27 am
EURUSD stays in a ascending price channel on 4-hours chart and remains in uptrend from 1.0494. As long as the pair stays in the channel, the uptrend could be expected to continue, and further rise to test...

USDCAD Daily Analysis – March 16, 2017

by ForexCycle.com | March 16, 2017 1:45 am
USDCAD broke below 1.3421 key support and is now in downtrend from 1.3535. Near term resistance is at 1.3380, as long as this level holds, the downtrend could be expected to continue, and next target would be...

USDJPY Daily Analysis – March 16, 2017

by ForexCycle.com | March 16, 2017 1:44 am
USDJPY broke below the upward price channel on 4-hours chart, indicating that the uptrend from 111.68 had completed at 115.50 already. The pair is now in downtrend, further decline could be expected in a couple of days,...