GBPUSD Daily Analysis – March 13, 2017

by ForexCycle.com | March 13, 2017 1:24 am
GBPUSD stays in the descending price channel on 4-hour chart and remains in downtrend from 1.2569. As long as the pair is in the channel, the downtrend could be expected to continue, and next target would be...

EURUSD Daily Analysis – March 13, 2017

by ForexCycle.com | March 13, 2017 1:22 am
EURUSD broke above 1.0679 resistance, indicating that the pair is now in uptrend from 1.0493. Further rise would likely be seen in a couple of days, and next target would be at 1.0750 area. Support is at...

USDCAD Daily Analysis – March 10, 2017

by ForexCycle.com | March 10, 2017 4:40 am
USDCAD’s upward movement from 1.3009 extended to as high as 1.3535. Support is at the bottom of the price channel on 4-hour chart. As long as the pair stays in the channel, the uptrend could be expected...

USDJPY Daily Analysis – March 10, 2017

by ForexCycle.com | March 10, 2017 4:38 am
USDJPY broke above 114.95 resistance, indicating that the downward movement from 118.66 (Dec 15, 2016 high) had completed at 111.59 already. The pair is now in uptrend from 111.68, further rise could be expected over the next...

AUDUSD Daily Analysis – March 10, 2017

by ForexCycle.com | March 10, 2017 4:37 am
AUDUSD stays below the downward trend line on 4-hours chart and remains in downtrend from 0.7740. As long as the pair is below the trend line, the downtrend could be expected to continue, and next target would...

GBPUSD Daily Analysis – March 10, 2017

by ForexCycle.com | March 10, 2017 4:37 am
GBPUSD remains in downtrend from 1.2569. As long as the pair is in the descending channel on 4-hours chart, the downtrend could be expected to continue, and next target would be at 1.2000 area. Resistance levels are...

EURUSD Daily Analysis – March 10, 2017

by ForexCycle.com | March 10, 2017 4:36 am
EURUSD continued its sideways movement in a range between 1.0493 and 1.0679. The sideways movement is likely consolidation of the downtrend from 1.0828, further decline to 1.0400 area is still possible after the sideways consolidation. Key resistance...

EURUSD Daily Analysis – March 9, 2017

by ForexCycle.com | March 9, 2017 2:18 am
EURUSD moved sideways in a trading range between 1.0493 and 1.0679. As long as 1.0679 key resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.0828 and further decline to 1.0400 area...

GBPUSD Daily Analysis – March 9, 2017

by ForexCycle.com | March 9, 2017 2:16 am
GBPUSD’s bearish movement from 1.2569 extended to as low as 1.2139. As long as the pair stays in the descending channel on 4-hour chart, the downtrend could be expected to continue, and next target would be at...

AUDUSD Daily Analysis – March 9, 2017

by ForexCycle.com | March 9, 2017 2:15 am
After consolidation, AUDUSD continued its downward movement from 0.7740 and dropped to as low as 0.7517. Further decline is still possible after a minor consolidation, and next target would be at 0.7400 area. Near term resistance is...