AUDUSD Daily Analysis – March 14, 2017

by ForexCycle.com | March 14, 2017 2:31 am
AUDUSD stays in the descending price channel on 4-hour chart, and remains in downtrend from 0.7740. As long as the pair is in the channel, the downtrend could be expected to continue and further decline to 0.7400...

GBPUSD Daily Analysis – March 14, 2017

by ForexCycle.com | March 14, 2017 2:30 am
GBPUSD broke above the channel resistance, indicating that the downward movement from 1.2569 had completed at 1.2134 already. The pair is now in uptrend, further rise could be expected over the next several days, and next target...

EURUSD Daily Analysis – March 14, 2017

by ForexCycle.com | March 14, 2017 2:28 am
EURUSD remains in uptrend from 1.0494, the fall from 1.0714 is likely consolidation of the uptrend. Support level is at 1.0600, as long as the pair is above this level, the upward movement could be expected to...

USDCAD Daily Analysis – March 13, 2017

by ForexCycle.com | March 13, 2017 1:27 am
USDCAD remains in uptrend from 1.3009, the fall from 1.3535 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 channel support holds,...

USDJPY Daily Analysis – March 13, 2017

by ForexCycle.com | March 13, 2017 1:26 am
USDJPY is now in uptrend from 111.68. Further rise could be expected over the next several days, and next target would be at 117.50 area. Support is at 113.55, only break below this level could trigger another...

AUDUSD Daily Analysis – March 13, 2017

by ForexCycle.com | March 13, 2017 1:24 am
AUDUSD remains in downtrend from 0.7740, the rise from 0.7490 is likely consolidation of the downtrend. Resistance is now at the top of the price channel on 4-hour chart. As long as the pair is in the...

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...