EURUSD Daily Analysis – April 17, 2017

by ForexCycle.com | April 17, 2017 1:57 am
EURUSD moved sideways in a trading range between 1.0569 and 1.0689. As long as 1.0689 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0905, and further decline to...

USDCAD Daily Analysis – April 14, 2017

by ForexCycle.com | April 14, 2017 4:14 am
USDCAD broke above 1.3300 resistance, indicating that the downward movement from 1.3455 had completed at 1.3223 already. Further rise could be expected after correction and next target would be at 1.3400 area. Support levels are at 1.3275...

USDJPY Daily Analysis – April 14, 2017

by ForexCycle.com | April 14, 2017 4:11 am
USDJPY remains in downtrend from 111.57 and the fall extended to as low as 108.72. Further decline could be expected in a couple of days, and next target would be at 108.00 area. Resistance is at 109.90,...

AUDUSD Daily Analysis – April 14, 2017

by ForexCycle.com | April 14, 2017 4:10 am
AUDUSD is now in uptrend from 0.7473. Further rise could be expected after a minor consolidation and next target would be at 0.7700 area. Support is at 0.7500, only break below this level could bring price back...

GBPUSD Daily Analysis – April 14, 2017

by ForexCycle.com | April 14, 2017 4:09 am
After touching 1.2557 resistance, GBPUSD pulled back to 1.2495, indicating that the pair remains in downtrend from 1.2615, and the price action from 1.2376 could be treated as consolidation of the downtrend. Deeper decline to test 1.2365...

EURUSD Daily Analysis – April 14, 2017

by ForexCycle.com | April 14, 2017 4:08 am
Under pressure by 1.0689 resistance, EURUSD pulled back to 1.0610. Deeper decline to test 1.0569 support is possible. A breakdown below this level will indicate that the downtrend from 1.0905 has resumed, then next target would be...

USDCAD Daily Analysis – April 13, 2017

by ForexCycle.com | April 13, 2017 1:39 am
USDCAD broke below 1.3264 support. Further decline is still possible after a minor consolidation and next target would be at 1.3150 area. Near term resistance is at 1.3300, as long as this level holds, the downtrend will...

USDJPY Daily Analysis – April 13, 2017

by ForexCycle.com | April 13, 2017 1:39 am
USDJPY’s downward movement from 111.57 extended to as low as 108.81. Further decline could be expected in a couple of days, and next target would be at 108.00 area. Resistance is at 109.90, as long as this...

AUDUSD Daily Analysis – April 13, 2017

by ForexCycle.com | April 13, 2017 1:38 am
AUDUSD broke above 0.7514 resistance, indicating that the downward movement from 0.7679 had completed at 0.7473 already. Further rise could be expected and next target would be at 0.7570, followed by 0.7600. Support levels are at 0.7500...

GBPUSD Daily Analysis – April 13, 2017

by ForexCycle.com | April 13, 2017 1:37 am
GBPUSD is facing 1.2557 resistance, a break of this level will indicate that the uptrend from 1.2109 has resumed, then next target would be at 1.2670 area. On the downside, as long as 1.2557 resistance holds, the...