EURUSD Daily Analysis – January 31, 2017

by ForexCycle.com | January 31, 2017 1:43 am
EURUSD broke below the upward trend line on 4-hour chart. However as long as 1.0588 support holds, the fall from 1.0774 would possibly be consolidation of the uptrend from 1.0340, and further rise to 1.0900 area is...

USDCAD Daily Analysis – January 30, 2017

by ForexCycle.com | January 30, 2017 2:43 am
Being contained by 1.3018 support, USDCAD rebounded from 1.3053. However, the bounce is likely consolidation of the downtrend from 1.3387, further decline to 1.2900 area is still possible after consolidation. Resistance is at 1.3230, only break above...

GBPUSD Daily Analysis – January 30, 2017

by ForexCycle.com | January 30, 2017 2:43 am
GBPUSD stays in the upward price channel on 4-hour chart, and remains in uptrend from 1.1986. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.2800...

EURUSD Daily Analysis – January 30, 2017

by ForexCycle.com | January 30, 2017 2:42 am
EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.0340, and the fall from 1.0774 could be treated as consolidation of the uptrend. As long as the trend line support holds,...

USDCAD Daily Analysis – January 27, 2017

by ForexCycle.com | January 27, 2017 1:13 am
USDCAD remains in downtrend from 1.3387. Further decline would likely be seen after a minor consolidation and next target would be at 1.2900 area. Resistance is at 1.3230, as long as this level holds, the downtrend will...

USDJPY Daily Analysis – January 27, 2017

by ForexCycle.com | January 27, 2017 1:13 am
No changed in our view, USDJPY remains in downtrend from 118.60, as long as 115.62 resistance holds, the price action from 112.56 could be treated as consolidation of the downtrend. Further decline would likely be seen and...

AUDUSD Daily Analysis – January 27, 2017

by ForexCycle.com | January 27, 2017 1:12 am
AUDUSD moved sideways in a trading range between 0.7493 and 0.7608. As long as 0.7493 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.7159, and further rise to...

GBPUSD Daily Analysis – January 27, 2017

by ForexCycle.com | January 27, 2017 1:11 am
GBPUSD remains in uptrend from 1.1986, the fall from 1.2673 is likely consolidation of the uptrend. Support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the uptrend...

EURUSD Daily Analysis – January 27, 2017

by ForexCycle.com | January 27, 2017 1:11 am
EURUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the fall from 1.0774 could be treated as consolidation of the uptrend from 1.0340, and further...

USDCAD Daily Analysis – January 26, 2017

by ForexCycle.com | January 26, 2017 3:14 am
USDCAD broke below 1.3240 support, indicating that the pair is back in downtrend. Further decline could be expected over the next several days, and next target would be at 1.2900 area. Resistance is at 1.3230, as long...