AUDUSD Daily Analysis – January 19, 2017

by ForexCycle.com | January 19, 2017 3:42 am
AUDUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds the fall from 0.7568 could be treated as consolidation of the uptrend from 0.7159, and further...

GBPUSD Daily Analysis – January 19, 2017

by ForexCycle.com | January 19, 2017 3:41 am
GBPUSD is now in uptrend from 1.1986, the fall from 1.2415 could be treated as correction of the uptrend. Near term support is at 1.2180. As long as this level holds, the uptrend could be expected to...

EURUSD Daily Analysis – January 19, 2017

by ForexCycle.com | January 19, 2017 3:40 am
EURUSD remains in uptrend from 1.0340, the fall from 1.0719 is likely consolidation of the uptrend. Support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could...

USDCAD Daily Analysis – January 18, 2017

by ForexCycle.com | January 18, 2017 3:17 am
USDCAD failed to break above the downward trend line on 4-hour chart, indicating that the pair remains in downtrend from 1.3598. As long as the trend line resistance holds, the downtrend could be expected to continue, and...

USDJPY Daily Analysis – January 18, 2017

by ForexCycle.com | January 18, 2017 3:17 am
USDJPY’s downward movement from 118.60 extended to as low as 112.56. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue,...

AUDUSD Daily Analysis – January 18, 2017

by ForexCycle.com | January 18, 2017 3:16 am
AUDUSD continued its upward movement from 0.7159 and the rise extended to as high as 0.7568. Near term support is at upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend...

GBPUSD Daily Analysis – January 18, 2017

by ForexCycle.com | January 18, 2017 3:15 am
GBPUSD broke above the top of the price channel on 4-hour chart, indicating that the downward movement from 1.2774 (Dec 6, 2016 high) had completed at 1.1986 already. Further rally could be expected over the next several...

EURUSD Daily Analysis – January 18, 2017

by ForexCycle.com | January 18, 2017 3:15 am
EURUSD’s upward movement from 1.0340 extended to as high as 1.0719. Further rise is still possible after a minor consolidation, and next target would be at 1.0800 area. Support is located at the upward trend line on...

USDCAD Daily Analysis – January 16, 2017

by ForexCycle.com | January 16, 2017 3:50 am
USDCAD remains in downtrend from 1.3598, the rise from 1.3029 is likely consolidation of the downtrend. Near term resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the...

USDJPY Daily Analysis – January 16, 2017

by ForexCycle.com | January 16, 2017 3:49 am
USDJPY stays below the downward trend line on 4-hour chart, and remains in downtrend from 118.66. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...