USDJPY Daily Analysis – January 20, 2017

by ForexCycle.com | January 20, 2017 3:21 am
USDJPY broke above the downward trend line on 4-hour chart, indicating that the downtrend from 118.60 had completed at 112.56 already. Further rise could be expected and next target would be at 117.50 area. Near term support...

AUDUSD Daily Analysis – January 20, 2017

by ForexCycle.com | January 20, 2017 3:21 am
AUDUSD failed to break below the upward trend line on 4-hour chart, and continued its upward movement from 0.7159. As long as the trend line support holds, the uptrend could be expected to continue, and next target...

GBPUSD Daily Analysis – January 20, 2017

by ForexCycle.com | January 20, 2017 3:20 am
GBPUSD remains in uptrend from 1.1986, the fall from 1.2415 could be treated as consolidation of the uptrend. Support is at 1.2180, as long as this level holds, the uptrend could be expected to resume, and further...

EURUSD Daily Analysis – January 20, 2017

by ForexCycle.com | January 20, 2017 3:20 am
EURUSD stays above the upward trend line on 4-hour chart and remains in uptrend from 1.0340. As long as the trend line support holds, the fall from 1.0719 could be treated as consolidation of the uptrend. Further...

USDCAD Daily Analysis – January 19, 2017

by ForexCycle.com | January 19, 2017 3:43 am
USDCAD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.3598 had completed at 1.3018 already. Further rise could be expected over the next several days, and next target would be at...

USDJPY Daily Analysis – January 19, 2017

by ForexCycle.com | January 19, 2017 3:43 am
USDJPY is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the rise from 112.56 could be treated as consolidation of the downtrend from 118.60, and further...

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...