EURUSD Daily Analysis – December 16, 2016

by ForexCycle.com | December 16, 2016 2:23 am
EURUSD broke below 1.0462 (Mar 13, 2015 low) support, indicating that the long term downtrend from 1.3993 (May 8, 2014 high) has resumed. Further decline could be expected and next target would be at 1.0200 area. Resistance...

USDCAD Daily Analysis – December 15, 2016

by ForexCycle.com | December 15, 2016 3:12 am
USDCAD broke above the downward price channel on 4-hour chart, indicating that the downtrend from 1.3536 had competed at 1.3080 already. Further rally could be expected after a minor consolidation and next target would be at 1.3500...

USDJPY Daily Analysis – December 15, 2016

by ForexCycle.com | December 15, 2016 3:12 am
USDJPY’s upward movement from 101.18 extended to as high as 117.85. Key support is now at 114.73, as long as this level holds, the uptrend could be expected to continue, and next target would be at 120.00...

AUDUSD Daily Analysis – December 15, 2016

by ForexCycle.com | December 15, 2016 3:11 am
AUDUSD’s upward movement from 0.7310 had completed at 0.7524 already. The pair is now in downtrend, further decline to test 0.7310 support could be seen in a couple of days, a break below this level will signal...

GBPUSD Daily Analysis – December 15, 2016

by ForexCycle.com | December 15, 2016 3:11 am
GBPUSD broke below 1.2548 support, indicating that the uptrend from 1.2302 had completed at 1.2774 already. Deeper decline would likely be seen in a couple of days and next target would be at 1.2300 zone. Resistance is...

EURUSD Daily Analysis – December 15, 2016

by ForexCycle.com | December 15, 2016 3:10 am
EURUSD broke below 1.0505 support, indicating that the downtrend from 1.1299 has resumed. Further decline to test 1.0462 (Mar 13, 2015 low) support could be expected in a couple of days. Resistance is at 1.0669, only break...

AUDUSD Daily Analysis – December 13, 2016

by ForexCycle.com | December 13, 2016 3:04 am
AUDUSD broke above 0.7508 resistance and continued its upward movement from 0.7369. Further rise could be expected and next target would be at 0.7600 area. Support level is at 0.7428, only break below this level could signal...

GBPUSD Daily Analysis – December 13, 2016

by ForexCycle.com | December 13, 2016 3:04 am
GBPUSD is facing 1.2700 resistance, a break of this level could signal resumption of the uptrend from 1.2302, then next target would be at 1.2900 area. Key support is now at 1.2548, a breakdown below this level...

EURUSD Daily Analysis – December 13, 2016

by ForexCycle.com | December 13, 2016 3:03 am
EURUSD failed to break below 1.0505 support and rebounded to 1.0650 area. However another fall to test 1.0505 support is still possible, a breakdown below this level will signal resumption of the downtrend from 1.1299, then next...

USDCAD Daily Analysis – December 12, 2016

by ForexCycle.com | December 12, 2016 2:07 am
USDCAD stays in the downward price channel on 4-hour chart and remains in downtrend from 1.3536. Further decline could be expected and next target would be at 1.3000 area. Resistance is located at the top of the...