EURUSD Daily Analysis – February 16, 2017

by ForexCycle.com | February 16, 2017 3:18 am
EURUSD broke above the downward trend line on 4-hour chart, implying that the downtrend from 1.0828 had completed at 1.0521 already. Further rise would likely be seen in a couple of days and the target would be...

USDCAD Daily Analysis – February 15, 2017

by ForexCycle.com | February 15, 2017 2:07 am
USDCAD remains in uptrend from 1.2968, the fall from 1.3211 is likely correction of the uptrend. As long as 1.2968 support holds, the uptrend could be expected to resume, and further rise to 1.3300 area is possible...

USDJPY Daily Analysis – February 15, 2017

by ForexCycle.com | February 15, 2017 2:06 am
USDJPY is facing the resistance of the downward price channel on 4-hour chart. As long as the pair stays in the channel, the price action from 112.56 could be treated as consolidation of the downtrend from 118.66...

EURUSD Daily Analysis – February 15, 2017

by ForexCycle.com | February 15, 2017 2:05 am
EURUSD’s downward movement from 1.0828 extended to as low as 1.0560. There is a downward trend line on 4-hour chart, which may act as a resistance on the upside now at 1.0620. As long as the pair...

USDJPY Daily Analysis – February 14, 2017

by ForexCycle.com | February 14, 2017 4:19 am
USDJPY’s bounce from 111.59 extended to as high as 114.16. Further rise to the top of the price channel on 4-hour chart is possible. As long as the channel resistance holds, the price action from 112.56 could...

AUDUSD Daily Analysis – February 14, 2017

by ForexCycle.com | February 14, 2017 4:18 am
AUDUSD moved sideways in a narrow range between 0.7605 and 0.7695. The sideways movement is likely consolidation of the uptrend from 0.7159 (Dec 26, 2016 low). Further rise could be expected as long as the pair stays...

GBPUSD Daily Analysis – February 14, 2017

by ForexCycle.com | February 14, 2017 4:17 am
GBPUSD remains in downtrend from 1.2706, the rise from 1.2346 is likely correction of the downtrend. Further decline could be expected after correction, and next target would be at 1.2100 area. Resistance is at 1.2706, only break...

EURUSD Daily Analysis – February 14, 2017

by ForexCycle.com | February 14, 2017 4:17 am
EURUSD stays below the downward trend line on 4-hour chart, which is holding the downside move from 1.0828. As long as the pair is below the trend line, the downtrend could be expected to continue, and next...

USDCAD Daily Analysis – February 13, 2017

by ForexCycle.com | February 13, 2017 2:57 am
USDCAD’s downward movement from 1.3211 extended to as low as 1.3062. However, the fall would possibly be correction of the uptrend from 1.2968, and another rise towards 1.3300 could be expected after correction.

USDJPY Daily Analysis – February 13, 2017

by ForexCycle.com | February 13, 2017 2:56 am
USDJPY broke above 113.95 resistance, indicating that the downward movement from 115.62 had completed at 111.59 already. Further rise to test 115.62 resistance could be expected in a couple of days, and a break of this level...