GBPUSD Daily Analysis – November 28, 2016

by ForexCycle.com | November 28, 2016 2:18 am
GBPUSD remains in downtrend from 1.2673, the rise from 1.2302 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and the target would be at 1.2000 area.

EURUSD Daily Analysis – November 28, 2016

by ForexCycle.com | November 28, 2016 2:18 am
EURUSD is facing 1.0657 resistance, a break of this level will indicate that the downward movement from 1.1299 had completed at 1.0518 already, then further rally to 1.0800 area could be seen. On the downside, as long...

USDJPY Daily Analysis – November 25, 2016

by ForexCycle.com | November 25, 2016 2:47 am
USDJPY continued its upward movement from 101.18 and the rise extended to as high as 113.89. Support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could...

AUDUSD Daily Analysis – November 25, 2016

by ForexCycle.com | November 25, 2016 2:46 am
AUDUSD broke above the downward price channel on 4-hour chart and is now facing 0.7441 resistance, a break of this level will indicate that the downward movement from 0.7778 had completed at 0.7310 already, then the following...

EURUSD Daily Analysis – November 25, 2016

by ForexCycle.com | November 25, 2016 2:45 am
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.1299. Further decline to test 1.0462 (Mar 13, 2015 low) support would likely be seen in a couple of days. Near term...

USDJPY Daily Analysis – November 24, 2016

by ForexCycle.com | November 24, 2016 3:29 am
USDJPY’s upward movement from 101.18 extended to as high as 112.97. Further rise could be expected after a minor consolidation, and next target would be at 115.00 area. Support is at 110.00, as long as this level...

AUDUSD Daily Analysis – November 24, 2016

by ForexCycle.com | November 24, 2016 3:29 am
AUDUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 0.7778. As long as the channel resistance holds, the downtrend will be expected to continue, and next target would be at 0.7200...

GBPUSD Daily Analysis – November 24, 2016

by ForexCycle.com | November 24, 2016 3:28 am
GBPUSD is now in uptrend from 1.2302. Further rise to test 1.2673 resistance would likely be seen in a couple of days, a break of this level will confirm that the longer term uptrend from 1.1946 (Oct...

EURUSD Daily Analysis – November 24, 2016

by ForexCycle.com | November 24, 2016 3:28 am
EURUSD remains in downtrend from 1.1299, and the fall extended to as low as 1.0526. As long as the downward trend line resistance holds, the downtrend could be expected to continue, and further decline to test 1.0462...

USDCAD Daily Analysis – November 22, 2016

by ForexCycle.com | November 22, 2016 2:37 am
USDCAD’s downward movement from 1.3588 extended to as low as 1.3386. Further decline could be expected in a couple of days, and next target would be at 1.3250 area.