USDJPY Daily Analysis – February 6, 2017

by ForexCycle.com | February 6, 2017 3:33 am
USDJPY remains in downtrend from 118.66 (Dec 15, 2016 high). Further decline could be expected after a minor consolidation and next target would be at 110.00 area. Near term resistance is at 113.95, only break above this...

AUDUSD Daily Analysis – February 6, 2017

by ForexCycle.com | February 6, 2017 3:33 am
AUDUSD remains in uptrend from 0.7159 (Dec 26, 2016 low), the fall from 0.7695 is likely consolidation of the uptrend. Near term support is at 0.7610, as long as the pair stays above this level, the uptrend...

GBPUSD Daily Analysis – February 6, 2017

by ForexCycle.com | February 6, 2017 3:32 am
GBPUSD is in consolidation of the uptrend from 1.1986. Range trading between 1.2412 and 1.2706 would likely be seen in a couple of days. Support is at 1.2412, as long as this level holds, the uptrend could...

EURUSD Daily Analysis – February 6, 2017

by ForexCycle.com | February 6, 2017 3:31 am
EURUSD remains in uptrend from 1.0340, the fall from 1.0828 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds,...

USDCAD Daily Analysis – February 3, 2017

by ForexCycle.com | February 3, 2017 3:17 am
USDCAD remains in downtrend from 1.3387, the rise from 1.2968 is likely consolidation of the downtrend. Key resistance is at 1.3168, as long as this level holds, the downtrend could be expected to continue, and next target...

USDJPY Daily Analysis – February 3, 2017

by ForexCycle.com | February 3, 2017 3:16 am
USDJPY’s downward movement from 118.66 (Dec 15, 2016 high) extended to as low as 112.05. Further decline could be expected over the next several days, and next target would be at 110.00 area. Near term resistance is...

AUDUSD Daily Analysis – February 3, 2017

by ForexCycle.com | February 3, 2017 3:15 am
AUDUSD’s upward movement from 1.7159 (Dec 26, 2016 low) extended to as high as 0.7695. Key support is now at 0.7511, as long as this level holds, the uptrend could be expected to continue, and next target...

GBPUSD Daily Analysis – February 3, 2017

by ForexCycle.com | February 3, 2017 3:14 am
GBPUSD remains in uptrend from 1.1986, the price action from 1.2673 could be treated as consolidation of the uptrend. As long as 1.2412 support holds, the uptrend could be expected to continue, and next target would be...

EURUSD Daily Analysis – February 3, 2017

by ForexCycle.com | February 3, 2017 3:14 am
EURUSD stays in the upward price channel on 4-hour chart, and remains in uptrend from 1.0340. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.0900...

USDCAD Daily Analysis – February 1, 2017

by ForexCycle.com | February 1, 2017 3:17 am
USDCAD broke below 1.3018 support, indicating that the downtrend from 1.3598 has resumed. Further decline could be expected over th next several days, and next target would be at 1.2800 area. Near term resistance is at 1.3168,...