EURUSD Daily Analysis – January 18, 2017

by ForexCycle.com | January 18, 2017 3:15 am
EURUSD’s upward movement from 1.0340 extended to as high as 1.0719. Further rise is still possible after a minor consolidation, and next target would be at 1.0800 area. Support is located at the upward trend line on...

USDCAD Daily Analysis – January 16, 2017

by ForexCycle.com | January 16, 2017 3:50 am
USDCAD remains in downtrend from 1.3598, the rise from 1.3029 is likely consolidation of the downtrend. Near term resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the...

USDJPY Daily Analysis – January 16, 2017

by ForexCycle.com | January 16, 2017 3:49 am
USDJPY stays below the downward trend line on 4-hour chart, and remains in downtrend from 118.66. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...

AUDUSD Daily Analysis – January 16, 2017

by ForexCycle.com | January 16, 2017 3:49 am
AUDUSD remains in uptrend from 0.7159, the fall from 0.7518 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...

GBPUSD Daily Analysis – January 16, 2017

by ForexCycle.com | January 16, 2017 3:48 am
GBPUSD’s downward movement from 1.2774 (Dec 6, 2016 high) extended to as low as 1.1990. Further decline could be expected after a minor consolidation, and next target would be at 1.1900 area. Resistance is located at the...

EURUSD Daily Analysis – January 16, 2017

by ForexCycle.com | January 16, 2017 3:47 am
EURUSD remains in uptrend from 1.0340, the fall from 1.0684 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 13, 2017

by ForexCycle.com | January 13, 2017 3:16 am
USDCAD continued its downward movement from 1.3598, and the fall extended to as low as 1.3029. Near term resistance is now at 1.3190, as long as this level holds, the downtrend could be expected to continue, and...

USDJPY Daily Analysis – January 13, 2017

by ForexCycle.com | January 13, 2017 3:15 am
USDJPY’s downward movement from 118.66 extended to as low as 113.75. Resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and...

AUDUSD Daily Analysis – January 13, 2017

by ForexCycle.com | January 13, 2017 3:14 am
AUDUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.7159. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...

GBPUSD Daily Analysis – January 13, 2017

by ForexCycle.com | January 13, 2017 3:14 am
GBPUSD remains in downtrend from 1.2774 (Dec 6, 2016 high), the rise from 1.2037 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as...