EURUSD Daily Analysis – October 27, 2016

by ForexCycle.com | October 27, 2016 4:00 am
EURUSD stays in the downward price channel on 4-hour chart and remains in downtrend from 1.1279. As long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 1.0700...

USDJPY Daily Analysis – October 26, 2016

by ForexCycle.com | October 26, 2016 2:12 am
USDJPY broke above 104.63 resistance, indicating that the uptrend from 100.08 has resumed. Further rise could be expected in a couple of days, and next target would be at 106.00 area. Support is at 103.75, only break...

AUDUSD Daily Analysis – October 26, 2016

by ForexCycle.com | October 26, 2016 2:11 am
AUDUSD broke above 0.7650 resistance, indicating that the downward movement from 0.7734 had completed at 0.7587 already. Further rise could be expected over the next several days, and next target would be at 0.7800 area. Support is...

EURUSD Daily Analysis – October 26, 2016

by ForexCycle.com | October 26, 2016 2:11 am
EURUSD is in consolidation of the downtrend from 1.1279. Range trading between 1.0851 and 1.0935 would likely be seen in a couple of days. Near term resistance is at 1.0935, as long as this level holds, the...

USDCAD Daily Analysis – October 25, 2016

by ForexCycle.com | October 25, 2016 3:02 am
USDCAD’s upward movement from 1.3005 extended to as high as 1.3397, the subsequent fall indicate that consolidation of the uptrend is underway. Range trading between 1.3200 and 1.3397 would likely be seen over the next several days.

USDJPY Daily Analysis – October 25, 2016

by ForexCycle.com | October 25, 2016 3:01 am
USDJPY is facing 104.63 resistance, a break of this level will indicate that the uptrend from 100.08 has resumed, then further rise to 106.00 area could be seen. On the other side, as long as 104.63 resistance...

AUDUSD Daily Analysis – October 25, 2016

by ForexCycle.com | October 25, 2016 3:00 am
AUDUSD remains in downtrend from 0.7734, the bounce from 0.7587 could be treated as consolidation of the downtrend. Resistance is at 0.7650, as long as this level holds, the downtrend could be expected to continue, and next...

EURUSD Daily Analysis – October 25, 2016

by ForexCycle.com | October 25, 2016 2:59 am
EURUSD remains in downtrend from 1.1279, the rise from 1.0859 is likely consolidation of the downtrend. Near term resistance is at 1.0935, as long as this level holds, the downtrend could be expected to resume, and further...

USDCAD Daily Analysis – October 24, 2016

by ForexCycle.com | October 24, 2016 3:04 am
USDCAD continued its upward movement from 1.3005, and the rise extended to as high as 1.3358. Further rise could be expected after a minor consolidation, and next target would be at 1.3600 area. Support levels are at...

USDJPY Daily Analysis – October 24, 2016

by ForexCycle.com | October 24, 2016 3:04 am
USDJPY continued its sideways movement in a range between 102.81 and 104.63. Key support is at 102.81, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend from 100.08, and...