USDCAD Daily Analysis – January 10, 2017

by ForexCycle.com | January 10, 2017 3:06 am
USDCAD remains in downtrend from 1.3598, the rise from 1.3178 could be treated as consolidation of the downtrend. Resistance is at 1.3340, as long as this level holds, the downtrend could be expected to continue, and next...

AUDUSD Daily Analysis – January 10, 2017

by ForexCycle.com | January 10, 2017 3:05 am
AUDUSD remains in uptrend from 0.7159. Further rise could be expected and next target would be at 0.7450 area. Support is at 0.7287, only break below this level could signal completion of the uptrend.

GBPUSD Daily Analysis – January 10, 2017

by ForexCycle.com | January 10, 2017 3:05 am
GBPUSD broke below 1.2199 support and continued its downward movement from 1.2774. Further decline could be expected, and next target would be at 1.2000 area. Resistance levels are at 1.2300 and 1.2432, only break above these levels...

EURUSD Daily Analysis – January 10, 2017

by ForexCycle.com | January 10, 2017 3:04 am
EURUSD is facing 1.0653 resistance, a break of this level will indicate that the pair is in uptrend from 1.0340, then further rise to 1.0800 area could be seen. Near term support is at 1.0475, only break...

USDCAD Daily Analysis – January 6, 2017

by ForexCycle.com | January 6, 2017 3:19 am
USDCAD continued its downward movement from 1.3598, and the fall extended to as low as 1.3191. Near term resistance is at 1.3340, as long as this level holds, the downtrend will continue, and next target would be...

USDJPY Daily Analysis – January 6, 2017

by ForexCycle.com | January 6, 2017 3:18 am
USDJPY is facing 114.73 support, a breakdown below this level will signal completion of the uptrend from 101.18 (Nov 09, 2016 low), then the following downward movement could bring price back to 112.50 area. On the upside,...

AUDUSD Daily Analysis – January 6, 2017

by ForexCycle.com | January 6, 2017 3:17 am
AUDUSD’s upward movement from 0.7159 extended to as high as 0.7356. Further rise is still possible and next target would be at 0.7400 area. Support is at 0.7280, only break below this level could signal completion of...

GBPUSD Daily Analysis – January 6, 2017

by ForexCycle.com | January 6, 2017 3:17 am
GBPUSD broke above 1.2387 resistance, indicating that the downtrend from 1.2774 had completed at 1.2199 already. Further rise could be expected over the next several days and next target would be at 1.2700 area. Support levels are...

EURUSD Daily Analysis – January 6, 2017

by ForexCycle.com | January 6, 2017 3:16 am
EURUSD’s bounce from 1.0340 extended to as high as 1.0615. Further rise is still possible in a couple of days, and next target would be at 1.0800 area. Support is at 1.0475, only break below this level...

USDCAD Daily Analysis – January 5, 2017

by ForexCycle.com | January 4, 2017 11:38 pm
USDCAD’s downward movement from 1.3598 extended to as low as 1.3281. Further decline is still possible after a minor consolidation, and next target would be at 1.3150 area. Resistance is at 1.3390, as long as this level...