USDJPY Daily Analysis – January 5, 2017

by ForexCycle.com | January 4, 2017 11:38 pm
USDJPY failed to break above 118.66 resistance. Another fall to test 114.73 support would likely be seen over the next several days. Key support is at 114.73, as long as this level holds, the uptrend from 101.18...

AUDUSD Daily Analysis – January 5, 2017

by ForexCycle.com | January 4, 2017 11:37 pm
AUDUSD broke above 0.7246 resistance, indicating that the downtrend from 0.7524 had completed at 0.7159 already. Further rally could be expected over the next several days, and the target would be at 0.7400 area.

GBPUSD Daily Analysis – January 5, 2017

by ForexCycle.com | January 4, 2017 11:36 pm
GBPUSD moved sideways in a trading range between 1.2199 and 1.2387. As long as 1.2387 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.2774, and further decline to...

EURUSD Daily Analysis – January 5, 2017

by ForexCycle.com | January 4, 2017 11:36 pm
After touching 1.0352 support, EURUSD rebounded to 1.0500 zone, indicating that lengthier consolidation for the downtrend from 1.1299 (Nov 9, 2016 high) is needed. Further rally could be expected and the target would be at 1.0650 area.

USDJPY Daily Analysis – January 4, 2017

by ForexCycle.com | January 4, 2017 1:13 am
USDJPY is facing 118.66 resistance, a break of this level will indicate that the uptrend from 101.18 (Nov 09, 2016 low) has resumed, then next target would be at 120.00 area. Key support is at 114.73, only...

GBPUSD Daily Analysis – January 4, 2017

by ForexCycle.com | January 4, 2017 1:12 am
GBPUSD broke below 1.2202 support, indicating that the downtrend from 1.2774 has resumed. Resistance is at the top of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected...

EURUSD Daily Analysis – January 4, 2017

by ForexCycle.com | January 4, 2017 1:11 am
EURUSD broke below 1.0352 support, indicating that the downtrend from 1.1299 (Nov 9, 2016 high) has resumed. Further decline could be expected and next target would be at 1.0200 area. Resistance levels are at 1.0500 and 1.0653,...

USDCAD Daily Analysis – January 3, 2017

by ForexCycle.com | January 3, 2017 3:32 am
USDCAD broke below 1.3471 support, indicating that the uptrend from 1.3080 had completed at 1.3598 already. Deeper decline could be expected, and the target would be at 1.3300 area. Resistance is at 1.3500, only break above this...

USDJPY Daily Analysis – January 3, 2017

by ForexCycle.com | January 3, 2017 3:31 am
No changed in our view, USDJPY remains in uptrend from 101.18 (Nov 09, 2016 low), the fall from 118.66 is likely consolidation of the uptrend. Key support is at 114.73, as long as this level holds, the...

AUDUSD Daily Analysis – January 3, 2017

by ForexCycle.com | January 3, 2017 3:31 am
AUDUSD moved sideways in a trading range between 0.7159 and 0.7246. As long as 0.7246 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.7524, and further decline to...