EURUSD Daily Analysis – November 1, 2016

by ForexCycle.com | November 1, 2016 2:22 am
EURUSD remains in uptrend from 1.0851, the fall from 1.0991 is likely consolidation of the uptrend. Near term support is at 1.0925, as long as this level holds, the uptrend could be expected to continue, and next...

USDCAD Daily Analysis – October 31, 2016

by ForexCycle.com | October 31, 2016 1:34 am
USDCAD’s upward movement from 1.3005 extended to as high as 1.3433. Further rise could be expected in a couple of days, and next target would be at 1.3600 area. Support levels are at 1.3345 and 1.3276, as...

USDJPY Daily Analysis – October 31, 2016

by ForexCycle.com | October 31, 2016 1:34 am
USDJPY is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the fall from 105.53 could be treated as consolidation of the uptrend from 103.16, and further...

AUDUSD Daily Analysis – October 31, 2016

by ForexCycle.com | October 31, 2016 1:33 am
AUDUSD reached the bottom of the price channel on 4-hour chart. Further rebound would likely be seen, and the target would be at at top of the channel. Support is at 0.7557, only break below this level...

EURUSD Daily Analysis – October 31, 2016

by ForexCycle.com | October 31, 2016 1:33 am
EURUSD broke above the channel resistance, indicating that the downtrend from 1.1279 had completed at 1.0851 already. Further rally could be expected in a couple of days, and next target would be at 1.1050 area. Support levels...

USDJPY Daily Analysis – October 28, 2016

by ForexCycle.com | October 28, 2016 3:24 am
USDJPY’s upward movement from 103.16 extended to as high as 105.34. Near term support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to...

AUDUSD Daily Analysis – October 28, 2016

by ForexCycle.com | October 28, 2016 3:23 am
AUDUSD’s downward movement from 0.7734 extended to as low as 0.7579. Further decline could be expected in a couple of days, and the target would be at 0.7540 area.

EURUSD Daily Analysis – October 28, 2016

by ForexCycle.com | October 28, 2016 3:22 am
EURUSD is facing the resistance of the downward price channel on 4-hour chart. As long as the channel resistance holds, the downtrend from 1.1279 could be expected to continue, and further decline to 1.0700 area is still...

USDCAD Daily Analysis – October 27, 2016

by ForexCycle.com | October 27, 2016 4:01 am
USDCAD is facing 1.3397 resistance, a break of this level will signal resumption of the uptrend from 1.3005, then next target would be at 1.3600 area. Support is at 1.3276, only break below this level will indicate...

AUDUSD Daily Analysis – October 27, 2016

by ForexCycle.com | October 27, 2016 4:00 am
AUDUSD failed to break above 0.7734 resistance, indicating that the pair remains in downtrend from 0.7734. Deeper decline would likely be seen and the target would be at 0.7500 area.