EURUSD Daily Analysis – October 21, 2016

by ForexCycle.com | October 21, 2016 2:44 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...

USDCAD Daily Analysis – October 20, 2016

by ForexCycle.com | October 20, 2016 2:33 am
USDCAD rebounded strongly from 1.3005, indicating that the downward movement from 1.3313 had completed. Further rally could be expected over the next several days, and next target would be at 1.3250 area. Support level are at 1.3070...

AUDUSD Daily Analysis – October 20, 2016

by ForexCycle.com | October 20, 2016 2:32 am
AUDUSD’s upward movement from 0.7506 extended to as high as 0.7734. Further rise is still possible after a minor consolidation, and next target would be at 0.7800 area. Support is at 0.7650, only break below this level...

EURUSD Daily Analysis – October 20, 2016

by ForexCycle.com | October 20, 2016 2:31 am
EURUSD’s downward movement from 1.1279 extended to as low as 1.0954. Further decline is still possible after a minor consolidation and next target would be at 1.0900 area. Resistance levels are at 1.1025 and 1.1058, only break...

USDCAD Daily Analysis – October 19, 2016

by ForexCycle.com | October 19, 2016 2:15 am
USDCAD is now in downtrend from 1.3313. Further decline could be expected over the next several days, and next target would be at 1.2900 area. Resistance is at 1.3183, as long as this level holds, the downtrend...

USDJPY Daily Analysis – October 19, 2016

by ForexCycle.com | October 19, 2016 2:14 am
USDJPY is forming a sideways consolidation in a rang between 102.81 and 104.63. As long as 102.81 support holds, the uptrend from 100.08 could be expected to resume, and further rise to 106.00 area is possible. On...

AUDUSD Daily Analysis – October 19, 2016

by ForexCycle.com | October 19, 2016 2:14 am
AUDUSD’s upward movement from 0.7506 extended to as high as 0.7690. Further rise is still possible after a minor consolidation, and next target would be at 0.7750 area. Support is at 0.7640, only break below this level...

GBPUSD Daily Analysis – October 19, 2016

by ForexCycle.com | October 19, 2016 2:13 am
GBPUSD continued its sideways movement in a range between 1.1946 and 1.2477. Resistance is at 1.2477, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.3445 (Sept 6...

EURUSD Daily Analysis – October 19, 2016

by ForexCycle.com | October 19, 2016 2:12 am
EURUSD moved sideways in a rang between 1.0963 and 1.1058. As long as 1.1058 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.1279, and further decline to 1.0900 area could be...

USDCAD Daily Analysis – October 17, 2016

by ForexCycle.com | October 17, 2016 2:40 am
Being contained by the support of the price channel on 4-hour chart, USDCAD rebounded from 1.3101, indicating that the pair remains in uptrend from 1.2822. Further rise could be expected in a couple of days, and the...