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...

AUDUSD Daily Analysis – October 24, 2016

by ForexCycle.com | October 24, 2016 3:03 am
AUDUSD’s downward movement from 0.7734 extended to as low as 0.7587. Further decline could be expected after a minor consolidation, and next target would be at 0.7500 area. Resistance is at 0.7650, only break above this level...

GBPUSD Daily Analysis – October 24, 2016

by ForexCycle.com | October 24, 2016 3:02 am
GBPUSD stayed in the trading range between 1.1946 and 1.2477 for several days. As long as 1.2477 resistance holds, the price action in the trading range could be treated as consolidation of the downtrend from 1.3445 (Sept...

EURUSD Daily Analysis – October 24, 2016

by ForexCycle.com | October 24, 2016 3:02 am
EURUSD’s downward movement from 1.1279 extended to as low as 1.0859. Further decline could be expected after a minor consolidation, and next target would be at 1.0700 area. Near term resistance is at 1.0935, as long as...

USDCAD Daily Analysis – October 21, 2016

by ForexCycle.com | October 21, 2016 2:46 am
USDCAD’s rise from 1.3005 extended to as high as 1.3248. Further rise to test 1.3313 resistance could be expect after a minor consolidation. Support levels are at 1.3200 and 1.3160, as long as these levels hold, the...

AUDUSD Daily Analysis – October 21, 2016

by ForexCycle.com | October 21, 2016 2:45 am
AUDUSD broke below 0.7650 support, indicating that the uptrend from 0.7506 had completed at 0.7734 already. Further decline could be expected over the next several days, and next target would be at 0.7500 area. Resistance levels are...

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...