USDCAD Daily Analysis – December 16, 2016

by ForexCycle.com | December 16, 2016 2:25 am
USDCAD is in uptrend from 1.3080, the fall from 1.3417 could be treated as consolidation of the uptrend. Support is at 1.3200, as long as this level holds, the uptrend will continue, and next target would be...

USDJPY Daily Analysis – December 16, 2016

by ForexCycle.com | December 16, 2016 2:24 am
USDJPY remains in uptrend from 101.18. As long as 114.73 support holds, the uptrend could be expected to continue, and next target would be at 120.00 area. Only break below 114.73 support could signal completion of the...

AUDUSD Daily Analysis – December 16, 2016

by ForexCycle.com | December 16, 2016 2:24 am
AUDUSD continued its downward movement from 0.7524 and the fall extended to as low as 0.7337. Further decline to test 0.7310 support is possible, a break below this level will signal resumption of the longer term downtrend...

GBPUSD Daily Analysis – December 16, 2016

by ForexCycle.com | December 16, 2016 2:23 am
GBPUSD’s downward movement from 1.2774 extended to as low as 1.2376. Further decline could be expected and next target would be at 1.2250 area. Resistance is at 1.2550, as long as this level holds, the downtrend will...

EURUSD Daily Analysis – December 16, 2016

by ForexCycle.com | December 16, 2016 2:23 am
EURUSD broke below 1.0462 (Mar 13, 2015 low) support, indicating that the long term downtrend from 1.3993 (May 8, 2014 high) has resumed. Further decline could be expected and next target would be at 1.0200 area. Resistance...

USDCAD Daily Analysis – December 15, 2016

by ForexCycle.com | December 15, 2016 3:12 am
USDCAD broke above the downward price channel on 4-hour chart, indicating that the downtrend from 1.3536 had competed at 1.3080 already. Further rally could be expected after a minor consolidation and next target would be at 1.3500...

USDJPY Daily Analysis – December 15, 2016

by ForexCycle.com | December 15, 2016 3:12 am
USDJPY’s upward movement from 101.18 extended to as high as 117.85. Key support is now at 114.73, as long as this level holds, the uptrend could be expected to continue, and next target would be at 120.00...

AUDUSD Daily Analysis – December 15, 2016

by ForexCycle.com | December 15, 2016 3:11 am
AUDUSD’s upward movement from 0.7310 had completed at 0.7524 already. The pair is now in downtrend, further decline to test 0.7310 support could be seen in a couple of days, a break below this level will signal...

GBPUSD Daily Analysis – December 15, 2016

by ForexCycle.com | December 15, 2016 3:11 am
GBPUSD broke below 1.2548 support, indicating that the uptrend from 1.2302 had completed at 1.2774 already. Deeper decline would likely be seen in a couple of days and next target would be at 1.2300 zone. Resistance is...

EURUSD Daily Analysis – December 15, 2016

by ForexCycle.com | December 15, 2016 3:10 am
EURUSD broke below 1.0505 support, indicating that the downtrend from 1.1299 has resumed. Further decline to test 1.0462 (Mar 13, 2015 low) support could be expected in a couple of days. Resistance is at 1.0669, only break...