AUDUSD Daily Analysis – December 13, 2016

by ForexCycle.com | December 13, 2016 3:04 am
AUDUSD broke above 0.7508 resistance and continued its upward movement from 0.7369. Further rise could be expected and next target would be at 0.7600 area. Support level is at 0.7428, only break below this level could signal...

GBPUSD Daily Analysis – December 13, 2016

by ForexCycle.com | December 13, 2016 3:04 am
GBPUSD is facing 1.2700 resistance, a break of this level could signal resumption of the uptrend from 1.2302, then next target would be at 1.2900 area. Key support is now at 1.2548, a breakdown below this level...

EURUSD Daily Analysis – December 13, 2016

by ForexCycle.com | December 13, 2016 3:03 am
EURUSD failed to break below 1.0505 support and rebounded to 1.0650 area. However another fall to test 1.0505 support is still possible, a breakdown below this level will signal resumption of the downtrend from 1.1299, then next...

USDCAD Daily Analysis – December 12, 2016

by ForexCycle.com | December 12, 2016 2:07 am
USDCAD stays in the downward price channel on 4-hour chart and remains in downtrend from 1.3536. Further decline could be expected and next target would be at 1.3000 area. Resistance is located at the top of the...

USDJPY Daily Analysis – December 12, 2016

by ForexCycle.com | December 12, 2016 2:06 am
USDJPY broke above 114.82 resistance and continued its upward movement from 101.18. Further rise could be expected over the next several days, and next target would be at 117.00 area. Support is now at 112.83, only break...

AUDUSD Daily Analysis – December 12, 2016

by ForexCycle.com | December 12, 2016 2:05 am
AUDUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 0.7369 had completed at 0.7508 already. The pair is now in downtrend, further decline could be expected and next target would be...

GBPUSD Daily Analysis – December 12, 2016

by ForexCycle.com | December 12, 2016 2:05 am
GBPUSD broke below the bottom of the price channel on 4-hour chart, and is now in downtrend from 1.2774. Further decline would likely be seen in a couple of days, and next target would be at 1.2450...

EURUSD Daily Analysis – December 12, 2016

by ForexCycle.com | December 12, 2016 2:04 am
EURUSD is in downtrend from 1.0873. Further decline would likely be seen after a minor consolidation and next target would be at 1.0400 area. Resistance is at 1.0680, only break above this level could trigger another rise...

USDCAD Daily Analysis – December 9, 2016

by ForexCycle.com | December 9, 2016 2:43 am
USDCAD’s downward movement from 1.3588 extended to as low as 1.3183. Further decline is still possible after a minor consolidation, and next target would be at 1.3100 area. Resistance is at 1.3355, only break above this level...

USDJPY Daily Analysis – December 9, 2016

by ForexCycle.com | December 9, 2016 2:43 am
USDJPY remains in uptrend from 101.18, the fall from 114.82 is likely consolidation of the uptrend. Support levels are at 112.83 and 111.35, as long as these levels hold, the uptrend could be expected to resume, and...