AUDUSD Daily Analysis – December 6, 2016

by ForexCycle.com | December 6, 2016 2:12 am
AUDUSD is facing 0.7497 resistance, a break of this level will indicate that the uptrend from 0.7310 has resumed, then next target would be at 0.7600 area. On the downside, as long as 0.7497 resistance holds, another...

EURUSD Daily Analysis – December 6, 2016

by ForexCycle.com | December 6, 2016 2:12 am
EURUSD broke above 1.0689 resistance, indicating that the downtrend from 1.1299 is complete. Further rally could be expected in a couple of days, and next target would be at 1.0900 area. Support is at 1.0600, only break...

USDCAD Daily Analysis – December 5, 2016

by ForexCycle.com | December 5, 2016 3:48 am
USDCAD continued its downward movement from 1.3588 and the fall extended to as low as 1.3254. Deeper decline is still possible, and next target would be at 1.3100 area. Resistance is at 1.3390, only break above this...

GBPUSD Daily Analysis – December 5, 2016

by ForexCycle.com | December 5, 2016 3:48 am
GBPUSD broke above 1.2673 resistance and reached 1.2736. The uptrend from 1.2302 could be expected to continue, and next target would be at 1.2900 area. Support is at 1.2550, only break below this level could bring price...

EURUSD Daily Analysis – December 5, 2016

by ForexCycle.com | December 5, 2016 3:47 am
EURUSD broke below 1.0518 previous low support, indicating that the downtrend from 1.1299 has resumed. Further decline could be expected, and next target would be at 1.0300 area. Resistance levels are at 1.0689 and 1.0800, only break...

USDCAD Daily Analysis – December 1, 2016

by ForexCycle.com | December 1, 2016 2:43 am
USDCAD’s downward movement from 1.3588 extended to as low as 1.3356. Further decline is still possible, and next target would be at 1.3250 area. Resistance is at 1.3540, only break above this level could trigger another another...

USDJPY Daily Analysis – December 1, 2016

by ForexCycle.com | December 1, 2016 2:43 am
USDJPY broke above 113.89 resistance, indicating that the uptrend from 101.18 has resumed. Further rise could be expected, and next target would be at 118.00 area. Near term support is at 112.15, as long as this level...

AUDUSD Daily Analysis – December 1, 2016

by ForexCycle.com | December 1, 2016 2:42 am
AUDUSD’s upward movement from 0.7310 had completed at 0.7497 already. The subsequent fall is likely resumption of the downtrend from 0.7778. Further decline to test 0.7310 is possible in a couple of days, a breakdown below this...

GBPUSD Daily Analysis – December 1, 2016

by ForexCycle.com | December 1, 2016 2:41 am
GBPUSD’s upward movement from 1.2302 extended to as high as 1.2540. Further rise is still possible and next target would be at 1.2600 area. Support is at 1.2400, a breakdown below this level will signal completion of...

EURUSD Daily Analysis – December 1, 2016

by ForexCycle.com | December 1, 2016 2:41 am
EURUSD is in consolidation of the downtrend from 1.1299. Range trading between 1.0518 and 1.0800 would likely be seen in a couple of days. Resistance is at 1.0800, as long as this level holds, the downtrend could...