EURUSD Daily Analysis – September 26, 2016

by ForexCycle.com | September 26, 2016 4:09 am
EURUSD is forming a sideways consolidation in a range between 1.1123 and 1.1326. Support is at 1.1123, a breakdown below this level will signal resumption of the downtrend from 1.1366, then next target would be at 1.1000....

USDCAD Daily Analysis – September 23, 2016

by ForexCycle.com | September 23, 2016 3:45 am
USDCAD broke below 1.3100 support, indicating that the uptrend from 1.2822 had completed at 1.3248 already. Further decline could be expected over the next several days, and the target would be at 1.2800 area. Resistance is at...

USDJPY Daily Analysis – September 23, 2016

by ForexCycle.com | September 23, 2016 3:45 am
USDJPY broke below 101.20 support and reached as low as 100.09. Further decline to test 99.52 support is still possible. Resistance is at 102.00, only break above this level will indicate that the downward movement from 104.31...

AUDUSD Daily Analysis – September 23, 2016

by ForexCycle.com | September 23, 2016 3:44 am
AUDUSD continued its upward movement from 0.7441, and the rise extended to as high as 0.7674. Support is located at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the...

GBPUSD Daily Analysis – September 23, 2016

by ForexCycle.com | September 23, 2016 3:43 am
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.3445 could be expected to resume, and further decline to test 1.2865 support...

EURUSD Daily Analysis – September 23, 2016

by ForexCycle.com | September 23, 2016 3:43 am
EURUSD failed to break below 1.1123 support. Sideways movement in a range between 1.1123 and 1.1326 would likely be seen over the next several days. Support is at 1.1123, a breakdown below this level will signal resumption...

USDJPY Daily Analysis – September 21, 2016

by ForexCycle.com | September 21, 2016 7:23 am
After touching 101.20 support, USDJPY rebounded strongly from 101.00. Further rise to test 104.31 resistance could be expected over the next several days, a break of this level will signal resumption of the uptrend from 99.52, then...

AUDUSD Daily Analysis – September 21, 2016

by ForexCycle.com | September 21, 2016 7:23 am
AUDUSD’s upward movement from 0.7441 extended to as high as 0.7581. Further rise could be expected in a couple of days, and next target would be at 0.7650 area. Support level is at 0.7490, only break below...

GBPUSD Daily Analysis – September 21, 2016

by ForexCycle.com | September 21, 2016 7:22 am
GBPUSD’s downward movement from 1.3445 extended to as low as 1.2946. Near term resistance is at 1.3100, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.2800...

EURUSD Daily Analysis – September 21, 2016

by ForexCycle.com | September 21, 2016 7:21 am
EURUSD is testing 1.1123 support, a breakdown below this level will confirm that the downtrend from 1.1366 has resumed, then next target would be at 1.1000 area. Near term resistance is at the downward trend line on...