EURUSD Daily Analysis – November 25, 2016

by ForexCycle.com | November 25, 2016 2:45 am
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.1299. Further decline to test 1.0462 (Mar 13, 2015 low) support would likely be seen in a couple of days. Near term...

USDJPY Daily Analysis – November 24, 2016

by ForexCycle.com | November 24, 2016 3:29 am
USDJPY’s upward movement from 101.18 extended to as high as 112.97. Further rise could be expected after a minor consolidation, and next target would be at 115.00 area. Support is at 110.00, as long as this level...

AUDUSD Daily Analysis – November 24, 2016

by ForexCycle.com | November 24, 2016 3:29 am
AUDUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 0.7778. As long as the channel resistance holds, the downtrend will be expected to continue, and next target would be at 0.7200...

GBPUSD Daily Analysis – November 24, 2016

by ForexCycle.com | November 24, 2016 3:28 am
GBPUSD is now in uptrend from 1.2302. Further rise to test 1.2673 resistance would likely be seen in a couple of days, a break of this level will confirm that the longer term uptrend from 1.1946 (Oct...

EURUSD Daily Analysis – November 24, 2016

by ForexCycle.com | November 24, 2016 3:28 am
EURUSD remains in downtrend from 1.1299, and the fall extended to as low as 1.0526. As long as the downward trend line resistance holds, the downtrend could be expected to continue, and further decline to test 1.0462...

USDCAD Daily Analysis – November 22, 2016

by ForexCycle.com | November 22, 2016 2:37 am
USDCAD’s downward movement from 1.3588 extended to as low as 1.3386. Further decline could be expected in a couple of days, and next target would be at 1.3250 area.

USDJPY Daily Analysis – November 22, 2016

by ForexCycle.com | November 22, 2016 2:36 am
USDJPY remains in uptrend from 101.18, the fall from 111.36 is likely consolidation of the uptrend. Key support is at 108.50, as long as this level holds, the uptrend could be expected to continue, and next target...

AUDUSD Daily Analysis – November 22, 2016

by ForexCycle.com | November 22, 2016 2:36 am
AUDUSD remains in downtrend from 0.7778, the rise from 0.7310 is likely consolidation of the downtrend. Range trading between 0.7310 and 0.7460 is possible in a couple of days. Resistance is located at the top of the...

GBPUSD Daily Analysis – November 22, 2016

by ForexCycle.com | November 22, 2016 2:35 am
GBPUSD’s downward movement from 1.2673 had completed at 1.2302 already. Further rise to test 1.2673 resistance is possible in a couple of days, a break of this level will confirm that the uptrend from 1.1946 (Oct 7...

EURUSD Daily Analysis – November 22, 2016

by ForexCycle.com | November 22, 2016 2:35 am
EURUSD is facing the resistance of the downward trend line on 4-hour chart. A clear break above the trend line resistance will indicate that the downtrend from 1.1299 had completed at 1.0569 already, then further rally to...