GBPUSD Daily Analysis – September 12, 2016

by ForexCycle.com | September 12, 2016 2:07 am
GBPUSD is facing the support of the price channel on 4-hour channel. As long as the channel support holds, the uptrend from 1.2865 could be expected to resume, and next target would be at 1.3700 area. However,...

EURUSD Daily Analysis – September 12, 2016

by ForexCycle.com | September 12, 2016 2:07 am
After touching that bottom of the price channel on 4-hour chart, EURUSD rebounded from 1.1198, indicating that the pair remains in uptrend from 1.1123, and the fall from 1.1326 would possibly be correction of the uptrend. Another...

USDCAD Daily Analysis – September 9, 2016

by ForexCycle.com | September 9, 2016 3:03 am
USDCAD remains in downtrend from 1.3147, the rise from 1.2822 could be treated as consolidation of the downtrend. Further decline to test 1.2763 support is still possible after consolidation. Resistance is at 1.2970, only break above this...

USDJPY Daily Analysis – September 9, 2016

by ForexCycle.com | September 9, 2016 3:03 am
USDJPY is in downtrend from 104.31. The rise from 101.20 is likely consolidation of the downtrend. Further decline is possible after consolidation, and next target would be at 100.00 area. Key support is at 99.52, a breakdown...

AUDUSD Daily Analysis – September 9, 2016

by ForexCycle.com | September 9, 2016 3:02 am
Being contained by 0.7755 resistance, AUDUSD pulled back from 0.7731. However, the fall would possibly be consolidation of the uptrend from 0.7489. Another rise is still possible after consolidation, and next target would be at 0.7800 area....

GBPUSD Daily Analysis – September 9, 2016

by ForexCycle.com | September 9, 2016 3:02 am
GBPUSD stays in a upward price channel on 4-hour chart, indicating that the pair remains in uptrend from 1.2865. Support is located at the bottom of the channel. As long as the channel support holds, the uptrend...

EURUSD Daily Analysis – September 9, 2016

by ForexCycle.com | September 9, 2016 3:01 am
EURUSD remains in uptrend from 1.1123, the fall from 1.1326 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 1.1400 area. Support is at 1.1225, only break...

GBPUSD Daily Analysis – September 8, 2016

by ForexCycle.com | September 8, 2016 10:56 am
Being contained by 1.3480 (Jul 15 high) resistance, GBPUSD pulled back from 1.3445. However, the fall would possibly be consolidation of the uptrend from 1.2865, another rise to test 1.3480 resistance is still possible after consolidation. Support...

EURUSD Daily Analysis – September 8, 2016

by ForexCycle.com | September 8, 2016 10:55 am
EURUSD’s upward movement from 1.1123 extended to as high as 1.1299. Further rise could be expected in a couple of days and next target would be at 1.1350 area. Support is at 1.1225, only break below this...

USDCAD Daily Analysis – September 7, 2016

by ForexCycle.com | September 7, 2016 6:02 am
USDCAD’s downward movement from 1.3147 extended to as low as 1.2826. Further decline to test 1.2763 support could be expected. Resistance is at 1.2925, only break above this level could signal completion of the downtrend.