GBPUSD Daily Analysis – September 14, 2016

by ForexCycle.com | September 14, 2016 1:56 am
GBPUSD broke below the bottom of the price channel on 4-hour chart, indicating that the uptrend from 1.2865 had completed at 1.3445 already. Resistance is located at the downward trend line. As long as the trend line...

EURUSD Daily Analysis – September 14, 2016

by ForexCycle.com | September 14, 2016 1:56 am
EURUSD broke below the bottom of the price channel on 4-hour chart, indicating that the uptrend from 1.1123 had completed at 1.1326 already. Further fall would likely be seen over the next several days, and next target...

USDCAD Daily Analysis – September 13, 2016

by ForexCycle.com | September 13, 2016 2:19 am
Being contained by 1.3147 resistance, USDCAD pulled back from 1.3123. However another rise to test 1.3147 resistance is still possible after a minor consolidation. Support is at 1.2980, only break below this level could bring price back...

USDJPY Daily Analysis – September 13, 2016

by ForexCycle.com | September 13, 2016 2:18 am
USDJPY is facing 101.20 support, a breakdown below this level will signal resumption of the downtrend from 104.31, then further decline to test 99.52 support could be seen. Resistance is now at 103.05, only break above this...

AUDUSD Daily Analysis – September 13, 2016

by ForexCycle.com | September 13, 2016 2:18 am
Being contained by 0.7489 support, AUDUSD rebounded from 0.7493. However another fall to re-test this support level is still possible after a minor consolidation, below this level will indicate that the uptrend from 0.7144 (May 24 low)...

GBPUSD Daily Analysis – September 13, 2016

by ForexCycle.com | September 13, 2016 2:17 am
Being contained by the support of the price channel on 4-hour chart, GBPUSD rebounded from 1.3235, indicating that the pair remains in uptrend from 1.2865. Another rise to test 1.3480 (Jul 15 high) resistance is possible in...

EURUSD Daily Analysis – September 13, 2016

by ForexCycle.com | September 13, 2016 2:16 am
EURUSD stays in the upward price channel on 4-hour chart, indicating that the pair remains in uptrend from 1.1123. As long as the channel support holds, the fall from 1.1326 could be treated as consolidation of the...

USDCAD Daily Analysis – September 12, 2016

by ForexCycle.com | September 12, 2016 2:09 am
USDCAD failed to break below 1.2763 support and rebounded strongly from 1.2822. Further rise to test 1.3147 resistance is possible in a couple of days. A break of this level will signal resumption of the uptrend from...

USDJPY Daily Analysis – September 12, 2016

by ForexCycle.com | September 12, 2016 2:09 am
USDJPY’s rise from 101.20 extended to as high as 103.05. Further rise to test 104.31 resistance is possible in a couple of days. A break of this level will signal resumption of the uptrend from 99.52, then...

AUDUSD Daily Analysis – September 12, 2016

by ForexCycle.com | September 12, 2016 2:08 am
AUDUSD failed to break above 0.7755 resistance and is now facing 0.7489 support. A breakdown below this level will indicate that the uptrend from 0.7144 (May 24 low) had completed at 0.7755 already, then next target would...