USDJPY Daily Analysis – November 3, 2016

by ForexCycle.com | November 3, 2016 3:04 am
USDJPY broke below 103.16 support, indicating that the upward movement from 100.08 (Sep 27 low) had completed at 105.53 already. Deeper decline could be expected after a minor consolidation, and next target would be at 101.00 area....

AUDUSD Daily Analysis – November 3, 2016

by ForexCycle.com | November 3, 2016 3:03 am
AUDUSD is facing 0.7688 resistance, a break of this level will indicate that the downtrend from 0.7734 had completed at 0.7557 already, then the following upward movement could bring price to 0.7800 zone. Support level is at...

EURUSD Daily Analysis – November 3, 2016

by ForexCycle.com | November 3, 2016 3:02 am
EURUSD remains in uptrend from 1.0851. Further rise is still possible after a minor consolidation and next target would be at 1.1200 area. Support is at 1.1030, only break below this level could signal completion of the...

USDJPY Daily Analysis – November 2, 2016

by ForexCycle.com | November 2, 2016 3:42 am
USDJPY broke below the upward trend line on 4-hour chart, indicating that the uptrend from 103.16 had completed at 105.53 already. Deeper decline to test 103.16 support could be expected, a breakdown below this level will signal...

AUDUSD Daily Analysis – November 2, 2016

by ForexCycle.com | November 2, 2016 3:41 am
After touching the top of the price channel on 4-hour chart, AUDUSD pulled back from 0.7688, indicating that the pair remains in downtrend from 0.7734. Deeper decline would likely be seen and next target would be at...

EURUSD Daily Analysis – November 2, 2016

by ForexCycle.com | November 2, 2016 3:39 am
EURUSD’s upward movement from 1.0851 extended to as high as 1.1069. Support is now at 1.1000, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1200 area.

USDJPY Daily Analysis – November 1, 2016

by ForexCycle.com | November 1, 2016 2:25 am
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 103.16. As long as the trend line support holds, the fall from 105.53 could be treated as consolidation of the uptrend. Further...

AUDUSD Daily Analysis – November 1, 2016

by ForexCycle.com | November 1, 2016 2:24 am
AUDUSD rebounded from the bottom of the price channel on 4-hour chart. Further rise would likely be seen in a couple of days, and the target would be at the top of the price channel. Support is...

GBPUSD Daily Analysis – November 1, 2016

by ForexCycle.com | November 1, 2016 2:23 am
GBPUSD moved sideways in a narrow range between 1.2082 and 1.2332 for several weeks. The sideways movement is likely consolidation of the downtrend from 1.3445 (Sept 6 high). As long as the downward trend line resistance holds,...

EURUSD Daily Analysis – November 1, 2016

by ForexCycle.com | November 1, 2016 2:22 am
EURUSD remains in uptrend from 1.0851, the fall from 1.0991 is likely consolidation of the uptrend. Near term support is at 1.0925, as long as this level holds, the uptrend could be expected to continue, and next...