EURUSD Daily Analysis – August 31, 2016

by ForexCycle.com | August 31, 2016 5:34 am
EURUSD’s downward movement from 1.1366 extended to as low as 1.1132. Resistance is at 1.1210, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.1000 area. On...

USDCAD Daily Analysis – August 30, 2016

by ForexCycle.com | August 30, 2016 2:23 am
USDCAD is in uptrend from 1.2763. Further rise is still possible over the next several days, and next target would be at 1.3200 area. Support levels are at 1.2900 and 1.2830, only break below these levels could...

AUDUSD Daily Analysis – August 30, 2016

by ForexCycle.com | August 30, 2016 2:23 am
AUDUSD is in downtrend from 0.7755. Further decline could be expected in a couple of days, and next target would be at 0.7250 area. Resistance is located at the downward trend line on 4-hour chart, only a...

USDJPY Daily Analysis – August 29, 2016

by ForexCycle.com | August 29, 2016 11:37 am
USDJPY failed to break below 98.97 (Jun 24, 2016 low) support and rebounded strongly from 99.52, indicating that the downward movement from 107.48 had completed. Further rally could be expected in a couple of days, and next...

GBPUSD Daily Analysis – August 29, 2016

by ForexCycle.com | August 29, 2016 11:36 am
GBPUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.2865 had completed at 1.3278 already. Further decline could be expected in a couple of days and next target would be at...

EURUSD Daily Analysis – August 29, 2016

by ForexCycle.com | August 29, 2016 11:35 am
EURUSD is in downtrend from 1.1366. Further decline could be expected over the next several days, and next target would be at 1.1000 area. Resistance is at 1.2270, only break above this level could trigger another rise...

USDCAD Daily Analysis – April 13, 2015

by ForexCycle.com | April 13, 2015 2:59 am
USDCAD continued its sideways movement in a range between 1.2352 and 1.2835. The price action in the range is likely consolidation of the long term uptrend from 1.0619 (Jul 3, 2014 low). Another rise to test 1.2835...

USDJPY Daily Analysis – April 13, 2015

by ForexCycle.com | April 13, 2015 2:59 am
USDJPY is now in uptrend from 118.33. Further rise could be expected after a minor consolidation, and next target would be at 121.50 area. Support is at 119.50, only break below this level could trigger another fall...

AUDUSD Daily Analysis – April 13, 2015

by ForexCycle.com | April 13, 2015 2:58 am
AUDUSD’s bounce from 0.7532 extended to as high as 0.7738. As long as 0.7750 resistance holds, the bounce could be treated as consolidation of the downtrend from 0.7938, another fall to 0.7400 area could be expected after...

GBPUSD Daily Analysis – April 13, 2015

by ForexCycle.com | April 13, 2015 2:57 am
GBPUSD broke below 1.4634 support. Further decline could be expected, and next target would be at 1.4400 area. Resistance is at 1.4735, only break above this level will indicate that the downtrend from 1.4994 is complete, then...