AUDUSD Daily Analysis – October 19, 2016

by ForexCycle.com | October 19, 2016 2:14 am
AUDUSD’s upward movement from 0.7506 extended to as high as 0.7690. Further rise is still possible after a minor consolidation, and next target would be at 0.7750 area. Support is at 0.7640, only break below this level...

GBPUSD Daily Analysis – October 19, 2016

by ForexCycle.com | October 19, 2016 2:13 am
GBPUSD continued its sideways movement in a range between 1.1946 and 1.2477. Resistance is at 1.2477, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.3445 (Sept 6...

EURUSD Daily Analysis – October 19, 2016

by ForexCycle.com | October 19, 2016 2:12 am
EURUSD moved sideways in a rang between 1.0963 and 1.1058. As long as 1.1058 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.1279, and further decline to 1.0900 area could be...

USDCAD Daily Analysis – October 17, 2016

by ForexCycle.com | October 17, 2016 2:40 am
Being contained by the support of the price channel on 4-hour chart, USDCAD rebounded from 1.3101, indicating that the pair remains in uptrend from 1.2822. Further rise could be expected in a couple of days, and the...

USDJPY Daily Analysis – October 17, 2016

by ForexCycle.com | October 17, 2016 2:39 am
USDJPY remains in uptrend from 100.08. Further rise could be expected and next target would be at 106.00 area. Support is at 102.81, only break below this level will indicate that the uptrend had completed at 104.63...

AUDUSD Daily Analysis – October 17, 2016

by ForexCycle.com | October 17, 2016 2:39 am
AUDUSD broke above the channel resistance, indicating that the downward movement from 0.7710 had completed at 0.7506 already. The pair is now in uptrend from 0.7506, the fall from 0.7647 would possibly be correction of the uptrend....

GBPUSD Daily Analysis – October 17, 2016

by ForexCycle.com | October 17, 2016 2:38 am
GBPUSD is forming a sideways consolidation in a range between 1.1946 and 1.2477. Another rise to test 1.2477 resistance would likely be seen, a break of this level will indicate that the downward movement from 1.3445 had...

EURUSD Daily Analysis – October 17, 2016

by ForexCycle.com | October 17, 2016 2:38 am
EURUSD’s downward movement from 1.1279 extended to as low as 1.0966. Resistance is now at 1.1058, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0900 area....

AUDUSD Daily Analysis – October 14, 2016

by ForexCycle.com | October 14, 2016 1:38 am
AUDUSD remains in downtrend from 0.7710, the rise from 0.7506 is likely consolidation of the downtrend. Resistance is located at the top of the price channel on 4-hour chart. As long as the channel resistance holds, the...

EURUSD Daily Analysis – October 14, 2016

by ForexCycle.com | October 14, 2016 1:37 am
EURUSD’s downward movement from 1.1279 extended to as low as 1.0985. Near term resistance is at 1.1080, as long as this level holds, the bounce from 1.0985 could be treated as consolidation of the downtrend. Further decline...