GBPUSD Daily Analysis – October 4, 2016

by ForexCycle.com | October 4, 2016 1:38 am
GBPUSD broke below 1.2865 (Aug 15 low) support, and is now facing 1.2795 (Jul 6 low) support. A breakdown below this level will indicate that the long term downtrend from 1.5016 (Jun 24 high) has resumed, then...

EURUSD Daily Analysis – October 4, 2016

by ForexCycle.com | October 4, 2016 1:38 am
EURUSD remains in short term downtrend from 1.1279. Another fall to test 1.1123 support is still possible, and a breakdown below this level will indicate that the longer term downtrend from 1.1366 (Aug 18 high) has resumed,...

USDCAD Daily Analysis – September 29, 2016

by ForexCycle.com | September 29, 2016 3:27 am
USDCAD broke below 1.3130 support, indicating that the uptrend from 1.3000 had completed at 1.3280 already. Deeper decline to test 1.3000 support is possible in a couple of days, a breakdown below this level will indicate that...

USDJPY Daily Analysis – September 29, 2016

by ForexCycle.com | September 29, 2016 3:27 am
USDJPY stays below the downward trend line on 4-hour chart. As long as the trend line resistance holds, the pair is in downtrend from 104.31, and the rise from 100.08 could be treated as consolidation of the...

AUDUSD Daily Analysis – September 29, 2016

by ForexCycle.com | September 29, 2016 3:26 am
AUDUSD continued its upward movement from 0.7441 and the rise extended to as high as 0.7710. Further rise to test 0.7731 resistance is possible. Key support is at 0.7602, only break below this level could signal completion...

GBPUSD Daily Analysis – September 29, 2016

by ForexCycle.com | September 29, 2016 3:26 am
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.3445 could be expected to continue, and further decline to test 1.2865 (Aug...

EURUSD Daily Analysis – September 29, 2016

by ForexCycle.com | September 29, 2016 3:25 am
EURUSD is now in short term downtrend from 1.1279. Deeper decline to test 1.1123 key support is possible, and a breakdown below this level will indicate that the longer term downtrend from 1.1366 (Aug 18 high) has...

AUDUSD Daily Analysis – September 28, 2016

by ForexCycle.com | September 28, 2016 4:18 am
AUDUSD’s upward movement from 0.7441 extended to as high as 0.7695. Key support is now at 0.7602, as long as this level holds, the uptrend could be expected to continue, and further rise to test 0.7731 resistance...

EURUSD Daily Analysis – September 28, 2016

by ForexCycle.com | September 28, 2016 4:17 am
EURUSD broke below 1.1200 support that we mentioned yesterday, indicating that the rebound from 1.1123 had completed at 1.1279 already. Another fall to retest 1.1123 support could be expected, a breakdown below this level will signal resumption...

USDCAD Daily Analysis – September 27, 2016

by ForexCycle.com | September 27, 2016 2:11 am
USDCAD continued its upward movement from 1.3000, and the rise extended to as high as 1.3275. Further rise is still possible in a couple of days, and next target would be at 1.3300 area. Support is at...