USDJPY Daily Analysis – September 27, 2016

by ForexCycle.com | September 27, 2016 2:10 am
USDJPY’s downward movement from 104.31 extended to as low as 100.08. Further decline to test 99.52 (Aug 16 low) support is possible after a minor consolidation. Resistance is at 101.30, only break above this level could bring...

AUDUSD Daily Analysis – September 27, 2016

by ForexCycle.com | September 27, 2016 2:10 am
AUDUSD broke below the bottom of the price channel on 4-hour chart, implying that the uptrend from 0.7441 had completed at 0.7674 already. Key support is at 0.7602, a breakdown below this level will confirm the completion...

GBPUSD Daily Analysis – September 27, 2016

by ForexCycle.com | September 27, 2016 2:09 am
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3445. As long as the trend line resistance holds, further decline to test 1.2865 (Aug 15 low) support is possible. On the...

EURUSD Daily Analysis – September 27, 2016

by ForexCycle.com | September 27, 2016 2:09 am
EURUSD’s bounce from 1.1123 extended to as high as 1.1279. Further rise to test 1.1326 resistance is possible after a minor consolidation. Near term support is at 1.1200, a breakdown below this level could bring price back...

USDCAD Daily Analysis – September 26, 2016

by ForexCycle.com | September 26, 2016 4:11 am
USDCAD broke above 1.3150 resistance, indicating that the pair is now in uptrend from 1.3000. Further rise to test 1.3248 resistance could be expected after a minor consolidation. Support level is at 1.3090, as long as this...

USDJPY Daily Analysis – September 26, 2016

by ForexCycle.com | September 26, 2016 4:11 am
Being contained by 99.52 support, USDJPY rebounded from 100.09. Further rally would likely be seen over the next several days, and next target would be at 103.00 area. Support is at 100.09, only break below this level...

AUDUSD Daily Analysis – September 26, 2016

by ForexCycle.com | September 26, 2016 4:10 am
AUDUSD is testing the support of the price channel on 4-hour chart. A clear break below the channel support will indicate that the upward movement from 0.7441 had completed at 0.7674 already, then the following downward movement...

GBPUSD Daily Analysis – September 26, 2016

by ForexCycle.com | September 26, 2016 4:10 am
GBPUSD’s downward movement from 1.3445 extended to as low as 1.2914. Further decline to test 1.2865 support is possible in a couple of days. Resistance is located at the downward trend line on 4-hour chart, only a...

EURUSD Daily Analysis – September 26, 2016

by ForexCycle.com | September 26, 2016 4:09 am
EURUSD is forming a sideways consolidation in a range between 1.1123 and 1.1326. Support is at 1.1123, a breakdown below this level will signal resumption of the downtrend from 1.1366, then next target would be at 1.1000....

USDCAD Daily Analysis – September 23, 2016

by ForexCycle.com | September 23, 2016 3:45 am
USDCAD broke below 1.3100 support, indicating that the uptrend from 1.2822 had completed at 1.3248 already. Further decline could be expected over the next several days, and the target would be at 1.2800 area. Resistance is at...