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...

EURUSD Daily Analysis – April 13, 2015

by ForexCycle.com | April 13, 2015 2:57 am
EURUSD’s downward movement from 1.1052 extended to as low as 1.0567. Further decline to test 1.0462 support is possible, a breakdown below this level will confirm that the long term downtrend from 1.3993 (May 8, 2014 high)...

USDCAD Daily Analysis – April 8, 2015

by ForexCycle.com | April 8, 2015 2:52 am
USDCAD is facing 1.2410 support, a breakdown below this level will signal resumption of the downtrend from 1.2835, then next target would be at 1.2200 area. Resistance is at 1.2575, only break above this level could bring...

USDJPY Daily Analysis – April 8, 2015

by ForexCycle.com | April 8, 2015 2:52 am
USDJPY broke above 120.36 resistance, indicating that the downward movement from 122.02 had completed at 118.33 already. Further rise could be expected, and next target would be at 121.50 area. Support is at 119.50, only break below...