AUDUSD Daily Analysis – May 10, 2017

by ForexCycle.com | May 10, 2017 3:04 am
AUDUSD’s downward movement from 0.7555 extended to as low as 0.7328. Further decline is still possible and next target would be at 0.7280 area. Key resistance is at 0.7426, only a break above this level will indicate...

XAUUSD is facing trend line support

by ForexCycle.com | May 10, 2017 2:15 am
After touching the descending trend line on daily chart from 1375.11 (2016 high) to 1337.28, XAUUSD started a bearish movement from 1295.44. Now the fall extended to as low as 1214.19, facing the support of the rising...

Is EURUSD Under Pressure?

by ForexCycle.com | May 10, 2017 2:04 am
After the bullish movement that has ran for several months, EURUSD pair is now under pressure by the descending trend line on daily chart, from 1.1616 (2016 high) to 1.1299, now at 1.1000. There is also an...

AUDUSD Daily Analysis – May 9, 2017

by ForexCycle.com | May 9, 2017 3:57 am
After consolidation, AUDUSD continues its downward movement from 0.7555 and the fall extended to as low as 0.7354. Near term resistance is now at 0.7426, as long as this level holds, the downward movement could be expected...

AUDUSD Daily Analysis – May 8, 2017

by ForexCycle.com | May 8, 2017 3:08 am
AUDUSD is in downtrend from 0.7555, the rise from 0.7367 is likely consolidation of the downtrend. Range trading between 0.7367 and 0.7450 would likely be seen in a couple of days. Resistance is at 0.7450, only a...

USDCAD Weekly Analysis – May 6, 2017

by ForexCycle.com | May 6, 2017 3:28 am
USDCAD’s upward movement from 1.2968 extended to as high as 1.3793. Further rise could be expected and next target would be at 1.4000 area. Support is at 1.3570, only a breakdown below this level will indicate that...

AUDUSD Weekly Analysis – May 6, 2017

by ForexCycle.com | May 6, 2017 3:24 am
AUDUSD moved below a descending trend line on daily chart and remains in downtrend from 0.7749. As long as the pair is below the trend line, the downward movement could be expected to continue, and next target...

GBPUSD Weekly Analysis – May 6, 2017

by ForexCycle.com | May 6, 2017 3:21 am
GBPUSD’s upward movement from 1.2109 extended to as high as 1.2984. Near term support is at 1.2756, as long as this level holds, the upward move could be expected to continue and next target would be at...

EURUSD Weekly Analysis – May 6, 2017

by ForexCycle.com | May 6, 2017 3:17 am
EURUSD continued its bullish movement from 1.0340 and the rise extended to as high as 1.1000. Near term support is at 1.0800, as long as this level holds, the bullish movement could be expected to continue and...

AUDUSD Daily Analysis – May 4, 2017

by ForexCycle.com | May 4, 2017 1:55 am
AUDUSD’s downward movement from 0.7610 extended to as low as 0.7414. Further decline is still possible and next target would be at 0.7300 area. Near term resistance is at 0.7465 and the key resistance is located at...