AUDUSD Weekly Analysis – April 30, 2017

by ForexCycle.com | April 30, 2017 3:53 am
AUDUSD broke below 0.7472 support, indicating that the uptrend from 0.7158 had completed at 0.7749 already. Deeper decline could be expected over the next several weeks, and next target would be at 0.7300 area. Resistance is at...

GBPUSD Daily Analysis – April 28, 2017

by ForexCycle.com | April 28, 2017 3:13 am
GBPUSD broke above 1.2904 resistance, indicating that the uptrend from 1.2365 has resumed. Further rise could be expected in a couple of days, and next target would be at 1.3000 area. Key support is located at the...

EURUSD Daily Analysis – April 28, 2017

by ForexCycle.com | April 28, 2017 3:12 am
EURUSD moved sideways in a trading range between 1.0820 and 1.0950. As long as 1.0820 support holds, the sideways move could be treated as consolidation of the uptrend from 1.0569, and another rise to 1.1000 area could...

USDCAD Daily Analysis – April 26, 2017

by ForexCycle.com | April 26, 2017 2:22 am
USDCAD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.3223. As long as the pair is above the trend line, the uptrend could be expected to continue, and next target would...

USDCAD Daily Analysis – April 25, 2017

by ForexCycle.com | April 25, 2017 3:04 am
USDCAD moved above 1.3535 resistance and reached as high as 1.3560. Further rise is still possible and next target would be at 1.3600 area. Near term support is at the ascending trend line on 4-hour chart, as...

AUDUSD Daily Analysis – April 25, 2017

by ForexCycle.com | April 25, 2017 3:00 am
AUDUSD stays above the ascending trend line on 4-hour chart, and remains in uptrend from 0.7491. Further rise could be expected after a minor consolidation and next target would be at 0.7650 area. Support is located at...

GBPUSD Daily Analysis – April 25, 2017

by ForexCycle.com | April 25, 2017 2:59 am
No changed in our view, GBPUSD remains in uptrend, the pullback from 1.2904 could be treated as consolidation of the uptrend. Support is at 1.2700, as long as this level holds, the uptrend could be expected to...

EURUSD Daily Analysis – April 25, 2017

by ForexCycle.com | April 25, 2017 2:57 am
EURUSD remains in uptrend from 1.0569, the fall from 1.0918 is likely consolidation of the uptrend. Another rise could be expected after the consolidation and next target would be at 1.1000 area. Support is at 1.0775, as...