AUDUSD Daily Analysis – December 1, 2016

by ForexCycle.com | December 1, 2016 2:42 am
AUDUSD’s upward movement from 0.7310 had completed at 0.7497 already. The subsequent fall is likely resumption of the downtrend from 0.7778. Further decline to test 0.7310 is possible in a couple of days, a breakdown below this...

GBPUSD Daily Analysis – December 1, 2016

by ForexCycle.com | December 1, 2016 2:41 am
GBPUSD’s upward movement from 1.2302 extended to as high as 1.2540. Further rise is still possible and next target would be at 1.2600 area. Support is at 1.2400, a breakdown below this level will signal completion of...

EURUSD Daily Analysis – December 1, 2016

by ForexCycle.com | December 1, 2016 2:41 am
EURUSD is in consolidation of the downtrend from 1.1299. Range trading between 1.0518 and 1.0800 would likely be seen in a couple of days. Resistance is at 1.0800, as long as this level holds, the downtrend could...