USDJPY Daily Analysis – February 22, 2017

by ForexCycle.com | February 22, 2017 3:36 am
USDJPY is forming a sideways consolidation in a range between 110.59 and 115.62. Another fall to test 111.59 support would likely be seen and a breakdown below this level will signal resumption of the downtrend from 118.66...

AUDUSD Daily Analysis – February 22, 2017

by ForexCycle.com | February 22, 2017 3:35 am
AUDUSD stays in a upward price channel on 4-hours chart. Near term support is located at the bottom of the channel. As long as the channel support holds, the uptrend from 0.7159 (Dec 26, 2016 low) could...

GBPUSD Daily Analysis – February 22, 2017

by ForexCycle.com | February 22, 2017 3:35 am
GBPUSD continued its sideways movement in a range between 1.2346 and 1.2582. As long as 1.2582 resistance holds, the sideways move could be treated as consolidation of the downtrend from 1.2706, and further decline to 1.2000 area...

EURUSD Daily Analysis – February 22, 2017

by ForexCycle.com | February 22, 2017 3:34 am
EURUSD is facing 1.0521 support, a breakdown below this level will indicate that the downtrend from 1.0828 has resumed, then next target would be at 1.0400 area. Near term resistance is at 1.0600, only break above this...

Buy GBP/AUD @ 1.62523 By Signal Factory

by Signal Factory | February 22, 2017 2:15 am
Buy GBP/AUD @ 1.62523 By Signal Factory | SL:1.62123 | TP:1.63323 | 2017.02.22 02:00 GMT Provided by signalfactory.com

USD/JPY Forecast February 21, 2017, Technical Analysis

by FX Empire | February 21, 2017 9:03 am
The USD/JPY pair rallied a bit during the day on Friday, but the markets were quiet in general. The 112.50 level looks to be the beginning of significant support, and if we can break above the top...

USD/CAD Forecast February 21, 2017, Technical Analysis

by FX Empire | February 21, 2017 9:02 am
The USD/CAD pair had a volatile session on Monday, as the 1.31 level offered enough resistance to keep the market fairly flat. This makes a lot of sense as US banks were closed for Presidents’ Day, so...

GBP/USD Forecast February 21, 2017, Technical Analysis

by FX Empire | February 21, 2017 9:01 am
The GBP/USD pair rallied on Monday, slamming towards the 1.25 resistance barrier. If we can break above the 1.2550 level, I think that the market will continue to reach towards the 1.27 level. Pullbacks continue to find...

EUR/USD Forecast February 21, 2017, Technical Analysis

by FX Empire | February 21, 2017 9:00 am
The EUR/USD pair rallied a bit during the day on Monday, but we remain relatively choppy in this area, so I believe that the 50-day exponential moving average could offer resistance, and push this market back towards...