USDJPY Daily Analysis – May 9, 2017

by ForexCycle.com | May 9, 2017 3:58 am
USDJPY failed to break below the support of the price channel on 4-hour chart and continued its upward movement from 108.13. As long as the pair remains in the channel, the upward movement could be expected to...

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...

GBPUSD Daily Analysis – May 9, 2017

by ForexCycle.com | May 9, 2017 3:56 am
GBPUSD remains in uptrend from 1.2365. As long as the pair is in the ascending price channel on 4-hour chart, the uptrend could be expected to continue, and next target would be at 1.3100 area. Key support...

EURUSD Daily Analysis – May 9, 2017

by ForexCycle.com | May 9, 2017 3:55 am
EURUSD remains in uptrend from 1.0569, the fall from 1.1021 would possibly be consolidation of the uptrend. Support is at 1.0874, as long as this level holds, the uptrend could be expected to continue and next target...

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by ForexCycle.com | May 8, 2017 11:30 pm
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NZDUSD Elliott Wave View: Extended Correction

by elliottwave-forecast.com | May 8, 2017 9:15 am
Revised Elliott Wave view in NZDUSD suggests the decline from 3/21 high (0.709) is unfolding as a leading diagonal Elliott Wave structure where Minute wave ((i)) ended at 0.6905, Minute wave ((ii)) ended at 0.7053, Minute wave ((iii)) ended at...

USDCAD Channel Support (May 08, 2017)

by Kate Curtis | May 8, 2017 4:35 am
USDCAD has been trading inside an ascending channel on its long-term time frames and is currently testing resistance. If this holds, price could make a correction to support and the nearby Fib levels. In particular, the 61.8%...

USDCAD Daily Analysis – May 8, 2017

by ForexCycle.com | May 8, 2017 3:10 am
USDCAD broke out of the bottom of the ascending price channel on 4-hour chart, indicating that the bullish movement from 1.3223 had completed at 1.3793 already. Further decline could be expected over the next several days and...

USDJPY Daily Analysis – May 8, 2017

by ForexCycle.com | May 8, 2017 3:09 am
USDJPY stays in a rising price channel on 4-hour chart and remains in uptrend from 108.13. As long as the pair is in the channel, the uptrend could be expected to continue and next target would be...

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...