USDCAD Daily Analysis – September 5, 2017

by ForexCycle.com | September 5, 2017 2:22 am
USDCAD is now in downtrend from 1.2662. Range trading between 1.2339 and 1.2500 would likely be seen in a couple of days. Near term resistance is at 1.2500. As long as this level holds, the downside movement...

USDJPY Daily Analysis – September 5, 2017

by ForexCycle.com | September 5, 2017 2:21 am
USDJPY continued its sideways movement in a trading range between 108.26 and 110.94. The sideways movement is likely consolidation of the downtrend from 114.49 (Jul 11 high). As long as 110.94 resistance holds, another fall to test...

AUDUSD Daily Analysis – September 5, 2017

by ForexCycle.com | September 5, 2017 2:20 am
AUDUSD moved sideways in a trading range between 0.7866 and 0.7995. As long as 0.7866 support holds, the sideways move could be treated as consolidation of the uptrend from 0.7807, and further rise towards 0.8065 is still...

GBPUSD Daily Analysis – September 5, 2017

by ForexCycle.com | September 5, 2017 2:20 am
GBPUSD remains in the uptrend from 1.2774, the price action from 1.2978 is likely consolidation of the uptrend. Near term support is at 1.2852, as long as this level holds, the uptrend could be expected to resume...

EURUSD Daily Analysis – September 5, 2017

by ForexCycle.com | September 5, 2017 2:19 am
EURUSD moved sideways above the support level at 1.1823. As long as this level holds, the fall from 1.2070 could be treated as consolidation of the short term uptrend from 1.1662, and further rise towards 1.2165 is...

EURGBP Broke Below Channel Support

by ForexCycle.com | September 4, 2017 11:57 am
After touching the October 2016 high of 0.9305, EURGBP pulled back from 0.9306 and broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the upside movement from 0.8891 had...

USDCAD Is Facing Major Support Trend Line

by ForexCycle.com | September 4, 2017 8:33 am
After a sideways movement in a trading range between 1.2413 and 1.2778, USDCAD broke below 1.2413 previous low support and extended its downside movement from 1.3793 to as low as 1.2339. On the downside The USDCAD pair...

USDCAD Daily Analysis – September 4, 2017

by ForexCycle.com | September 4, 2017 3:04 am
USDCAD broke below 1.2413 support and reached as low as 1.2339. Further decline could be expected in the coming days, and next target would be at 1.2050 area. Near term resistance is at 1.2500, only break above...

USDJPY Daily Analysis – September 4, 2017

by ForexCycle.com | September 4, 2017 3:03 am
USDJPY failed to break above 110.94 resistance and stays in a trading range between 108.26 and 110.94. As long as 110.94 resistance holds, the price action in the trading range could be treated as consolidation of the...

AUDUSD Daily Analysis – September 4, 2017

by ForexCycle.com | September 4, 2017 3:02 am
AUDUSD is facing 0.7995 resistance, a break of this level could signal resumption of the uptrend from 0.7807, then next target would be at 0.8050 area. Key support is at 0.7866, only a breakdown below this level...