GBPUSD Daily Analysis – May 4, 2017

by ForexCycle.com | May 4, 2017 1:54 am
GBPUSD broke below 1.2864 support, indicating that the short term uptrend from 1.2756 had completed at 1.2965 already. Deeper decline could be seen in a couple of days, and next target would be at the bottom of...

EURUSD Daily Analysis – May 4, 2017

by ForexCycle.com | May 4, 2017 1:53 am
EURUSD failed to break out of 1.0950 resistance and continued its sideways movement in a trading range between 1.0820 and 1.0950. As long as the 1.0820 support holds, the sideways movement could be treated as consolidation of...

USDCAD Daily Analysis – May 3, 2017

by ForexCycle.com | May 3, 2017 12:38 am
USDCAD’s upward movement from 1.3223 extended to as high as 1.3757. As long as the pair is in the ascending price channel on 4-hour chart, the upward movement could be expected to continue, and next target would...

USDJPY Daily Analysis – May 3, 2017

by ForexCycle.com | May 3, 2017 12:36 am
USDJPY stays in a ascending price channel on 4-hour chart and remains in uptrend from 108.13. Near term support is at the bottom of the channel. As long as the channel support holds, the upward movement could...

AUDUSD Daily Analysis – May 3, 2017

by ForexCycle.com | May 3, 2017 12:35 am
AUDUSD is in short term uptrend from 0.7439. Further rise could be expected after a minor consolidation and the target would be at the top of the price channel on 4-hour chart. Support is at 0.7510, only...

GBPUSD Daily Analysis – May 3, 2017

by ForexCycle.com | May 3, 2017 12:33 am
GBPUSD remains in short term uptrend from 1.2756. Support is now at 1.2864, as long as this level holds, the uptrend could be expected to continue and next target would be at 1.3100 area. On the downside,...

EURUSD Daily Analysis – May 3, 2017

by ForexCycle.com | May 3, 2017 12:32 am
EURUSD is facing 1.0950 resistance again. A break of this level will indicate that the upward movement from 1.0569 has resumed, then next target would be at 1.1000 area. Support levels are at 1.0870 and 1.0820, only...

USDCAD Daily Analysis – May 2, 2017

by ForexCycle.com | May 2, 2017 3:42 am
USDCAD remains in uptrend from 1.3223, the fall from 1.3696 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart. As long as the pair is in...

USDJPY Daily Analysis – May 2, 2017

by ForexCycle.com | May 2, 2017 3:41 am
USDJPY’s upward movement from 108.13 extended to as high as 111.97. As long as the pair is in the ascending price channel on 4-hour chart, the upward movement could be expected to continue, and next target would...

AUDUSD Daily Analysis – May 2, 2017

by ForexCycle.com | May 2, 2017 3:40 am
AUDUSD moved above 0.7540 resistance, indicating that the downward movement from 0.7610 had completed at 0.7439 already. Further rise could be expected in a couple of days and next target would be at the top of the...