GBPUSD Daily Analysis – May 2, 2017

by ForexCycle.com | May 2, 2017 3:38 am
GBPUSD is testing that support of the ascending price channel on 4-hour chart. As long as the channel support holds, the uptrend from 1.2756 could be expected to continue and further rise to 1.3100 area is possible....

EURUSD Daily Analysis – May 2, 2017

by ForexCycle.com | May 2, 2017 3:36 am
EURUSD is forming a sideways consolidation in a trading range between 1.0820 and 1.0950. As long as the pair is above 1.0820 support, the uptrend from 1.0569 could be expected to resume after the consolidation and next...

USDCAD Daily Analysis – May 1, 2017

by ForexCycle.com | May 1, 2017 3:14 am
USDCAD stays in a ascending price channel on 4-hour chart and remains in uptrend from 1.3223. As long as the pair is in the channel, the upward movement could be expected to continue, and next target would...

USDJPY Daily Analysis – May 1, 2017

by ForexCycle.com | May 1, 2017 3:13 am
USDJPY stays in a ascending price channel on 4-hour chart and remains in uptrend from 108.13. Further rise could be expected after consolidation and next target would be at 113.00 area. Support is located at the bottom...

AUDUSD Daily Analysis – May 1, 2017

by ForexCycle.com | May 1, 2017 3:11 am
AUDUSD remains in downtrend from 0.7610, the rise from 0.7439 is likely consolidation of the downtrend. Resistance is at 0.7540, as long as this level holds, the downward movement could be expected to continue, and next target...

GBPUSD Daily Analysis – May 1, 2017

by ForexCycle.com | May 1, 2017 3:09 am
GBPUSD’s upward movement from 1.2756 extended to as high as 1.2965. Support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the upward movement could be expected to...

EURUSD Daily Analysis – May 1, 2017

by ForexCycle.com | May 1, 2017 3:08 am
EURUSD continued its sideways movement in a range between 1.0820 and 1.0950. Support is at 1.0820. As long as this level holds, the price action in the range could be treated as consolidation of the uptrend from...

USDCAD Daily Analysis – April 28, 2017

by ForexCycle.com | April 28, 2017 3:16 am
USDCAD’s upward movement from 1.3223 extended to as high as 1.3670. Further rise is still possible in a couple of days and next target would be at 1.3800 area. Support is at the bottom of the price...

USDJPY Daily Analysis – April 28, 2017

by ForexCycle.com | April 28, 2017 3:15 am
USDJPY remains in uptrend from 108.13, the fall from 111.77 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...

AUDUSD Daily Analysis – April 28, 2017

by ForexCycle.com | April 28, 2017 3:14 am
AUDUSD’s downward movement from 0.7749 extended to as low as 0.7439. Further decline could be expected in a couple of days and next target would be at 0.7400 area. Resistance is at 0.7540, only break above this...