EURUSD Daily Analysis – March 30, 2017

by ForexCycle.com | March 30, 2017 12:52 am
EURUSD broke below 1.0760 support, indicating that the uptrend from 1.0494 had completed at 1.0905 already. The pair is now in downtrend, further decline could be expected in a couple of days, and next target would be...

USDCAD Daily Analysis – March 29, 2017

by ForexCycle.com | March 29, 2017 3:40 am
USDCAD broke above 1.3409 resistance, indicating that the downtrend from 1.3535 had completed at 1.3264 already. Further rise could be expected in a couple of days and next target would be at 1.3500 area.

USDJPY Daily Analysis – March 29, 2017

by ForexCycle.com | March 29, 2017 3:39 am
USDJPY broke above the channel resistance and is now facing 111.57 key resistance. A break of this level will indicate that the downtrend from 115.50 had completed at 110.11 already, then the following upward movement could bring...

AUDUSD Daily Analysis – March 29, 2017

by ForexCycle.com | March 29, 2017 3:38 am
AUDUSD broke above 0.7648 resistance, indicating that the downward movement from 0.7749 had completed at 0.7587 already. Further rise could be expected in a couple of days and next target would be at 0.7700 area. Support level...

GBPUSD Daily Analysis – March 29, 2017

by ForexCycle.com | March 29, 2017 3:38 am
GBPUSD moved below 1.2469 support, indicating that the uptrend from 1.2109 had completed at 1.2615 already. The pair is now in downtrend. Further decline could be expected after correction and next target would be at 1.2200 area.

EURUSD Daily Analysis – March 29, 2017

by ForexCycle.com | March 29, 2017 3:36 am
EURUSD stays in the ascending price channel on 4-hours chart and remains in uptrend from 1.0494. As long as the pair is in the channel, the fall from 1.0905 could be treated as consolidation of the uptrend...

USDCAD Daily Analysis – March 28, 2017

by ForexCycle.com | March 28, 2017 3:43 am
USDCAD is facing 1.3409 resistance, a break of this level will confirm that the downtrend from 1.3535 had completed at 1.3264 already, then the following upward movement could bring price to 1.3600 area. On the other side,...

USDJPY Daily Analysis – March 28, 2017

by ForexCycle.com | March 28, 2017 3:42 am
USDJPY’s downward movement from 115.50 extended to as low as 110.11. Deeper decline it still possible and next target would be at 109.00 area. Near term resistance is at the top of the price channel on 4-hours...

AUDUSD Daily Analysis – March 28, 2017

by ForexCycle.com | March 28, 2017 3:41 am
AUDUSD stays in the descending price channel on 4-hours chart and remains in downtrend from 0.7749. Further decline is still possible after a minor consolidation, and next target would be at 0.7550 area. Resistance is at 0.7648,...

GBPUSD Daily Analysis – March 28, 2017

by ForexCycle.com | March 28, 2017 3:41 am
GBPUSD continued its upward movement from 1.2109 and the rise extended to as high as 1.2615. Near term support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds,...