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Month: November 2017

GBPJPY Failed To Break Below 146.93 Support

Posted on November 29, 2017 by forexcycle

GBPJPY failed in its attempt to break below 146.93 support, and stayed in a trading range between 146.93 and 152.85. As long as 146.93 support holds, the price action in the range could be treated as consolidation of the uptrend from 135.59 and another rise could be expected after the…
Source: GBPJPY Failed To Break Below 146.93 Support

Posted in Forex AnalysisTagged Forex Analysis

USDCAD Daily Analysis – November 29, 2017

Posted on November 28, 2017 by forexcycle

USDCAD is facing 1.2836 resistance. A breakout of this level could trigger further upside movement towards 1.2916 previous high. Near term support is at 1.2750, a breakdown below this level could bring price back to test 1.2666 support. Below here could signal resumption of the downtrend from 1.2916, then next…
Source: USDCAD Daily Analysis – November 29, 2017

Posted in Forex AnalysisTagged Forex Analysis

USDJPY Daily Analysis – November 29, 2017

Posted on November 28, 2017 by forexcycle

USDJPY broke above the falling trend line on the 4-hour chart and is now facing 111.69 resistance. As long as this level holds, the sideways movement in a trading range between 110.84 and 111.69 could be treated as consolidation of the downtrend from 114.73, and further decline towards 109.50 is…
Source: USDJPY Daily Analysis – November 29, 2017

Posted in Forex AnalysisTagged Forex Analysis

AUDUSD Daily Analysis – November 29, 2017

Posted on November 28, 2017 by forexcycle

AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7897. Near term support is at 0.7580, a breakdown below this level could take price to next support level at 0.7532. Below this level could signal resumption of the downtrend, then next target…
Source: AUDUSD Daily Analysis – November 29, 2017

Posted in Forex AnalysisTagged Forex Analysis

GBPUSD Daily Analysis – November 29, 2017

Posted on November 28, 2017 by forexcycle

GBPUSD extended its upside movement from 1.3039 to as high as 1.3387. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected to continue and next target would be at 1.3420 area. Above this level could trigger further upside movement…
Source: GBPUSD Daily Analysis – November 29, 2017

Posted in Forex AnalysisTagged Forex Analysis

EURUSD Daily Analysis – November 29, 2017

Posted on November 28, 2017 by forexcycle

EURUSD’s fall from 1.1961 extended to as low as 1.1827. However, as long as the price is above the bullish trend line on the 4-hour chart, the fall could be treated as consolidation of the uptrend from 1.1554, and another rise towards 1.2092 (Sep 8 high) previous high is still…
Source: EURUSD Daily Analysis – November 29, 2017

Posted in Forex AnalysisTagged Forex Analysis

USDCAD Daily Analysis – November 28, 2017

Posted on November 27, 2017 by forexcycle

USDCAD failed to break below 1.2666 support and stayed in a trading range between 1.2666 and 1.2836. Further rise to test 1.2836 resistance would likely be seen. A breakout of this level could take price towards 1.2916 previous high. Near term support is at 1.2666, below this level will indicate…
Source: USDCAD Daily Analysis – November 28, 2017

Posted in Forex AnalysisTagged Forex Analysis

USDJPY Daily Analysis – November 28, 2017

Posted on November 27, 2017 by forexcycle

USDJPY extended its downside movement from 114.73 to as low as 110.84. Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 109.50 area. On…
Source: USDJPY Daily Analysis – November 28, 2017

Posted in Forex AnalysisTagged Forex Analysis

AUDUSD Daily Analysis – November 28, 2017

Posted on November 27, 2017 by forexcycle

AUDUSD failed to settle above the top trend line of the price channel on the 4-hour chart, indicating that the pair remains in the downtrend from 0.7897, the bounce from 0.7532 could be treated as consolidation of the downtrend. Near term support is at 0.7580, a breakdown below this level…
Source: AUDUSD Daily Analysis – November 28, 2017

Posted in Forex AnalysisTagged Forex Analysis

GBPUSD Daily Analysis – November 28, 2017

Posted on November 27, 2017 by forexcycle

GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3039. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.3420 area. A break of this level could trigger further bullish movement…
Source: GBPUSD Daily Analysis – November 28, 2017

Posted in Forex AnalysisTagged Forex Analysis

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