USDCAD Daily Analysis – November 21, 2017

by ForexCycle.com | November 21, 2017 2:54 am
USDCAD is facing 1.2819 resistance once again. A breakout of this level could take price towards 1.2916 previous high. Near term support is at the rising trend line on the 4-hour chart. Only a clear break below...

USDJPY Daily Analysis – November 21, 2017

by ForexCycle.com | November 21, 2017 2:53 am
USDJPY failed in its attempt to break below 111.65 support and rebounded from 111.88. However, as long as the price is below the bearish trend line on the 4-hour chart, another fall to test 111.65 support is...

AUDUSD Daily Analysis – November 21, 2017

by ForexCycle.com | November 21, 2017 2:52 am
AUDUSD extended its downside movement from 0.7729 to as low as 0.7532. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next...

GBPUSD Daily Analysis – November 21, 2017

by ForexCycle.com | November 21, 2017 2:52 am
GBPUSD’s upside movement from 1.3039 extended to as high as 1.3279. Further rise to test 1.3337 key resistance is still possible in the coming days. As long as this level holds, the sideways movement in a range...

EURUSD Daily Analysis – November 21, 2017

by ForexCycle.com | November 21, 2017 2:51 am
EURUSD is in short term downtrend from 1.1860. Deeper decline towards the resistance-turned-support level at 1.1690 would likely be seen. A breakdown below this level could take price towards 1.1554. Below here could signal resumption of the...

USDCAD Daily Analysis – November 20, 2017

by ForexCycle.com | November 20, 2017 4:38 am
USDCAD stays above a rising trend line on the 4-hour chart and remains in the short term uptrend from 1.2666. As long as the price is above the trend line, the upside movement could be expected to...

USDJPY Daily Analysis – November 20, 2017

by ForexCycle.com | November 20, 2017 4:38 am
USDJPY extended its downside movement from 114.73 to as low as 111.88, facing a key support level at 111.65. A breakdown this level could trigger further downside movement to next support level at 111.00. Near term resistance...

AUDUSD Daily Analysis – November 20, 2017

by ForexCycle.com | November 20, 2017 4:37 am
AUDUSD’s downside movement from 0.7729 extended to as low as 0.7535. Near term resistance is at the falling trend line on the 4-hour chart. As long as the price is below the trend line, the downside movement...

GBPUSD Daily Analysis – November 20, 2017

by ForexCycle.com | November 20, 2017 4:36 am
GBPUSD continued its sideways movement in a trading range between 1.3027 and 1.3337. Another rise to test 1.3337 resistance would likely be seen. As long as this level holds, the price action in the trading range could...

EURUSD Daily Analysis – November 20, 2017

by ForexCycle.com | November 20, 2017 4:35 am
EURUSD extended its pullback from 1.1860 to as low as 1.1722, breaking below 1.1740 support. Deeper decline to the resistance-turned-support level at 1.1690 is still possible after a minor consolidation. Breakthrough there could trigger further bearish move...