USDCAD Weekly Analysis – April 21, 2019

by ForexCycle.com | April 21, 2019 12:29 am
USDCAD moved sideways in a trading range between 1.3250 and 1.3467 for several weeks. Support is at 1.3250, a breakdown below this level could take the price to 1.3000 area. Resistance is at 1.3467, a breakout of...

USDJPY Weekly Analysis – April 21, 2019

by ForexCycle.com | April 21, 2019 12:28 am
USDJPY break above 112.13 resistance, suggesting that the uptrend from 105.05 has resumed. Further rise could be expected in a couple of weeks and next target would be at 114.00 area. Support is located at the rising...

AUDUSD Weekly Analysis – April 21, 2019

by ForexCycle.com | April 21, 2019 12:28 am
AUDUSD’s upside movement from 0.7003 extended to as high as 0.7205. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target...

GBPUSD Weekly Analysis – April 21, 2019

by ForexCycle.com | April 21, 2019 12:27 am
GBPUSD remains in the uptrend from 1.2396, as long as 1.2960 support holds, the pullback from 1.3381 could be treated as consolidation for the uptrend. Key resistance is at 1.3132, a break of this level could trigger...

EURUSD Weekly Analysis – April 21, 2019

by ForexCycle.com | April 21, 2019 12:26 am
EURUSD moved sideways in a trading range between 1.1176 and 1.1448 for several weeks. As long as 1.1448 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.2555 (Feb...

USDCAD Daily Analysis – April 19, 2019

by ForexCycle.com | April 19, 2019 2:24 am
USDCAD is facing 1.3402 resistance again, a break of this level could trigger further upside movement towards 1.3450. Near term support is at 1.3350, a breakdown below this level could bring the price back towards 1.3300.

USDJPY Daily Analysis – April 19, 2019

by ForexCycle.com | April 19, 2019 2:23 am
USDJPY remains in the uptrend from 110.84, the sideways movement in the trading range between 111.76 and 112.16 could be treated as consolidation for the uptrend. A break of 112.16 resistance would indicate that the uptrend has...

AUDUSD Daily Analysis – April 19, 2019

by ForexCycle.com | April 19, 2019 2:22 am
AUDUSD broke below the bottom support trend line on the rising price channel on the 4-hour chart. Deeper decline could be expected in the coming days and next target would be at 0.7050 area. Resistance is at...

GBPUSD Daily Analysis – April 19, 2019

by ForexCycle.com | April 19, 2019 2:22 am
GBPUSD is facing 1.2960 support once again. A breakdown below this level could trigger further downside movement towards 1.2800. Near term resistance is at 1.3030, a break of this level could take the price back to 1.3080...

EURUSD Daily Analysis – April 19, 2019

by ForexCycle.com | April 19, 2019 2:21 am
EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.1183 had completed at 1.1323 already. Deeper decline could be expected after a minor consolidation and next target would be...