USDCAD Daily Analysis – January 22, 2020

by ForexCycle.com | January 22, 2020 4:12 am
USDCAD broke above 1.3079 resistance, suggesting that the uptrend from 1.2951 has resumed. Further rise could be expected and next target would be at 1.3150 area. Key support is at 1.3028, a breakdown below this level could...

USDJPY Daily Analysis – January 22, 2020

by ForexCycle.com | January 22, 2020 4:11 am
USDJPY continued its sideways movement in a trading range between 109.78 and 110.28. The sideways movement is likely consolidation for the uptrend from 107.65, further rise to 110.80 is possible after the consolidation. Support is at 109.78,...

AUDUSD Daily Analysis – January 22, 2020

by ForexCycle.com | January 22, 2020 4:10 am
AUDUSD extended its downside movement from 0.6933 to as low as 0.6826, breaking below 0.6848 support. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected...

GBPUSD Daily Analysis – January 22, 2020

by ForexCycle.com | January 22, 2020 4:09 am
GBPUSD moved sideways in a trading range between 1.2954 and 1.3118. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target...

EURUSD Daily Analysis – January 22, 2020

by ForexCycle.com | January 22, 2020 4:08 am
EURUSD remains in the downtrend from 1.1172, further decline would likely be seen and a breakdown below 1.1076 support could take the price to 1.1040 area. Near term resistance is at 1.1118, a break of this level...

USDCAD Daily Analysis – January 21, 2020

by ForexCycle.com | January 21, 2020 3:29 am
USDCAD continued its sideways movement in a trading range between 1.3028 and 1.3079. The price action in the range is likely consolidation for the downtrend from 1.3104, further decline to 1.2950 area is possible after the consolidation....

USDJPY Daily Analysis – January 21, 2020

by ForexCycle.com | January 21, 2020 3:28 am
USDJPY moved sideways in a narrow rang between 109.78 and 110.28. As long as 109.78 support holds, the sideways movement could be treated as consolidation for the uptrend from 107.65, further rise to 110.80 area is possible...

AUDUSD Daily Analysis – January 21, 2020

by ForexCycle.com | January 21, 2020 3:27 am
AUDUSD is facing 0.6848 support, a breakdown below this level could signal resumption of the downtrend from 0.7031, then next target would be at 0.6800 area. Near term resistance is at 0.6890, above this level could trigger...

GBPUSD Daily Analysis – January 21, 2020

by ForexCycle.com | January 21, 2020 3:26 am
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3284. Further decline could be expected and next target would be at 1.2800 area. Key resistance is at 1.3118, only...

EURUSD Daily Analysis – January 21, 2020

by ForexCycle.com | January 21, 2020 3:25 am
EURUSD extended its downside movement from 1.1172 to as low as 1.1076, breaking below 1.1085 support. Further decline could be expected and next target would be at 1.1040 area. Near term resistance is at 1.1105, above this...