USDJPY Daily Analysis – January 20, 2020
USDJPY extended its upside movement from 107.65 to as high as 110.28. Key support is at 109.78, as long as this level holds, the upside movement could be expected to continue and next target would be at...
Author: ForexCycle.com
AUDUSD Daily Analysis – January 20, 2020
AUDUSD moved sideways in a trading range between 0.6848 and 0.6933. As long as 0.6933 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 0.7031, further decline to 0.6800...
GBPUSD Daily Analysis – January 20, 2020
After touching the top trend line of the price channel on the 4-hour chart, GBPUSD dropped sharply to 1.2995, suggesting that the pair remains in the downtrend from 1.3284. Further decline could be expected and next target...
EURUSD Daily Analysis – January 20, 2020
EURUSD broke below the rising price channel on the 4-hour chart and extended its downside movement from 1.1172 to as low as 1.1086, facing the support level at 1.1085. Further decline would likely be seen and next...
USDCAD Weekly Analysis – January 19, 2020
USDCAD remains in the downtrend from 1.3382, the bounce from 1.2951 is likely consolidation for the downtrend. Further decline is possible and next target would be at 1.2800 area. Near term resistance is at 1.3110, a break...
USDJPY Weekly Analysis – January 19, 2020
USDJPY extended its upside movement from 104.44 to as high as 110.28, breaking above 109.72 resistance. Further rise could be expected next week and next target would be at 111.50 area. Near term support is at 109.40,...
AUDUSD Weekly Analysis – January 19, 2020
AUDUSD is now in the downtrend from 0.7031, further decline would likely be seen and a breakdown below 0.6848 support could trigger further downside movement towards 0.6700. Near term resistance is at 0.6940, only break above this...
GBPUSD Weekly Analysis – January 19, 2020
GBPUSD is facing 1.2905 support, a breakdown below this level could signal resumption of the downtrend from 1.3514, then further decline to 1.2600 area could be seen. Near term resistance is at 1.3300, a break of this...
EURUSD Weekly Analysis – January 19, 2020
EURUSD is facing the key support level at 1.1066, a breakdown below would confirm that the upside movement from 1.0981 had completed at 1.1239 already, then another fall towards 1.0800 could be seen. On the upside, as...
USDCAD Daily Analysis – January 17, 2020
USDCAD is testing 1.3028 support, a breakdown below this level could signal resumption of the downtrend from 1.3104, then further decline towards 1.2950 could be seen. Near term resistance is at 1.3080, a break of this level...