USDJPY Daily Analysis – January 10, 2020

by ForexCycle.com | January 10, 2020 12:19 am
USDJPY extended its upside movement from 107.65 to as high as 109.58, facing the resistance level at 109.70. Near term support is at 109.30, as long as this level holds, the upside movement could be expected to...

AUDUSD Daily Analysis – January 10, 2020

by ForexCycle.com | January 10, 2020 12:18 am
AUDUSD stays below the falling trend line on the 4-hour chart and remains in the downtrend from 0.7031. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

GBPUSD Daily Analysis – January 10, 2020

by ForexCycle.com | January 10, 2020 12:18 am
GBPUSD broke below 1.3053 support, suggesting that the upside movement from 1.2905 had completed at 1.3284 already. Further decline could be expected and next target would be at 1.2900 area. Resistance is located at the falling trend...

EURUSD Daily Analysis – January 10, 2020

by ForexCycle.com | January 10, 2020 12:17 am
EURUSD extended its downside movement from 1.1239 to as low as 1.1092. 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...

USDCAD Daily Analysis – January 9, 2020

by ForexCycle.com | January 9, 2020 3:15 am
USDCAD is in consolidation for the downtrend from 1.3327. Further rally is still possible and the target would be at the bearish trend line on the 4-hour chart. However, as long as the trend line resistance holds,...

USDJPY Daily Analysis – January 9, 2020

by ForexCycle.com | January 9, 2020 3:14 am
USDJPY broke above 108.86 resistance, suggesting that the downtrend from 109.70 had completed at 107.65 already. Further rise could be expected after a minor consolidation and next target would be at 109.50 area. Near term support is...

AUDUSD Daily Analysis – January 9, 2020

by ForexCycle.com | January 9, 2020 3:14 am
AUDUSD extended its downside movement from 0.7031 to as low as 0.6848. 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...

GBPUSD Daily Analysis – January 9, 2020

by ForexCycle.com | January 9, 2020 3:13 am
GBPUSD continued its sideways movement in a trading range between 1.3053 and 1.3284. The sideways move is likely consolidation for the uptrend from 1.2905, further rise to 1.3400 area is possible after the consolidation. Near term support...

EURUSD Daily Analysis – January 9, 2020

by ForexCycle.com | January 9, 2020 3:12 am
EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.0981 had completed at 1.1239 already. Further decline could be expected and next target would be at 1.1060 area. Near...

USDCAD Daily Analysis – January 8, 2020

by ForexCycle.com | January 7, 2020 10:20 pm
USDCAD broke above 1.3007 resistance, suggesting that lengthier consolidation for the downtrend from 1.3327 is underway. Further rally is possible in a couple of days and the target would be at the bearish trend line on the...