USDJPY Daily Analysis – January 8, 2020

by ForexCycle.com | January 7, 2020 10:19 pm
USDJPY is in consolidation for the downtrend from 109.70. Sideways movement in a trading range between 107.77 and 108.86 would likely be seen in a couple of days. As long as 108.86 resistance holds, the downtrend could...

AUDUSD Daily Analysis – January 8, 2020

by ForexCycle.com | January 7, 2020 10:18 pm
AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.6754 had completed at 0.7031 already. Further decline is still possible after a minor consolidation and next target would be...

GBPUSD Daily Analysis – January 8, 2020

by ForexCycle.com | January 7, 2020 10:18 pm
GBPUSD moved sideways in a trading range between 1.3053 and 1.3284. As long as 1.3053 support holds, the upside movement from 1.2905 could be expected to resume, and further rise to 1.3400 area is still possible. On...

EURUSD Daily Analysis – January 8, 2020

by ForexCycle.com | January 7, 2020 10:17 pm
EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.0981. As long as the trend line support holds, the fall from 1.1239 could be treated as consolidation for the...

USDCAD Daily Analysis – January 7, 2020

by ForexCycle.com | January 7, 2020 4:42 am
USDCAD moved sideways in a trading range between 1.2951 and 1.3007. As long as 1.3007 resistance holds, the downtrend from 1.3327 could be expected to continue and next target would be at 1.2900 area. On the upside,...

USDJPY Daily Analysis – January 7, 2020

by ForexCycle.com | January 7, 2020 4:41 am
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 109.68 had completed at 107.77 already. Further rally could be expected in a couple of days and next target would be...

AUDUSD Daily Analysis – January 7, 2020

by ForexCycle.com | January 7, 2020 4:40 am
AUDUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the fall from 0.7031 could be treated as corrective consolidation for the uptrend from 0.6754,...

GBPUSD Daily Analysis – January 7, 2020

by ForexCycle.com | January 7, 2020 4:39 am
GBPUSD broke above 1.3165 resistance, suggesting that the short term downtrend from 1.3284 had completed at 1.3053 already. Another rise towards 1.3400 would likely be seen over the next several days. Support is at 1.3053, only a...

EURUSD Daily Analysis – January 7, 2020

by ForexCycle.com | January 7, 2020 4:38 am
EURUSD failed to break below the bullish trend line on the 4-hour chart and rebounded from 1.1125. Further rise could be expected and next target would be at 1.1239 resistance. Near term support is at 1.1165, below...

USDCAD Daily Analysis – January 6, 2020

by ForexCycle.com | January 6, 2020 2:37 am
USDCAD remains in the downtrend from 1.3327. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 1.2951 could be treated as consolidation for the downtrend, and further decline...