EURUSD Daily Analysis – December 9, 2019

by ForexCycle.com | December 9, 2019 12:28 am
EURUSD broke below 1.1065 support, suggesting that the upside movement from 1.0981 had completed at 1.1116 already. Further decline would likely be seen in the coming days and next target would be at 1.1015 area. Resistance is...

USDCAD Weekly Analysis – December 8, 2019

by ForexCycle.com | December 8, 2019 10:36 am
USDCAD failed to break above 1.3382 resistance and pulled back from 1.3327, breaking below the rising trend line on the daily chart. Another fall would likely be seen over the next several day and the target would...

USDJPY Weekly Analysis – December 8, 2019

by ForexCycle.com | December 8, 2019 10:35 am
USDJPY broke below the rising price channel on the daily chart. Deeper decline to test 107.88 support would likely be seen next week, a breakdown below this level would indicate that the upside movement from 104.44 had...

AUDUSD Weekly Analysis – December 8, 2019

by ForexCycle.com | December 8, 2019 10:35 am
AUDUSD stays below a falling trend line on the daily chart and remains in the downtrend from 0.7295. As long as the trend line resistance holds, the price action in the trading range between 0.6670 and 0.6929...

GBPUSD Weekly Analysis – December 8, 2019

by ForexCycle.com | December 8, 2019 10:34 am
GBPUSD extended its upside movement from 1.1958 to as high as 1.3166, breaking above 1.3012 resistance. Further rise is still possible and next target would be at 1.3350 area. Key support is at 1.2768, only break below...

EURUSD Weekly Analysis – December 8, 2019

by ForexCycle.com | December 8, 2019 10:31 am
EURUSD stays in a falling price channel on the daily chart and remains in the downtrend from 1.1570 (Jan 10 high). As long as the channel resistance holds, the price action from 1.0879 could be treated as...

USDCAD Daily Analysis – December 6, 2019

by ForexCycle.com | December 6, 2019 3:25 am
USDCAD’s downside movement from 1.3320 extended to as low as 1.3158. Further decline is still possible after a minor consolidation and next target would be at 1.3100 area. Near term resistance is at 1.3190, above this level...

USDJPY Daily Analysis – December 6, 2019

by ForexCycle.com | December 6, 2019 3:24 am
USDJPY stays in a rising price channel on the 4-hour chart. Another rise towards 110.00 would likely be seen over the next several days. Support is at 108.42, only a breakdown below this level would confirm that...

AUDUSD Daily Analysis – December 6, 2019

by ForexCycle.com | December 6, 2019 3:23 am
AUDUSD moved sideways in a trading range between 0.6812 and 0.6861. As long as 0.6812 support holds, the sideways move could be treated as consolidation for the uptrend from 0.6754, further rise to 0.6900 area is possible...

GBPUSD Daily Analysis – December 6, 2019

by ForexCycle.com | December 6, 2019 3:23 am
GBPUSD’s upside movement from 1.2822 extended to as high as 1.3165. Further rise is still possible after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.3085, a breakdown below...