GBPUSD Daily Analysis – October 16, 2019

by ForexCycle.com | October 16, 2019 3:28 am
GBPUSD broke above 1.2707 resistance and extended its upside movement from 1.2195 to as high as 1.2799. The upside movement could be expected to continue after a minor consolidation and next target would be at 1.2900 area....

EURUSD Daily Analysis – October 16, 2019

by ForexCycle.com | October 16, 2019 3:27 am
EURUSD failed to break below the bottom of the price channel on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.0879. Further rise could be expected in the coming days and next target...

USDCAD Daily Analysis – October 15, 2019

by ForexCycle.com | October 15, 2019 3:40 am
USDCAD is in consolidation for the downtrend from 1.3347, range trading between 1.3170 and 1.3260 would likely be seen in a couple of days. As long as 1.3260 resistance holds, the downtrend could be expected to resume,...

USDJPY Daily Analysis – October 15, 2019

by ForexCycle.com | October 15, 2019 3:39 am
USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 106.48. Further rise towards 109.00 is still possible. On the downside, a breakdown below the channel support would indicate that...

AUDUSD Daily Analysis – October 15, 2019

by ForexCycle.com | October 15, 2019 3:38 am
AUDUSD remains in the uptrend from 0.6670, the pullback from 0.6810 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be...

GBPUSD Daily Analysis – October 15, 2019

by ForexCycle.com | October 15, 2019 3:36 am
GBPUSD moved sideways in a trading range between 1.2516 and 1.2707. As long as 1.2516 support holds, the sideways movement could be treated as consolidation for the uptrend, further rise to 1.2900 area is still possible. On...

EURUSD Daily Analysis – October 15, 2019

by ForexCycle.com | October 15, 2019 3:36 am
EURUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.0879. As long as the price is in the channel, the upside movement could be expected to continue and next...

USDCAD Daily Analysis – October 14, 2019

by ForexCycle.com | October 14, 2019 3:05 am
USDCAD extended its downside movement from 1.3347 to as low as 1.3170, breaking below 1.3205 support. Further decline is still possible after a minor consolidation and next target would be at 1.3100 area. Near term resistance is...

USDJPY Daily Analysis – October 14, 2019

by ForexCycle.com | October 14, 2019 3:04 am
USDJPY extended its upside movement from 106.48 to as high as 108.62. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next...

AUDUSD Daily Analysis – October 14, 2019

by ForexCycle.com | October 14, 2019 3:03 am
AUDUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 0.6670. as long as the trend line support holds, the uptrend could be expected to continue and next target would...