USDCAD Daily Analysis – February 4, 2019

by ForexCycle.com | February 4, 2019 12:42 am
USDCAD extended its downside movement from 1.3374 to as low as 1.3068. 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...

USDJPY Daily Analysis – February 4, 2019

by ForexCycle.com | February 4, 2019 12:41 am
USDJPY is facing the resistance of the falling trend line on the 4-hour chart. A breakout of the trend line resistance would indicate that the downside movement from 109.99 had completed at 108.49 already, then another rise...

AUDUSD Daily Analysis – February 4, 2019

by ForexCycle.com | February 4, 2019 12:40 am
AUDUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 0.7075. As long as the trend line support holds, the fall from 07295 could be treated as consolidation for the...

GBPUSD Daily Analysis – February 4, 2019

by ForexCycle.com | February 4, 2019 12:40 am
GBPUSD 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 1.3217 could be treated as consolidation for the uptrend from 1.2396, another...

EURUSD Daily Analysis – February 4, 2019

by ForexCycle.com | February 4, 2019 12:39 am
EURUSD moved sideways in a trading range between 1.1406 and 1.1514. The price action in the range is likely consolidation for the uptrend from 1.1289, further rise to 1.1600 area is still possible after the consolidation. On...

USDCAD Weekly Analysis – February 2, 2019

by ForexCycle.com | February 2, 2019 2:51 pm
USDCAD broke below 1.3179 support and extended its downside movement from 1.3664 to as low as 1.3068. As long as the price is below the falling trend line on the daily chart, the downside movement could be...

USDJPY Weekly Analysis – February 2, 2019

by ForexCycle.com | February 2, 2019 2:50 pm
USDJPY remains in the uptrend from 105.05, the pullback from 109.99 is likely consolidation for the uptrend. Further rise is still possible next week and a break of 109.99 resistance could trigger another bullish move towards 112.00....

AUDUSD Weekly Analysis – February 2, 2019

by ForexCycle.com | February 2, 2019 2:49 pm
AUDUSD broke above 0.7235 resistance, suggesting that the upside movement from 0.6765 has resumed. Further rise would likely be seen in the coming days and next target would be at 0.7400 area. The key support is at...

GBPUSD Weekly Analysis – February 2, 2019

by ForexCycle.com | February 2, 2019 2:48 pm
GBPUSD’s upside movement from 1.2396 extended to as high as 1.3217. Support is at 1.2940, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.3500 area....

EURUSD Weekly Analysis – February 2, 2019

by ForexCycle.com | February 2, 2019 2:47 pm
EURUSD failed to break below 1.1215 support and continued its sideways movement in a trading range between 1.1215 and 1.1570. Another rise to test 1.1570 resistance could be expected next week, above this level could trigger further...