USDJPY Weekly Analysis – November 10, 2018
USDJPY stays in a rising price channel on the daily chart, suggesting that the pair remains in the uptrend from 104.63. As long as the price is in the channel, the upside movement could be expected to...
Author: ForexCycle.com
AUDUSD Weekly Analysis – November 10, 2018
AUDUSD broke above the bearish trend line on the daily chart, suggesting that the downside movement from 0.8135 had completed at 0.7020 already. Further rally would likely be seen after a minor consolidation and next target would...
GBPUSD Weekly Analysis – November 10, 2018
GBPUSD moved sideways in a trading range between 1.2661 and 1.3298. The price action in the range is likely consolidation for the downtrend from 1.4376, another fall could be expected after the consolidation. Support is at 1.2661,...
EURUSD Weekly Analysis – November 10, 2018
EURUSD is facing 1.1301 support once again. A breakdown below this level could trigger further downside movement towards 1.1000. Near term resistance is at 1.1500, a break of this level could bring the price back towards 1.1600.
USDCAD Daily Analysis – November 9, 2018
USDCAD broke above 1.3169 resistance, suggesting that the uptrend from 1.2782 has resumed. Further rise could be expected and next target would be at 1.3250 area. Key support is at 1.3048, only a breakdown below this level...
USDJPY Daily Analysis – November 9, 2018
USDJPY extended its upside movement from 111.37 to as high as 114.08. As long as the price is above the rising trend line on the 4-hour chart, the uptrend could be expected to continue and next target...
AUDUSD Daily Analysis – November 9, 2018
AUDUSD extended its upside movement from 0.7020 to as high as 0.7302. Further rise is still possible and next target would be at 0.7340 area. Support is at 0.7220, a breakdown below this level would indicate that...
GBPUSD Daily Analysis – November 9, 2018
GBPUSD broke below the bottom of the price channel on its 4-hour chart, suggesting that the uptrend from 1.2695 had completed at 1.3174 already. Resistance is at 1.3100, only a break of this level could trigger another...
EURUSD Daily Analysis – November 9, 2018
EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.1302 had completed at 1.1499 already. Further decline could be expected after a minor consolidation and next target would be...
USDCAD Daily Analysis – November 8, 2018
USDCAD continued its sideways movement in a trading range between 1.3048 and 1.3169. The sideways move is likely consolidation for the uptrend from 1.2782. As long as 1.3048 support holds, the upside movement could be expected to...