USDCAD Weekly Analysis – November 3, 2018

by ForexCycle.com | November 3, 2018 4:04 am
USDCAD stays above a rising trend line on its daily chart and remains in the uptrend from 1.2782. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDJPY Weekly Analysis – November 3, 2018

by ForexCycle.com | November 3, 2018 4:03 am
USDJPY failed to break below the bottom support trend line of the price channel on the daily chart, suggesting that the pair remains in the uptrend from 104.63 and another rise towards 115.50 resistance would likely be...

AUDUSD Weekly Analysis – November 3, 2018

by ForexCycle.com | November 3, 2018 4:02 am
AUDUSD is facing the resistance of the bearish trend line on the daily chart. As long as the trend line resistance holds, the bounce from 0.7020 could be treated as consolidation for the downtrend from 0.8135 and...

GBPUSD Weekly Analysis – November 3, 2018

by ForexCycle.com | November 3, 2018 4:01 am
Being contained by 1.2661 support, GBPUSD rebounded from 1.2695. Further rise would likely be seen and next target would be at 1.3298 resistance. Near term support is at 1.2850, only a breakdown below this level could trigger...

EURUSD Weekly Analysis – November 3, 2018

by ForexCycle.com | November 3, 2018 4:01 am
EURUSD failed in its attempt to break below 1.1301 support. Another fall to test this level is still possible next week, and a breakdown could trigger further downside movement towards 1.1000. Near term resistance is at 1.1460,...

USDCAD Daily Analysis – November 2, 2018

by ForexCycle.com | November 2, 2018 2:21 am
USDCAD remains in the uptrend from 1.2782, the pullback from 1.3169 is likely consolidation for the uptrend. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be...

USDJPY Daily Analysis – November 2, 2018

by ForexCycle.com | November 2, 2018 2:20 am
USDJPY’s fall from 113.38 extended to as low as 112.55. As long as 112.50 support holds, the fall could be treated as consolidation for the uptrend from 111.37 and another rise towards 114.00 is still possible after...

AUDUSD Daily Analysis – November 2, 2018

by ForexCycle.com | November 2, 2018 2:20 am
AUDUSD broke above 0.7159 resistance and extended its upside movement from 0.7020 to as high as 0.7213. Further rise is still possible after a minor consolidation and next target would be at 0.7300 area. Near term support...

GBPUSD Daily Analysis – November 2, 2018

by ForexCycle.com | November 2, 2018 2:19 am
GBPUSD’s upside movement from 1.2695 extended to as high as 1.3034. Further rise is still possible after consolidation and next target would be at 1.3200 area. Support level is at 1.2850, only a breakdown below this level...

EURUSD Daily Analysis – November 2, 2018

by ForexCycle.com | November 2, 2018 2:19 am
EURUSD broke above the bearish trend line on its 4-hour chart, suggesting that the downside movement from 1.1622 had completed at 1.1302 already. Further rally is still possible and next target would be at 1.1480, followed by...