USDJPY Daily Analysis – November 18, 2019

by ForexCycle.com | November 17, 2019 11:43 pm
USDJPY broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 109.48 had completed at 108.23 already. Further rally could be expected in the coming days and next target would be...

AUDUSD Daily Analysis – November 18, 2019

by ForexCycle.com | November 17, 2019 11:43 pm
AUDUSD broke above the resistance of the falling price channel on the 4-hour chart, suggesting that consolidation for the downtrend from 0.6929 is underway. Range trading between 0.6769 and 0.6840 would likely be seen in the coming...

GBPUSD Daily Analysis – November 18, 2019

by ForexCycle.com | November 17, 2019 11:42 pm
GBPUSD broke above 1.2898 resistance. Further rally would likely be seen and next target would be at 1.2950, followed by 1.3000. Support is at 1.2810, a breakdown below this level could trigger another downside movement towards 1.2750.

EURUSD Daily Analysis – November 18, 2019

by ForexCycle.com | November 17, 2019 11:41 pm
EURUSD extended its upside movement from 1.0989 to as high as 1.1056. Further rally would likely be seen in a couple of days and next target would be at 1.1100 area. Near term support is at 1.1030,...

USDCAD Weekly Analysis – November 17, 2019

by ForexCycle.com | November 17, 2019 10:54 am
USDCAD’s bounce from 1.3041 extended to as high as 1.3270. Further rise is still possible and next target would be at 1.3350 area. Near term support is at 1.3170, a breakdown below this level could trigger another...

USDJPY Weekly Analysis – November 17, 2019

by ForexCycle.com | November 17, 2019 10:52 am
USDJPY stays in a rising price channel on the daily chart and remains in the uptrend from 104.44. As long as the channel support holds, the upside movement could be expected to continue and next target would...

AUDUSD Weekly Analysis – November 17, 2019

by ForexCycle.com | November 17, 2019 10:51 am
AUDUSD stays below a falling trend line on the daily chart and remains in the downtrend from 0.7205. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...

GBPUSD Weekly Analysis – November 17, 2019

by ForexCycle.com | November 17, 2019 10:50 am
GBPUSD moved sideways in a narrow range between 1.2768 and 1.3012. As long as 1.2768 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.1958, further rise towards 1.3200 is still possible...

EURUSD Weekly Analysis – November 17, 2019

by ForexCycle.com | November 17, 2019 10:48 am
EURUSD’s fall from 1.1179 extended to as low as 1.0989. Deeper decline would likely be seen after a minor consolidation and next target would be at 1.0879 support. Near term resistance is at 1.1100, only break above...

USDCAD Daily Analysis – November 15, 2019

by ForexCycle.com | November 15, 2019 4:23 am
USDCAD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.3114 had completed at 1.3270 already. Deeper decline to test 1.3212 support would likely be seen, below this level could...