USDCAD Daily Analysis – October 28, 2019

by ForexCycle.com | October 27, 2019 11:15 pm
USDCAD’s downside movement from 1.3347 extended to as low as 1.3052. As long as the price is in the bearish channel on the 4-hour chart, the downside movement could be expected to continue and next target would...

USDJPY Daily Analysis – October 28, 2019

by ForexCycle.com | October 27, 2019 11:14 pm
USDJPY is in consolidation for the uptrend from 106.48. Range trading between 108.03 and 108.93 would likely be seen in a couple of days. As long as 108.03 support holds, the uptrend could be expected to resume,...

AUDUSD Daily Analysis – October 28, 2019

by ForexCycle.com | October 27, 2019 11:14 pm
AUDUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 0.6882. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...

GBPUSD Daily Analysis – October 28, 2019

by ForexCycle.com | October 27, 2019 11:13 pm
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3012. As long as the channel resistance holds, the downside movement could be extended to continue and next target would...

EURUSD Daily Analysis – October 28, 2019

by ForexCycle.com | October 27, 2019 11:12 pm
EURUSD is testing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.1179 could be treated as consolidation of the uptrend from 1.0879, a...

USDCAD Weekly Analysis – October 27, 2019

by ForexCycle.com | October 27, 2019 2:01 pm
USDCAD is facing 1.3015 support, a breakdown below this level could trigger further downside movement towards 1.2800. Near term resistance is at 1.3125, a breakout of this level could bring the price back towards 1.3300.

USDJPY Weekly Analysis – October 27, 2019

by ForexCycle.com | October 27, 2019 1:58 pm
USDJPY stays above a rising trend line on the daily chart and remains in the uptrend from 104.44. As long as the trend line support holds, the upside movement could be expected to continue and next target...

AUDUSD Weekly Analysis – October 27, 2019

by ForexCycle.com | October 27, 2019 1:57 pm
AUDUSD is in consolidation for the downtrend from 0.7295. Further rally would likely be seen in the coming days and the target would be at the bearish trend line on the daily chart. As long as the...

GBPUSD Weekly Analysis – October 27, 2019

by ForexCycle.com | October 27, 2019 1:56 pm
GBPUSD remains in the uptrend from 1.1958, the pullback from 1.3012 is likely consolidation for the uptrend. Further rise would likely be seen after the consolidation and next target would be at 1.3250 area. Near term support...

EURUSD Weekly Analysis – October 27, 2019

by ForexCycle.com | October 27, 2019 1:45 pm
EURUSD extended its upside movement from 1.0879 to as high as 1.1179. Further rally is still possible next week and the target would be at 1.1250 area. Near term support is at 1.1050, a breakdown below this...