USDCAD Daily Analysis – December 2, 2019

by ForexCycle.com | December 2, 2019 1:33 am
USDCAD moved sideways in a trading range between 1.3254 and 1.3327 for several days. As long as 1.3254 support holds, the sideways move could be treated as consolidation for the uptrend from 1.3041, further rise to 1.3360...

USDJPY Daily Analysis – December 2, 2019

by ForexCycle.com | December 2, 2019 1:32 am
USDJPY extended its upside movement from 108.27 to as high as 109.68. As long as 109.33 support holds, the upside movement could be expected to continue and next target would be at 110.00 area. Only break below...

AUDUSD Daily Analysis – December 2, 2019

by ForexCycle.com | December 2, 2019 1:32 am
AUDUSD extended its downside movement from 0.6834 to as low as 0.6753. 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...

GBPUSD Daily Analysis – December 2, 2019

by ForexCycle.com | December 2, 2019 1:31 am
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2822. As long as the channel support holds, the upside movement could be expected to continue and next target would...

EURUSD Daily Analysis – December 2, 2019

by ForexCycle.com | December 2, 2019 1:30 am
After breaking below 1.0989 support, EURUSD rebounded strongly from 1.0981, suggesting that consolidation for the downtrend from 1.1097 is underway. Range trading between 1.0981 and 1.1040 would likely be seen in a couple of days. As long...

USDCAD Weekly Analysis – December 1, 2019

by ForexCycle.com | December 1, 2019 2:11 pm
USDCAD stays above a rising trend line on the daily chart and remains in the uptrend from 1.3041. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDJPY Weekly Analysis – December 1, 2019

by ForexCycle.com | December 1, 2019 2:10 pm
USDJPY extended its upside movement from 104.44 to as high as 109.67, breaking above 109.48 resistance. Further rise could be expected in the coming days and next target would be at 110.50 area. Key support is at...

AUDUSD Weekly Analysis – December 1, 2019

by ForexCycle.com | December 1, 2019 2:08 pm
AUDUSD moved sideways in a trading range between 0.6670 and 0.6929 for several months. As long as the price is below the falling trend line on the daily chart, the sideways movement could be treated as consolidation...

GBPUSD Weekly Analysis – December 1, 2019

by ForexCycle.com | December 1, 2019 2:07 pm
GBPUSD continued its sideways movement in a trading range between 1.2768 and 1.3012. The sideways move is likely consolidation for the uptrend from 1.1958. As long as 1.2768 support holds, the upside movement could be expected to...

EURUSD Weekly Analysis – December 1, 2019

by ForexCycle.com | December 1, 2019 2:06 pm
EURUSD extended its downside movement from 1.1179 to as low as 1.0981. Further decline would likely be seen in the coming days and next target would be at 1.0879 support. Resistance is now at 1.1097, only break...