USDCAD Daily Analysis – November 16, 2018

by ForexCycle.com | November 16, 2018 3:22 am
USDCAD is facing the support of the price channel on the 4-hour chart. As long as the channel support holds, the pullback from 1.3263 could be treated as consolidation for the uptrend and another rise towards 1.3300...

USDJPY Daily Analysis – November 16, 2018

by ForexCycle.com | November 16, 2018 3:21 am
USDJPY’s downside movement from 114.20 extended to as low as 113.09. Further decline could be expected after a minor consolidation and next target would be at 112.00 area. Resistance is at 113.70, only a breakout of this...

AUDUSD Daily Analysis – November 16, 2018

by ForexCycle.com | November 16, 2018 3:21 am
AUDUSD is facing 0.7302 resistance, a breakthrough this level could signal resumption of the uptrend from 0.7020, then further rise towards 0.7400 could be seen. Near term support is at 0.7245, a breakdown below this level could...

GBPUSD Daily Analysis – November 16, 2018

by ForexCycle.com | November 16, 2018 3:20 am
GBPUSD broke below 1.2826 support and extended its downside movement from 1.3174 to as low as 1.2723. Further decline to test 1.2695 support is possible in a couple of days. Resistance is at 1.2880, only a breakout...

EURUSD Daily Analysis – November 16, 2018

by ForexCycle.com | November 16, 2018 3:20 am
EURUSD extended its upside movement from 1.1215 to as high as 1.1362. Further rise is still possible and next target would be at 1.1400 area. Near term support is at 1.1250, only a breakdown below this level...

USDCAD Daily Analysis – November 15, 2018

by ForexCycle.com | November 15, 2018 1:34 am
USDCAD stays a bullish price channel on the 4-hour chart and remains in the uptrend from 1.2782. As long as the price is in the channel, the upside movement could be expected to continue and next target...

USDJPY Daily Analysis – November 15, 2018

by ForexCycle.com | November 15, 2018 1:34 am
USDJPY broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the upside movement from 111.37 had completed at 114.20 already. Deeper decline is possible and next target would be...

AUDUSD Daily Analysis – November 15, 2018

by ForexCycle.com | November 15, 2018 1:33 am
AUDUSD’s bounce from 0.7164 extended to as high as 0.7278, breaking above 0.7250 resistance. Further rise towards 0.7302 previous high is possible and a breakout of this level could take the price to 0.7350 area. Support is...

GBPUSD Daily Analysis – November 15, 2018

by ForexCycle.com | November 15, 2018 1:33 am
GBPUSD extended its upside movement from 1.2826 to as high as 1.3071. Further rise is still possible and next target would be at 1.3174 resistance. Support is at 1.2880, only a breakdown below this level could trigger...

EURUSD Daily Analysis – November 15, 2018

by ForexCycle.com | November 15, 2018 1:32 am
EURUSD’s bounce from 1.1215 extended to as high as 1.1347. Further rally is still possible and next target would be at 1.1400 – 1.1450 area. Support is at 1.1250, a breakdown below this level could trigger another...