USDCAD Daily Analysis – April 19, 2019

by ForexCycle.com | April 19, 2019 2:24 am
USDCAD is facing 1.3402 resistance again, a break of this level could trigger further upside movement towards 1.3450. Near term support is at 1.3350, a breakdown below this level could bring the price back towards 1.3300.

USDJPY Daily Analysis – April 19, 2019

by ForexCycle.com | April 19, 2019 2:23 am
USDJPY remains in the uptrend from 110.84, the sideways movement in the trading range between 111.76 and 112.16 could be treated as consolidation for the uptrend. A break of 112.16 resistance would indicate that the uptrend has...

AUDUSD Daily Analysis – April 19, 2019

by ForexCycle.com | April 19, 2019 2:22 am
AUDUSD broke below the bottom support trend line on the rising price channel on the 4-hour chart. Deeper decline could be expected in the coming days and next target would be at 0.7050 area. Resistance is at...

GBPUSD Daily Analysis – April 19, 2019

by ForexCycle.com | April 19, 2019 2:22 am
GBPUSD is facing 1.2960 support once again. A breakdown below this level could trigger further downside movement towards 1.2800. Near term resistance is at 1.3030, a break of this level could take the price back to 1.3080...

EURUSD Daily Analysis – April 19, 2019

by ForexCycle.com | April 19, 2019 2:21 am
EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.1183 had completed at 1.1323 already. Deeper decline could be expected after a minor consolidation and next target would be...

USDCAD Daily Analysis – April 18, 2019

by ForexCycle.com | April 18, 2019 3:23 am
After touching 1.3283 support, USDCAD rebounded from 1.3274, suggesting that lengthier sideways movement is underway. Further rally would likely be seen in the a couple of days and the target would be at 1.3430 area.

USDJPY Daily Analysis – April 18, 2019

by ForexCycle.com | April 18, 2019 3:22 am
USDJPY moved sideways in a narrow range between 111.84 and 112.16. As long as 111.84 support holds, the price action in the range could be treated as consolidation for the uptrend from 110.84, further rise towards 113.00...

AUDUSD Daily Analysis – April 18, 2019

by ForexCycle.com | April 18, 2019 3:22 am
AUDUSD’s upside movement from 0.7052 extended to as high as 0.7205. As long as the price is in the price channel on the 4-hour chart, the upside movement could be expected to continue and next target would...

GBPUSD Daily Analysis – April 18, 2019

by ForexCycle.com | April 18, 2019 3:21 am
GBPUSD formed a triangle pattern on the 4-hour chart. Resistance is at the upper border of the pattern, a breakout could trigger another bullish movement towards 1.3400. Key support is at 1.2960, a breakdown below this level...

EURUSD Daily Analysis – April 18, 2019

by ForexCycle.com | April 18, 2019 3:20 am
EURUSD failed to break above 1.1323 resistance, suggesting that lengthier consolidation for the uptrend from 1.1183 is needed. However, as long as the price is above the bullish trend line on the 4-hour chart, the upside movement...