USDCAD Daily Analysis – January 28, 2020

by ForexCycle.com | January 28, 2020 3:35 am
USDCAD broke above 1.3171 resistance and extended its upside movement from 1.3035 to as high as 1.3199. The upside movement could be expected to continue in a couple of days and next target would be at 1.3250...

USDJPY Daily Analysis – January 28, 2020

by ForexCycle.com | January 28, 2020 3:33 am
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 110.28. Further decline would likely be seen after a minor consolidation and next target would be at 107.40 area. On...

AUDUSD Daily Analysis – January 28, 2020

by ForexCycle.com | January 28, 2020 3:31 am
AUDUSD’s downside movement from 0.6933 extended to as low as 0.6746. Further decline could be expected after a minor consolidation and next target would be at 0.6700 area. Near term resistance is at 0.6780, above this level...

GBPUSD Daily Analysis – January 28, 2020

by ForexCycle.com | January 28, 2020 3:30 am
GBPUSD is facing the support of the rising price channel on the 4-hour chart. As long as the channel support holds, the pullback from 1.3173 could be treated as consolidation for the uptrend from 1.2954, another rise...

EURUSD Daily Analysis – January 28, 2020

by ForexCycle.com | January 28, 2020 3:29 am
EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1172. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

USDCAD Daily Analysis – January 27, 2020

by ForexCycle.com | January 27, 2020 4:40 am
USDCAD extended its upside movement from 1.2951 to as high as 1.3171. As long as 1.3117 support holds, the upside movement could be expected to continue and next target would be at 1.3240 area. On the downside,...

USDJPY Daily Analysis – January 27, 2020

by ForexCycle.com | January 27, 2020 4:39 am
USDJPY’s downside movement from 110.28 extended to as low as 108.73. Further decline could be expected after a minor consolidation and next target would be at 108.40 area. Resistance is located at the bearish trend line on...

AUDUSD Daily Analysis – January 27, 2020

by ForexCycle.com | January 27, 2020 4:38 am
AUDUSD extended its downside movement from 0.6933 to as low as 0.6800. 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 – January 27, 2020

by ForexCycle.com | January 27, 2020 4:37 am
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2954. As long as the channel support holds the pullback from 1.3173 could be treated as consolidation for the uptrend...

EURUSD Daily Analysis – January 27, 2020

by ForexCycle.com | January 27, 2020 4:36 am
EURUSD extended its downside movement from 1.1172 to as low as 1.1019. 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...