USDCAD Daily Analysis – January 13, 2020

by ForexCycle.com | January 12, 2020 11:07 pm
USDCAD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.2951 had completed at 1.3104 already. Further decline would likely be seen in the coming days and next target would...

USDJPY Daily Analysis – January 13, 2020

by ForexCycle.com | January 12, 2020 11:06 pm
USDJPY is facing 109.72 resistance, a break of this level could trigger further upside movement towards 110.00. Near term support is at 109.35, a breakdown below this level would indicate that consolidation for the uptrend is underway,...

AUDUSD Daily Analysis – January 13, 2020

by ForexCycle.com | January 12, 2020 11:05 pm
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 0.7031 had completed at 0.6848 already. Further rally would likely be seen in a couple of days and the target would...

GBPUSD Daily Analysis – January 13, 2020

by ForexCycle.com | January 12, 2020 11:05 pm
GBPUSD remains in the downtrend from 1.3284. 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 target would be at 1.2900...

EURUSD Daily Analysis – January 13, 2020

by ForexCycle.com | January 12, 2020 11:04 pm
EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1239. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...

USDCAD Daily Analysis – January 10, 2020

by ForexCycle.com | January 10, 2020 12:20 am
USDCAD’s upside movement from 1.2951 extended to as high as 1.3104. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target...

USDJPY Daily Analysis – January 10, 2020

by ForexCycle.com | January 10, 2020 12:19 am
USDJPY extended its upside movement from 107.65 to as high as 109.58, facing the resistance level at 109.70. Near term support is at 109.30, as long as this level holds, the upside movement could be expected to...

AUDUSD Daily Analysis – January 10, 2020

by ForexCycle.com | January 10, 2020 12:18 am
AUDUSD stays below the falling trend line on the 4-hour chart and remains in the downtrend from 0.7031. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

GBPUSD Daily Analysis – January 10, 2020

by ForexCycle.com | January 10, 2020 12:18 am
GBPUSD broke below 1.3053 support, suggesting that the upside movement from 1.2905 had completed at 1.3284 already. Further decline could be expected and next target would be at 1.2900 area. Resistance is located at the falling trend...

EURUSD Daily Analysis – January 10, 2020

by ForexCycle.com | January 10, 2020 12:17 am
EURUSD extended its downside movement from 1.1239 to as low as 1.1092. 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...