USDCAD Daily Analysis – January 9, 2020

by ForexCycle.com | January 9, 2020 3:15 am
USDCAD is in consolidation for the downtrend from 1.3327. Further rally is still possible and the target would be at the bearish trend line on the 4-hour chart. However, as long as the trend line resistance holds,...

USDJPY Daily Analysis – January 9, 2020

by ForexCycle.com | January 9, 2020 3:14 am
USDJPY broke above 108.86 resistance, suggesting that the downtrend from 109.70 had completed at 107.65 already. Further rise could be expected after a minor consolidation and next target would be at 109.50 area. Near term support is...

AUDUSD Daily Analysis – January 9, 2020

by ForexCycle.com | January 9, 2020 3:14 am
AUDUSD extended its downside movement from 0.7031 to as low as 0.6848. 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 9, 2020

by ForexCycle.com | January 9, 2020 3:13 am
GBPUSD continued its sideways movement in a trading range between 1.3053 and 1.3284. The sideways move is likely consolidation for the uptrend from 1.2905, further rise to 1.3400 area is possible after the consolidation. Near term support...

EURUSD Daily Analysis – January 9, 2020

by ForexCycle.com | January 9, 2020 3:12 am
EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.0981 had completed at 1.1239 already. Further decline could be expected and next target would be at 1.1060 area. Near...

USDCAD Daily Analysis – January 8, 2020

by ForexCycle.com | January 7, 2020 10:20 pm
USDCAD broke above 1.3007 resistance, suggesting that lengthier consolidation for the downtrend from 1.3327 is underway. Further rally is possible in a couple of days and the target would be at the bearish trend line on the...

USDJPY Daily Analysis – January 8, 2020

by ForexCycle.com | January 7, 2020 10:19 pm
USDJPY is in consolidation for the downtrend from 109.70. Sideways movement in a trading range between 107.77 and 108.86 would likely be seen in a couple of days. As long as 108.86 resistance holds, the downtrend could...

AUDUSD Daily Analysis – January 8, 2020

by ForexCycle.com | January 7, 2020 10:18 pm
AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.6754 had completed at 0.7031 already. Further decline is still possible after a minor consolidation and next target would be...

GBPUSD Daily Analysis – January 8, 2020

by ForexCycle.com | January 7, 2020 10:18 pm
GBPUSD moved sideways in a trading range between 1.3053 and 1.3284. As long as 1.3053 support holds, the upside movement from 1.2905 could be expected to resume, and further rise to 1.3400 area is still possible. On...

EURUSD Daily Analysis – January 8, 2020

by ForexCycle.com | January 7, 2020 10:17 pm
EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.0981. As long as the trend line support holds, the fall from 1.1239 could be treated as consolidation for the...