USDCAD Daily Analysis – December 13, 2019

by ForexCycle.com | December 13, 2019 3:32 am
USDCAD extended its downside movement from 1.3269 to as low as 1.3150, breaking below 1.3158 support. Further decline could be expected in a couple of days and next target would be at 1.3100 area. Near term resistance...

USDJPY Daily Analysis – December 13, 2019

by ForexCycle.com | December 13, 2019 3:31 am
USDJPY broke above 109.00 resistance and extended its upside movement from 108.42 to as high as 109.58. Further rise could be expected and the target would be at the top of the rising price channel on the...

AUDUSD Daily Analysis – December 13, 2019

by ForexCycle.com | December 13, 2019 3:30 am
AUDUSD extended its upside movement from 0.6800 to as high as 0.6938. Further rise is still possible after a minor consolidation and next target would be at 0.7000. Near term support is at 0.6890, below this level...

GBPUSD Daily Analysis – December 13, 2019

by ForexCycle.com | December 13, 2019 3:30 am
GBPUSD’s upside movement from 1.2822 extended to as high as 1.3514. Further rise is still possible after a minor consolidation and next target would be at 1.3550 area. Near term support is at 1.3350, below this level...

EURUSD Daily Analysis – December 13, 2019

by ForexCycle.com | December 13, 2019 3:29 am
EURUSD’s upside movement from 1.0981 extended to as high as 1.1199. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target...

USDCAD Daily Analysis – December 12, 2019

by ForexCycle.com | December 11, 2019 11:14 pm
USDCAD extended its downside movement from 1.3269 to as low as 1.3161, facing the support level at 1.3158. A breakdown below this level could trigger further downside movement towards 1.3100. Near term resistance is at 1.3190, above...

USDJPY Daily Analysis – December 12, 2019

by ForexCycle.com | December 11, 2019 11:13 pm
USDJPY continued its sideways movement in a trading range between 108.42 and 109.00. Support is at the bottom of the price channel on the 4-hour chart, a breakdown below the channel support could take the price to...

AUDUSD Daily Analysis – December 12, 2019

by ForexCycle.com | December 11, 2019 11:12 pm
AUDUSD broke above 0.6861 resistance and extended its upside movement from 0.6800 to as high as 0.6889. Further rise could be expected after a minor consolidation and next target would be at 0.6910 area. Near term support...

GBPUSD Daily Analysis – December 12, 2019

by ForexCycle.com | December 11, 2019 11:05 pm
GBPUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.2822. As long as the channel support holds, the upside movement could be expected to continue and next target would...

EURUSD Daily Analysis – December 12, 2019

by ForexCycle.com | December 11, 2019 11:04 pm
EURUSD extended its upside movement from 1.0981 to as high as 1.1144, breaking above 1.1116 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.1170, followed by 1.1250. Support is...