USDCAD Daily Analysis – December 9, 2019

by ForexCycle.com | December 9, 2019 12:31 am
USDCAD bounced strongly from 1.3158 to as high as 1.3269. Further rise is still possible after a minor consolidation and next target would be at 1.3300 area. Near term support is at 1.3225, below this level could...

USDJPY Daily Analysis – December 9, 2019

by ForexCycle.com | December 9, 2019 12:30 am
USDJPY is facing the support of the rising price channel on the 4-hour chart. A breakdown below the channel support would indicate that the upside movement from 104.44 (Aug 26 low) had completed at 109.72 already, then...

AUDUSD Daily Analysis – December 9, 2019

by ForexCycle.com | December 9, 2019 12:30 am
AUDUSD stays in a narrow range between 0.6812 and 0.6861. As long as 0.6812 support holds, the price action in the range could be treated as consolidation for the uptrend from 0.6754, a breakout of 0.6861 resistance...

GBPUSD Daily Analysis – December 9, 2019

by ForexCycle.com | December 9, 2019 12:29 am
GBPUSD extended its upside move from 1.2822 to as high as 1.3166. As long as the price is in the bullish price channel on the 4-hour chart, the pullback from 1.3166 could be treated as consolidation for...

EURUSD Daily Analysis – December 9, 2019

by ForexCycle.com | December 9, 2019 12:28 am
EURUSD broke below 1.1065 support, suggesting that the upside movement from 1.0981 had completed at 1.1116 already. Further decline would likely be seen in the coming days and next target would be at 1.1015 area. Resistance is...

USDCAD Daily Analysis – December 6, 2019

by ForexCycle.com | December 6, 2019 3:25 am
USDCAD’s downside movement from 1.3320 extended to as low as 1.3158. Further decline is still possible after a minor consolidation and next target would be at 1.3100 area. Near term resistance is at 1.3190, above this level...

USDJPY Daily Analysis – December 6, 2019

by ForexCycle.com | December 6, 2019 3:24 am
USDJPY stays in a rising price channel on the 4-hour chart. Another rise towards 110.00 would likely be seen over the next several days. Support is at 108.42, only a breakdown below this level would confirm that...

AUDUSD Daily Analysis – December 6, 2019

by ForexCycle.com | December 6, 2019 3:23 am
AUDUSD moved sideways in a trading range between 0.6812 and 0.6861. As long as 0.6812 support holds, the sideways move could be treated as consolidation for the uptrend from 0.6754, further rise to 0.6900 area is possible...

GBPUSD Daily Analysis – December 6, 2019

by ForexCycle.com | December 6, 2019 3:23 am
GBPUSD’s upside movement from 1.2822 extended to as high as 1.3165. Further rise is still possible after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.3085, a breakdown below...

EURUSD Daily Analysis – December 6, 2019

by ForexCycle.com | December 6, 2019 3:22 am
EURUSD is facing 1.1116 resistance, a break of this level would indicate that the upside movement from 1.0981 has resumed, then next target would be at 1.1150 area. Key support is at 1.1065, below this level could...