USDCAD Daily Analysis – December 3, 2019

by ForexCycle.com | December 3, 2019 4:30 am
USDCAD remains in the uptrend from 1.3041, the price action from 1.3327 is likely consolidation for the uptrend. As long as 1.3254 support holds, the upside movement could be expected to resume, and further rise to 1.3360...

USDJPY Daily Analysis – December 3, 2019

by ForexCycle.com | December 3, 2019 4:29 am
USDJPY broke below 109.33 support and extended its downside movement from 109.72 to as low as 108.92. Further decline could be expected in a couple of days and next target would be at 108.60 area. Near term...

AUDUSD Daily Analysis – December 3, 2019

by ForexCycle.com | December 3, 2019 4:28 am
AUDUSD broke above the falling trend line on the 4-hour chart and extended its upside movement from 0.6754 to as high as 0.6825. As long as 0.6800 support holds, the upside movement could be expected to continue...

GBPUSD Daily Analysis – December 3, 2019

by ForexCycle.com | December 3, 2019 4:27 am
GBPUSD remains in the short term uptrend from 1.2822. 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 would be...

EURUSD Daily Analysis – December 3, 2019

by ForexCycle.com | December 3, 2019 4:26 am
EURUSD’s bounce from 1.0981 extended to as high as 1.1090, facing the resistance level at 1.1097, a breakout of this level could trigger further upside movement towards 1.1150. Near term support is at 1.1040, only break below...

USDCAD Daily Analysis – December 2, 2019

by ForexCycle.com | December 2, 2019 1:33 am
USDCAD moved sideways in a trading range between 1.3254 and 1.3327 for several days. As long as 1.3254 support holds, the sideways move could be treated as consolidation for the uptrend from 1.3041, further rise to 1.3360...

USDJPY Daily Analysis – December 2, 2019

by ForexCycle.com | December 2, 2019 1:32 am
USDJPY extended its upside movement from 108.27 to as high as 109.68. As long as 109.33 support holds, the upside movement could be expected to continue and next target would be at 110.00 area. Only break below...

AUDUSD Daily Analysis – December 2, 2019

by ForexCycle.com | December 2, 2019 1:32 am
AUDUSD extended its downside movement from 0.6834 to as low as 0.6753. 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 – December 2, 2019

by ForexCycle.com | December 2, 2019 1:31 am
GBPUSD stays in a rising 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 2, 2019

by ForexCycle.com | December 2, 2019 1:30 am
After breaking below 1.0989 support, EURUSD rebounded strongly from 1.0981, suggesting that consolidation for the downtrend from 1.1097 is underway. Range trading between 1.0981 and 1.1040 would likely be seen in a couple of days. As long...