USDCAD Daily Analysis – November 21, 2019

by ForexCycle.com | November 21, 2019 2:07 am
USDCAD’s upside movement from 1.3041 extended to as high as 1.3327. Further rise is possible after a minor consolidation and next target would be at 1.3360 area. Near term support is at 1.3270, a breakdown below this...

USDJPY Daily Analysis – November 21, 2019

by ForexCycle.com | November 21, 2019 2:06 am
USDJPY is facing the support of the rising price channel on the 4-hour chart. As long as the channel support holds, the fall from 109.48 could be treated as consolidation for the uptrend from 106.48, another rise...

AUDUSD Daily Analysis – November 21, 2019

by ForexCycle.com | November 21, 2019 2:06 am
AUDUSD failed to break above 0.6840 resistance and stays in a trading range between 0.6769 and 0.6840. As long as 0.6840 resistance holds, the price action in the range could be treated as consolidation for the downtrend...

GBPUSD Daily Analysis – November 21, 2019

by ForexCycle.com | November 21, 2019 2:05 am
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2768. As long as the channel support holds, the upside movement could be expected to continue and next target would...

EURUSD Daily Analysis – November 21, 2019

by ForexCycle.com | November 21, 2019 2:04 am
EURUSD moved sideways in a trading range between 1.1053 and 1.1090. As long as 1.1053 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.0989, further rise to 1.1150 area is possible...

USDCAD Daily Analysis – November 20, 2019

by ForexCycle.com | November 20, 2019 2:13 am
USDCAD extended its upside movement from 1.3041 to as high as 1.3283, breaking above 1.3270 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3300 area. Near term support is...

USDJPY Daily Analysis – November 20, 2019

by ForexCycle.com | November 20, 2019 2:12 am
USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 106.48. As long as the channel support holds, the price action from 109.48 could be treated as consolidation for the...

AUDUSD Daily Analysis – November 20, 2019

by ForexCycle.com | November 20, 2019 2:11 am
AUDUSD is facing 0.6840 resistance, a break of this level would indicate that the downside movement from 0.6929 had completed at 0.6769 already, then another rise towards 0.6900 could be seen. On the downside, as long as...

GBPUSD Daily Analysis – November 20, 2019

by ForexCycle.com | November 20, 2019 2:10 am
GBPUSD failed to break above 1.3012 resistance and pulled back from 1.2985, breaking below the rising trend line on the 4-hour chart. Deeper decline towards 1.2870 is possible, a breakdown below this level would confirm that the...

EURUSD Daily Analysis – November 20, 2019

by ForexCycle.com | November 20, 2019 2:10 am
EURUSD remains in the uptrend from 1.0989, the pullback from 1.1090 is likely consolidation for the uptrend. As long as 1.1053 support holds, the uptrend could be expected to continue and next target would be at 1.1150...