USDCAD Daily Analysis – November 15, 2019

by ForexCycle.com | November 15, 2019 4:23 am
USDCAD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.3114 had completed at 1.3270 already. Deeper decline to test 1.3212 support would likely be seen, below this level could...

USDJPY Daily Analysis – November 15, 2019

by ForexCycle.com | November 15, 2019 4:22 am
USDJPY extended its downside movement from 109.48 to as low as 108.23, breaking below 108.64 support. As long as the price is in the falling channel on the 4-hour chart, the downside movement could be expected to...

AUDUSD Daily Analysis – November 15, 2019

by ForexCycle.com | November 15, 2019 4:21 am
AUDUSD’s downside movement from 0.6929 extended to as low as 0.6769. As long as the price is in the falling channel on the 4-hour chart, the downside movement could be expected to continue and next target would...

GBPUSD Daily Analysis – November 15, 2019

by ForexCycle.com | November 15, 2019 4:20 am
GBPUSD is facing 1.2898 resistance, a breakout of this level could trigger further upside movement to 1.2950 area. On the downside, as long as 1.2898 resistance holds, the price action from 1.2768 could be treated as consolidation...

EURUSD Daily Analysis – November 15, 2019

by ForexCycle.com | November 15, 2019 4:20 am
EURUSD broke above the falling price channel on the 4-hour chart, further rally to test 1.1043 resistance would likely be seen, above this level would indicate that the downside movement from 1.1175 had completed at 1.0989 already,...

USDCAD Daily Analysis – November 14, 2019

by ForexCycle.com | November 13, 2019 10:19 pm
USDCAD extended its upside movement from 1.3114 to as high as 1.3268. As long as the price is in the rising channel on the 4-hour chart, the upside movement could be expected to continue and next target...

USDJPY Daily Analysis – November 14, 2019

by ForexCycle.com | November 13, 2019 10:18 pm
USDJPY is facing 108.64 support, as long as this level holds, the pullback from 109.48 could be treated as consolidation for the uptrend from 107.88, another rise to 110.00 area is possible after the consolidation. On the...

AUDUSD Daily Analysis – November 14, 2019

by ForexCycle.com | November 13, 2019 10:18 pm
AUDUSD extended its downside movement from 0.6929 to as low as 0.6821. Further decline would likely be seen in a couple of days and next target would be at 0.6800 area. Resistance is at 0.6865, a break...

GBPUSD Daily Analysis – November 14, 2019

by ForexCycle.com | November 13, 2019 10:17 pm
GBPUSD moved sideways in a trading range between 1.2768 and 1.2898. As long as 1.2898 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3012, further decline to 1.2650 area is still...

EURUSD Daily Analysis – November 14, 2019

by ForexCycle.com | November 13, 2019 10:16 pm
EURUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.1175. As long as the channel resistance holds, the downtrend could be expected to continue and next target would be...