USDCAD Daily Analysis – November 13, 2019

by ForexCycle.com | November 12, 2019 10:59 pm
USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3114. As long as the channel support holds, the pullback from 1.3257 could be treated as consolidation for the uptrend...

USDJPY Daily Analysis – November 13, 2019

by ForexCycle.com | November 12, 2019 10:59 pm
USDJPY continued its sideways movement in a trading range between 108.64 and 109.48. The sideways movement is likely consolidation for the uptrend from 107.88, further rise to 110.00 area is possible after the consolidation. Key support is...

AUDUSD Daily Analysis – November 13, 2019

by ForexCycle.com | November 12, 2019 10:58 pm
AUDUSD’s downside movement from 0.6929 extended to as low as 0.6831. As long as 0.6865 resistance holds, the downside movement could be expected to continue and next target would be at 0.6800 area. Only break above 0.6865...

GBPUSD Daily Analysis – November 13, 2019

by ForexCycle.com | November 12, 2019 10:57 pm
GBPUSD remains in the downtrend from 1.3012, the bounce from 1.2768 is likely consolidation for the downtrend. As long as 1.2898 resistance holds, the downtrend could be expected to resume, and further decline to 1.2650 area is...

EURUSD Daily Analysis – November 13, 2019

by ForexCycle.com | November 12, 2019 10:56 pm
EURUSD extended its downside movement from 1.1175 to as low as 1.1002. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...

USDCAD Daily Analysis – November 12, 2019

by ForexCycle.com | November 12, 2019 12:43 pm
USDCAD extended its upside movement from 1.3114 to as high as 1.3257. 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...

USDJPY Daily Analysis – November 12, 2019

by ForexCycle.com | November 12, 2019 12:41 pm
USDJPY moved sideways in a trading range between 108.64 and 109.48. As long as 108.64 support holds, the price action in the range could be treated as consolidation for the uptrend from 107.88, further rise to 110.00...

AUDUSD Daily Analysis – November 12, 2019

by ForexCycle.com | November 12, 2019 12:40 pm
AUDUSD extended its downside movement from 0.6929 to as low as 0.6831. Further decline would likely be seen in the coming days and next target would be at 0.6800 area. Near term resistance is at 0.6865, a...

GBPUSD Daily Analysis – November 12, 2019

by ForexCycle.com | November 12, 2019 12:39 pm
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.2975 had completed at 1.2768 already. Further rally would likely be seen and next target would be at 1.2960 area....

EURUSD Daily Analysis – November 12, 2019

by ForexCycle.com | November 12, 2019 12:38 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 downside movement could be expected to continue and next target would...