USDCAD Daily Analysis – November 11, 2019

by ForexCycle.com | November 10, 2019 10:57 pm
USDCAD broke above 1.3207 resistance, suggesting that the uptrend from 1.3041 has resumed. Further rise would likely be seen in a couple of days and next target would be at 1.3280 area. Near term support is at...

USDJPY Daily Analysis – November 11, 2019

by ForexCycle.com | November 10, 2019 10:56 pm
USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 107.88. As long as the trend line support holds, the upside movement could be expected to continue and next target...

AUDUSD Daily Analysis – November 11, 2019

by ForexCycle.com | November 10, 2019 10:55 pm
AUDUSD broke below the support of the rising price channel on the 4-hour chart, suggesting that the upside movement from 0.6670 had completed at 0.6929 already. Further decline could be expected in the coming days and next...

GBPUSD Daily Analysis – November 11, 2019

by ForexCycle.com | November 10, 2019 10:54 pm
GBPUSD broke below 1.2788 support and extended its downside movement from 1.2975 to as low as 1.2768. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be...

EURUSD Daily Analysis – November 11, 2019

by ForexCycle.com | November 10, 2019 10:54 pm
EURUSD’s downside movement from 1.1175 extended to as low as 1.1016. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target...

USDCAD Daily Analysis – November 8, 2019

by ForexCycle.com | November 8, 2019 5:02 am
USDCAD is facing 1.3207 resistance, a break of this level would indicate that the upside movement from 1.3041 has resumed, then further rise to 1.3280 area could be seen. Near term support is at 1.3155, below this...

USDJPY Daily Analysis – November 8, 2019

by ForexCycle.com | November 8, 2019 5:01 am
USDJPY broke above 109.28 resistance, suggesting that the uptrend from 107.88 has resumed. Further rise could be expected in a couple of days and next target would be at 110.00. Support is now at 108.64, only a...

AUDUSD Daily Analysis – November 8, 2019

by ForexCycle.com | November 8, 2019 4:59 am
AUDUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 0.6670. As long as the channel support holds, the pullback from 0.6929 could be treated as consolidation for the uptrend,...

GBPUSD Daily Analysis – November 8, 2019

by ForexCycle.com | November 8, 2019 4:58 am
GBPUSD extended its downside movement from 1.2975 to as low as 1.2793. 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...

EURUSD Daily Analysis – November 8, 2019

by ForexCycle.com | November 8, 2019 4:56 am
EURUSD extended its downside movement from 1.1175 to as low as 1.1036. Further decline could be expected after a minor consolidation and next target would be at 1.0950 area. Resistance is at 1.1092, only break above this...