USDCAD Daily Analysis – November 7, 2019

by ForexCycle.com | November 7, 2019 1:47 am
USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the fall from 1.3207 had completed at 1.3114 already. Further rally would likely be seen in a couple of days and next target would...

USDJPY Daily Analysis – November 7, 2019

by ForexCycle.com | November 7, 2019 1:46 am
USDJPY failed to break above 109.28 resistance and pulled back to 108.80 area. Deeper decline would likely be seen and next target would be at 108.40 area. Resistance is at 109.28, only break above this level could...

AUDUSD Daily Analysis – November 7, 2019

by ForexCycle.com | November 7, 2019 1:43 am
AUDUSD’s fall from 0.6929 extended to as low as 0.6868. Deeper decline would likely be seen in the coming days and next target would be at 0.6840 area. However, as long as 0.6840 support holds, the fall...

GBPUSD Daily Analysis – November 7, 2019

by ForexCycle.com | November 7, 2019 1:38 am
GBPUSD stays below a falling trend line on the 4-hour chart and remains in the short term downtrend from 1.2975. As long as the trend line resistance holds, the downside movement could be expected to continue, further...

EURUSD Daily Analysis – November 7, 2019

by ForexCycle.com | November 7, 2019 1:37 am
EURUSD remains in the downtrend from 1.1175, further decline would likely be seen and next target would be at 1.1000 area. Near term resistance is at 1.1092, a break of this level could bring the price back...

USDCAD Daily Analysis – November 6, 2019

by ForexCycle.com | November 6, 2019 2:43 am
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3207. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...

USDJPY Daily Analysis – November 6, 2019

by ForexCycle.com | November 6, 2019 2:39 am
USDJPY is facing 109.28 resistance, a break of this level could trigger further upside movement towards 109.50. Near term support is at 108.90, below this level would indicate that the upside movement from 107.88 is complete, then...

AUDUSD Daily Analysis – November 6, 2019

by ForexCycle.com | November 6, 2019 2:38 am
AUDUSD is in consolidation for the uptrend from 0.6670. Range trading between 0.6840 and 0.6929 would likely be seen in a couple of days. As long as 0.6840 support holds, the uptrend could be expected to resume,...

GBPUSD Daily Analysis – November 6, 2019

by ForexCycle.com | November 6, 2019 2:37 am
GBPUSD moved sideways in a trading range between 1.2788 and 1.3012. As long as 1.2788 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.2195, further rise to 1.3100...

EURUSD Daily Analysis – November 6, 2019

by ForexCycle.com | November 6, 2019 2:33 am
EURUSD broke below 1.1073 support, suggesting that the upside movement from 1.0879 had completed at 1.1179 already. Further decline could be expected in the coming days and next target would be at 1.1000 area. Resistance levels are...