USDCAD Daily Analysis – November 5, 2019

by ForexCycle.com | November 5, 2019 3:55 am
USDCAD broke below 1.3135 support, suggesting that the upside movement from 1.3041 had completed at 1.3207 already. Further decline would likely be seen in the coming days and next target would be at 1.3080 area. Resistance is...

USDJPY Daily Analysis – November 5, 2019

by ForexCycle.com | November 5, 2019 3:54 am
USDJPY’s bounce from 107.88 extended to as high as 108.79. Further rise could be expected and next target would be at 109.28 resistance. Near term support is at 108.40, below this level could trigger another fall towards...

AUDUSD Daily Analysis – November 5, 2019

by ForexCycle.com | November 5, 2019 3:53 am
AUDUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 0.6809 had completed at 0.6929 already. Deeper decline could be expected in the coming days and next target would be...

GBPUSD Daily Analysis – November 5, 2019

by ForexCycle.com | November 5, 2019 3:52 am
GBPUSD failed to break above 1.3012 resistance and pulled back from 1.2975, breaking below the rising trend line on the 4-hour chart. Further decline would likely be seen in the coming days and next target would be...

EURUSD Daily Analysis – November 5, 2019

by ForexCycle.com | November 5, 2019 3:50 am
EURUSD failed to break above 1.1179 resistance and pulled back to 1.1120 area. Deeper decline would likely be seen in the coming days and next target would be at 1.1073 support, below here could signal completion of...

USDCAD Daily Analysis – November 4, 2019

by ForexCycle.com | November 4, 2019 2:19 am
USDCAD is facing 1.3135 support, a breakdown below this level would indicate that the upside movement from 1.3041 had completed at 1.3207 already, then the pair would find next support at around 1.3080. However, as long as...

USDJPY Daily Analysis – November 4, 2019

by ForexCycle.com | November 4, 2019 2:18 am
USDJPY remains in the downtrend from 109.28, the bounce from 107.88 is likely consolidation for the downtrend. Resistance levels are at 108.35 and 108,60, as long as these levels hold, the downside movement could be expected to...

AUDUSD Daily Analysis – November 4, 2019

by ForexCycle.com | November 4, 2019 2:17 am
AUDUSD remains in the uptrend from 0.6809, the pullback from 0.6929 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be...

GBPUSD Daily Analysis – November 4, 2019

by ForexCycle.com | November 4, 2019 2:17 am
GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2788. As long as the trend line support holds, the upside movement could be expected to continue and next target...

EURUSD Daily Analysis – November 4, 2019

by ForexCycle.com | November 4, 2019 2:16 am
EURUSD is facing the resistance level at 1.1179, a breakout of this level could trigger further upside movement towards 1.1200. Near term support is at 1.1130, below this level could bring the price back towards 1.1070.