USDCAD Daily Analysis – November 1, 2019

by ForexCycle.com | November 1, 2019 4:24 am
USDCAD remains in the uptrend from 1.3041, the pullback from 1.3207 is likely corrective consolidation for the uptrend. As long as 1.3135 support holds, the uptrend could be expected to resume, further rise to 1.3270 area is...

USDJPY Daily Analysis – November 1, 2019

by ForexCycle.com | November 1, 2019 4:23 am
USDJPY extended its downside movement from 109.28 to as low as 107.88, breaking below 108.25 support. Further decline is still possible after a minor consolidation and next target would be at 107.50 area. Near term resistance is...

AUDUSD Daily Analysis – November 1, 2019

by ForexCycle.com | November 1, 2019 4:22 am
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6809. As long as the trend line support holds, the pullback from 0.6929 could be treated as consolidation for the...

GBPUSD Daily Analysis – November 1, 2019

by ForexCycle.com | November 1, 2019 4:22 am
GBPUSD’s upside movement from 1.2788 extended to as high as 1.2975. 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 target...

EURUSD Daily Analysis – November 1, 2019

by ForexCycle.com | November 1, 2019 4:21 am
EURUSD is facing 1.1179 resistance, a break of this level would indicate that the uptrend from 1.0879 has resumed, then further rise to 1.1250 area could be seen. Near term support is at 1.1130, below this level...

USDCAD Daily Analysis – October 31, 2019

by ForexCycle.com | October 31, 2019 1:46 am
USDCAD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 1.3347 had completed at 1.3041 already. Further rally would likely be seen and next target would be at 1.370 area....

USDJPY Daily Analysis – October 31, 2019

by ForexCycle.com | October 31, 2019 1:46 am
USDJPY broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 108.25 had completed at 109.28 already. Further decline would likely be seen and next target would be at 108.40 area....

AUDUSD Daily Analysis – October 31, 2019

by ForexCycle.com | October 31, 2019 1:45 am
AUDUSD’s upside movement from 0.6809 extended to as high as 0.6917. Further rise would likely be seen after a minor consolidation and next target would be at 0.6950 area. Near term support is at 0.6890, a breakdown...

GBPUSD Daily Analysis – October 31, 2019

by ForexCycle.com | October 31, 2019 1:44 am
GBPUSD extended its upside movement from 1.2788 to as high as 1.2915. Further rise could be expected in the coming days and next target would be at 1.2980 area. Near term support is at 1.2840, below this...

EURUSD Daily Analysis – October 31, 2019

by ForexCycle.com | October 31, 2019 1:43 am
EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the short term downtrend from 1.1179 had completed at 1.1073 already. Further rally to test 1.1179 resistance would likely be seen, above this level...