USDCAD Daily Analysis – October 30, 2019

by ForexCycle.com | October 30, 2019 3:27 am
USDCAD is facing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.3041 could be treated as consolidation for the downtrend from 1.3347, further decline...

USDJPY Daily Analysis – October 30, 2019

by ForexCycle.com | October 30, 2019 3:26 am
USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 108.25. As long as the trend line support holds, the upside movement could be expected to continue and next target...

AUDUSD Daily Analysis – October 30, 2019

by ForexCycle.com | October 30, 2019 3:26 am
AUDUSD extended its upside movement from 0.6809 to as high as 0.6871. Further rise is still possible in the coming days and next target would be at 0.6900 area. Near term support is at 0.6845, below this...

GBPUSD Daily Analysis – October 30, 2019

by ForexCycle.com | October 30, 2019 3:25 am
GBPUSD broke above the falling price channel on the 4-hour chart, suggesting that the downtrend from 1.3012 had completed at 1.2788 already. Further rally would likely be seen and next target would be at 1.2980 area. Support...

EURUSD Daily Analysis – October 30, 2019

by ForexCycle.com | October 30, 2019 3:24 am
EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the uptrend from 1.0879 had completed at 1.1179 already. Further decline would likely be seen in the coming days and next target would be...

USDCAD Daily Analysis – October 29, 2019

by ForexCycle.com | October 29, 2019 12:27 am
USDCAD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3347. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

USDJPY Daily Analysis – October 29, 2019

by ForexCycle.com | October 29, 2019 12:26 am
USDJPY broke above 108.93 resistance, suggesting that the uptrend from 106.48 has resumed. 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...

AUDUSD Daily Analysis – October 29, 2019

by ForexCycle.com | October 29, 2019 12:25 am
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 0.6882 had completed at 0.6809 already. Further rally could be expected and next target would be at 0.6860 area. Support...

GBPUSD Daily Analysis – October 29, 2019

by ForexCycle.com | October 29, 2019 12:24 am
GBPUSD is facing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2788 could be treated as consolidation for the downtrend from 1.3012, further decline...

EURUSD Daily Analysis – October 29, 2019

by ForexCycle.com | October 29, 2019 12:23 am
EURUSD failed to break below the bullish trend line on the 4-hour chart and rebounded from 1.1073. Further rally to test 1.1125 resistance is possible, a breakout of this level could trigger another rise towards 1.1200. On...