USDCAD Daily Analysis – October 24, 2019

by ForexCycle.com | October 24, 2019 1:52 am
USDCAD broke below 1.3070 support, suggesting that the downtrend from 1.3347 has resumed. 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...

USDJPY Daily Analysis – October 24, 2019

by ForexCycle.com | October 24, 2019 1:51 am
USDJPY stays in a trading range between 108.03 and 108.93. As long as 108.03 support holds, the price action in the range could be treated as consolidation for the uptrend from 106.48, further rise to 109.50 area...

AUDUSD Daily Analysis – October 24, 2019

by ForexCycle.com | October 24, 2019 1:50 am
AUDUSD is now in the downtrend from 0.6882, further decline would likely be seen and next target would be at 0.6800 area. Resistance levels are at 0.6865 and 0.6882, only break above these levels could trigger another...

GBPUSD Daily Analysis – October 24, 2019

by ForexCycle.com | October 24, 2019 1:50 am
GBPUSD failed to break below 1.2839 support, suggesting that the pair remains in the uptrend from 1.2195. As long as 1.2839 support holds, the uptrend could be expected to resume, further rise towards 1.3150 is still possible....

EURUSD Daily Analysis – October 24, 2019

by ForexCycle.com | October 24, 2019 1:49 am
EURUSD broke below 1.1110 support, suggesting that lengthier consolidation for the uptrend from 1.0879 is underway. Deeper decline would likely be seen and the target would be at the bullish trend line on the 4-hour chart. However,...

USDCAD Daily Analysis – October 23, 2019

by ForexCycle.com | October 22, 2019 11:06 pm
USDCAD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3347. As long as the trend line resistance holds, the bounce from 1.3070 could be treated as consolidation for the...

USDJPY Daily Analysis – October 23, 2019

by ForexCycle.com | October 22, 2019 11:05 pm
USDJPY remains in the uptrend from 106.48, the pullback from 108.93 is likely consolidation for the uptrend. As long as 108.03 support holds, the upside movement could be expected to resume, further rise to 109.50 area is...

AUDUSD Daily Analysis – October 23, 2019

by ForexCycle.com | October 22, 2019 11:05 pm
AUDUSD broke below 0.6860 support, suggesting that the upside movement from 0.6723 had completed at 0.6882 already. Further decline could be expected in the coming days and next target would be at 0.6820 area. Resistance is at...

GBPUSD Daily Analysis – October 23, 2019

by ForexCycle.com | October 22, 2019 11:04 pm
GBPUSD broke below the rising trend line on the 4-hour chart and is now facing 1.2839 support, a breakdown below this level would indicate that the uptrend from 1.2195 had completed at 1.3012 already, then further decline...

EURUSD Daily Analysis – October 23, 2019

by ForexCycle.com | October 22, 2019 11:03 pm
EURUSD is facing 1.1110 support. As long as this level holds, the uptrend from 1.0879 could be expected to continue and next target would be at 1.1250 area. On the downside, a breakdown below 1.1110 support would...