USDCAD Daily Analysis – October 8, 2019

by ForexCycle.com | October 8, 2019 2:22 am
USDCAD broke below 1.3298 support, suggesting that the upside movement from 1.3205 had completed at 1.3347 already. Deeper decline could be expected in the coming days and next target would be at 1.3250 area. Resistance is at...

USDJPY Daily Analysis – October 8, 2019

by ForexCycle.com | October 8, 2019 2:21 am
USDJPY broke above 107.30 resistance, suggesting that the downside movement from 108.47 had completed at 106.48 already. Further rally could be expected in the coming days and next target would be at 108.00 area. Support is at...

AUDUSD Daily Analysis – October 8, 2019

by ForexCycle.com | October 8, 2019 2:21 am
AUDUSD broke below 0.6740 support, suggesting that the upside movement from 0.6670 had completed at 0.6773 already. Further decline could be expected in the coming days and next target would be at 0.6700 area. Near term resistance...

GBPUSD Daily Analysis – October 8, 2019

by ForexCycle.com | October 8, 2019 2:20 am
GBPUSD is facing 1.2260 support, a breakdown below this level could trigger another downside movement towards 1.2000. On the upside, as long as 1.2260 support holds, the fall from 1.2413 could be treated as consolidation for the...

EURUSD Daily Analysis – October 8, 2019

by ForexCycle.com | October 8, 2019 2:19 am
EURUSD moved sideways in a trading range between 1.0957 and 1.1000. As long as 1.0957 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.0879, further rise to 1.1050...

USDCAD Daily Analysis – October 7, 2019

by ForexCycle.com | October 7, 2019 2:52 am
USDCAD remains in the uptrend from 1.3205, the pullback from 1.3347 is likely consolidation for the uptrend. Further rise could be expected after the consolidation and next target would be at 1.3400 area. Near term support is...

USDJPY Daily Analysis – October 7, 2019

by ForexCycle.com | October 7, 2019 2:51 am
USDJPY remains in the downtrend from 108.47, the bounce from 106.48 is likely consolidation for the downtrend. As long as 107.30 resistance holds, the downside movement could be expected to continue and next target would be at...

AUDUSD Daily Analysis – October 7, 2019

by ForexCycle.com | October 7, 2019 2:50 am
AUDUSD is now in the uptrend from 0.6670, further rally could be expected after a minor consolidation and next target would be at 0.6800 area. Near term support is at 0.6740, below this level could bring the...

GBPUSD Daily Analysis – October 7, 2019

by ForexCycle.com | October 7, 2019 2:49 am
GBPUSD is now in the uptrend from 1.2205, further rally could be expected in the coming days and next target would be at 1.2500 area. Support is at 1.2260, only break below this level could trigger another...

EURUSD Daily Analysis – October 7, 2019

by ForexCycle.com | October 7, 2019 2:48 am
EURUSD extended its upside movement from 1.0879 to as high as 1.0999. As long as 1.0940 support holds, the upside movement could be expected to continue and next target would be at 1.1050 area. On the downside,...