USDCAD Daily Analysis – September 24, 2019

by ForexCycle.com | September 24, 2019 5:22 am
USDCAD continued its sideways movement in a trading range between 1.3230 and 1.3309. As long as 1.3230 support holds, the price action in the trading range could be treated as consolidation for the uptrend from 1.3133, further...

USDJPY Daily Analysis – September 24, 2019

by ForexCycle.com | September 24, 2019 5:21 am
USDJPY broke below 107.49 support, suggesting that the upside movement from 104.44 had completed at 108.47 already. Further decline could be expected and next target would be at 106.00 area. Near term resistance is at 107.80, above...

AUDUSD Daily Analysis – September 24, 2019

by ForexCycle.com | September 24, 2019 5:19 am
AUDUSD stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 0.6894. As long as the channel resistance holds, the downside movement could be expected to continue and further decline to...

GBPUSD Daily Analysis – September 24, 2019

by ForexCycle.com | September 24, 2019 5:18 am
GBPUSD broke below the bottom support trend line of the price channel on the 4-hour chart, deeper decline to test 1.2392 support is possible, below this level would indicate that the upside movement from 1.1958 had completed...

EURUSD Daily Analysis – September 24, 2019

by ForexCycle.com | September 24, 2019 5:17 am
EURUSD broke below 1.0990 support and extended its downside movement from 1.1109 to as low as 1.0966. Further decline is still possible and next target would be at 1.0940 area. Near term resistance is at 1.1025, above...

USDCAD Daily Analysis – September 23, 2019

by ForexCycle.com | September 22, 2019 10:01 pm
USDCAD moved sideways in a trading range between 1.3230 and 1.3309. As long as 1.3230 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.3133, further rise to 1.3360 area is still...

USDJPY Daily Analysis – September 23, 2019

by ForexCycle.com | September 22, 2019 10:00 pm
USDJPY is facing 107.49 support, a breakdown below this level would indicate that the upside movement from 104.44 had completed at 108.47 already, then the following downside movement could bring the price back to 106.00 area. On...

AUDUSD Daily Analysis – September 23, 2019

by ForexCycle.com | September 22, 2019 9:59 pm
AUDUSD extended its downside movement from 0.6894 to as low as 0.6759. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...

GBPUSD Daily Analysis – September 23, 2019

by ForexCycle.com | September 22, 2019 9:59 pm
GBPUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.1958. As long as the channel support holds, the pullback from 1.2581 could be treated as consolidation for the uptrend,...

EURUSD Daily Analysis – September 23, 2019

by ForexCycle.com | September 22, 2019 9:58 pm
EURUSD is facing 1.0990 support, a breakdown below this level could trigger another fall to test 1.0925 support. However, as long as 1.0990 support holds, the price action from 1.1109 could be treated as consolidation for the...