USDCAD Daily Analysis – May 22, 2019

by ForexCycle.com | May 22, 2019 2:55 am
USDCAD is facing 1.3376 support, a breakdown below this level could take the price to 1.3300 area. However, as long as 1.3376 support holds, the price action in the trading range between 1.3376 and 1.3520 could be...

USDJPY Daily Analysis – May 22, 2019

by ForexCycle.com | May 22, 2019 2:54 am
USDJPY broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 112.40 had completed at 109.01 already. Further rise could be expected and next target would be at 111.50 area. Key...

AUDUSD Daily Analysis – May 22, 2019

by ForexCycle.com | May 22, 2019 2:54 am
AUDUSD failed to break above the resistance of the price channel on the 4-hour chart, suggesting that the pair remains in the downtrend from 0.7068. Further decline could be expected and next target would be at 0.6800...

GBPUSD Daily Analysis – May 22, 2019

by ForexCycle.com | May 22, 2019 2:53 am
GBPUSD extended its downside movement from 1.3176 to as low as 1.2685. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next...

EURUSD Daily Analysis – May 22, 2019

by ForexCycle.com | May 22, 2019 2:52 am
EURUSD failed to break above the bearish trend line on the 4-hour chart, suggesting that the pair remains in the downtrend from 1.1263. As long as the trend line resistance holds, the downside movement could be expected...

USDCAD Daily Analysis – May 21, 2019

by ForexCycle.com | May 21, 2019 2:06 am
USDCAD moved sideways in a trading range between 1.3376 and 1.3520. Another fall towards 1.3376 support could be expected, a breakdown below this level could take the price to 1.3300 area. Near term resistance is at 1.3455,...

USDJPY Daily Analysis – May 21, 2019

by ForexCycle.com | May 21, 2019 2:05 am
USDJPY is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 109.01 could be treated as consolidation for the downtrend from 112.40, another...

AUDUSD Daily Analysis – May 21, 2019

by ForexCycle.com | May 21, 2019 2:04 am
AUDUSD is facing the top trend line of the price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 0.6864 could be treated as consolidation for the downtrend from 0.7068, one...

GBPUSD Daily Analysis – May 21, 2019

by ForexCycle.com | May 21, 2019 2:03 am
GBPUSD remains in the downtrend from 1.3176. Further decline could be expected after a minor consolidation and next target would be at 1.2700 area. Near term resistance is at 1.2780, a break of this level could bring...

EURUSD Daily Analysis – May 21, 2019

by ForexCycle.com | May 21, 2019 2:02 am
EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1263. As long as the price is below the trend line, the bounce from 1.1150 could be treated as consolidation...