USDJPY Daily Analysis – November 20, 2018

by ForexCycle.com | November 20, 2018 4:58 am
USDJPY’s downside movement from 114.20 extended to as low as 112.39. Further decline is still possible and next target would be at 111.50 area. Resistance is at 113.00, only a break of this level could bring the...

AUDUSD Daily Analysis – November 20, 2018

by ForexCycle.com | November 20, 2018 4:58 am
AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.7164 had completed at 0.7337 already. Deeper decline is possible and next target would be at 0.7200 area. Near term...

GBPUSD Daily Analysis – November 20, 2018

by ForexCycle.com | November 20, 2018 4:57 am
GBPUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3174. As long as the trend line resistance holds, the bounce from 1.2723 could be treated as consolidation for the...

EURUSD Daily Analysis – November 20, 2018

by ForexCycle.com | November 20, 2018 4:56 am
EURUSD’s upside movement from 1.1215 extended to as high as 1.1464. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target...

USDCAD Daily Analysis – November 19, 2018

by ForexCycle.com | November 19, 2018 2:35 am
USDCAD is testing the support of the price channel on the 4-hour chart. A breakdown below the channel support would indicate that the upside movement from 1.2782 had completed at 1.3263 already, then deeper decline to 1.3050...

USDJPY Daily Analysis – November 19, 2018

by ForexCycle.com | November 19, 2018 2:35 am
USDJPY extended its downside movement from 114.20 to as low as 112.60. Further decline is still possible and next target would be at 112.00 area. Resistance is at 113.20, only a break of this level could bring...

AUDUSD Daily Analysis – November 19, 2018

by ForexCycle.com | November 19, 2018 2:34 am
AUDUSD broke above 0.7302 resistance and extended its upside movement from 0.7164 to as high as 0.7337. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be...

GBPUSD Daily Analysis – November 19, 2018

by ForexCycle.com | November 19, 2018 2:34 am
GBPUSD failed to break below 1.2695 support and rebounded from 1.2723. However another fall to test 1.2695 is still possible and a breakdown could trigger further downside movement towards 1.2550 area. Resistance is at 1.2950, only a...

EURUSD Daily Analysis – November 19, 2018

by ForexCycle.com | November 19, 2018 2:33 am
EURUSD continued its upside movement from 1.1215 and the rise extended to as high as 1.1421. Further rise is still possible and next target would be at 1.1500 area. Near term support is at the rising trend...

USDCAD Daily Analysis – November 16, 2018

by ForexCycle.com | November 16, 2018 3:22 am
USDCAD is facing the support of the price channel on the 4-hour chart. As long as the channel support holds, the pullback from 1.3263 could be treated as consolidation for the uptrend and another rise towards 1.3300...