USDCAD Daily Analysis – January 23, 2019

by ForexCycle.com | January 23, 2019 3:38 am
USDCAD broke above 1.3322 resistance, suggesting that lengthier correction for the downtrend from 1.3664 is needed. Further rally could be expected and next target would be at 1.3400 area. Support is located at the bottom of the...

USDJPY Daily Analysis – January 23, 2019

by ForexCycle.com | January 23, 2019 3:37 am
USDJPY is facing 109.88 resistance, a break of this level could trigger further upside movement to 110.40 area. Key support is now at 109.14, a breakdown below this level could bring the price back to 107.50 zone.

AUDUSD Daily Analysis – January 23, 2019

by ForexCycle.com | January 23, 2019 3:36 am
AUDUSD continued its downside movement from 0.7235 and the fall extended to as low as 0.7115. Deeper decline to test 0.7100 support is still possible. As long as this level holds, the downside movement could be treated...

GBPUSD Daily Analysis – January 23, 2019

by ForexCycle.com | January 23, 2019 3:35 am
GBPUSD is facing the resistance at 1.3000, a break of this level would indicate that the upside movement from 1.2396 has resumed, then next target would be at 1.3100 area. Support is located at the bullish trend...

EURUSD Daily Analysis – January 23, 2019

by ForexCycle.com | January 23, 2019 3:34 am
EURUSD remains in the downtrend from 1.1570, the bounce from 1.1336 is likely consolidation for the downtrend. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be...

GBPUSD: Options And Futures Analysis For January 22, 2019

by Assistant Traders | January 22, 2019 9:15 am
    The closest important resistance level on the daily timeframe is the monthly heder resistance level at 1.3055.     When the asset quotes are fixed above the indicated option resistance level, the next goal is to increase the option...

USDCAD Daily Analysis – January 22, 2019

by ForexCycle.com | January 22, 2019 2:36 am
USDCAD is facing 1.3322 resistance once again, a break of this level could take the price to next resistance level at 1.3400. Support is at 1.3179, below this level would indicate that the downtrend has resumed, then...

USDJPY Daily Analysis – January 22, 2019

by ForexCycle.com | January 22, 2019 2:35 am
USDJPY stays above the bullish trend line on the 4-hour chart and remains in the uptrend from 107.76. As long as the trend line support holds, the upside movement could be expected to continue and next target...

AUDUSD Daily Analysis – January 22, 2019

by ForexCycle.com | January 22, 2019 2:35 am
AUDUSD’s fall from 0.7235 extended to as low as 0.7140. Deeper decline is still possible and next target would be at 0.7100 area. As long as 0.7100 support holds, the uptrend could be expected to resume, a...

GBPUSD Daily Analysis – January 22, 2019

by ForexCycle.com | January 22, 2019 2:33 am
GBPUSD stays above the bullish trend line on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.2396. As long as the trend line support holds, the upside movement could be expected to continue...