USDCAD Daily Analysis – May 31, 2019

by ForexCycle.com | May 31, 2019 3:42 am
USDCAD remains in the uptrend from 1.3357, a breakout of 1.3546 resistance could trigger further upside movement to 1.3600 area. Support is at 1.3480, a breakdown below this level could bring the price back towards 1.3430.

USDJPY Daily Analysis – May 31, 2019

by ForexCycle.com | May 31, 2019 3:41 am
USDJPY is facing 109.01 support once again. A breakdown below this level could trigger further downside movement towards 108.50. Resistance is at 109.92, only break above this level could bring the price back towards 110.50.

AUDUSD Daily Analysis – May 31, 2019

by ForexCycle.com | May 31, 2019 3:40 am
AUDUSD failed to break above 0.6934 resistance and stayed in a trading range between 0.6864 and 0.6934. As long as 0.6934 resistance holds, the price action in the range could be treated as consolidation for the downtrend...

GBPUSD Daily Analysis – May 31, 2019

by ForexCycle.com | May 31, 2019 3:39 am
GBPUSD broke below 1.2604 support, suggesting that the downtrend from 1.3176 has resumed. Further decline could be expected and next target would be at 1.2550 area. Near term resistance is at 1.2640, a break of this level...

EURUSD Daily Analysis – May 31, 2019

by ForexCycle.com | May 31, 2019 3:39 am
EURUSD is facing 1.1106 support. A breakdown below this level could take the price to next support level at around 1.1030. Near term resistance is at 1.1155, a break of this level would indicate that corrective consolidation...

USDCAD Daily Analysis – May 30, 2019

by ForexCycle.com | May 30, 2019 2:40 am
USDCAD extended its upside movement from 1.3357 to as high as 1.3546, breaking above 1.3520 key resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3600 area. Near term support...

USDJPY Daily Analysis – May 30, 2019

by ForexCycle.com | May 30, 2019 2:39 am
USDJPY moved sideways in a trading range between 109.15 and 109.74. As long as 109.74 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 110.67, further decline towards 108.50...

AUDUSD Daily Analysis – May 30, 2019

by ForexCycle.com | May 30, 2019 2:39 am
AUDUSD is testing 0.6934 key resistance. A breakout of this level could take the price to 0.7000 area. On the downside, as long as 0.6934 resistance holds, the price action in the trading range between 0.6864 and...

GBPUSD Daily Analysis – May 30, 2019

by ForexCycle.com | May 30, 2019 2:38 am
GBPUSD is facing 1.2604 support, a breakdown below this level could signal resumption of the downtrend from 1.3176, then further decline to 1.2500 area could be seen. Near term resistance is at 1.2670, a break of this...

EURUSD Daily Analysis – May 30, 2019

by ForexCycle.com | May 30, 2019 2:37 am
EURUSD extended its downside movement from 1.1215 to as low as 1.1124. Further decline to test 1.1106 support is still possible in the coming days, a breakdown below this level could take the price to next support...