USDCAD Daily Analysis – May 29, 2019

by ForexCycle.com | May 29, 2019 5:00 am
USDCAD is facing 1.3520 resistance once again. A breakout of this level would indicate that the uptrend from 1.3357 has resumed, then further rise to 1.3600 area could be seen. Support is at 1.3429, a breakdown below...

USDJPY Daily Analysis – May 29, 2019

by ForexCycle.com | May 29, 2019 4:59 am
USDJPY is facing 109.01 support, a breakdown below this level could take the price to 108.50 area. Resistance is at 109.74, a breakout of this level would indicate that that the downside movement from 110.67 has completed,...

AUDUSD Daily Analysis – May 29, 2019

by ForexCycle.com | May 29, 2019 4:58 am
AUDUSD is facing the key resistance at 0.6934. As long as this level holds, the sideways movement between 0.6864 and 0.6934 could be treated as consolidation for the downtrend from 0.7205, further decline to 0.6800 area is...

GBPUSD Daily Analysis – May 29, 2019

by ForexCycle.com | May 29, 2019 4:57 am
GBPUSD moved sideways in a trading range between 1.2604 and 1.2747. As long as 1.2747 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3176, a breakdown below 1.2604 support could trigger...

EURUSD Daily Analysis – May 29, 2019

by ForexCycle.com | May 29, 2019 4:56 am
EURUSD’s fall from 1.1215 extended to 1.1160 area. The fall is likely corrective consolidation for the uptrend from 1.1106. As long as 1.1160 support holds, the uptrend could be expected to resume and further rise to 1.1260...

USDCAD Daily Analysis – May 28, 2019

by ForexCycle.com | May 28, 2019 4:00 am
USDCAD remains in the short term uptrend from 1.3357, the pullback from 1.3502 is likely corrective consolidation for the uptrend. As long as 1.3400 support holds, the upside movement could be expected to resume, another rise to...

USDJPY Daily Analysis – May 28, 2019

by ForexCycle.com | May 28, 2019 3:59 am
USDJPY remains in the downtrend from 110.67. Further decline to test 109.01 support is possible, a breakdown below this level could take the price to 108.50 area. Resistance is at 109.75, a break of this level could...

AUDUSD Daily Analysis – May 28, 2019

by ForexCycle.com | May 28, 2019 3:58 am
AUDUSD is testing the resistance at 0.6934, as long as this level holds, the price action in the trading range between 0.6864 and 0.6934 could be treated as consolidation for the downtrend from 0.7205, another fall towards...

GBPUSD Daily Analysis – May 28, 2019

by ForexCycle.com | May 28, 2019 3:57 am
GBPUSD is in consolidation for the downtrend from 1.3176. Range trading between 1.2604 and 1.2813 is possible over the next several days. As long as 1.2813 resistance holds, the downtrend could be expected to resume and further...

EURUSD Daily Analysis – May 28, 2019

by ForexCycle.com | May 28, 2019 3:57 am
EURUSD remains in the uptrend from 1.1106, the pullback from 1.1215 is likely corrective consolidation for the uptrend. Range trading between 1.1160 and 1.1215 would likely be seen in a couple of days. As long as 1.1160...