EURUSD Daily Analysis – October 14, 2019

by ForexCycle.com | October 14, 2019 3:01 am
EURUSD extended its upside movement from 1.0879 to as high as 1.1062. As long as the price is in the rising price channel on the 4-hour chart, the pullback from 1.1062 could be treated as consolidation for...

USDCAD Weekly Analysis – October 13, 2019

by ForexCycle.com | October 13, 2019 3:29 am
USDCAD failed to break above 1.3382 resistance and stayed in a trading range between 1.3133 and 1.3382. A breakdown below 1.3133 support could trigger another fall towards 1.2900. Resistance is at 1.3382, above here would aim 1.3500...

USDJPY Weekly Analysis – October 13, 2019

by ForexCycle.com | October 13, 2019 3:29 am
USDJPY broke above 108.47 resistance, suggesting that the uptrend from 104.44 has resumed. Further rally could be expected in a couple of weeks and next target would be at 111.00 area. Support is at 106.48, only break...

AUDUSD Weekly Analysis – October 13, 2019

by ForexCycle.com | October 13, 2019 3:28 am
AUDUSD is in consolidation for the downtrend from 0.7295. Another rise towards the bearish trend line on the daily chart would likely be seen in the coming days. As long as the trend line resistance holds, the...

GBPUSD Weekly Analysis – October 13, 2019

by ForexCycle.com | October 13, 2019 3:26 am
GBPUSD extended its upside movement from 1.1958 to as high as 1.2707. Further rise could be expected after a minor consolidation and next target would be at 1.3000 area. Near term support is at 1.2530, below this...

EURUSD Weekly Analysis – October 13, 2019

by ForexCycle.com | October 13, 2019 3:25 am
EURUSD broke above the bearish price channel on the daily chart. Further rise to test 1.1109 resistance is possible next week, above this level would indicate that the downtrend from 1.1412 had completed at 1.0879 already, then...

USDCAD Daily Analysis – October 11, 2019

by ForexCycle.com | October 11, 2019 3:19 am
USDCAD broke below 1.3287 support, suggesting that the uptrend from 1.3205 had completed at 1.3347 already. Deeper decline could be expected in the coming days and next target would be at 1.3230 area. Resistance is at 1.3320,...

USDJPY Daily Analysis – October 11, 2019

by ForexCycle.com | October 11, 2019 3:19 am
USDJPY extended its upside movement from 106.48 to as high as 108.13. Further rise is still possible in a couple of days and next target would be at 108.50 area. Near term support is at 107.60, below...

AUDUSD Daily Analysis – October 11, 2019

by ForexCycle.com | October 11, 2019 3:18 am
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the short term downtrend from 0.6773 had completed at 0.6709 already. Another rise towards 0.6800 could be expected in the coming days. Near term...

GBPUSD Daily Analysis – October 11, 2019

by ForexCycle.com | October 11, 2019 3:17 am
GBPUSD bounced strongly to 1.2470 area, suggesting that the downtrend from 1.2581 had completed at 1.2195 already. Further rally could be expected after a minor consolidation and next target would be at 1.2600 area. Support is at...