USDCAD Daily Analysis – October 25, 2019

by ForexCycle.com | October 25, 2019 1:39 am
USDCAD extended its downside movement from 1.3347 to as low as 1.3052. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...

USDJPY Daily Analysis – October 25, 2019

by ForexCycle.com | October 25, 2019 1:37 am
USDJPY continued its sideways movement in a trading range between 108.03 and 108.93. The sideways move is likely consolidation for the uptrend from 106.48, further rise to 109.50 area is still possible after the consolidation. Only break...

AUDUSD Daily Analysis – October 25, 2019

by ForexCycle.com | October 25, 2019 1:36 am
AUDUSD extended its downside movement from 0.6882 to as low as 0.6810. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next...

GBPUSD Daily Analysis – October 25, 2019

by ForexCycle.com | October 25, 2019 1:35 am
GBPUSD broke below 1.2839 support, suggesting that the upside movement from 1.2195 had completed at 1.3012 already. Resistance is now located at the top trend line of the price channel on the 4-hour chart. As long as...

EURUSD Daily Analysis – October 25, 2019

by ForexCycle.com | October 25, 2019 1:34 am
EURUSD’s pullback from 1.1179 extended to as low as 1.1093, facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback could be treated as consolidation...

USDCAD Daily Analysis – October 24, 2019

by ForexCycle.com | October 24, 2019 1:52 am
USDCAD broke below 1.3070 support, suggesting that the downtrend from 1.3347 has resumed. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and...

USDJPY Daily Analysis – October 24, 2019

by ForexCycle.com | October 24, 2019 1:51 am
USDJPY stays in a trading range between 108.03 and 108.93. As long as 108.03 support holds, the price action in the range could be treated as consolidation for the uptrend from 106.48, further rise to 109.50 area...

AUDUSD Daily Analysis – October 24, 2019

by ForexCycle.com | October 24, 2019 1:50 am
AUDUSD is now in the downtrend from 0.6882, further decline would likely be seen and next target would be at 0.6800 area. Resistance levels are at 0.6865 and 0.6882, only break above these levels could trigger another...

GBPUSD Daily Analysis – October 24, 2019

by ForexCycle.com | October 24, 2019 1:50 am
GBPUSD failed to break below 1.2839 support, suggesting that the pair remains in the uptrend from 1.2195. As long as 1.2839 support holds, the uptrend could be expected to resume, further rise towards 1.3150 is still possible....

EURUSD Daily Analysis – October 24, 2019

by ForexCycle.com | October 24, 2019 1:49 am
EURUSD broke below 1.1110 support, suggesting that lengthier consolidation for the uptrend from 1.0879 is underway. Deeper decline would likely be seen and the target would be at the bullish trend line on the 4-hour chart. However,...