USDCAD Daily Analysis – October 17, 2019

by ForexCycle.com | October 16, 2019 11:11 pm
USDCAD moved sideways in a trading range between 1.3170 and 1.3239. The sideways movement is likely consolidation for the downtrend from 1.3347, further decline to 1.3100 area is still possible after the consolidation. Key resistance is at...

USDJPY Daily Analysis – October 17, 2019

by ForexCycle.com | October 16, 2019 11:10 pm
USDJPY stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 106.48. As long as the channel support holds, the upside movement could be expected to continue and next target would...

AUDUSD Daily Analysis – October 17, 2019

by ForexCycle.com | October 16, 2019 11:09 pm
AUDUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 0.6810. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...

GBPUSD Daily Analysis – October 17, 2019

by ForexCycle.com | October 16, 2019 11:09 pm
GBPUSD extended its upside movement from 1.2195 to as high as 1.2876. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next...

EURUSD Daily Analysis – October 17, 2019

by ForexCycle.com | October 16, 2019 11:08 pm
After consolidation, EURUSD broke above 1.1062 resistance and extended its upside movement from 1.0879 to as high as 1.1085. As long as the price is in the bullish price channel on the 4-hour chart, the upside movement...

USDCAD Daily Analysis – October 16, 2019

by ForexCycle.com | October 16, 2019 3:30 am
USDCAD remains in the downtrend from 1.3347, the bounce from 1.3170 is likely consolidation for the downtrend. Range trading between 1.3170 and 1.3260 would likely be seen in a couple of days. Resistance is at 1.3260, as...

USDJPY Daily Analysis – October 16, 2019

by ForexCycle.com | October 16, 2019 3:29 am
USDJPY extended its upside movement from 106.48 to as high as 108.89. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next...

AUDUSD Daily Analysis – October 16, 2019

by ForexCycle.com | October 16, 2019 3:28 am
AUDUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 0.6670 had completed at 0.6810 already. Deeper decline could be expected and next target would be at 0.6650 area. Near...

GBPUSD Daily Analysis – October 16, 2019

by ForexCycle.com | October 16, 2019 3:28 am
GBPUSD broke above 1.2707 resistance and extended its upside movement from 1.2195 to as high as 1.2799. The upside movement could be expected to continue after a minor consolidation and next target would be at 1.2900 area....