USDJPY Daily Analysis – November 6, 2019

by ForexCycle.com | November 6, 2019 2:39 am
USDJPY is facing 109.28 resistance, a break of this level could trigger further upside movement towards 109.50. Near term support is at 108.90, below this level would indicate that the upside movement from 107.88 is complete, then...

AUDUSD Daily Analysis – November 6, 2019

by ForexCycle.com | November 6, 2019 2:38 am
AUDUSD is in consolidation for the uptrend from 0.6670. Range trading between 0.6840 and 0.6929 would likely be seen in a couple of days. As long as 0.6840 support holds, the uptrend could be expected to resume,...

GBPUSD Daily Analysis – November 6, 2019

by ForexCycle.com | November 6, 2019 2:37 am
GBPUSD moved sideways in a trading range between 1.2788 and 1.3012. As long as 1.2788 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.2195, further rise to 1.3100...

EURUSD Daily Analysis – November 6, 2019

by ForexCycle.com | November 6, 2019 2:33 am
EURUSD broke below 1.1073 support, suggesting that the upside movement from 1.0879 had completed at 1.1179 already. Further decline could be expected in the coming days and next target would be at 1.1000 area. Resistance levels are...

USDCAD Daily Analysis – November 5, 2019

by ForexCycle.com | November 5, 2019 3:55 am
USDCAD broke below 1.3135 support, suggesting that the upside movement from 1.3041 had completed at 1.3207 already. Further decline would likely be seen in the coming days and next target would be at 1.3080 area. Resistance is...

USDJPY Daily Analysis – November 5, 2019

by ForexCycle.com | November 5, 2019 3:54 am
USDJPY’s bounce from 107.88 extended to as high as 108.79. Further rise could be expected and next target would be at 109.28 resistance. Near term support is at 108.40, below this level could trigger another fall towards...

AUDUSD Daily Analysis – November 5, 2019

by ForexCycle.com | November 5, 2019 3:53 am
AUDUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 0.6809 had completed at 0.6929 already. Deeper decline could be expected in the coming days and next target would be...

GBPUSD Daily Analysis – November 5, 2019

by ForexCycle.com | November 5, 2019 3:52 am
GBPUSD failed to break above 1.3012 resistance and pulled back from 1.2975, breaking below the rising trend line on the 4-hour chart. Further decline would likely be seen in the coming days and next target would be...

EURUSD Daily Analysis – November 5, 2019

by ForexCycle.com | November 5, 2019 3:50 am
EURUSD failed to break above 1.1179 resistance and pulled back to 1.1120 area. Deeper decline would likely be seen in the coming days and next target would be at 1.1073 support, below here could signal completion of...

USDCAD Daily Analysis – November 4, 2019

by ForexCycle.com | November 4, 2019 2:19 am
USDCAD is facing 1.3135 support, a breakdown below this level would indicate that the upside movement from 1.3041 had completed at 1.3207 already, then the pair would find next support at around 1.3080. However, as long as...