USDCAD Daily Analysis – December 6, 2019

by ForexCycle.com | December 6, 2019 3:25 am
USDCAD’s downside movement from 1.3320 extended to as low as 1.3158. Further decline is still possible after a minor consolidation and next target would be at 1.3100 area. Near term resistance is at 1.3190, above this level...

USDJPY Daily Analysis – December 6, 2019

by ForexCycle.com | December 6, 2019 3:24 am
USDJPY stays in a rising price channel on the 4-hour chart. Another rise towards 110.00 would likely be seen over the next several days. Support is at 108.42, only a breakdown below this level would confirm that...

AUDUSD Daily Analysis – December 6, 2019

by ForexCycle.com | December 6, 2019 3:23 am
AUDUSD moved sideways in a trading range between 0.6812 and 0.6861. As long as 0.6812 support holds, the sideways move could be treated as consolidation for the uptrend from 0.6754, further rise to 0.6900 area is possible...

GBPUSD Daily Analysis – December 6, 2019

by ForexCycle.com | December 6, 2019 3:23 am
GBPUSD’s upside movement from 1.2822 extended to as high as 1.3165. Further rise is still possible after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.3085, a breakdown below...

EURUSD Daily Analysis – December 6, 2019

by ForexCycle.com | December 6, 2019 3:22 am
EURUSD is facing 1.1116 resistance, a break of this level would indicate that the upside movement from 1.0981 has resumed, then next target would be at 1.1150 area. Key support is at 1.1065, below this level could...

USDCAD Daily Analysis – December 5, 2019

by ForexCycle.com | December 5, 2019 3:22 am
USDCAD dropped sharply to 1.3180 area, breaking below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.3041 had completed at 1.3327 already. Further decline could be expected after a minor consolidation...

USDJPY Daily Analysis – December 5, 2019

by ForexCycle.com | December 5, 2019 3:21 am
USDJPY broke above 108.85 resistance, suggesting that the downside movement from 109.72 had completed at 108.42 already. Further rally could be expected in the coming days and next target would be at 109.50 area. Support is located...

AUDUSD Daily Analysis – December 5, 2019

by ForexCycle.com | December 5, 2019 3:20 am
AUDUSD remains in the uptrend from 0.6754, the pullback from 0.6861 is likely consolidation for the uptrend. As long as 0.6800 support holds, the upside movement could be expected to resume, and further rise to 0.6900 area...

GBPUSD Daily Analysis – December 5, 2019

by ForexCycle.com | December 5, 2019 3:19 am
GBPUSD extended its upside movement from 1.2822 to as high as 1.3120. Further rise would likely be seen after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.3050, below...

EURUSD Daily Analysis – December 5, 2019

by ForexCycle.com | December 5, 2019 3:18 am
EURUSD extended its upside movement from 1.0981 to as high as 1.1116, breaking above 1.1097 resistance. Near term support is at 1.1065, as long as this level holds, the upside movement could be expected to continue and...