USDCAD Daily Analysis – December 9, 2019

by ForexCycle.com | December 9, 2019 12:31 am
USDCAD bounced strongly from 1.3158 to as high as 1.3269. Further rise is still possible after a minor consolidation and next target would be at 1.3300 area. Near term support is at 1.3225, below this level could...

USDJPY Daily Analysis – December 9, 2019

by ForexCycle.com | December 9, 2019 12:30 am
USDJPY is facing the support of the rising price channel on the 4-hour chart. A breakdown below the channel support would indicate that the upside movement from 104.44 (Aug 26 low) had completed at 109.72 already, then...

AUDUSD Daily Analysis – December 9, 2019

by ForexCycle.com | December 9, 2019 12:30 am
AUDUSD stays in a narrow range between 0.6812 and 0.6861. As long as 0.6812 support holds, the price action in the range could be treated as consolidation for the uptrend from 0.6754, a breakout of 0.6861 resistance...

GBPUSD Daily Analysis – December 9, 2019

by ForexCycle.com | December 9, 2019 12:29 am
GBPUSD extended its upside move from 1.2822 to as high as 1.3166. As long as the price is in the bullish price channel on the 4-hour chart, the pullback from 1.3166 could be treated as consolidation for...

EURUSD Daily Analysis – December 9, 2019

by ForexCycle.com | December 9, 2019 12:28 am
EURUSD broke below 1.1065 support, suggesting that the upside movement from 1.0981 had completed at 1.1116 already. Further decline would likely be seen in the coming days and next target would be at 1.1015 area. Resistance is...

USDCAD Weekly Analysis – December 8, 2019

by ForexCycle.com | December 8, 2019 10:36 am
USDCAD failed to break above 1.3382 resistance and pulled back from 1.3327, breaking below the rising trend line on the daily chart. Another fall would likely be seen over the next several day and the target would...

USDJPY Weekly Analysis – December 8, 2019

by ForexCycle.com | December 8, 2019 10:35 am
USDJPY broke below the rising price channel on the daily chart. Deeper decline to test 107.88 support would likely be seen next week, a breakdown below this level would indicate that the upside movement from 104.44 had...

AUDUSD Weekly Analysis – December 8, 2019

by ForexCycle.com | December 8, 2019 10:35 am
AUDUSD stays below a falling trend line on the daily chart and remains in the downtrend from 0.7295. As long as the trend line resistance holds, the price action in the trading range between 0.6670 and 0.6929...

GBPUSD Weekly Analysis – December 8, 2019

by ForexCycle.com | December 8, 2019 10:34 am
GBPUSD extended its upside movement from 1.1958 to as high as 1.3166, breaking above 1.3012 resistance. Further rise is still possible and next target would be at 1.3350 area. Key support is at 1.2768, only break below...

EURUSD Weekly Analysis – December 8, 2019

by ForexCycle.com | December 8, 2019 10:31 am
EURUSD stays in a falling price channel on the daily chart and remains in the downtrend from 1.1570 (Jan 10 high). As long as the channel resistance holds, the price action from 1.0879 could be treated as...