ForexCycle

Analyst and Forex Trader
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USD/CAD Daily Analysis – Thursday, May 23
Thursday, May 23, 2019 6:01 AM EDT
USD/CAD rebounded strongly after touching 1.3376 support, suggesting that the pair remains in the uptrend from 1.3274, and the price action from 1.3520 could be treated as consolidation for the uptrend.
In this article: FXC
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AUD/USD Daily Analysis – Thursday, May 23
Thursday, May 23, 2019 5:10 AM EDT
AUD/USD is facing 0.6864 support, a breakdown below this level could trigger further downside movement towards 0.6800.
In this article: FXA
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USD/CAD Daily Analysis – Wednesday, May 22
Wednesday, May 22, 2019 5:39 AM EDT
USD/CAD is facing 1.3376 support, a breakdown below this level could take the price to 1.3300 area.
In this article: FXC
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AUD/USD Daily Analysis – Wednesday, May 22
Wednesday, May 22, 2019 4:30 AM EDT
AUD/USD failed to break above the resistance of the price channel on the 4-hour chart, suggesting that the pair remains in the downtrend from 0.7068.
In this article: FXA
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USD/CAD Daily Analysis – Tuesday, May 21
Tuesday, May 21, 2019 6:00 AM EDT
USD/CAD moved sideways in a trading range between 1.3376 and 1.3520.
In this article: FXC
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AUD/USD Daily Analysis – Tuesday, May 21
Tuesday, May 21, 2019 4:57 AM EDT
AUD/USD is facing the top trend line of the price channel on the 4-hour chart.
In this article: FXA
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The Biggest Problem With Using Indicators
Indicators are commonly considered as abstract and confusing by a lot of people. Forex analysis can be obscured by indicators since there are so many options from which you can choose. What makes indicators fail so hard for some people?
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