EURUSD Daily Analysis – May 4, 2020

by ForexCycle.com | May 4, 2020 1:29 am
EURUSD extended its upside movement from 1.0727 to as high as 1.1018, breaking above 1.0990 resistance. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected...

USDCAD Daily Analysis – May 1, 2020

by ForexCycle.com | May 1, 2020 3:11 am
USDCAD broke above the bearish trend line on the 4-hour chart, suggesting that the downtrend from 1.4264 had completed at 1.3849 already. Further rally would likely be seen in the coming days and next target would be...

USDJPY Daily Analysis – May 1, 2020

by ForexCycle.com | May 1, 2020 3:10 am
USDJPY stays in a falling price channel on the 4-hour chart and remains in the downtrend from 109.38. As long as the channel resistance holds, the bounce from 106.35 could be treated as consolidation for the downtrend,...

AUDUSD Daily Analysis – May 1, 2020

by ForexCycle.com | May 1, 2020 3:08 am
AUDUSD broke below 0.6480 support, suggesting that the short-term uptrend from 0.6253 had completed at 0.6569 already. Deeper decline could be seen and the target would be at the bottom of the price channel on the 4-hour...

GBPUSD Daily Analysis – May 1, 2020

by ForexCycle.com | May 1, 2020 3:06 am
GBPUSD is facing 1.2647 resistance, a break of this level could trigger further upside movement to 1.2800 area. Near term support is at 1.2530, a breakdown below this level could bring the price back towards the rising...

EURUSD Daily Analysis – May 1, 2020

by ForexCycle.com | May 1, 2020 3:05 am
EURUSD stays in a bullish trend line on the 4-hour chart and remains in the uptrend from 1.0727. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDCAD Daily Analysis – April 30, 2020

by ForexCycle.com | April 30, 2020 1:38 am
USDCAD is facing 1.3854 support, a breakdown below this level could trigger further downside movement to 1.3700 area. Resistance is located at the bearish trend line on the 4-hour chart, a breakout of the trend line resistance...

USDJPY Daily Analysis – April 30, 2020

by ForexCycle.com | April 30, 2020 1:37 am
USDJPY extended its downside movement from 109.38 to as low as 106.35. Deeper decline could be expected and next target would be at 105.00 area. Near term resistance is at 107.00, above this level could bring the...

AUDUSD Daily Analysis – April 30, 2020

by ForexCycle.com | April 30, 2020 1:35 am
AUDUSD’s upside movement from 0.6253 extended to as high as 0.6558. Further rise is still possible in a couple of days and next target would be at 0.6650 area. Near term support is at 0.6480, below this...

GBPUSD Daily Analysis – April 30, 2020

by ForexCycle.com | April 30, 2020 1:34 am
GBPUSD remains in the uptrend from 1.2246. As long as the price is above the rising trend line on the 4-hour chart, the pullback from 1.2517 could be treated as consolidation for the uptrend, and further rise...