EURUSD Daily Analysis – April 22, 2020

by ForexCycle.com | April 22, 2020 1:04 am
EURUSD failed to break below 1.0812 support and stayed in a trading range between 1.0812 and 1.0905. The price action in the range is likely consolidation for the downtrend from 1.0990, further decline to 1.0700 area is...

USDCAD Daily Analysis – April 21, 2020

by ForexCycle.com | April 21, 2020 2:05 am
USDCAD is facing 1.4182 resistance, a break of this level could signal resumption of the uptrend from 1.3854, then next target would be at 1.4400 area. Support is at 1.3960, a breakdown below this level could trigger...

USDJPY Daily Analysis – April 21, 2020

by ForexCycle.com | April 21, 2020 2:04 am
USDJPY continued its sideways movement in a trading range between 106.92 and 108.08. As long as 108.08 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 109.38, and further...

AUDUSD Daily Analysis – April 21, 2020

by ForexCycle.com | April 21, 2020 2:03 am
AUDUSD continued its sideways movement in a trading range between 0.6263 and 0.6444. The price action in the range is likely consolidation for the uptrend from 0.5507, another rise to 0.6600 area would likely be seen after...

GBPUSD Daily Analysis – April 21, 2020

by ForexCycle.com | April 21, 2020 2:01 am
GBPUSD moved sideways in a trading range between 1.2406 and 1.2522. As long as 1.2522 resistance holds, the downside movement from 1.2647 could be expected to resume and further decline to 1.2300 area is possible. However, a...

EURUSD Daily Analysis – April 21, 2020

by ForexCycle.com | April 21, 2020 2:00 am
EURUSD moved sideways in a trading range between 1.0812 and 1.0905. As long as 1.0905 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.0990, and further decline to 1.0700 area is...

USDCAD Daily Analysis – April 20, 2020

by ForexCycle.com | April 20, 2020 1:09 am
USDCAD is in consolidation for the uptrend from 1.3854, range trading between 1.3960 and 1.4182 would likely be seen in a couple of days. As long as 1.3960 support holds, the uptrend could be expected to resume...

USDJPY Daily Analysis – April 20, 2020

by ForexCycle.com | April 20, 2020 1:08 am
USDJPY moved sideways in a trading range between 106.92 and 108.08. The price action in the range is likely consolidation for the downtrend from 109.38, and further decline to 105.00 could be expected after the consolidation. On...

AUDUSD Daily Analysis – April 20, 2020

by ForexCycle.com | April 20, 2020 1:07 am
AUDUSD moved sideways in a trading range between 0.6263 and 0.6444. As long as 0.6263 support holds, the sideways movement could be treated as consolidation for the uptrend from 0.5507, and further rise towards 0.6600 is possible...

GBPUSD Daily Analysis – April 20, 2020

by ForexCycle.com | April 20, 2020 1:07 am
GBPUSD remains in the downtrend from 1.2647, further decline would likely be seen in a couple of days and next target would be at 1.2300 area. Near term resistance is at 1.2575, only break above this level...