EURUSD Daily Analysis – April 16, 2020

by ForexCycle.com | April 16, 2020 1:27 am
EURUSD broke below 1.0892 support, suggesting that the upside movement from 1.0768 had completed at 1.0990 already. Further decline would likely be seen and next target would be at 1.0768 support. Near term resistance is at 1.0950,...

USDCAD Daily Analysis – April 15, 2020

by ForexCycle.com | April 15, 2020 1:58 am
USDCAD’s downside movement from 1.4348 extended to as low as 1.3854. Further decline would likely be seen after a minor consolidation and next target would be at 1.3750 area. Near term resistance is at 1.4000, above this...

USDJPY Daily Analysis – April 15, 2020

by ForexCycle.com | April 15, 2020 1:57 am
USDJPY’s downside movement from 109.38 extended to as low as 106.92. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target...

AUDUSD Daily Analysis – April 15, 2020

by ForexCycle.com | April 15, 2020 1:56 am
AUDUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 0.5979. As long as the trend line support holds, the upside movement could be expected to continue and next target...

GBPUSD Daily Analysis – April 15, 2020

by ForexCycle.com | April 15, 2020 1:55 am
GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2164. As long as the trend line support holds, the uptrend could be expected to continue and next target would...

EURUSD Daily Analysis – April 15, 2020

by ForexCycle.com | April 15, 2020 1:54 am
EURUSD extended its upside movement from 1.0768 to as high as 1.0990. Further rise is still possible in a couple of days and next target would be at 1.1050 area. Key support is at 1.0892, only break...

USDCAD Daily Analysis – April 14, 2020

by ForexCycle.com | April 14, 2020 2:40 am
USDCAD extended its downside movement from 1.4348 to as low as 1.3854, breaking below 1.3920 support. Further decline is still possible after a minor consolidation and next target would be at 1.3800 area. Near term resistance is...

USDJPY Daily Analysis – April 14, 2020

by ForexCycle.com | April 14, 2020 2:39 am
USDJPY extended its downside movement from 109.38 to as low as 107.50. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...

AUDUSD Daily Analysis – April 14, 2020

by ForexCycle.com | April 14, 2020 2:38 am
AUDUSD’s upside movement from 0.5979 extended to as high as 0.6431. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target...

GBPUSD Daily Analysis – April 14, 2020

by ForexCycle.com | April 14, 2020 2:37 am
GBPUSD extended its upside movement from 1.2164 to as high as 1.2558, breaking above 1.2485 resistance. Further rise would likely be seen and next target would be at 1.2700 area. Near term support is at 1.2425, a...