EURUSD Daily Analysis – April 14, 2020

by ForexCycle.com | April 14, 2020 2:36 am
EURUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.0768. As long as the channel support holds, the pullback from 1.0967 could be treated as consolidation for the uptrend,...

USDCAD Daily Analysis – April 13, 2020

by ForexCycle.com | April 13, 2020 2:43 am
USDCAD’s fall from 1.4348 extended to as low as 1.3922, facing the support level at 1.3920, a breakdown below this level could trigger further downside movement to 1.3800 area. Near term resistance is at 1.4080, above this...

USDJPY Daily Analysis – April 13, 2020

by ForexCycle.com | April 13, 2020 2:42 am
USDJPY’s fall from 109.38 extended to as low as 107.99. However, the fall is likely corrective consolidation for the uptrend from 106.91, another rise towards 111.00 could be expected after the consolidation and a break of 108.60...

AUDUSD Daily Analysis – April 13, 2020

by ForexCycle.com | April 13, 2020 2:41 am
AUDUSD extended its upside movement from 0.5979 to as high as 0.6367. 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...

GBPUSD Daily Analysis – April 13, 2020

by ForexCycle.com | April 13, 2020 2:40 am
GBPUSD is facing 1.2485 resistance, a break of this level could trigger further upside movement towards 1.2800 area. Near term support is at 1.2355, a breakdown below this level could bring the price back towards 1.2100.

EURUSD Daily Analysis – April 13, 2020

by ForexCycle.com | April 13, 2020 2:39 am
EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.0768. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDCAD Daily Analysis – April 10, 2020

by ForexCycle.com | April 10, 2020 12:28 am
USDCAD is testing 1.2920 support, a breakdown below this level could signal resumption of the downtrend from 1.4667, then next target would be at 1.3800 area. Near term resistance is at 1.4080, above this level could trigger...

USDJPY Daily Analysis – April 10, 2020

by ForexCycle.com | April 10, 2020 12:27 am
USDJPY remains in the uptrend from 106.91, the pullback from 109.38 is likely consolidation for the uptrend. As long as 108.10 support holds, the upside movement could be expected to resume and further rise towards 111.00 is...

AUDUSD Daily Analysis – April 10, 2020

by ForexCycle.com | April 10, 2020 12:27 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 trendline support holds, the upside movement could be expected to continue and next target would...

GBPUSD Daily Analysis – April 10, 2020

by ForexCycle.com | April 10, 2020 12:26 am
GBPUSD broke above the top of the falling price channel on the 4-hour chart, suggesting that the upside movement from 1.1409 has resumed. Further rise would likely be seen and next target would be at 1.2800 area....