EURUSD Daily Analysis – March 25, 2020

by ForexCycle.com | March 25, 2020 1:06 am
EURUSD is facing the resistance of the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.0635 could be treated as consolidation for the downtrend from 1.1496, another...

USDCAD Daily Analysis – March 24, 2020

by ForexCycle.com | March 24, 2020 2:34 am
USDCAD moved sideways in a trading range between 1.4148 and 1.4667. The price action in the range is likely consolidation of the uptrend from 1.3201, and further rise towards 1.4800 could be expected after the consolidation. Only...

USDJPY Daily Analysis – March 24, 2020

by ForexCycle.com | March 24, 2020 2:33 am
USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 101.17. As long as the trend line support holds, the upside movement could be expected to continue and next target...

AUDUSD Daily Analysis – March 24, 2020

by ForexCycle.com | March 24, 2020 2:31 am
AUDUSD is facing 0.5985 resistance, a break of this level could signal resumption of the uptrend from 0.5507, then further rise towards 0.6200 could be seen. Near term support is at 0.5650, only break below this level...

GBPUSD Daily Analysis – March 24, 2020

by ForexCycle.com | March 24, 2020 2:30 am
GBPUSD moved sideways in a trading range between 1.1409 and 1.1933. The price action is likely consolidation for the downtrend from 1.3199. Key resistance is at 1.2250, only break above this level could signal completion of the...

EURUSD Daily Analysis – March 24, 2020

by ForexCycle.com | March 24, 2020 2:29 am
EURUSD is facing 1.0831 resistance, a break of this level could trigger further upside movement towards the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.0635 could...

USDCAD Daily Analysis – March 23, 2020

by ForexCycle.com | March 23, 2020 3:38 am
USDCAD remains in the uptrend from 1.3201, the pullback from 1.4667 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be...

USDJPY Daily Analysis – March 23, 2020

by ForexCycle.com | March 23, 2020 3:37 am
USDJPY extended its upside movement from 101.17 to as high as 111.50. 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...

AUDUSD Daily Analysis – March 23, 2020

by ForexCycle.com | March 23, 2020 3:34 am
AUDUSD is now in the uptrend from 0.5507, the pullback from 0.5985 is likely corrective consolidation for the uptrend. Further rise could be expected after the consolidation, and a break of 0.5985 resistance could trigger further upside...

GBPUSD Daily Analysis – March 23, 2020

by ForexCycle.com | March 23, 2020 3:34 am
GBPUSD is in consolidation for the downtrend from 1.3199. Range trading between 1.1409 and 1.2250 would likely be seen in a couple of days. As long as 1.2250 resistance holds, the downtrend trend could be expected to...