EURUSD Daily Analysis – March 23, 2020

by ForexCycle.com | March 23, 2020 3:32 am
EURUSD’s downside movement from 1.1496 extended to as low as 1.0635. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target...

USDCAD Daily Analysis – March 20, 2020

by ForexCycle.com | March 20, 2020 4:41 am
USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3201. As long as the trend line support holds, the pullback from 1.4667 could be treated as consolidation for the...

USDJPY Daily Analysis – March 20, 2020

by ForexCycle.com | March 20, 2020 4:40 am
USDJPY stays above a bullish 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 20, 2020

by ForexCycle.com | March 20, 2020 4:39 am
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 0.6684 had completed at 0.5507 already. Further rally could likely be seen in the coming days and next target would...

GBPUSD Daily Analysis – March 20, 2020

by ForexCycle.com | March 20, 2020 4:38 am
GBPUSD extended its downside movement from 1.3199 to as low as 1.1409. Resistance is now at 1.1792, as long as this level holds, the downside movement could be expected to continue and next target would be at...

EURUSD Daily Analysis – March 20, 2020

by ForexCycle.com | March 20, 2020 4:37 am
EURUSD extended its downside movement from 1.1496 to as low as 1.0652, breaking below 1.0778 support. Further decline is still possible after a minor consolidation and next target would be at 1.0600 area. Near term resistance is...

USDCAD Daily Analysis – March 19, 2020

by ForexCycle.com | March 19, 2020 2:20 am
USDCAD extended its upside movement from 1.3201 to as high as 1.4656. Further rise is still possible after a minor consolidation and next target would be at 1.4800 area. Near term support is at 1.4335, only break...

USDJPY Daily Analysis – March 19, 2020

by ForexCycle.com | March 19, 2020 2:19 am
USDJPY extended its upside movement from 101.17 to as high as 109.06, breaking above 108.49 resistance. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected...

AUDUSD Daily Analysis – March 19, 2020

by ForexCycle.com | March 19, 2020 2:19 am
AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.6684. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

GBPUSD Daily Analysis – March 19, 2020

by ForexCycle.com | March 19, 2020 2:17 am
GBPUSD continued its downside movement from 1.3199 and the fall extended to as low as 1.1451. Further decline would likely be seen and next target would be at 1.1300 area. Near term resistance is at 1.1850, a...