EURUSD Daily Analysis – March 17, 2020

by ForexCycle.com | March 17, 2020 4:09 am
EURUSD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 1.1496 had completed at 1.1055 already. Further rally would likely be seen in the coming days and a break of...

USDCAD Daily Analysis – March 16, 2020

by ForexCycle.com | March 16, 2020 1:56 am
USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3201. As long as the channel support holds, the pullback from 1.3994 could be treated as consolidation for the uptrend,...

USDJPY Daily Analysis – March 16, 2020

by ForexCycle.com | March 16, 2020 1:55 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 16, 2020

by ForexCycle.com | March 16, 2020 1:54 am
AUDUSD extended its downside movement from 0.6684 to as low as 0.6094. 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...

GBPUSD Daily Analysis – March 16, 2020

by ForexCycle.com | March 16, 2020 1:53 am
GBPUSD extended its downside movement from 1.3199 to as low as 1.2265. 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...

EURUSD Daily Analysis – March 16, 2020

by ForexCycle.com | March 16, 2020 1:51 am
EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1496. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

USDCAD Daily Analysis – March 13, 2020

by ForexCycle.com | March 13, 2020 4:17 am
USDCAD extended its upside movement from 1.3201 to as high as 1.3960. Further rise is still possible after a minor consolidation and next target would be at 1.4050 area. Support is located at the rising trend line...

USDJPY Daily Analysis – March 13, 2020

by ForexCycle.com | March 13, 2020 4:16 am
USDJPY is now in the uptrend from 101.17. 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 would be at...

AUDUSD Daily Analysis – March 13, 2020

by ForexCycle.com | March 13, 2020 4:13 am
AUDUSD broke below 0.6311 support and extended its downside movement from 0.6684 to as low as 0.6211. Further decline is still possible and next target would be at 0.6150 area. Near term resistance is at 0.6385, a...

GBPUSD Daily Analysis – March 13, 2020

by ForexCycle.com | March 13, 2020 4:12 am
GBPUSD’s downside movement from 1.3199 extended to as low as 1.2490. Further decline would likely be seen after a minor consolidation and next target would be at 1.2400 area. Near term resistance is at 1.2640, a break...