EURUSD Daily Analysis – March 13, 2020

by ForexCycle.com | March 13, 2020 4:11 am
EURUSD extended its downside movement from 1.1496 to as low as 1.1055, breaking below 1.1095 support. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected...

USDCAD Daily Analysis – March 12, 2020

by ForexCycle.com | March 12, 2020 4:38 am
USDCAD continued its upside movement from 1.3201 and the rise extended to as high as 1.3819. Further rise would likely be seen and next target would be at 1.3850 area. Near term support is at 1.3680, a...

USDJPY Daily Analysis – March 12, 2020

by ForexCycle.com | March 12, 2020 4:37 am
After touching the resistance of the falling trend line on the 4-hour chart, USDJPY dropped sharply to 103.09, breaking below 103.20 support, suggesting that the pair remains in the downtrend from 112.22. Further decline could be expected...

AUDUSD Daily Analysis – March 12, 2020

by ForexCycle.com | March 12, 2020 4:34 am
AUDUSD is facing 0.6450 support, a breakdown below this level could trigger further downside movement to 0.6350 area. On the upside, as long as 0.6450 support holds, the fall from 0.6684 could be treated as corrective consolidation...

GBPUSD Daily Analysis – March 12, 2020

by ForexCycle.com | March 12, 2020 4:33 am
GBPUSD extended its downside movement from 1.3199 to as low as 1.2804. 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 12, 2020

by ForexCycle.com | March 12, 2020 4:31 am
EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.0778 had completed at 1.1496 already. Further decline would likely be seen in a couple of days and next target...

USDCAD Daily Analysis – March 11, 2020

by ForexCycle.com | March 11, 2020 3:11 am
USDCAD extended its upside movement from 1.3201 to as high as 1.3795. Further rise would likely be seen and next target would be at 1.3850 area. Key support is at 1.3516, only break below this level could...

USDJPY Daily Analysis – March 11, 2020

by ForexCycle.com | March 11, 2020 3:10 am
USDJPY broke above the resistance of the falling trend line on the 4-hour chart, suggesting that the downtrend from 112.22 had completed at 101.17 already. Further rally would likely be seen and next target would be at...

AUDUSD Daily Analysis – March 11, 2020

by ForexCycle.com | March 11, 2020 3:09 am
AUDUSD remains in the uptrend from 0.6311, the pullback from 0.6684 would possibly be corrective consolidation for the uptrend. As long as 0.6450 support holds, the upside movement could be expected to resume, a breakout of 0.6560...

GBPUSD Daily Analysis – March 11, 2020

by ForexCycle.com | March 11, 2020 3:07 am
GBPUSD broke below the bottom of the price channel on the 4-hour chart, suggesting that the upside movement from 1.2725 had completed at 1.3199 already. Further decline is still possible and next target would be at 1.2750...