USDCAD Daily Analysis – March 6, 2020

by ForexCycle.com | March 6, 2020 2:21 am
USDCAD extended its upside movement from 1.3314 to as high as 1.3438. Further rise would likely be seen and next target would be at 1.3463 resistance, followed by 1.3500 area. Near term support is at 1.3375, a...

USDJPY Daily Analysis – March 6, 2020

by ForexCycle.com | March 6, 2020 2:19 am
USDJPY extended its downside movement from 112.22 to as low as 105.96. 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...

AUDUSD Daily Analysis – March 6, 2020

by ForexCycle.com | March 6, 2020 2:18 am
AUDUSD moved sideways in a trading range between 0.6575 and 0.6645. As long as 0.6575 support holds, the price action in the range could be treated as consolidation for the uptrend from 0.6433, and further rise to...

GBPUSD Daily Analysis – March 6, 2020

by ForexCycle.com | March 6, 2020 2:13 am
GBPUSD broke above the falling price channel on the 4-hour chart. Further rally would likely be seen in a couple days and next target would be at 1.3050 area. Near term support is at 1.2895, a breakdown...

EURUSD Daily Analysis – March 6, 2020

by ForexCycle.com | March 6, 2020 2:12 am
EURUSD extended its upside movement from 1.0778 to as high as 1.1244, breaking above 1.1213 resistance. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected...

USDCAD Daily Analysis – March 5, 2020

by ForexCycle.com | March 5, 2020 3:25 am
USDCAD broke above 1.3395 resistance, suggesting that the uptrend from 1.3201 has resumed. Further rise would likely be seen and next target would be at 1.3463 resistance, a break of this level would aim 1.3500 zone. Support...

USDJPY Daily Analysis – March 5, 2020

by ForexCycle.com | March 5, 2020 3:24 am
USDJPY stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 112.22. As long as the trend line resistance holds, the bounce from 106.84 could be treated as consolidation for the...

AUDUSD Daily Analysis – March 5, 2020

by ForexCycle.com | March 5, 2020 3:23 am
AUDUSD remains in the uptrend from 0.6433, further rise would likely be seen after a minor consolidation and next target would be at 0.6700 area. Near term support is at 0.6575, a breakdown below this level could...

GBPUSD Daily Analysis – March 5, 2020

by ForexCycle.com | March 5, 2020 3:22 am
GBPUSD extended its upside movement from 1.2725 to as high as 1.2874. Further rise would likely be seen and the target would be at the top of the falling price channel on the 4-hour chart. On the...

EURUSD Daily Analysis – March 5, 2020

by ForexCycle.com | March 5, 2020 3:21 am
EURUSD is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.1213 could be treated as consolidation for the uptrend from 1.0778, and...