USDCAD Daily Analysis – March 2, 2020

by ForexCycle.com | March 2, 2020 1:42 am
USDCAD pulled back from 1.3463. The fall is likely consolidation for the uptrend from 1.3201, as long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to...

USDJPY Daily Analysis – March 2, 2020

by ForexCycle.com | March 2, 2020 1:41 am
USDJPY dropped sharply from 112.22 to as low as 107.36. Further decline is still possible after a minor consolidation and next target would be at 106.50 area. Near term resistance is at 108.55, a break of this...

AUDUSD Daily Analysis – March 2, 2020

by ForexCycle.com | March 2, 2020 1:40 am
AUDUSD extended its downside movement from 0.6749 to as low as 0.6433. 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 2, 2020

by ForexCycle.com | March 2, 2020 1:39 am
GBPUSD extended its downside movement from 1.3017 to as low as 1.2725. 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 2, 2020

by ForexCycle.com | March 2, 2020 1:37 am
EURUSD’s upside movement from 1.0778 to as high as 1.1073. Further rise is still possible in a couple of days and next target would be at 1.1100 area. Key support is at 1.0950, a breakdown below this...

USDCAD Daily Analysis – February 28, 2020

by ForexCycle.com | February 28, 2020 1:46 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 upside movement could be expected to continue and next target...

USDJPY Daily Analysis – February 28, 2020

by ForexCycle.com | February 28, 2020 1:43 am
USDJPY extended its downside movement from 112.22 to as low as 109.32. 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 – February 28, 2020

by ForexCycle.com | February 28, 2020 1:42 am
AUDUSD stays in a bearish price channel on the 4-hour chart chart and remains in the downtrend from 0.6749. As long as the channel resistance holds, the downside movement could be expected to continue and next target...

GBPUSD Daily Analysis – February 28, 2020

by ForexCycle.com | February 28, 2020 1:40 am
GBPUSD is facing 1.2848 support, a breakdown below this level would confirm that the downtrend from 1.3209 has resumed, then next target would be at 1.2750 area. Near term resistance is at 1.2950, only break above this...

EURUSD Daily Analysis – February 28, 2020

by ForexCycle.com | February 28, 2020 1:38 am
EURUSD extended its upside movement from 1.0778 to as high as 1.1006. Further rise is still possible after a minor consolidation and next target would be at 1.1050 area. Near term support is at 1.0950, a break...