USDCAD Daily Analysis – February 19, 2020

by ForexCycle.com | February 19, 2020 3:01 am
USDCAD broke above 1.3270 resistance, suggesting that the downside movement from 1.3328 had completed at 1.3224 already. Further rally would likely be seen and next target would be at 1.3300 area. Support is at 1.3224, only break...

USDJPY Daily Analysis – February 19, 2020

by ForexCycle.com | February 19, 2020 3:00 am
USDJPY moved sideways in a trading range between 109.53 and 110.13. As long as 109.53 support holds, the price action in the range could be treated as consolidation for the uptrend from 108.30, and further rise towards...

AUDUSD Daily Analysis – February 19, 2020

by ForexCycle.com | February 19, 2020 2:59 am
AUDUSD is facing 0.6661 support, a breakdown below this level could trigger further downside movement to 0.6600 area. Near term resistance is at 0.6700, a break of this level could bring the price back towards the top...

GBPUSD Daily Analysis – February 19, 2020

by ForexCycle.com | February 19, 2020 2:57 am
GBPUSD is now in the downtrend from 1.3069, further decline could be expected in a couple of days and next target would be at 1.2871 support. Resistance is at 1.3069, a break of this level could trigger...

EURUSD Daily Analysis – February 19, 2020

by ForexCycle.com | February 19, 2020 2:56 am
EURUSD remains in the downtrend from 1.1095, further decline would likely be seen after a minor consolidation and next target would be at 1.0700 area. Key resistance is at 1.0661, a break of this level could bring...

USDCAD Daily Analysis – February 18, 2020

by ForexCycle.com | February 18, 2020 3:11 am
USDCAD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.2951 had completed at 1.3328 already. Further decline would likely be seen and next target would be at 1.3180 area....

USDJPY Daily Analysis – February 18, 2020

by ForexCycle.com | February 18, 2020 3:10 am
USDJPY stays in a trading range between 109.53 and 110.13. The price action in the trading range is likely consolidation for the uptrend from 108.30, a breakout of 110.13 resistance could trigger further upside movement towards 110.50....

AUDUSD Daily Analysis – February 18, 2020

by ForexCycle.com | February 18, 2020 3:09 am
AUDUSD failed to break above the resistance of the price channel on the 4-hour chart and pulled back from 0.6749. Further decline would likely be seen and next target would be at 0.6600 area. Near term resistance...

GBPUSD Daily Analysis – February 18, 2020

by ForexCycle.com | February 18, 2020 3:08 am
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2871 had completed at 1.3069 already. Further decline would likely be seen and next target would be at 1.2871 support....

EURUSD Daily Analysis – February 18, 2020

by ForexCycle.com | February 18, 2020 3:07 am
EURUSD extended its downside movement from 1.1095 to as low as 1.0823. Further decline is still possible and next get would be at 1.0750 area. Resistance is at 1.0861, a break of this level could bring the...