EURUSD Daily Analysis – June 8, 2020

by ForexCycle.com | June 8, 2020 2:38 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 1.1383 could be treated as consolidation for the uptrend from 1.0870, and...

USDCAD Daily Analysis – June 5, 2020

by ForexCycle.com | June 5, 2020 1:29 am
USDCAD extended its downside movement from 1.4048 to as low as 1.3467. 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...

USDJPY Daily Analysis – June 5, 2020

by ForexCycle.com | June 5, 2020 1:28 am
USDJPY extended its upside movement from 105.98 to as high as 109.23. Further rise is still possible in the coming days and next target would be at 110.00 area. Near term support is at 108.40, below this...

AUDUSD Daily Analysis – June 5, 2020

by ForexCycle.com | June 5, 2020 1:27 am
AUDUSD is in consolidation for the uptrend from 0.6401. Range trading between 0.6856 and 0.6987 would likely be seen. As long as 0.6856 support holds, the upside movement could be expected to continue and next target would...

GBPUSD Daily Analysis – June 5, 2020

by ForexCycle.com | June 5, 2020 1:26 am
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2073. As long as the channel support holds, the upside movement could be expected to continue and next target would...

EURUSD Daily Analysis – June 5, 2020

by ForexCycle.com | June 5, 2020 1:25 am
EURUSD’s upside movement from 1.0870 extended to as high as 1.1362. 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...

USDCAD Daily Analysis – June 4, 2020

by ForexCycle.com | June 4, 2020 1:51 am
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4048. Further decline could be expected after a minor consolidation and next target would be at 1.3350 area. Near term...

USDJPY Daily Analysis – June 4, 2020

by ForexCycle.com | June 4, 2020 1:50 am
After consolidation, USDJPY broke above 108.08 resistance and extended its upside movement from 105.98 to as high as 109.04. Further rise is still possible after a minor consolidation and next target would be at 110.00 area. Near...

AUDUSD Daily Analysis – June 4, 2020

by ForexCycle.com | June 4, 2020 1:49 am
AUDUSD’s upside movement from 0.6401 to as high as 0.6983. Further rise would likely be seen and next target would be at 0.7100 area. Near term support is at 0.6850, a breakdown below this level could bring...

GBPUSD Daily Analysis – June 4, 2020

by ForexCycle.com | June 4, 2020 1:48 am
GBPUSD extended its upside movement from 1.2073 to as high as 1.2615 and is now facing 1.2647 resistance, a breakout of this level could trigger further upside movement to 1.2800 area. Near term support is at 1.2475,...