EURUSD Daily Analysis – May 22, 2020

by ForexCycle.com | May 22, 2020 4:16 am
EURUSD failed to break above 1.1018 resistance, and pulled back from 1.1008. Another rise to test 1.1018 resistance is still possible, a breakout of this level could trigger another upside movement towards 1.1100. Support is at 1.0918,...

USDCAD Daily Analysis – May 21, 2020

by ForexCycle.com | May 21, 2020 2:31 am
USDCAD formed a sideways consolidation above 1.3849 support. Another fall to test 1.3849 support would likely be seen, a breakdown below could take the price to 1.3700 area. Near term resistance is at 1.3980, above this level...

USDJPY Daily Analysis – May 21, 2020

by ForexCycle.com | May 21, 2020 2:30 am
USDJPY remains in the uptrend from 105.98, the pullback from 108.08 is likely consolidation for the uptrend. Support is located at the bottom of the price channel on the 4-hour chart, only a breakdown below the channel...

AUDUSD Daily Analysis – May 21, 2020

by ForexCycle.com | May 21, 2020 2:29 am
AUDUSD extended its upside movement from 0.6401 to as high as 0.6615. Further rise would likely be seen and next target would be at 0.6700 area. Near term support is at 0.6500, a breakdown below this level...

GBPUSD Daily Analysis – May 21, 2020

by ForexCycle.com | May 21, 2020 2:28 am
GBPUSD is now in the uptrend from 1.2073, the pullback from 1.2296 is likely corrective consolidation for the uptrend. Further rally could be expected and next target would be at 1.2450 area. Support is at 1.2073, only...

EURUSD Daily Analysis – May 21, 2020

by ForexCycle.com | May 21, 2020 2:26 am
EURUSD’s upside movement from 1.0774 extended to as high as 1.0999. Further rise would likely be seen and next target would be at 1.1100 area. Support is at 1.0918, a breakdown below this level could bring the...

USDCAD Daily Analysis – May 20, 2020

by ForexCycle.com | May 20, 2020 2:44 am
USDCAD is facing 1.3849 support, a breakdown below this level could take the price to 1.3700 area. Near term resistance is at 1.3980, a break of this level could trigger another rise towards the falling trend line...

USDJPY Daily Analysis – May 20, 2020

by ForexCycle.com | May 20, 2020 2:43 am
USDJPY is facing 108.08 resistance, a breakout of this level could take the price to 109.00 area. Support level is at 107.00, a breakdown below this level could trigger another downside movement towards 106.00.

AUDUSD Daily Analysis – May 20, 2020

by ForexCycle.com | May 20, 2020 2:42 am
AUDUSD broke above 0.6569 resistance, suggesting that the uptrend from 0.5507 (Mar 19 low) has resumed. Further rise could be expected in the coming days and next target would be at 0.6700 area. Near term support is...

GBPUSD Daily Analysis – May 20, 2020

by ForexCycle.com | May 20, 2020 2:42 am
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.2642 had completed at 1.2073 already. Further rally would likely be seen and next target would be at 1.2466 resistance....