GBPUSD Daily Analysis – March 30, 2020

by ForexCycle.com | March 30, 2020 3:19 am
GBPUSD extended its upside movement from 1.1409 to as high as 1.2485. Further rise would likely be seen after a minor consolidation and next target would be at 1.2600 area. Near term support is at 1.2280, a...

GBPUSD Weekly Analysis – March 29, 2020

by ForexCycle.com | March 29, 2020 11:03 am
GBPUSD rebounded strongly from 1.1409. Further rally would likely be seen next week, and next target would be at the falling trend line on the daily chart. As long as the trend line resistance holds, the downtrend...

GBPUSD Daily Analysis – March 27, 2020

by ForexCycle.com | March 27, 2020 2:22 am
GBPUSD extended its upside movement from 1.1409 to as high as 1.2228. 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...

GBPUSD Daily Analysis – March 26, 2020

by ForexCycle.com | March 26, 2020 5:14 am
GBPUSD broke above 1.1933 resistance. Further rally is still possible and next target would be at 1.2250 area. However, as long as 1.2250 resistance holds, the downside movement could be expected to resume, and a breakdown below...

GBPUSD Daily Analysis – March 25, 2020

by ForexCycle.com | March 25, 2020 1:07 am
GBPUSD continued its sideways movement in a trading range between 1.1409 and 1.1933. As long as 1.2250 resistance holds, the price action in the trading range could be treated as consolidation for the downtrend from 1.3199, and...

GBPUSD Daily Analysis – March 24, 2020

by ForexCycle.com | March 24, 2020 2:30 am
GBPUSD moved sideways in a trading range between 1.1409 and 1.1933. The price action is likely consolidation for the downtrend from 1.3199. Key resistance is at 1.2250, only break above this level could signal completion of the...

GBPUSD Daily Analysis – March 23, 2020

by ForexCycle.com | March 23, 2020 3:34 am
GBPUSD is in consolidation for the downtrend from 1.3199. Range trading between 1.1409 and 1.2250 would likely be seen in a couple of days. As long as 1.2250 resistance holds, the downtrend trend could be expected to...

GBPUSD Weekly Analysis – March 22, 2020

by ForexCycle.com | March 22, 2020 9:49 am
GBPUSD broke below 1.1958 support and extended its downside movement from 1.3514 to as low as 1.1409. Further decline would likely be seen after a minor consolidation and next target would be at 1.0600 area. Near term...

GBPUSD Daily Analysis – March 20, 2020

by ForexCycle.com | March 20, 2020 4:38 am
GBPUSD extended its downside movement from 1.3199 to as low as 1.1409. Resistance is now at 1.1792, as long as this level holds, the downside movement could be expected to continue and next target would be at...

AUDUSD Daily Analysis – March 19, 2020

by ForexCycle.com | March 19, 2020 2:19 am
AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.6684. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...