USDCAD Daily Analysis – February 20, 2018

by ForexCycle.com | February 20, 2018 2:56 am
USDCAD’s bounce from 1.2450 extended to as high as 1.2592. Further rise is still possible and next target would be at 1.2630 area. Near term support is at 1.2525, a breakdown below this level could bring price...

USDJPY Daily Analysis – February 20, 2018

by ForexCycle.com | February 20, 2018 2:55 am
USDJPY stays in a falling price channel on its 4-hour chart and remains in the downtrend from 110.48. As long as the channel resistance holds, the bounce from 105.54 could be treated as consolidation for the downtrend...

AUDUSD Daily Analysis – February 20, 2018

by ForexCycle.com | February 20, 2018 2:55 am
AUDUSD remains in the uptrend from 0.7759, the fall from 0.7988 is likely correction for the uptrend. Near term support is at 0.7865, as long as this level holds, the uptrend could be expected to resume and...

GBPUSD Daily Analysis – February 20, 2018

by ForexCycle.com | February 20, 2018 2:54 am
GBPUSD is now in uptrend from 1.3764, the fall from 1.4144 is likely correction for the uptrend. Near term support is at 1.3935, as long as this level holds, the uptrend could be expected to resume and...

EURUSD Daily Analysis – February 20, 2018

by ForexCycle.com | February 20, 2018 2:53 am
EURUSD is facing the support of the bullish trend line on its 4-hour chart. As long as the trend line support holds, the fall from 1.2555 could be treated as correction for the uptrend from 1.2205, and...

USDCAD Daily Analysis – February 19, 2018

by ForexCycle.com | February 19, 2018 5:33 am
USDCAD is now in the downtrend from 1.2688, the bounce from 1.2450 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and a breakdown below 1.2450 support could take price to 1.2300...

USDJPY Daily Analysis – February 19, 2018

by ForexCycle.com | February 19, 2018 5:32 am
USDJPY extended its downside movement from 110.48 to as low as 105.54. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next...

AUDUSD Daily Analysis – February 19, 2018

by ForexCycle.com | February 19, 2018 5:32 am
AUDUSD is now in the uptrend from 0.7759, the fall from 0.7988 could be treated as consolidation of the uptrend. Support levels are at 0.7890 and 0.7865. As long as these levels hold, the uptrend could be...

GBPUSD Daily Analysis – February 19, 2018

by ForexCycle.com | February 19, 2018 5:31 am
GBPUSD broke above 1.4066 resistance, confirming that the downside movement from 1.4345 had completed at 1.3764 already. Further rally would likely be seen in the coming days, and next target would be at 1.4300 area. Support levels...

EURUSD Daily Analysis – February 19, 2018

by ForexCycle.com | February 19, 2018 5:30 am
EURUSD remains in the uptrend from 1.2205, the fall from 1.2555 is likely correction for the uptrend. As long as the price is above the bullish trend line on the 4-hour chart, the uptrend could be expected...