GBPUSD Daily Analysis – March 6, 2019

by ForexCycle.com | March 6, 2019 1:42 am
GBPUSD’s fall from 1.3350 extended to as low as 1.3097. Further decline is still possible after a minor consolidation and next target would be at 1.3040 area. Resistance is at 1.3200, only break above this level could...

EURUSD Daily Analysis – March 6, 2019

by ForexCycle.com | March 6, 2019 1:41 am
EURUSD extended its downside movement from 1.1419 to as low as 1.1289. Further decline is still possible after a minor consolidation and next target would be at 1.1250 area. Resistance is at 1.1340, only break above this...

USDCAD Daily Analysis – March 5, 2019

by ForexCycle.com | March 5, 2019 3:10 am
USDCAD broke above 1.3241 resistance and extended its upside movement from 1.3112 to as high as 1.3337. Further rise could be expected in a couple of days and next target would be at 1.3450 area. Support is...

USDJPY Daily Analysis – March 5, 2019

by ForexCycle.com | March 5, 2019 3:10 am
USDJPY extended its upside movement from 108.49 to as high as 112.07. Further rise is still possible after a minor consolidation and next target would be at 113.00 area. Support level is at 111.60, below this level...

AUDUSD Daily Analysis – March 5, 2019

by ForexCycle.com | March 5, 2019 3:09 am
AUDUSD remains in the downtrend from 0.7198. Further decline could be expected in a couple of days and next target would be at 0.7000 area. Resistance is at 0.7120, above this level could bring the price back...

GBPUSD Daily Analysis – March 5, 2019

by ForexCycle.com | March 5, 2019 3:08 am
GBPUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.2772 had completed at 1.3350 already. Further decline could be expected in the coming days and next target would be...

EURUSD Daily Analysis – March 5, 2019

by ForexCycle.com | March 5, 2019 3:08 am
EURUSD broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the upside movement from 1.1234 had completed at 1.1419 already. Further decline could be expected in the coming days,...

USDCAD Daily Analysis – March 1, 2019

by ForexCycle.com | March 1, 2019 3:48 am
USDCAD failed to break below 1.3112 support and stayed in a trading range between 1.3112 and 1.3241. As long as 1.3241 resistance holds, the price action in the range could be treated as consolidation for the downtrend...

USDJPY Daily Analysis – March 1, 2019

by ForexCycle.com | March 1, 2019 3:48 am
USDJPY broke above 111.23 resistance, suggesting that the upside movement from 108.49 has resumed. Further rise could be expected and next target would be at 112.50 area. Near term support is at 111.30, only a breakdown below...

AUDUSD Daily Analysis – March 1, 2019

by ForexCycle.com | March 1, 2019 3:47 am
AUDUSD is facing 0.7069 support, a breakdown below this level could trigger further downside movement towards 0.7000. near term resistance is at 0.7130, a break of this level could bring the price back towards 0.7200.