GBPUSD Daily Analysis – March 13, 2018

by ForexCycle.com | March 13, 2018 2:25 am
GBPUSD is facing 1.3929 resistance. A breakout of this level would indicate that the uptrend from 1.3711 has resumed, then the following upside movement could take price towards next resistance level at 1.4069. Near term support is...

EURUSD Daily Analysis – March 13, 2018

by ForexCycle.com | March 13, 2018 2:25 am
EURUSD remains in the short term downtrend from 1.2446, the bounce from 1.2273 could be treated as correction for the downtrend. Near term resistance is at 1.2390, as long as this level holds, the downtrend could be...

USDCAD Daily Analysis – March 12, 2018

by ForexCycle.com | March 12, 2018 2:47 am
USDCAD broke below the bullish trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2247 is underway. Deeper decline is still possible in a couple of days and the target would be...

USDJPY Daily Analysis – March 12, 2018

by ForexCycle.com | March 12, 2018 2:46 am
USDJPY extended its upside movement from 105.24 to as high as 107.05. Further rise towards 107.90 resistance is possible in the coming days. Support level is at 106.00, only break below this level could bring price back...

AUDUSD Daily Analysis – March 12, 2018

by ForexCycle.com | March 12, 2018 2:46 am
AUDUSD broke above 0.7842 resistance, suggesting that the uptrend from 0.7712 has resumed. Further rally could be expected in a couple of days and next target would be at 0.7930 area. Support level is now at 0.7772,...

GBPUSD Daily Analysis – March 12, 2018

by ForexCycle.com | March 12, 2018 2:45 am
GBPUSD is in short term downtrend from 1.3929, the bounce from 1.3781 is likely correction for the downtrend. As long as 1.3929 resistance holds, another fall to test 1.3711 support could be expected. A breakdown below this...

EURUSD Daily Analysis – March 12, 2018

by ForexCycle.com | March 12, 2018 2:44 am
EURUSD is in short term downtrend from 1.2446. Further decline would likely be seen and next target would be at 1.2155 support. A breakdown below this level would confirm that the whole uptrend from 1.1554 (Nov 7,...

USDCAD Daily Analysis – March 9, 2018

by ForexCycle.com | March 9, 2018 3:08 am
USDCAD remains in the uptrend from 1.2450. As long as the price is above the bullish trend line on the 4-hour chart, the fall from 1.3000 could be treated as consolidation for the uptrend, and another rise...

USDJPY Daily Analysis – March 9, 2018

by ForexCycle.com | March 9, 2018 3:07 am
USDJPY broke above the top trend line of the price channel on the 4-hour chart, suggesting that the short term downtrend from 107.90 had completed at 105.24 already. Further rally could be expected in a couple of...

AUDUSD Daily Analysis – March 9, 2018

by ForexCycle.com | March 9, 2018 3:07 am
AUDUSD’s short term uptrend from 0.7712 had completed at 0.7842 already. Another fall could be expected in the coming days and next target would be at 0.7712 support. Below this level would confirm that the downtrend from...