GBPUSD Daily Analysis – March 9, 2018

by ForexCycle.com | March 9, 2018 3:06 am
GBPUSD broke below a bullish trend line on its 4-hour chart, suggesting that the short term uptrend from 1.3711 had completed at 1.3929 already. Deeper decline to test 1.3711 support would likely be seen in the coming...

EURUSD Daily Analysis – March 9, 2018

by ForexCycle.com | March 9, 2018 3:06 am
EURUSD’s bounce from 1.2155 had completed at 1.2446 already. Another fall would likely be seen in the coming days, and next target would be at 1.2155 support. Below this level could trigger further downside movement towards 1.2000....

USDCAD Daily Analysis – March 7, 2018

by ForexCycle.com | March 7, 2018 2:46 am
USDCAD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 1.2450. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDJPY Daily Analysis – March 7, 2018

by ForexCycle.com | March 7, 2018 2:45 am
USDJPY stays in a falling price channel on its 4-hour chart and remains in the short term downtrend from 107.90. As long as the channel resistance holds, the downside movement could be expected to continue and next...

AUDUSD Daily Analysis – March 7, 2018

by ForexCycle.com | March 7, 2018 2:45 am
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 0.7988 had completed at 0.7712 already. Further rise to test 0.7893 resistance is still possible, a break of this level could...

GBPUSD Daily Analysis – March 7, 2018

by ForexCycle.com | March 7, 2018 2:44 am
GBPUSD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 1.4144 had completed at 1.3711 already. Further rally would likely be seen and next target would...

EURUSD Daily Analysis – March 7, 2018

by ForexCycle.com | March 7, 2018 2:44 am
EURUSD extended its upside movement from 1.2155 to as high as 1.2429. Further rise is still possible and next target would be at 1.2500 area. Support levels are at 1.2360 and 1.2325, only break below these levels...

USDCAD Daily Analysis – March 6, 2018

by ForexCycle.com | March 6, 2018 4:03 am
USDCAD broke above 1.2920 (Dec 19, 2017 high) resistance and extended its upside movement from 1.2450 to as high as 1.3000. Further rise is till possible after a minor consolidation and next target would be at 1.3100...

USDJPY Daily Analysis – March 6, 2018

by ForexCycle.com | March 6, 2018 4:02 am
USDJPY broke above 106.00 resistance, suggesting that lengthier consolidation for the downtrend from 113.75 (Dec 12, 2017 low) is needed. Further rally is still possible and next target would be at 107.50 area. The key resistance is...

AUDUSD Daily Analysis – March 6, 2018

by ForexCycle.com | March 6, 2018 4:01 am
AUDUSD is now facing the resistance of the bearish trend line on its 4-hour chart. As long as the price is below the trend line, the bounce from 0.7712 could be treated as consolidation for the downtrend...