USDCAD Daily Analysis – February 20, 2019

by ForexCycle.com | February 20, 2019 3:09 am
USDCAD broke below 1.3195 support, suggesting that the upside movement from 1.3068 had completed at 1.3339 already. Deeper decline would likely be seen and next target would be at 1.3100 area. Resistance is at 1.3280, only break...

USDJPY Daily Analysis – February 20, 2019

by ForexCycle.com | February 20, 2019 3:08 am
USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 108.49. As long as the channel support holds, the upside movement could be expected to continue and next target would...

AUDUSD Daily Analysis – February 20, 2019

by ForexCycle.com | February 20, 2019 3:07 am
AUDUSD extended its upside movement from 0.7054 to as high as 0.7176. Further rise is still possible in the coming days and next target would be at 0.7200 area. Support is at the rising trend line on...

GBPUSD Daily Analysis – February 20, 2019

by ForexCycle.com | February 20, 2019 3:06 am
GBPUSD broke above 1.2996 resistance, suggesting that the downside movement from 1.3217 had completed at 1.2772 already. Further rally would likely be seen and next target would be at 1.3200 area. Near term support is at 1.3000,...

EURUSD Daily Analysis – February 20, 2019

by ForexCycle.com | February 20, 2019 3:05 am
EURUSD broke above 1.1341 resistance, suggesting that the downside movement from 1.1514 had completed at 1.1234 already. Further rally could be expected in a couple of days and next target would be at 1.1400 area. Support levels...

USDCAD Daily Analysis – February 19, 2019

by ForexCycle.com | February 19, 2019 2:01 am
USDCAD moved sideways in a trading range between 1.3195 and 1.3339. As long as 1.3195 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.3068, further rise towards 1.3450...

USDJPY Daily Analysis – February 19, 2019

by ForexCycle.com | February 19, 2019 2:00 am
USDJPY remains in the uptrend from 108.49. As long as the price is in the rising price channel on the 4-hour chart, the fall from 111.12 could be treated as consolidation for the uptrend, further rise towards...

AUDUSD Daily Analysis – February 19, 2019

by ForexCycle.com | February 19, 2019 1:59 am
AUDUSD extended its upside movement from 0.7054 to as high as 0.7160. Further rally is still possible and next target would be at 0.7200 area. On he downside, a breakdown below 0.7110 support would indicate that the...

GBPUSD Daily Analysis – February 19, 2019

by ForexCycle.com | February 19, 2019 1:59 am
GBPUSD broke above the top trend line of the price channel on the 4-hour chart. Further rally towards 1.2996 resistance could be expected in the coming days, above this level could signal completion of the downtrend from...

EURUSD Daily Analysis – February 19, 2019

by ForexCycle.com | February 19, 2019 1:58 am
EURUSD is facing 1.1341 resistance. As long as this level holds, the price action in the trading range between 1.1234 and 1.1341 could be treated as consolidation for the downtrend from 1.1514, another fall towards 1.1100 is...