USDCAD Daily Analysis – March 30, 2020

by ForexCycle.com | March 30, 2020 3:22 am
USDCAD broke below 1.4148 support, suggesting that the upside movement from 1.3201 had completed at 1.4667 already. Further decline would likely be seen and next target would be at 1.3800 area. Resistance is at 1.4155, a break...

USDJPY Daily Analysis – March 30, 2020

by ForexCycle.com | March 30, 2020 3:21 am
USDJPY broke below the bullish price channel on the 4-hour chart, suggesting that the upside movement from 101.17 had completed at 111.71 already. Further decline would likely be seen after a minor consolidation and next target would...

AUDUSD Daily Analysis – March 30, 2020

by ForexCycle.com | March 30, 2020 3:20 am
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.5507. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could...

GBPUSD Daily Analysis – March 30, 2020

by ForexCycle.com | March 30, 2020 3:19 am
GBPUSD extended its upside movement from 1.1409 to as high as 1.2485. Further rise would likely be seen after a minor consolidation and next target would be at 1.2600 area. Near term support is at 1.2280, a...

EURUSD Daily Analysis – March 30, 2020

by ForexCycle.com | March 30, 2020 3:18 am
EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.1496 had completed at 1.0635 already. Further rally is still possible after a minor consolidation and next target would be...

USDCAD Weekly Analysis – March 29, 2020

by ForexCycle.com | March 29, 2020 11:07 am
USDCAD dropped sharply from 1.4667 to 1.3920. Further decline would likely be seen next week, and next target would be at the rising trend line on the daily chart. Near term resistance is at 1.4270, a break...

USDJPY Weekly Analysis – March 29, 2020

by ForexCycle.com | March 29, 2020 11:05 am
USDJPY failed to break above 112.22 resistance and pulled back from 111.71. However, another rise to test 112.22 resistance is possible next week, a break of this level could trigger further upside movement towards 115.50 resistance. Support...

AUDUSD Weekly Analysis – March 29, 2020

by ForexCycle.com | March 29, 2020 11:04 am
AUDUSD bounced strongly from 0.5507 to as high as 1.6199. Further rally would likely be seen next week, and next target would be at the falling trend line on the daily chart. As long as the trend...

GBPUSD Weekly Analysis – March 29, 2020

by ForexCycle.com | March 29, 2020 11:03 am
GBPUSD rebounded strongly from 1.1409. Further rally would likely be seen next week, and next target would be at the falling trend line on the daily chart. As long as the trend line resistance holds, the downtrend...

EURUSD Weekly Analysis – March 29, 2020

by ForexCycle.com | March 29, 2020 11:02 am
After breaking below 1.0778 support, EURUSD rebounded strongly from 1.0635. However, the bounce is likely corrective consolidation for the downtrend from 1.1496, another fall towards 1.0400 is still possible after the consolidation.