GBPUSD Daily Analysis – May 7, 2020
GBPUSD extended its downside movement from 1.2642 to as low as 1.2320. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...
Author: ForexCycle.com
EURUSD Daily Analysis – May 7, 2020
EURUSD extended its downside movement from 1.1018 to as low as 1.0781. Further decline is still possible in a couple of days and next target would be at 1.0727 support. Near term resistance is at 1.0830, a...
USDCAD Daily Analysis – May 6, 2020
USDCAD broke below 1.4045 support, suggesting that the upside movement from 1.3849 had completed at 1.4151 already. Further decline would likely be seen and next target would be at 1.3900 area. Resistance is at 1.4151, only break...
USDJPY Daily Analysis – May 6, 2020
USDJPY extended its downside movement from 109.38 to as low as 106.20, breaking below 106.35 support. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected...
AUDUSD Daily Analysis – May 6, 2020
AUDUSD remains in the downtrend from 0.6569. As long as 0.6500 resistance holds, the downside movement could be expected to continue and next target would be at 0.6250 area. On the upside, a breakout of 0.6500 resistance...
GBPUSD Daily Analysis – May 6, 2020
GBPUSD remains in the downtrend from 1.2642. Further decline could be expected after a minor consolidation and next target would be at 1.2200 area. Near term resistance is at 1.2540, only break above this level could trigger...
EURUSD Daily Analysis – May 6, 2020
EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.0727 had completed at 1.1018 already. Further decline could be expected and next target would be at 1.0750 area. Near...
USDCAD Daily Analysis – May 5, 2020
USDCAD remains in the uptrend from 1.3849, the pullback from 1.4151 is likely consolidation for the uptrend. Range trading between 1.4045 and 1.4151 would likely be seen in a couple of days. As long as 1.4045 support...
USDJPY Daily Analysis – May 5, 2020
USDJPY stays in a falling price channel on the 4-hour chart and remains in the downtrend from 109.38. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
AUDUSD Daily Analysis – May 5, 2020
AUDUSD is now in the downtrend from 0.6569. Further decline would likely be seen after consolidation and next target would be at 0.6250 area. Resistance is at 0.6500, only break above this level could trigger another rise...