GBPUSD Daily Analysis – April 20, 2020

by ForexCycle.com | April 20, 2020 1:07 am
GBPUSD remains in the downtrend from 1.2647, further decline would likely be seen in a couple of days and next target would be at 1.2300 area. Near term resistance is at 1.2575, only break above this level...

EURUSD Daily Analysis – April 20, 2020

by ForexCycle.com | April 20, 2020 1:05 am
EURUSD remains in the downtrend from 1.0990, the bounce from 1.0812 is likely consolidation for the downtrend. As long as 1.0905 resistance holds, the downtrend could be expected to resume, and further decline to 1.0700 area is...

USDCAD Weekly Analysis – April 19, 2020

by ForexCycle.com | April 19, 2020 2:57 am
USDCAD broke below 1.3920 support, suggesting that the downside movement from 1.4667 has resumed. Further decline would likely be seen and next target would be at 1.3600 area. Resistance is at 1.4250, a break of this level...

USDJPY Weekly Analysis – April 19, 2020

by ForexCycle.com | April 19, 2020 2:50 am
USDJPY is facing 106.90 support, a breakdown below this level could trigger further downside movement towards 104.00. On the upside, as long as 106.90 support holds, the pullback from 111.71 could be treated as consolidation for the...

AUDUSD Weekly Analysis – April 19, 2020

by ForexCycle.com | April 19, 2020 2:48 am
AUDUSD extended its upside movement from 0.5507 to as high as 0.6444, facing the resistance at the falling trend line on the daily chart, a breakout of the trend line resistance could trigger further upside movement to...

GBPUSD Weekly Analysis – April 19, 2020

by ForexCycle.com | April 19, 2020 2:45 am
GBPUSD extended its upside movement from 1.1409 to as high as 1.2647. Further rise is still possible after a minor consolidation and next target would be at the falling trend line on the daily chart. Key support...

EURUSD Weekly Analysis – April 19, 2020

by ForexCycle.com | April 19, 2020 2:40 am
EURUSD continued its sideways movement in a trading range between 1.0635 and 1.1147. The sideways movement is likely consolidation for the downtrend from 1.1496 and another fall towards 1.0400 could be expected after the consolidation, only break...

USDCAD Daily Analysis – April 17, 2020

by ForexCycle.com | April 17, 2020 1:50 am
USDCAD remains in the uptrend from 1.3854, the pullback from 1.4182 is likely corrective consolidation for the uptrend. Another rise could be expected after the consolidation and a break of 1.4182 resistance could take the price to...

USDJPY Daily Analysis – April 17, 2020

by ForexCycle.com | April 17, 2020 1:49 am
USDJPY is now in the uptrend from 106.92, further rally would likely be seen in a couple of days and next target would be at 109.00 area. Support is at 106.91, only break below this level could...

AUDUSD Daily Analysis – April 17, 2020

by ForexCycle.com | April 17, 2020 1:48 am
AUDUSD rebounded strongly from 0.6263, suggesting that the fall from 0.6444 had completed. Further rise would likely be seen and next target would be at 0.6444 resistance, followed by 0.6550 area. Support is at 0.6263, only break...