USDCAD Daily Analysis – April 8, 2020

by ForexCycle.com | April 8, 2020 3:33 am
USDCAD is facing 1.3920 support, a breakdown below this level could signal resumption of the downtrend from 1.4667, then next target would be at 1.3700 area. Near term resistance is at 1.4070, a break of this level...

USDJPY Daily Analysis – April 8, 2020

by ForexCycle.com | April 8, 2020 3:29 am
USDJPY remains in the uptrend from 106.91, the pullback from 109.38 is likely consolidation for the uptrend. Another rise could be expected after the consolidation and next target would be at 110.50 area. Near term support is...

AUDUSD Daily Analysis – April 8, 2020

by ForexCycle.com | April 8, 2020 3:23 am
AUDUSD is facing 0.6213 resistance, a breakout of this level could signal resumption of the uptrend from 0.5507, then next target would be at 0.6400 area. Near term support is at 0.6070, a breakdown below this level...

GBPUSD Daily Analysis – April 8, 2020

by ForexCycle.com | April 8, 2020 3:21 am
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.2485. As long as the channel resistance holds, the bounce from 1.2164 could be treated as consolidation for the downtrend...

EURUSD Daily Analysis – April 8, 2020

by ForexCycle.com | April 8, 2020 3:19 am
EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.1147 had completed at 1.0768 already. Further rally would likely be seen and next target would be at 1.0950 area....

USDCAD Daily Analysis – April 7, 2020

by ForexCycle.com | April 7, 2020 2:18 am
USDCAD stays in a trading range between 1.3920 and 1.4348. As long as 1.4348 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.4667, and further decline to 1.3800...

USDJPY Daily Analysis – April 7, 2020

by ForexCycle.com | April 7, 2020 2:17 am
USDJPY is now in the uptrend from 106.91, further rise would likely be seen after a minor consolidation and next target would be at 110.00 area. Near term support is at 108.10, only break below this level...

AUDUSD Daily Analysis – April 7, 2020

by ForexCycle.com | April 7, 2020 2:16 am
AUDUSD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 0.6213 had completed at 0.5979 already. Further rally would likely be seen and next target would be at 0.6213 resistance,...

GBPUSD Daily Analysis – April 7, 2020

by ForexCycle.com | April 7, 2020 2:14 am
GBPUSD is now in the downtrend from 1.2485, further decline could be expected after a minor consolidation and next target would be at 1.1900 area. Near term resistance is at 1.2330, only break above this level could...

EURUSD Daily Analysis – April 7, 2020

by ForexCycle.com | April 7, 2020 2:13 am
EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1147. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...