GBPUSD Daily Analysis – March 18, 2020

by ForexCycle.com | March 18, 2020 4:08 am
GBPUSD extended its downside movement from 1.3199 to as low as 1.2001. Further decline is still possible after a minor consolidation and next target would be at 1.1900 area. Near term resistance is at 1.2200, only break...

EURUSD Daily Analysis – March 18, 2020

by ForexCycle.com | March 18, 2020 4:07 am
EURUSD extended its downside movement from 1.1496 to as low as 1.0955. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next...

USDCAD Daily Analysis – March 17, 2020

by ForexCycle.com | March 17, 2020 4:12 am
USDCAD extended its upside movement from 1.3201 to as high as 1.4019. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next...

USDJPY Daily Analysis – March 17, 2020

by ForexCycle.com | March 17, 2020 4:12 am
USDJPY remains in the uptrend from 101.17. As long as the price is above the rising trend line on the 4-hour chart, the pullback from 108.49 could be treated as consolidation for the uptrend, and further rise...

AUDUSD Daily Analysis – March 17, 2020

by ForexCycle.com | March 17, 2020 4:11 am
AUDUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 0.6684. As long as the trend line resistance holds, the downside could be expected to continue and next target would...

GBPUSD Daily Analysis – March 17, 2020

by ForexCycle.com | March 17, 2020 4:10 am
GBPUSD’s downside movement from 1.3199 extended to as low as 1.2201. Further decline would likely be seen after a minor consolidation and next target would be at 1.2100 area. Near term resistance is at 1.2420, a break...

EURUSD Daily Analysis – March 17, 2020

by ForexCycle.com | March 17, 2020 4:09 am
EURUSD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 1.1496 had completed at 1.1055 already. Further rally would likely be seen in the coming days and a break of...

USDCAD Daily Analysis – March 16, 2020

by ForexCycle.com | March 16, 2020 1:56 am
USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3201. As long as the channel support holds, the pullback from 1.3994 could be treated as consolidation for the uptrend,...

USDJPY Daily Analysis – March 16, 2020

by ForexCycle.com | March 16, 2020 1:55 am
USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 101.17. As long as the trend line support holds, the upside movement could be expected to continue and next target...