GBPUSD Daily Analysis – March 10, 2020

by ForexCycle.com | March 10, 2020 3:40 am
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2725. As long as the channel support holds, the upside movement could be expected to continue and next target would...

EURUSD Daily Analysis – March 10, 2020

by ForexCycle.com | March 10, 2020 3:39 am
EURUSD stays in a bullish trend line on the 4-hour chart and remains in the uptrend from 1.0778. As long as the trend line support holds, the pullback from 1.1496 could be treated as consolidation for the...

USDCAD Daily Analysis – March 9, 2020

by ForexCycle.com | March 9, 2020 3:11 am
USDCAD’s upside movement from 1.3314 extended to as high as 1.3759. Further rise is still possible after a minor consolidation and next target would be at 1.3850 area. Near term support is at 1.3570, as long as...

USDJPY Daily Analysis – March 9, 2020

by ForexCycle.com | March 9, 2020 3:10 am
USDJPY’s downside movement from 112.22 extended to as low as 101.53. Further decline is still possible after a minor consolidation and next target would be at 100.50 area. Near term resistance is at 103.50, a break of...

GBPUSD Daily Analysis – March 9, 2020

by ForexCycle.com | March 9, 2020 3:09 am
GBPUSD extended its upside movement from 1.2725 to as high as 1.3124. Further rally is still possible after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.3040, a breakdown...

EURUSD Daily Analysis – March 9, 2020

by ForexCycle.com | March 9, 2020 3:08 am
EURUSD continued its upside movement from 1.0778 and the rise extended to as high as 1.1496. Further rise could be expected after a minor consolidation and next target would be at 1.1600 area. Near term support is...

USDCAD Weekly Analysis – March 8, 2020

by ForexCycle.com | March 8, 2020 2:18 pm
USDCAD stays above a rising trend line on the daily chart and remains in the uptrend from 1.2951. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDJPY Weekly Analysis – March 8, 2020

by ForexCycle.com | March 8, 2020 2:16 pm
USDJPY dropped sharply from 112.22 to as low as 104.99. Further decline could be expected after a minor consolidation and next target would be at 104.44 support, followed by 102.00 area. Near term resistance is at 106.20,...

AUDUSD Weekly Analysis – March 8, 2020

by ForexCycle.com | March 8, 2020 2:14 pm
AUDUSD broke above the falling trend line on the daily chart, suggesting that the downtrend from 0.7031 had completed at 0.6433 already. Further rally could be expected and next target would be at 0.6900 area. Near term...

GBPUSD Weekly Analysis – March 8, 2020

by ForexCycle.com | March 8, 2020 2:04 pm
GBPUSD’s bounce from 1.2725 extended to as high as 1.3051. Further rally would likely be seen next week and the target would be at the falling trend line on the daily chart. As long as the trend...