EURUSD Daily Analysis – February 19, 2020

by ForexCycle.com | February 19, 2020 2:56 am
EURUSD remains in the downtrend from 1.1095, further decline would likely be seen after a minor consolidation and next target would be at 1.0700 area. Key resistance is at 1.0661, a break of this level could bring...

USDCAD Daily Analysis – February 18, 2020

by ForexCycle.com | February 18, 2020 3:11 am
USDCAD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.2951 had completed at 1.3328 already. Further decline would likely be seen and next target would be at 1.3180 area....

USDJPY Daily Analysis – February 18, 2020

by ForexCycle.com | February 18, 2020 3:10 am
USDJPY stays in a trading range between 109.53 and 110.13. The price action in the trading range is likely consolidation for the uptrend from 108.30, a breakout of 110.13 resistance could trigger further upside movement towards 110.50....

AUDUSD Daily Analysis – February 18, 2020

by ForexCycle.com | February 18, 2020 3:09 am
AUDUSD failed to break above the resistance of the price channel on the 4-hour chart and pulled back from 0.6749. Further decline would likely be seen and next target would be at 0.6600 area. Near term resistance...

GBPUSD Daily Analysis – February 18, 2020

by ForexCycle.com | February 18, 2020 3:08 am
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2871 had completed at 1.3069 already. Further decline would likely be seen and next target would be at 1.2871 support....

EURUSD Daily Analysis – February 18, 2020

by ForexCycle.com | February 18, 2020 3:07 am
EURUSD extended its downside movement from 1.1095 to as low as 1.0823. Further decline is still possible and next get would be at 1.0750 area. Resistance is at 1.0861, a break of this level could bring the...

USDCAD Daily Analysis – February 17, 2020

by ForexCycle.com | February 17, 2020 3:35 am
USDCAD is facing the support of the rising price channel on the 4-hour chart. As long as the channel support holds, the fall from 1.3328 could be treated as consolidation for the uptrend, and further rise to...

USDJPY Daily Analysis – February 17, 2020

by ForexCycle.com | February 17, 2020 3:33 am
USDJPY continued its sideways movement in a trading range between 109.53 and 110.13. The sideways movement is likely consolidation for the uptrend from 108.30, further rise to 110.50 area is possible after the consolidation. Support is at...

AUDUSD Daily Analysis – February 17, 2020

by ForexCycle.com | February 17, 2020 3:32 am
AUDUSD is testing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the price action from 06678 could be treated as consolidation for the downtrend from 0.7031, further...

GBPUSD Daily Analysis – February 17, 2020

by ForexCycle.com | February 17, 2020 3:31 am
GBPUSD extended its upside movement from 1.2871 to as high as 1.3069. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...