USDCAD Daily Analysis – April 9, 2019

by ForexCycle.com | April 9, 2019 2:50 am
USDCAD is facing 1.3295 support, a breakdown below this level could trigger further downside movement towards 1.3200 area. Near term resistance is at 1.3340, above this level could bring the price back towards 1.3402 resistance.

USDJPY Daily Analysis – April 9, 2019

by ForexCycle.com | April 9, 2019 2:50 am
USDJPY is facing 111.20 key support, a breakdown below this level would indicate that the upside movement from 109.70 had completed at 111.82 already, then deeper decline to 110.00 area could be seen. Resistance is at 111.82,...

AUDUSD Daily Analysis – April 9, 2019

by ForexCycle.com | April 9, 2019 2:49 am
AUDUSD is now in the uptrend from 0.7052. Further rally could be expected in a couple of days and next target would be at 0.7200 area. Near term support is at 0.7085, only a breakdown below this...

GBPUSD Daily Analysis – April 9, 2019

by ForexCycle.com | April 9, 2019 2:48 am
GBPUSD failed to break below 1.2960 support and rebounded from 1.2986. Further rally would likely be seen in a couple of days and next target would be at 1.3196 resistance, above this level could trigger further upside...

EURUSD Daily Analysis – April 9, 2019

by ForexCycle.com | April 9, 2019 2:47 am
EURUSD broke above 1.1254 resistance, suggesting that the downside movement from 1.1448 had completed at 1.1183 already. Further rally could be expected in the coming days and next target would be at 1.1300 area. Support is located...

USDCAD Daily Analysis – April 8, 2019

by ForexCycle.com | April 8, 2019 3:31 am
USDCAD broke above 1.3373 resistance, suggesting that the downside movement from 1.3450 had completed at 1.3295 already. Further rally is still possible in the coming days and next target would be at 1.3430 area. Support is at...

USDJPY Daily Analysis – April 8, 2019

by ForexCycle.com | April 8, 2019 3:30 am
USDJPY broke below the bullish trend line on the 4-hour chart, suggesting that consolidation for the uptrend from 109.70 is underway. Range trading between 111.20 and 111.82 would likely be seen in a couple of days. As...

AUDUSD Daily Analysis – April 8, 2019

by ForexCycle.com | April 8, 2019 3:29 am
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 0.7168 had completed at 0.7052 already. Another rise towards 0.7200 would likely be seen in the coming days. Support is...

GBPUSD Daily Analysis – April 8, 2019

by ForexCycle.com | April 8, 2019 3:29 am
GBPUSD is facing 1.2960 support once again, a breakdown below this level could trigger further downside movement towards 1.2850 area. Resistance is at 1.3196, above this level could take the price to 1.3300 area.

EURUSD Daily Analysis – April 8, 2019

by ForexCycle.com | April 8, 2019 3:28 am
EURUSD moved sideways in a trading range between 1.1183 and 1.1254. As long as 1.1254 resistance holds, the price action in the trading range could be treated as consolidation for the downtrend from 1.1448, a breakdown below...