USDCAD Daily Analysis – March 13, 2018

by ForexCycle.com | March 13, 2018 2:27 am
USDCAD remains in the uptrend from 1.2247, the pullback from 1.3000 is likely consolidation for the uptrend. Support is located at the bottom trend line of the price channel on the 4-hour chart. As long as the...

USDJPY Daily Analysis – March 13, 2018

by ForexCycle.com | March 13, 2018 2:26 am
USDJPY remains in the uptrend from 105.24, the fall from 107.05 is likely consolidation for the uptrend. Support is at the bottom trend line of the price channel on the 4-hour chart. As long as the channel...

AUDUSD Daily Analysis – March 13, 2018

by ForexCycle.com | March 13, 2018 2:26 am
AUDUSD extended its upside movement from 0.7712 to as high as 0.7884. The key support is located at the bullish trend line on the 4-hour chart. As long as the trend line support holds, the upside movement...

GBPUSD Daily Analysis – March 13, 2018

by ForexCycle.com | March 13, 2018 2:25 am
GBPUSD is facing 1.3929 resistance. A breakout of this level would indicate that the uptrend from 1.3711 has resumed, then the following upside movement could take price towards next resistance level at 1.4069. Near term support is...

EURUSD Daily Analysis – March 13, 2018

by ForexCycle.com | March 13, 2018 2:25 am
EURUSD remains in the short term downtrend from 1.2446, the bounce from 1.2273 could be treated as correction for the downtrend. Near term resistance is at 1.2390, as long as this level holds, the downtrend could be...

USDCAD Daily Analysis – March 12, 2018

by ForexCycle.com | March 12, 2018 2:47 am
USDCAD broke below the bullish trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2247 is underway. Deeper decline is still possible in a couple of days and the target would be...

USDJPY Daily Analysis – March 12, 2018

by ForexCycle.com | March 12, 2018 2:46 am
USDJPY extended its upside movement from 105.24 to as high as 107.05. Further rise towards 107.90 resistance is possible in the coming days. Support level is at 106.00, only break below this level could bring price back...

AUDUSD Daily Analysis – March 12, 2018

by ForexCycle.com | March 12, 2018 2:46 am
AUDUSD broke above 0.7842 resistance, suggesting that the uptrend from 0.7712 has resumed. Further rally could be expected in a couple of days and next target would be at 0.7930 area. Support level is now at 0.7772,...

GBPUSD Daily Analysis – March 12, 2018

by ForexCycle.com | March 12, 2018 2:45 am
GBPUSD is in short term downtrend from 1.3929, the bounce from 1.3781 is likely correction for the downtrend. As long as 1.3929 resistance holds, another fall to test 1.3711 support could be expected. A breakdown below this...

EURUSD Daily Analysis – March 12, 2018

by ForexCycle.com | March 12, 2018 2:44 am
EURUSD is in short term downtrend from 1.2446. Further decline would likely be seen and next target would be at 1.2155 support. A breakdown below this level would confirm that the whole uptrend from 1.1554 (Nov 7,...