GBPUSD Daily Analysis – March 6, 2018

by ForexCycle.com | March 6, 2018 4:01 am
No changed in our view, GBPUSD remains in the downtrend from 1.4144, the bounce from 1.3711 could be treated as consolidation for the downtrend. Near term resistance is at the top trend line of the price channel...

EURUSD Daily Analysis – March 6, 2018

by ForexCycle.com | March 6, 2018 4:00 am
EURUSD is now in uptrend from 1.2155. Near term support is at 1.2265, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.2500 area. On the...

USDCAD Daily Analysis – March 5, 2018

by ForexCycle.com | March 5, 2018 2:58 am
USDCAD is facing 1.2920 (Dec 19, 2017 high) resistance, a breakout of this level could take price towards 1.3100 area. Near term support is at 1.2809, a breakdown below this level could bring price back towards the...

USDJPY Daily Analysis – March 5, 2018

by ForexCycle.com | March 5, 2018 2:58 am
USDJPY broke below 105.54 support, suggesting that the downtrend from 113.75 (Dec 12, 2017 low) has resumed. Further decline could be expected and next target would be at 103.00 area. Near term resistance is at 106.00, as...

AUDUSD Daily Analysis – March 5, 2018

by ForexCycle.com | March 5, 2018 2:57 am
AUDUSD remains in the downtrend from 0.7988, the bounce from 0.7712 is likely consolidation for the downtrend. Near term resistance is at the bearish trend line on the 4-hour chart. As long as the trend line resistance...

GBPUSD Daily Analysis – March 5, 2018

by ForexCycle.com | March 5, 2018 2:56 am
GBPUSD remains in the downtrend from 1.4144, the bounce from 1.3711 could be treated as consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 1.3500 area. Resistance is...

EURUSD Daily Analysis – March 5, 2018

by ForexCycle.com | March 5, 2018 2:55 am
EURUSD broke above 1.2360 resistance, suggesting that the downside movement from 1.2555 had completed at 1.2155 already. Further rally is still possible after a corrective pullback and next target would be at 1.2500 area. Near term support...

USDCAD Weekly Analysis – March 4, 2018

by ForexCycle.com | March 4, 2018 1:15 pm
USDCAD extended its upside movement from 1.2248 to as high as 1.2915, facing the previous high resistance at 1.2920. A breakout of this level could take price to 1.3200 area. Support is at the rising trend line...

USDJPY Weekly Analysis – March 4, 2018

by ForexCycle.com | March 4, 2018 1:13 pm
USDJPY extended its downside movement from 113.75 to as low as 105.24. As long as the price is below the falling trend line on the daily chart, further decline would likely be seen and next target would...

AUDUSD Weekly Analysis – March 4, 2018

by ForexCycle.com | March 4, 2018 1:12 pm
AUDUSD broke below 0.7758 support and extended its downside movement from 0.8135 to as low as 0.7712. Further decline is still possible in a couple of weeks and next target would be at 0.7500 area. Near term...