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...

EURUSD Weekly Analysis – March 8, 2020

by ForexCycle.com | March 8, 2020 2:02 pm
EURUSD extended its upside movement from 1.0778 to as high as 1.1354, breaking above 1.1239 resistance. Further rally is still possible after a minor consolidation and next target would be at 1.1500 area. Near term support is...

USDCAD Daily Analysis – March 6, 2020

by ForexCycle.com | March 6, 2020 2:21 am
USDCAD extended its upside movement from 1.3314 to as high as 1.3438. Further rise would likely be seen and next target would be at 1.3463 resistance, followed by 1.3500 area. Near term support is at 1.3375, a...

USDJPY Daily Analysis – March 6, 2020

by ForexCycle.com | March 6, 2020 2:19 am
USDJPY extended its downside movement from 112.22 to as low as 105.96. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...

AUDUSD Daily Analysis – March 6, 2020

by ForexCycle.com | March 6, 2020 2:18 am
AUDUSD moved sideways in a trading range between 0.6575 and 0.6645. As long as 0.6575 support holds, the price action in the range could be treated as consolidation for the uptrend from 0.6433, and further rise to...