USDCAD Daily Analysis – February 19, 2019

by ForexCycle.com | February 19, 2019 2:01 am
USDCAD moved sideways in a trading range between 1.3195 and 1.3339. As long as 1.3195 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.3068, further rise towards 1.3450...

USDJPY Daily Analysis – February 19, 2019

by ForexCycle.com | February 19, 2019 2:00 am
USDJPY remains in the uptrend from 108.49. As long as the price is in the rising price channel on the 4-hour chart, the fall from 111.12 could be treated as consolidation for the uptrend, further rise towards...

AUDUSD Daily Analysis – February 19, 2019

by ForexCycle.com | February 19, 2019 1:59 am
AUDUSD extended its upside movement from 0.7054 to as high as 0.7160. Further rally is still possible and next target would be at 0.7200 area. On he downside, a breakdown below 0.7110 support would indicate that the...

GBPUSD Daily Analysis – February 19, 2019

by ForexCycle.com | February 19, 2019 1:59 am
GBPUSD broke above the top trend line of the price channel on the 4-hour chart. Further rally towards 1.2996 resistance could be expected in the coming days, above this level could signal completion of the downtrend from...

EURUSD Daily Analysis – February 19, 2019

by ForexCycle.com | February 19, 2019 1:58 am
EURUSD is facing 1.1341 resistance. As long as this level holds, the price action in the trading range between 1.1234 and 1.1341 could be treated as consolidation for the downtrend from 1.1514, another fall towards 1.1100 is...

USDCAD Daily Analysis – February 18, 2019

by ForexCycle.com | February 18, 2019 2:34 am
USDCAD is facing 1.3195 support, a breakdown below this level would indicate that the upside movement from 1.3068 had completed at 1.3339 already, then another fall towards 1.3100 could be seen. On the upside, as long as...

USDJPY Daily Analysis – February 18, 2019

by ForexCycle.com | February 18, 2019 2:33 am
USDJPY stays in a bullish price channel on the 4-hour chart. As long as the price is in the channel, the fall from 111.12 could be treated as consolidation for the uptrend from 108.49, and further rise...

AUDUSD Daily Analysis – February 18, 2019

by ForexCycle.com | February 18, 2019 2:32 am
AUDUSD broke above 0.7135 resistance. Further rally is still possible and next target would be at 0.7200 area. Near term support is at 0.7110, a break below this level could bring the price back to test 0.7054...

GBPUSD Daily Analysis – February 18, 2019

by ForexCycle.com | February 18, 2019 2:31 am
GBPUSD is facing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2772 could be treated as consolidation for the downtrend from 1.3217, further decline...

EURUSD Daily Analysis – February 18, 2019

by ForexCycle.com | February 18, 2019 2:31 am
EURUSD is in consolidation for the downtrend from 1.1514. Range trading between 1.1234 and 1.1341 would likely be seen in a couple of days. As long as 1.1341 resistance holds, the downtrend could be expected to resume...