USDCAD Daily Analysis – April 9, 2020

by ForexCycle.com | April 9, 2020 2:08 am
USDCAD is testing 1.2920 support, a breakdown below this level could trigger further downside movement towards 1.3700. Near term resistance is at 1.4080, a break of this level could bring the price back towards 1.4348 resistance.

USDJPY Daily Analysis – April 9, 2020

by ForexCycle.com | April 9, 2020 2:07 am
USDJPY is in consolidation for the uptrend from 106.91. Range trading between 108.10 and 109.38 would likely be seen in a couple of days. As long as 108.10 support holds, the upside movement could be expected to...

AUDUSD Daily Analysis – April 9, 2020

by ForexCycle.com | April 9, 2020 2:02 am
AUDUSD broke above 0.6213 resistance, suggesting that the uptrend from 0.5507 has resumed. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and...

GBPUSD Daily Analysis – April 9, 2020

by ForexCycle.com | April 9, 2020 2:00 am
GBPUSD is facing the resistance of the falling price channel on the 4-hour chart. A breakout of the channel resistance would indicate that the upside movement from 1.1409 has resumed, then further rise to 1.2800 area could...

EURUSD Daily Analysis – April 9, 2020

by ForexCycle.com | April 9, 2020 1:58 am
EURUSD is now in the uptrend from 1.0768, the pullback from 1.0926 is likely corrective consolidation for the uptrend. Further rise is possible after the consolidation and next target would be at 1.0950 area. Near term support...

USDCAD Daily Analysis – April 8, 2020

by ForexCycle.com | April 8, 2020 3:33 am
USDCAD is facing 1.3920 support, a breakdown below this level could signal resumption of the downtrend from 1.4667, then next target would be at 1.3700 area. Near term resistance is at 1.4070, a break of this level...

USDJPY Daily Analysis – April 8, 2020

by ForexCycle.com | April 8, 2020 3:29 am
USDJPY remains in the uptrend from 106.91, the pullback from 109.38 is likely consolidation for the uptrend. Another rise could be expected after the consolidation and next target would be at 110.50 area. Near term support is...

AUDUSD Daily Analysis – April 8, 2020

by ForexCycle.com | April 8, 2020 3:23 am
AUDUSD is facing 0.6213 resistance, a breakout of this level could signal resumption of the uptrend from 0.5507, then next target would be at 0.6400 area. Near term support is at 0.6070, a breakdown below this level...

GBPUSD Daily Analysis – April 8, 2020

by ForexCycle.com | April 8, 2020 3:21 am
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.2485. As long as the channel resistance holds, the bounce from 1.2164 could be treated as consolidation for the downtrend...

EURUSD Daily Analysis – April 8, 2020

by ForexCycle.com | April 8, 2020 3:19 am
EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.1147 had completed at 1.0768 already. Further rally would likely be seen and next target would be at 1.0950 area....