USDCAD Daily Analysis – February 20, 2020

by ForexCycle.com | February 20, 2020 2:03 am
USDCAD broke below 1.3224 support, suggesting that the downtrend from 1.3328 has resumed. Further decline would likely be seen and next target would be at 1.3180 area. Resistance is located at the falling trend line on the...

USDJPY Daily Analysis – February 20, 2020

by ForexCycle.com | February 20, 2020 2:02 am
USDJPY’s upside movement from 108.30 extended to as high as 111.58. Further rise could be expected after a minor consolidation and next target would be at 112.00 area. Near term support is at 110.80, as long as...

AUDUSD Daily Analysis – February 20, 2020

by ForexCycle.com | February 20, 2020 2:01 am
AUDUSD extended its downside movement from 0.6749 to as low as 0.6665, facing 0.6661 support, a breakdown below this level could trigger further downside movement to 0.6600 area. Near term resistance is at 0.6700, a break of...

GBPUSD Daily Analysis – February 20, 2020

by ForexCycle.com | February 20, 2020 2:00 am
GBPUSD extended its downside movement from 1.3069 to as low as 1.2907, facing the support level at 1.2871, a breakdown below this level would aim 1.2800 area. Resistance is at 1.2960, only break above this level could...

EURUSD Daily Analysis – February 20, 2020

by ForexCycle.com | February 20, 2020 1:58 am
EURUSD extended its downside movement from 1.1095 to as low as 1.0782. As long as 1.0861 resistance holds, the downside movement could be expected to continue and next target would be at 1.0700 area, only break above...

USDCAD Daily Analysis – February 19, 2020

by ForexCycle.com | February 19, 2020 3:01 am
USDCAD broke above 1.3270 resistance, suggesting that the downside movement from 1.3328 had completed at 1.3224 already. Further rally would likely be seen and next target would be at 1.3300 area. Support is at 1.3224, only break...

USDJPY Daily Analysis – February 19, 2020

by ForexCycle.com | February 19, 2020 3:00 am
USDJPY moved sideways in a trading range between 109.53 and 110.13. As long as 109.53 support holds, the price action in the range could be treated as consolidation for the uptrend from 108.30, and further rise towards...

AUDUSD Daily Analysis – February 19, 2020

by ForexCycle.com | February 19, 2020 2:59 am
AUDUSD is facing 0.6661 support, a breakdown below this level could trigger further downside movement to 0.6600 area. Near term resistance is at 0.6700, a break of this level could bring the price back towards the top...

GBPUSD Daily Analysis – February 19, 2020

by ForexCycle.com | February 19, 2020 2:57 am
GBPUSD is now in the downtrend from 1.3069, further decline could be expected in a couple of days and next target would be at 1.2871 support. Resistance is at 1.3069, a break of this level could trigger...

EURUSD Daily Analysis – February 19, 2020

by ForexCycle.com | February 19, 2020 2:56 am
EURUSD remains in the downtrend from 1.1095, further decline would likely be seen after a minor consolidation and next target would be at 1.0700 area. Key resistance is at 1.0661, a break of this level could bring...