USDCAD Daily Analysis – February 17, 2020

by ForexCycle.com | February 17, 2020 3:35 am
USDCAD is facing the support of the rising price channel on the 4-hour chart. As long as the channel support holds, the fall from 1.3328 could be treated as consolidation for the uptrend, and further rise to...

USDJPY Daily Analysis – February 17, 2020

by ForexCycle.com | February 17, 2020 3:33 am
USDJPY continued its sideways movement in a trading range between 109.53 and 110.13. The sideways movement is likely consolidation for the uptrend from 108.30, further rise to 110.50 area is possible after the consolidation. Support is at...

AUDUSD Daily Analysis – February 17, 2020

by ForexCycle.com | February 17, 2020 3:32 am
AUDUSD is testing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the price action from 06678 could be treated as consolidation for the downtrend from 0.7031, further...

GBPUSD Daily Analysis – February 17, 2020

by ForexCycle.com | February 17, 2020 3:31 am
GBPUSD extended its upside movement from 1.2871 to as high as 1.3069. 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 next...

EURUSD Daily Analysis – February 17, 2020

by ForexCycle.com | February 17, 2020 3:29 am
EURUSD remains in the downtrend from 1.1095. As long as 1.0888 resistance holds, the downside movement could be expected to continue and next target would be at 1.0750 area. On the upside, a break of 1.0888 resistance...

USDCAD Daily Analysis – February 14, 2020

by ForexCycle.com | February 14, 2020 3:46 am
USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2951. As long as the channel support holds, the pullback from 1.3328 could be treated as consolidation for the uptrend,...

USDJPY Daily Analysis – February 14, 2020

by ForexCycle.com | February 14, 2020 3:44 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, and further rise towards 110.50 is...

AUDUSD Daily Analysis – February 14, 2020

by ForexCycle.com | February 14, 2020 3:43 am
AUDUSD is facing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, another fall towards 0.6600 could be expected. On the upside, a breakout of the channel resistance...

GBPUSD Daily Analysis – February 14, 2020

by ForexCycle.com | February 14, 2020 3:41 am
GBPUSD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 1.3209 had completed at 1.2871 already. Further rally would likely be seen and next target would be at 1.3150 area....

EURUSD Daily Analysis – February 14, 2020

by ForexCycle.com | February 14, 2020 3:39 am
EURUSD extended its downside movement from 1.1095 to as low as 1.0827. Further decline is still possible after a minor consolidation and next target would be at 1.0750 area. Resistance is now at 1.0888, only break above...