USDCAD Daily Analysis – February 7, 2020

by ForexCycle.com | February 7, 2020 4:46 am
USDCAD broke below the support of the rising price channel on the 4-hour chart and moved sideways in a trading range between 1.3262 and 1.3308. A breakdown below 1.3262 support would indicate that the upside movement from...

USDJPY Daily Analysis – February 7, 2020

by ForexCycle.com | February 7, 2020 4:43 am
USDJPY remains in the uptrend from 108.30. Further rise would likely be seen in the coming days and next target would be at 110.28 resistance. Near term support is at 109.55, a breakdown below this level could...

AUDUSD Daily Analysis – February 7, 2020

by ForexCycle.com | February 7, 2020 4:40 am
AUDUSD failed to break above 0.6777 resistance and moved sideways in a trading range between 0.6678 and 0.6777. As long as 0.6777 resistance holds, the price action in the range could be treated as consolidation for the...

GBPUSD Daily Analysis – February 7, 2020

by ForexCycle.com | February 7, 2020 4:35 am
GBPUSD’s downside movement from 1.3209 extended to as low as 1.2920. Further decline would likely be seen in the coming days and next target would be at 1.2800 area. Near term resistance is at 1.3000, a break...

EURUSD Daily Analysis – February 7, 2020

by ForexCycle.com | February 7, 2020 4:33 am
EURUSD broke below 1.0992 support and extended its downside movement from 1.1239 to as low as 1.0964. Further decline could be expected in the coming days and next target would be at 1.0900 area. Near term resistance...

USDCAD Daily Analysis – February 6, 2020

by ForexCycle.com | February 6, 2020 4:23 am
USDCAD remains in the uptrend from 1.3035. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3350...

USDJPY Daily Analysis – February 6, 2020

by ForexCycle.com | February 6, 2020 4:22 am
USDJPY extended its upside movement from 108.30 to as high as 109.90. Further rise would likely be seen after a minor consolidation and next target would be at 110.28 resistance. Near term support is at 109.55, below...

AUDUSD Daily Analysis – February 6, 2020

by ForexCycle.com | February 6, 2020 4:21 am
AUDUSD is facing 0.6777 resistance. As long as this level holds, the bounce from 0.6678 could be treated as consolidation for the downtrend from 0.7031, another fall to 0.6600 area is possible after the consolidation, only break...

GBPUSD Daily Analysis – February 6, 2020

by ForexCycle.com | February 6, 2020 4:20 am
GBPUSD remains in the downtrend from 1.3209, further decline would likely be seen in the coming days, and next target would be at 1.2800 area. Near term resistance is at 1.3070, a break of this level could...

EURUSD Daily Analysis – February 6, 2020

by ForexCycle.com | February 6, 2020 4:18 am
EURUSD is facing 1.0992 support, a breakdown below this level could trigger further downside movement towards 1.0950. Near term resistance is at 1.1020, a break of this level could bring the price back towards the top of...