USDCAD Daily Analysis – February 5, 2020

by ForexCycle.com | February 5, 2020 4:27 am
USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3035. As long as the channel support holds, the pullback from 1.3303 could be treated as consolidation for the uptrend,...

USDJPY Daily Analysis – February 5, 2020

by ForexCycle.com | February 5, 2020 4:24 am
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 110.28 had completed at 108.30 already. Further rally would likely be seen in the coming days and next target would be...

AUDUSD Daily Analysis – February 5, 2020

by ForexCycle.com | February 5, 2020 4:23 am
AUDUSD is in consolidation for the downtrend from 0.7031. Range trading between 0.6678 and 0.6777 would likely be seen over the next several days. As long as 0.6777 resistance holds, the downtrend could be expected to resume,...

GBPUSD Daily Analysis – February 5, 2020

by ForexCycle.com | February 5, 2020 4:22 am
GBPUSD broke below 1.2954 support, suggesting that the downtrend from 1.3514 has resumed. Further decline could be expected in the coming days, and next target would be at 1.2850 area. Resistance is at 1.3050, above this level...

EURUSD Daily Analysis – February 5, 2020

by ForexCycle.com | February 5, 2020 4:22 am
EURUSD stays in falling price channel on the 4-hour chart and remains in the downtrend from 1.1239. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be...

USDCAD Daily Analysis – February 4, 2020

by ForexCycle.com | February 4, 2020 5:14 am
USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3035. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDJPY Daily Analysis – February 4, 2020

by ForexCycle.com | February 4, 2020 5:11 am
USDJPY is facing the resistance of the falling trend line on the 4-hour chart. A breakout of the trend line resistance would suggest that the downside movement from 110.28 had completed at 108.30 already, then further rise...

AUDUSD Daily Analysis – February 4, 2020

by ForexCycle.com | February 4, 2020 5:09 am
AUDUSD broke above the top of the price channel on the 4-hour chart, suggesting that consolidation for the downtrend from 0.7031 is underway. Further rally would likely be seen and the target would be at 0.6780 area....

GBPUSD Daily Analysis – February 4, 2020

by ForexCycle.com | February 4, 2020 5:08 am
GBPUSD is facing 1.2954 support once again. A breakdown below this level would indicate that the downtrend from 1.3514 has resumed, then further decline towards 1.2750 could be seen. Near term resistance is at 1.3030, above this...

EURUSD Daily Analysis – February 4, 2020

by ForexCycle.com | February 4, 2020 5:07 am
Being contained by the top of the bearish price channel on the 4-hour chart, EURUSD pulled back from 1.1095, suggesting that the pair remains in the downtrend from 1.1239. Further decline would likely be seen in the...