USDCAD Daily Analysis – March 22, 2019

by ForexCycle.com | March 22, 2019 3:18 am
USDCAD broke above 1.3370 resistance, suggesting that the downside movement from 1.3467 had completed at 1.3250 already. Further rally would likely be seen in the coming days and next target would be at 1.3450 area. Near term...

USDJPY Daily Analysis – March 22, 2019

by ForexCycle.com | March 22, 2019 3:17 am
USDJPY remains in the downtrend from 112.13. Further decline could be expected after a minor consolidation and a breakdown below 110.29 support could trigger further downside movement to 109.50 area. Resistance is at 111.20, only break above...

AUDUSD Daily Analysis – March 22, 2019

by ForexCycle.com | March 22, 2019 3:17 am
AUDUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 0.7003. As long as the trend line support holds, the pullback from 0.7168 could be treated as consolidation for the...

GBPUSD Daily Analysis – March 22, 2019

by ForexCycle.com | March 22, 2019 3:16 am
GBPUSD extended its downside movement from 1.3381 to as low as 1.3003. Deeper decline to test 1.2960 support is possible after consolidation, a breakdown below this level would aim 1.2850 area. Resistance is at the falling trend...

EURUSD Daily Analysis – March 22, 2019

by ForexCycle.com | March 22, 2019 3:15 am
EURUSD broke below 1.1390 support, suggesting that consolidation for the uptrend from 1.1176 is underway. Range trading between 1.1335 and 1.1448 would likely be seen in the coming days. As long as 1.1335 support holds, the upside...

USDCAD Daily Analysis – March 21, 2019

by ForexCycle.com | March 21, 2019 1:51 am
USDCAD is facing 1.3250 support, a breakdown below this level could trigger another downside movement towards 1.3150. Key resistance is at 1.3370, only break above this level would indicate that the downtrend from 1.3467 is complete.

USDJPY Daily Analysis – March 21, 2019

by ForexCycle.com | March 21, 2019 1:50 am
USDJPY broke below the lower border of the triangle pattern on the 4-hour chart. Deeper decline could be expected in the coming days and next target would be at 109.50 area. Resistance is at 111.20, as long...

AUDUSD Daily Analysis – March 21, 2019

by ForexCycle.com | March 21, 2019 1:49 am
AUDUSD broke above 0.7119 resistance and extended its upside movement from 0.7003 to as high as 0.7168. Further rise could be expected in the coming days and next target would be at 0.7200 area. Near term support...

GBPUSD Daily Analysis – March 21, 2019

by ForexCycle.com | March 21, 2019 1:48 am
GBPUSD broke below 1.3184 support, suggesting that the upside movement from 1.2960 had completed at 1.3381 already. Further decline could be expected in a couple of days and next target would be at 1.3000 area. Resistance is...

EURUSD Daily Analysis – March 21, 2019

by ForexCycle.com | March 21, 2019 1:47 am
EURUSD extended its upside movement from 1.1176 to as high as 1.1448, breaking above 1.1419 resistance. Further rise is still possible after a minor consolidation and next target would be at 1.1500 area. Support is at 1.1390,...