USDCAD Daily Analysis – June 11, 2020

by ForexCycle.com | June 11, 2020 3:47 am
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4048. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

USDJPY Daily Analysis – June 11, 2020

by ForexCycle.com | June 11, 2020 3:44 am
USDJPY broke below the rising trend line on the 4-hour chart, indicating that the upside movement from 105.98 had completed at 109.84 already. Further decline would likely be seen after a minor consolidation and next target would...

AUDUSD Daily Analysis – June 11, 2020

by ForexCycle.com | June 11, 2020 3:37 am
AUDUSD extended its upside movement from 0.6401 to as high as 0.7063. Further rise could be expected after consolidation and next target would be at 0.7200 area. Near term support is at 0.6898, a breakdown below this...

GBPUSD Daily Analysis – June 11, 2020

by ForexCycle.com | June 11, 2020 3:36 am
GBPUSD extended its upside movement from 1.2073 to as high as 1.2812. 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...

EURUSD Daily Analysis – June 11, 2020

by ForexCycle.com | June 11, 2020 3:34 am
EURUSD broke above 1.1383 resistance and extended its upside movement from 1.0766 to as high as 1.1422. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be...

USDCAD Daily Analysis – June 9, 2020

by ForexCycle.com | June 9, 2020 3:38 am
USDCAD extended its downside movement from 1.4048 to as low as 1.3356. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...

USDJPY Daily Analysis – June 9, 2020

by ForexCycle.com | June 9, 2020 3:37 am
USDJPY remains in the uptrend from 105.98, as long as the price is above the rising trend line on the 4-hour chart, the pullback from 109.84 could be treated as consolidation for the uptrend, and another rise...

AUDUSD Daily Analysis – June 9, 2020

by ForexCycle.com | June 9, 2020 3:37 am
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6401. As long as the trend line support holds, the upside movement could be expected to continue and next target...

GBPUSD Daily Analysis – June 9, 2020

by ForexCycle.com | June 9, 2020 3:36 am
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2073. As long as the channel support holds, the upside movement could be expected to continue and next target would...

EURUSD Daily Analysis – June 9, 2020

by ForexCycle.com | June 9, 2020 3:35 am
EURUSD broke below the rising trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.0766 is underway. Range trading between 1.1140 and 1.1383 would likely be seen in the coming days.