EURUSD Daily Analysis – February 28, 2019

by ForexCycle.com | February 28, 2019 5:05 am
EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.1234. As long as the trend line support holds, the uptrend could be expected to continue and next target would...

USDCAD Daily Analysis – February 27, 2019

by ForexCycle.com | February 27, 2019 2:17 am
USDCAD moved sideways in a trading range between 1.3112 and 1.3241. As long as 1.3241 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3339, further decline towards 1.3000 is still possible...

USDJPY Daily Analysis – February 27, 2019

by ForexCycle.com | February 27, 2019 2:16 am
USDJPY remains in the uptrend from 108.49, the price action from 111.12 is likely consolidation for the uptrend. As long as 110.25 support holds, the upside movement could be expected to continue and next target would be...

AUDUSD Daily Analysis – February 27, 2019

by ForexCycle.com | February 27, 2019 2:15 am
AUDUSD is facing 0.7206 resistance, a break of this level would indicate that the uptrend from 0.7054 has resumed then further rise towards 0.7300 could be seen. Near term support is at 0.7140, a breakdown below this...

GBPUSD Daily Analysis – February 27, 2019

by ForexCycle.com | February 27, 2019 2:14 am
GBPUSD extended its upside movement from 1.2772 to as high as 1.3287, breaking above 1.3217 resistance. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected...

EURUSD Daily Analysis – February 27, 2019

by ForexCycle.com | February 27, 2019 2:14 am
EURUSD broke above 1.1371 resistance, suggesting that the upside movement from 1.1234 has resumed. Further rise could be expected in a couple of days, and next target would be at 1.1450 area. Support is at the rising...

USDCAD Daily Analysis – February 26, 2019

by ForexCycle.com | February 26, 2019 3:26 am
USDCAD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.3112 could be treated as consolidation for the downtrend from 1.3339, another...

USDJPY Daily Analysis – February 26, 2019

by ForexCycle.com | February 26, 2019 3:25 am
After touching 111.12 resistance, USDJPY pulled back into the trading range between 110.25 and 111.12, suggesting that lengthier consolidation for the uptrend from 108.49 is needed. However, as long as 110.25 support holds, one more rise towards...

AUDUSD Daily Analysis – February 26, 2019

by ForexCycle.com | February 26, 2019 3:24 am
No changed in our view, AUDUSD remains in the downtrend from 0.7206, the bounce from 0.7069 is likely correction for the downtrend. Another fall is possible after the correction and next target would be at 0.7000 area....

GBPUSD Daily Analysis – February 26, 2019

by ForexCycle.com | February 26, 2019 3:23 am
GBPUSD broke above 1.3108 resistance, suggesting that the upside movement from 1.2772 has resumed. Further rise could be expected and next target would be at 1.3250 area. Support is located at the bullish trend line on the...