EURUSD Daily Analysis – April 3, 2019

by ForexCycle.com | April 3, 2019 3:32 am
EURUSD extended its downside movement from 1.1448 to as low as 1.1183, facing the support level at 1.1176, a breakdown below this level could trigger further downside movement to 1.1100 area. Key resistance is at 1.1249, only...

USDCAD Daily Analysis – April 2, 2019

by ForexCycle.com | April 2, 2019 1:54 am
USDCAD extended its downside movement from 1.3450 to as low as 1.3297. Further decline is still possible in the coming days and next target would be at 1.3250 area. Key resistance is at 1.3370, only break above...

USDJPY Daily Analysis – April 2, 2019

by ForexCycle.com | April 2, 2019 1:54 am
USDJPY extended its upside movement from 109.70 to as high as 111.45. Further rise towards 112.00 is still possible in the coming days. Support is located at the rising trend line on the 4-hour chart, only a...

AUDUSD Daily Analysis – April 2, 2019

by ForexCycle.com | April 2, 2019 1:53 am
AUDUSD continued its sideways movement in a trading range between 0.7056 and 0.7168. Key support is at 0.7056, as long as this level holds, the sideways movement could be treated as consolidation for the uptrend from 0.7003,...

GBPUSD Daily Analysis – April 2, 2019

by ForexCycle.com | April 2, 2019 1:52 am
Being contained by 1.2960 support, GBPUSD rebounded from 1.2977. However, another fall to retest 1.2960 support is possible, a breakdown below this level could trigger further downside movement towards 1.2900. Resistance is at 1.3149, only break above...

EURUSD Daily Analysis – April 2, 2019

by ForexCycle.com | April 2, 2019 1:51 am
EURUSD stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 1.1448. As long as the price is in the channel, the downside movement could be expected to continue and deeper...

USDCAD Daily Analysis – April 1, 2019

by ForexCycle.com | April 1, 2019 2:39 am
USDCAD broke below 1.3371 support, suggesting that the upside movement from 1.3250 had completed at 1.3450 already. Further decline could be expected in the coming days and next target would be at 1.3300 area. Resistance is at...

USDJPY Daily Analysis – April 1, 2019

by ForexCycle.com | April 1, 2019 2:38 am
USDJPY broke above 110.95 resistance, suggesting that the downside movement from 112.13 had completed at 109.70 already. Further rally could be expected in a couple of days and next target would be at 112.00 area. Near term...

AUDUSD Daily Analysis – April 1, 2019

by ForexCycle.com | April 1, 2019 2:37 am
AUDUSD move sideways in a trading range between 0.7056 and 0.7168. As long as 0.7056 level holds, the price action in the range could be treated as consolidation for the uptrend from 0.7003, further rise towards 0.7200...

GBPUSD Daily Analysis – April 1, 2019

by ForexCycle.com | April 1, 2019 2:36 am
GBPUSD broke below the rising trend line on the 4-hour chart. Further decline could be expected in the coming days and next target would be at 1.2900 area. Near term resistance is at 1.3135, a break of...