EURUSD Daily Analysis – April 1, 2019

by ForexCycle.com | April 1, 2019 2:35 am
EURUSD’s downside movement from 1.1448 extended to as low as 1.1209. As long as the price is in the bearish price channel on the 4-hour chart, the downside movement could be expected to continue and next target...

USDCAD Daily Analysis – March 29, 2019

by ForexCycle.com | March 29, 2019 3:05 am
USDCAD broke above 1.3444 resistance, suggesting that the upside movement from 1.3250 has resumed. Further rise to test 1.3467 resistance is possible, above this level would aim 1.3500 area. Key support is at 1.3371, a breakdown below...

USDJPY Daily Analysis – March 29, 2019

by ForexCycle.com | March 29, 2019 3:04 am
USDJPY is facing 110.95 resistance, a break of this level would indicate that the downtrend from 112.13 had completed at 109.70 already, then another rise to 112.00 area could be seen. On the downside, as long as...

AUDUSD Daily Analysis – March 29, 2019

by ForexCycle.com | March 29, 2019 3:03 am
AUDUSD broke below 0.7065 support, suggesting that the upside movement from 0.7003 had completed at 0.7168 already. Further decline could be expected in the coming days and next target would be at 0.7000 area. Near term resistance...

GBPUSD Daily Analysis – March 29, 2019

by ForexCycle.com | March 29, 2019 3:02 am
GBPUSD is facing the support of the rising trend line on the 4-hour chart. A breakdown below the trend line support could trigger further downside movement towards 1.2900 area. On the other side, as long as the...

EURUSD Daily Analysis – March 29, 2019

by ForexCycle.com | March 29, 2019 3:01 am
EURUSD extended its downside movement from 1.1448 to as low as 1.1213. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next...

USDCAD Daily Analysis – March 28, 2019

by ForexCycle.com | March 28, 2019 3:33 am
USDCAD moved sideways in a trading range between 1.3371 and 1.3444. Support is at 1.3371, a breakdown below this level could take the price to next support level at 1.3300. Resistance is at 1.3444, above this level...

USDJPY Daily Analysis – March 28, 2019

by ForexCycle.com | March 28, 2019 3:32 am
USDJPY moved sideways in a trading range between 109.70 and 110.95. As long as 110.95 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 111.90, further decline towards 109.00...

AUDUSD Daily Analysis – March 28, 2019

by ForexCycle.com | March 28, 2019 3:31 am
AUDUSD is facing 0.7065 support, a breakdown below this level could trigger further downside movement towards 0.7000 area. Near term resistance is at 0.7100, a break of this level could bring the price back towards 0.1768.

GBPUSD Daily Analysis – March 28, 2019

by ForexCycle.com | March 28, 2019 3:30 am
GBPUSD is now in the uptrend from 1.3003. Further rise would likely be seen in a couple of days and next target would be at 1.3350 area. Near term support is at 1.3140, below this level could...