EURUSD Daily Analysis – February 14, 2019

by ForexCycle.com | February 14, 2019 4:07 am
EURUSD remains in the downtrend from 1.1514, the price action from 1.1257 is likely consolidation for the downtrend. Key resistance is at 1.1341, as long as this level holds, the downside movement could be expected to continue...

USDCAD Daily Analysis – February 13, 2019

by ForexCycle.com | February 13, 2019 3:55 am
USDCAD broke below 1.3230 support, suggesting that the upside movement from 1.3068 had completed at 1.3329 already. Further decline could be expected and next target would be at 1.3100 area. Near term resistance is at 1.3240, above...

USDJPY Daily Analysis – February 13, 2019

by ForexCycle.com | February 13, 2019 3:54 am
USDJPY extended its upside movement from 108.49 to as high as 110.70. Further rise could be expected in a couple of days and next target would be at 111.50 area. Near term support is at 110.30, only...

AUDUSD Daily Analysis – February 13, 2019

by ForexCycle.com | February 13, 2019 3:53 am
AUDUSD broke above 0.7120 resistance, suggesting that the downside movement from 0.7295 had completed at 0.7054 already. Further rally could be expected in the coming days and next target would be at 0.7180 area. Support is at...

GBPUSD Daily Analysis – February 13, 2019

by ForexCycle.com | February 13, 2019 3:52 am
GBPUSD is facing the resistance of the price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2832 could be treated as consolidation for the downtrend from 1.3217, further decline towards...

EURUSD Daily Analysis – February 13, 2019

by ForexCycle.com | February 13, 2019 3:51 am
EURUSD rebounded strongly from 1.1257, suggesting that the downside movement from 1.1514 had completed. Further rally is still possible and next target would be at 1.1360, followed by 1.1400. Near term support is at 1.1300, below this...

USDCAD Daily Analysis – February 12, 2019

by ForexCycle.com | February 12, 2019 12:53 am
USDCAD is facing 1.3329 resistance, a break of this level would indicate that the uptrend from 1.3068 has resumed, then next target would be at 1.3450 area. Near term support is at 1.3230, below this level could...

USDJPY Daily Analysis – February 12, 2019

by ForexCycle.com | February 12, 2019 12:52 am
USDJPY broke above 110.16 resistance and extended its upside movement from 108.49 to as high as 110.50. Further rise could be expected in a couple of days and next target would be at 111.50 area. Key support...

AUDUSD Daily Analysis – February 12, 2019

by ForexCycle.com | February 12, 2019 12:51 am
AUDUSD remains in the downtrend from 0.7295, further decline is still possible in a couple of days and next target would be at 0.7000 area. Near term resistance is at 0.7120, a break of this level could...

GBPUSD Daily Analysis – February 12, 2019

by ForexCycle.com | February 12, 2019 12:50 am
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3217. Further decline is still possible in a couple of days and next target would be at 1.2750 area. Key...