EURUSD Daily Analysis – August 17, 2020

by ForexCycle.com | August 16, 2020 10:41 pm
EURUSD continued its sideways movement in a trading range between 1.1695 and 1.1916. As long as 1.1695 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.1168 (Jun 19 low), and a...

USDCAD Weekly Analysis – August 16, 2020

by ForexCycle.com | August 16, 2020 2:15 pm
USDCAD extended its downside movement from 1.4667 to as low as 1.3191. Further decline is still possible next week and next target would be at 1.3000 area. Near term resistance is at the top of the falling...

USDJPY Weekly Analysis – August 16, 2020

by ForexCycle.com | August 16, 2020 2:14 pm
USDJPY’s bounce from 104.18 extended to as high as 107.05. As long as the price is below the falling trend line on the daily chart, the bounce could be treated as consolidation for the downtrend from 111.71,...

AUDUSD Weekly Analysis – August 16, 2020

by ForexCycle.com | August 16, 2020 2:13 pm
AUDUSD remains in the uptrend from 0.5507. Further rise would likely be seen after a minor consolidation and next target would be at 0.7500 area. Near term support is at 0.7060, a breakdown below this level could...

GBPUSD Weekly Analysis – August 16, 2020

by ForexCycle.com | August 16, 2020 2:11 pm
GBPUSD stays above a rising trend line on the daily chart and remains in the uptrend from 1.1409. Further rise would likely be seen in a couple of weeks and next target would be at 1.3500 area....

EURUSD Weekly Analysis – August 16, 2020

by ForexCycle.com | August 16, 2020 2:10 pm
EURUSD stays above a rising trend line on the daily chart and remains in the uptrend from 1.0635. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDCAD Daily Analysis – August 14, 2020

by ForexCycle.com | August 14, 2020 2:29 am
USDCAD broke below 1.3233 support and extended its downside movement from 1.3715 to as low as 1.3191. Further decline is still possible in a couple of days and next target would be at 1.3100 area. Near term...

USDJPY Daily Analysis – August 14, 2020

by ForexCycle.com | August 14, 2020 2:27 am
USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 105.30. As long as the trend line support holds, the upside movement could be expected to continue and next target...

AUDUSD Daily Analysis – August 14, 2020

by ForexCycle.com | August 14, 2020 2:25 am
AUDUSD moved sideways in a trading range between 0.7063 and 0.7242. As long as 0.7063 support holds, the upside movement from 0.6776 (Jun 15 low) could be expected to continue, and next target would be at 0.7350...