AUDUSD Daily Analysis – August 12, 2020

by ForexCycle.com | August 12, 2020 4:56 am
AUDUSD moved sideways in a trading range between 0.7063 and 0.7242. The sideways movement is likely consolidation of the uptrend from 0.6776 (Jun 15 low), and further rise towards 0.7350 is possible after the consolidation. Key support...

GBPUSD Daily Analysis – August 12, 2020

by ForexCycle.com | August 12, 2020 4:52 am
GBPUSD continued its sideways movement in a trading range between 1.2980 and 1.3185. The price action in the range is likely consolidation for the uptrend from 1.2251 (Jun 29 low). As long as 1.2980 support holds the...

EURUSD Daily Analysis – August 12, 2020

by ForexCycle.com | August 12, 2020 4:50 am
EURUSD is facing 1.1695 support, a breakdown below this level would indicate that the upside movement from 1.1168 (Jun 19 low) had completed at 1.1916 already, then deeper decline to 1.1450 area could be seen. Near term...

USDCAD Daily Analysis – August 11, 2020

by ForexCycle.com | August 10, 2020 10:28 pm
USDCAD is facing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.3233 could be treated as consolidation for the downtrend from 1.3715, and further...

USDJPY Daily Analysis – August 11, 2020

by ForexCycle.com | August 10, 2020 10:27 pm
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 108.16 (Jul 1 high). As long as the trend line resistance holds, the downtrend could be expected to resume, and...

AUDUSD Daily Analysis – August 11, 2020

by ForexCycle.com | August 10, 2020 10:26 pm
AUDUSD remains in the uptrend from 0.6776 (Jun 15 low), the price action in the trading range between 0.7063 and 0.7242 is likely consolidation for the uptrend. As long as 0.7063 support holds, the upside movement could...

GBPUSD Daily Analysis – August 11, 2020

by ForexCycle.com | August 10, 2020 10:26 pm
GBPUSD moved sideways in a trading range between 1.2980 and 1.3185. As long as 1.2980 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.2251 (Jun 29 low), and further rise towards...

EURUSD Daily Analysis – August 11, 2020

by ForexCycle.com | August 10, 2020 10:25 pm
EURUSD remains in the uptrend from 1.1168 (Jun 19 low), the price action in the trading range between 1.1695 and 1.1916 is likely consolidation for the uptrend. As long as 1.1695 support holds, the upside movement could...

USDCAD Daily Analysis – August 10, 2020

by ForexCycle.com | August 10, 2020 5:03 am
USDCAD remains in the downtrend from 1.3715. As long as the price is in the falling price channel on the 4-hour chart, the bounce from 1.3233 could be treated as consolidation for the downtrend, and further decline...

USDJPY Daily Analysis – August 10, 2020

by ForexCycle.com | August 10, 2020 5:02 am
No changed in our view, USDJPY remains in the downtrend from 108.16, as long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to resume, and further...