AUDUSD Daily Analysis – August 10, 2020

by ForexCycle.com | August 10, 2020 5:01 am
AUDUSD moved sideways in a trading range between 0.7063 and 0.7242. As long as the price is above the rising trend line on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend...

GBPUSD Daily Analysis – August 10, 2020

by ForexCycle.com | August 10, 2020 5:00 am
GBPUSD remains in the uptrend from 1.2251 (Jun 29 low), the price action from 1.3169 is likely consolidation for the uptrend. As long as 1.2980 support holds, the upside movement could be expected to continue and next...

EURUSD Daily Analysis – August 10, 2020

by ForexCycle.com | August 10, 2020 4:58 am
EURUSD remains in the uptrend from 1.1168, the price action from 1.1908 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could...

USDCAD Weekly Analysis – August 9, 2020

by ForexCycle.com | August 9, 2020 8:24 am
USDCAD broke below 1.3314 support and extended its downside movement from 1.4667 to as low as 1.3233. As long as the price is in the falling price channel on the daily chart, the downside movement could be...

USDJPY Weekly Analysis – August 9, 2020

by ForexCycle.com | August 9, 2020 8:23 am
USDJPY stays below a falling trend line on the daily chart and remains in the downtrend from 111.71. As long as the trend line resistance holds, the bounce from 104.18 could be treated as consolidation for the...

AUDUSD Weekly Analysis – August 9, 2020

by ForexCycle.com | August 9, 2020 8:20 am
AUDUSD extended its upside movement from 0.5507 to as high as 0.7242. Further rise would likely be seen next week and next target would be at 0.7500 area. Near term support is at 0.7060, a breakdown below...

GBPUSD Weekly Analysis – August 9, 2020

by ForexCycle.com | August 9, 2020 8:19 am
GBPUSD’s upside movement from 1.1409 extended to as high as 1.3185. Further rise is still possible after a minor consolidation and next target would be at 1.3500 area. Near term support is at 1.2950, a breakdown below...

EURUSD Weekly Analysis – August 9, 2020

by ForexCycle.com | August 9, 2020 8:18 am
EURUSD extended its upside movement from 1.0635 to as high as 1.1916. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next...

USDCAD Daily Analysis – August 6, 2020

by ForexCycle.com | August 5, 2020 10:36 pm
USDCAD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3715. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...