EURUSD Daily Analysis – July 30, 2020

by ForexCycle.com | July 29, 2020 10:17 pm
EURUSD extended its upside movement from 1.1184 to as high as 1.1806. Further rise is still possible after consolidation and next target would be at 1.1900 area. Near term support is at 1.1695, a breakdown below this...

Why Commercial Real Estate is Set to Get Slammed

by ForexCycle.com | July 29, 2020 12:46 pm
By Elliott Wave International Commercial real estate investors are in an especially precarious position should another financial crisis unfold. A July 18 Marketwatch article titled “The open secret in commercial real estate is that owners regularly take...

USDCAD Daily Analysis – July 28, 2020

by ForexCycle.com | July 28, 2020 1:00 am
USDCAD’s downside movement from 1.3715 extended to as low as 1.3337. Further decline would likely be seen and next target would be at 1.3200 area. Near term resistance is at 1.3444, above this level could bring the...

USDJPY Daily Analysis – July 28, 2020

by ForexCycle.com | July 28, 2020 12:59 am
USDJPY’s downside movement from 108.16 extended to as low as 105.11. Deeper decline is still possible and next target would be at 104.50 area. Near term resistance is at 105.50, a break of this level could bring...

AUDUSD Daily Analysis – July 28, 2020

by ForexCycle.com | July 28, 2020 12:58 am
AUDUSD is facing 0.7182 resistance, a break of this level could signal resumption of the uptrend from 0.6776, then next target would be at 0.7300 area. Near term support is at 0.7063, a breakdown below this level...

GBPUSD Daily Analysis – July 28, 2020

by ForexCycle.com | July 28, 2020 12:58 am
GBPUSD extended its upside movement from 1.2251 to as high as 1.2902, breaking above 1.2812 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3000 area. Near term support is...

EURUSD Daily Analysis – July 28, 2020

by ForexCycle.com | July 28, 2020 12:57 am
EURUSD continued its upside movement from 1.1184 and the rise extended to as high as 1.1781. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected...

USDCAD Daily Analysis – July 27, 2020

by ForexCycle.com | July 26, 2020 10:49 pm
USDCAD extended its downside movement from 1.3715 to as low as 1.3350. Deeper decline to test 1.3314 support could be expected, a breakdown below this level could trigger further downside movement towards 1.3200. Near term resistance is...

USDJPY Daily Analysis – July 27, 2020

by ForexCycle.com | July 26, 2020 10:48 pm
USDJPY extended its downside movement from 108.16 to as low as 105.68, breaking below 106.07 support. Further decline would likely be seen after consolidation and next target would be at 105.00 area. Near term resistance is at...

AUDUSD Daily Analysis – July 27, 2020

by ForexCycle.com | July 26, 2020 10:48 pm
AUDUSD remains in the uptrend from 0.6776, the pullback from 0.7182 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 be...