GBPUSD Daily Analysis – July 27, 2020

by ForexCycle.com | July 26, 2020 10:47 pm
GBPUSD’s upside movement from 1.2251 extended to as high as 1.2802. Further rise is still possible and next target would be at 1.2900 area. Near term support is at 1.2640, below this level would indicate that consolidation...

EURUSD Daily Analysis – July 27, 2020

by ForexCycle.com | July 26, 2020 10:46 pm
EURUSD extended its upside movement from 1.1184 to as high as 1.1657. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...

USDCAD Weekly Analysis – July 26, 2020

by ForexCycle.com | July 26, 2020 10:15 am
USDCAD stays in a falling price channel on the daily chart and remains in the downtrend from 1.4667. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

USDJPY Weekly Analysis – July 26, 2020

by ForexCycle.com | July 26, 2020 10:14 am
USDJPY broke below 105.98 support. Further decline could be expected in a couple of weeks and next target would be at 104.00 area. Near term resistance is at 106.50, only break above this level could trigger another...

AUDUSD Weekly Analysis – July 26, 2020

by ForexCycle.com | July 26, 2020 10:11 am
AUDUSD broke above 0.7063 resistance and extended its upside movement from 0.5507 to as high as 0.7182. Further rise is still possible next week and next target would be at 0.7300 area. Support is located at the...

GBPUSD Weekly Analysis – July 26, 2020

by ForexCycle.com | July 26, 2020 10:10 am
GBPUSD broke above the falling trend line on the daily chart. Further rally could be expected and next target would be at 1.3100 area. Near term support is at 1.2600, a breakdown below this level could bring...

EURUSD Weekly Analysis – July 26, 2020

by ForexCycle.com | July 26, 2020 10:10 am
EURUSD extended its upside movement from 1.0635 to as high as 1.1657. 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...

This Chart Foretold Wirecard’s Collapse — Two Years Ago

by ForexCycle.com | July 24, 2020 4:05 am
By Elliott Wave International “Catastrophic Failure” — June 18 CCN “Swift, Spectacular Implosion” — June 25 Alijazeera.com “Doomsday” — June 18 Seeking Alpha These are a few descriptions for Munich-based Fintech firm Wirecard, whose recent epic fall...

USDCAD Daily Analysis – July 24, 2020

by ForexCycle.com | July 24, 2020 3:14 am
USDCAD’s downside movement from 1.3715 extended to as low as 1.3350. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target...

USDJPY Daily Analysis – July 24, 2020

by ForexCycle.com | July 24, 2020 3:13 am
USDJPY broke below 106.64 support, suggesting that the downside movement from 108.16 has resumed. Further decline could be expected and next target would be at 106.00 area. Resistance is located at the falling trend line on the...