USDCAD Daily Analysis – May 27, 2020

by ForexCycle.com | May 27, 2020 4:14 am
USDCAD broke below 1.3849 support, further decline would likely be seen after a minor consolidation and next target would be at 1.3600 area. Near term resistance is at 1.3840, a breakout of this level could bring the...

USDJPY Daily Analysis – May 27, 2020

by ForexCycle.com | May 27, 2020 4:13 am
USDJPY moved sideways in a narrow range between 107.32 and 108.08. As long as the price is in the rising price channel on the 4-hour chart, the upside movement from 105.98 could be expected to continue and...

AUDUSD Daily Analysis – May 27, 2020

by ForexCycle.com | May 27, 2020 4:13 am
AUDUSD broke above 0.6615 resistance, suggesting that the uptrend from 0.6401 has resumed. Further rising could be expected and next target would be at 0.6800 area. Near term support is at 0.6600, a breakdown below this level...

GBPUSD Daily Analysis – May 27, 2020

by ForexCycle.com | May 27, 2020 4:11 am
GBPUSD extended its upside movement from 1.2073 to as high as 1.2362, breaking above 1.2296 resistance. Further rally could be expected and next target would be at 1.2450 area. Near term support is at 1.2290, a breakdown...

EURUSD Daily Analysis – May 27, 2020

by ForexCycle.com | May 27, 2020 4:11 am
EURUSD broke above 1.0930 resistance, suggesting that the downside movement from 1.1008 had completed at 1.0870 already. Another rise to test 1.1018 resistance could be expected, a breakout of this level could take the price to 1.1100...

Elliott Wave View: Apple Remains Supported

by elliottwave-forecast.com | May 26, 2020 4:15 pm
Short term Elliott Wave chart of Apple (ticker: AAPL) below suggests that the pullback to 299.78 ended wave (4). The stock has resumed higher in wave (5) which is unfolding as an impulsive Elliott Waves structure. Up from...

USDCAD Daily Analysis – May 26, 2020

by ForexCycle.com | May 26, 2020 1:52 am
USDCAD is facing 1.3950 support, a breakdown below this level could trigger another fall to test 1.3849 support. However, as long as 1.3950 support holds, the pullback from 1.4048 could be treated as consolidation for the uptrend...

USDJPY Daily Analysis – May 26, 2020

by ForexCycle.com | May 26, 2020 1:51 am
USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 105.98. As long as the channel support holds, the upside movement could be expected to continue and next target would...

AUDUSD Daily Analysis – May 26, 2020

by ForexCycle.com | May 26, 2020 1:50 am
AUDUSD remains in the uptrend from 0.6401, the pullback from 0.6615 is likely consolidation for the uptrend. Further rise could be expected and next target would be at 0.6700 area. Support is at 0.6500, only break below...

GBPUSD Daily Analysis – May 26, 2020

by ForexCycle.com | May 26, 2020 1:49 am
No changed in our view, GBPUSD remains in the uptrend from 1.2073, the pullback from 1.2296 could be treated as consolidation for the uptrend. Another rise could be expected and next target would be at 1.2450 area....