EURUSD Daily Analysis – August 3, 2020

by ForexCycle.com | August 2, 2020 10:28 pm
EURUSD remains in the uptrend from 1.1184, the pullback 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 be...

USDCAD Weekly Analysis – August 2, 2020

by ForexCycle.com | August 2, 2020 2:05 pm
USDCAD is facing 1.3314 support. A breakdown below this level could trigger further downside movement towards 1.3100. Near term resistance is at the top of the price channel on the daily chart, a breakout of the channel...

USDJPY Weekly Analysis – August 2, 2020

by ForexCycle.com | August 2, 2020 2:05 pm
USDJPY rebounded strongly from 104.18, suggesting that the downside movement from 109.84 had completed. Further rally would likely be seen in the coming days and the target would be at the falling trend line on the daily...

AUDUSD Weekly Analysis – August 2, 2020

by ForexCycle.com | August 2, 2020 2:04 pm
AUDUSD’s upside movement from 0.5507 extended to as high as 0.7227. 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 target...

GBPUSD Weekly Analysis – August 2, 2020

by ForexCycle.com | August 2, 2020 2:01 pm
GBPUSD extended its upside movement from 1.1409 to as high as 1.3169. 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...

EURUSD Weekly Analysis – August 2, 2020

by ForexCycle.com | August 2, 2020 2:00 pm
EURUSD stays above a rising trend line on the daily chart and remains in the uptrend from 1.0635. As long as the trend line support holds, the upside movement could be expected to continue and next target...

“Junk” Is Hot Again — Despite Warning Signs

by ForexCycle.com | August 1, 2020 8:49 am
By Elliott Wave International The demand for junk bonds is running high among global investors — again. As the Wall Street Journal noted on June 9: Europe’s riskiest corporate debt has rallied to pre-crisis levels. Elliott Wave...