USDCAD Daily Analysis – August 14, 2020

by ForexCycle.com | August 14, 2020 2:29 am
USDCAD broke below 1.3233 support and extended its downside movement from 1.3715 to as low as 1.3191. Further decline is still possible in a couple of days and next target would be at 1.3100 area. Near term...

USDJPY Daily Analysis – August 14, 2020

by ForexCycle.com | August 14, 2020 2:27 am
USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 105.30. As long as the trend line support holds, the upside movement could be expected to continue and next target...

AUDUSD Daily Analysis – August 14, 2020

by ForexCycle.com | August 14, 2020 2:25 am
AUDUSD moved sideways in a trading range between 0.7063 and 0.7242. As long as 0.7063 support holds, the upside movement from 0.6776 (Jun 15 low) could be expected to continue, and next target would be at 0.7350...

GBPUSD Daily Analysis – August 14, 2020

by ForexCycle.com | August 14, 2020 2:24 am
GBPUSD failed to break below 1.2980 support and moved sideways in a trading range between 1.2980 and 1.3185. As long as 1.2980 support holds, the upside movement from 1.2251 (Jun 29 low) could be expected to resume,...

EURUSD Daily Analysis – August 14, 2020

by ForexCycle.com | August 14, 2020 2:22 am
EURUSD is forming a sideways consolidation in a trading range between 1.1695 and 1.1916. As long as 1.1695 support holds, the upside movement from 1.1168 (Jun 19 low) could be expected to resume, and further rise to...

$RIO : Rio Tinto Shares are Ready to Accelerate Higher

by elliottwave-forecast.com | August 13, 2020 3:36 pm
Rio Tinto Group is the world’s second largest metals and mining corporation which has its headquarters in London and Melbourne. Founded in 1873 and traded under tickers $RIO at LSE, ASE and also in US in form of...

USDCAD Daily Analysis – August 13, 2020

by ForexCycle.com | August 12, 2020 10:39 pm
USDCAD extended its downside movement from 1.3715 to as low as 1.3227. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...

USDJPY Daily Analysis – August 13, 2020

by ForexCycle.com | August 12, 2020 10:38 pm
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 108.16 (Jul 1 high) had completed at 104.18 already. Further rally could be expected in the coming days and next target...

AUDUSD Daily Analysis – August 13, 2020

by ForexCycle.com | August 12, 2020 10:38 pm
AUDUSD continued its sideways movement in a trading range between 0.7063 and 0.7242. As long as 0.7063 support holds, the upside movement from 0.6776 (Jun 15 low) could be expected to resume, and further rise to 0.7350...

GBPUSD Daily Analysis – August 13, 2020

by ForexCycle.com | August 12, 2020 10:37 pm
GBPUSD is facing 1.2980 support, a breakdown below this level would indicate that the upside movement from 1.2251 (Jun 29 low) had completed at 1.3185 already, then the pair would find next support level at around 1.2850,...