EURUSD Weekly Analysis – August 16, 2020

by ForexCycle.com | August 16, 2020 2:10 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...

USDCAD Weekly Analysis – August 9, 2020

by ForexCycle.com | August 9, 2020 8:24 am
USDCAD broke below 1.3314 support and extended its downside movement from 1.4667 to as low as 1.3233. As long as the price is in the falling price channel on the daily chart, the downside movement could be...

USDJPY Weekly Analysis – August 9, 2020

by ForexCycle.com | August 9, 2020 8:23 am
USDJPY stays below a falling trend line on the daily chart and remains in the downtrend from 111.71. As long as the trend line resistance holds, the bounce from 104.18 could be treated as consolidation for the...

AUDUSD Weekly Analysis – August 9, 2020

by ForexCycle.com | August 9, 2020 8:20 am
AUDUSD extended its upside movement from 0.5507 to as high as 0.7242. Further rise would likely be seen next week and next target would be at 0.7500 area. Near term support is at 0.7060, a breakdown below...

GBPUSD Weekly Analysis – August 9, 2020

by ForexCycle.com | August 9, 2020 8:19 am
GBPUSD’s upside movement from 1.1409 extended to as high as 1.3185. Further rise is still possible after a minor consolidation and next target would be at 1.3500 area. Near term support is at 1.2950, a breakdown below...

EURUSD Weekly Analysis – August 9, 2020

by ForexCycle.com | August 9, 2020 8:18 am
EURUSD extended its upside movement from 1.0635 to as high as 1.1916. 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...

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...