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...

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,...

EURUSD Daily Analysis – August 13, 2020

by ForexCycle.com | August 12, 2020 10:37 pm
EURUSD failed to break below 1.1695 support and continued its sideways movement in a trading range between 1.1695 and 1.1916. As long as 1.1695 support holds, the sideways movement could be treated as consolidation for the uptrend...

USDCAD Daily Analysis – August 12, 2020

by ForexCycle.com | August 12, 2020 5:04 am
USDCAD moved sideways in a trading range between 1.3233 and 1.3458. As long as the price is in the falling price channel on the 4-hour chart, the downside movement from 1.3715 could be expected to continue, and...

USDJPY Daily Analysis – August 12, 2020

by ForexCycle.com | August 12, 2020 4:59 am
USDJPY is facing the resistance of the falling trend line on the 4-hour chart. A clear break above the trend line resistance would indicate that the downtrend from 108.16 (Jul 1 high) had completed at 104.18 already,...

AUDUSD Daily Analysis – August 12, 2020

by ForexCycle.com | August 12, 2020 4:56 am
AUDUSD moved sideways in a trading range between 0.7063 and 0.7242. The sideways movement is likely consolidation of the uptrend from 0.6776 (Jun 15 low), and further rise towards 0.7350 is possible after the consolidation. Key support...

GBPUSD Daily Analysis – August 12, 2020

by ForexCycle.com | August 12, 2020 4:52 am
GBPUSD continued its sideways movement in a trading range between 1.2980 and 1.3185. The price action in the range is likely consolidation for the uptrend from 1.2251 (Jun 29 low). As long as 1.2980 support holds the...