EURUSD Daily Analysis – July 16, 2020

by ForexCycle.com | July 15, 2020 10:51 pm
EURUSD broke above 1.1422 resistance and extended its upside movement from 1.1184 to as high as 1.1452. Further rise would likely be seen after a minor consolidation and next target would be at 1.1500 area. Near term...

USDCAD Daily Analysis – July 15, 2020

by ForexCycle.com | July 15, 2020 4:19 am
USDCAD extended its upside movement from 1.3490 to as high as 1.3645. Further rally would likely be seen and next target would be at 1.3800 area. Key support is at 1.3485, a breakdown below this level could...

USDJPY Daily Analysis – July 15, 2020

by ForexCycle.com | July 15, 2020 4:18 am
USDJPY is testing the resistance of the falling trend line on the 4-hour chart. A clear break of the trend line resistance would indicate that the downside movement from 108.16 had completed at 106.64 already, then another...

AUDUSD Daily Analysis – July 15, 2020

by ForexCycle.com | July 15, 2020 4:15 am
AUDUSD broke above 0.7000 resistance, suggesting that the upside movement from 0.6832 has resumed. Further rise would likely be seen and next target would be at 0.7100 area. Key support is at 0.6921, a breakdown below this...

GBPUSD Daily Analysis – July 15, 2020

by ForexCycle.com | July 15, 2020 4:14 am
GBPUSD extended its downside movement from 1.2669 to as low as 1.2479. Further decline is still possible and next target would be at 1.2400 area. Near term resistance is at 1.2600, a break of this level could...

EURUSD Daily Analysis – July 15, 2020

by ForexCycle.com | July 15, 2020 4:13 am
EURUSD extended its upside movement from 1.1184 to as high as 1.1423. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...

USDCAD Daily Analysis – July 14, 2020

by ForexCycle.com | July 14, 2020 12:22 am
USDCAD is now in the uptrend from 1.3490. Further rally would likely be seen and next target would be at 1.3800 area. Key support is at 1.3485, a breakdown below this level could trigger another downside movement...

USDJPY Daily Analysis – July 14, 2020

by ForexCycle.com | July 14, 2020 12:21 am
USDJPY is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 106.64 could be treated as consolidation for the downtrend from 108.16, further...

AUDUSD Daily Analysis – July 14, 2020

by ForexCycle.com | July 14, 2020 12:21 am
AUDUSD continued its sideways movement in a trading range between 0.6921 and 0.7000. The price action in the range is likely consolidation for the uptrend from 0.6832, and further rise to 0.7050 area is possible after the...

GBPUSD Daily Analysis – July 14, 2020

by ForexCycle.com | July 14, 2020 12:20 am
GBPUSD broke below the bottom of the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.2251 had completed at 1.2669 already. Further decline would likely be seen and next target would be...