AUDUSD Daily Analysis – May 18, 2020

by ForexCycle.com | May 18, 2020 2:33 am
AUDUSD is facing 0.6372 support. As long as this level holds, the sideways movement in a trading range between 0.6372 and 0.6569 could be treated as consolidation for the uptrend from 0.5507, further rise to 0.6700 area...

GBPUSD Daily Analysis – May 18, 2020

by ForexCycle.com | May 18, 2020 2:32 am
GBPUSD extended its downside movement from 1.2642 to as low as 1.2073, breaking below 1.2164 support. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected...

EURUSD Daily Analysis – May 18, 2020

by ForexCycle.com | May 18, 2020 2:31 am
EURUSD failed to break below 1.0766 support and stayed in a trading range between 1.0766 and 1.0896. As long as 1.0896 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.1018, a...

USDCAD Weekly Analysis – May 17, 2020

by ForexCycle.com | May 17, 2020 12:03 pm
USDCAD stays in a trading range between 1.3849 and 1.4348. Resistance is at 1.4348, as long as this level holds, the fall from 1.4667 could be expected to resume and further decline to the rising trend line...

USDJPY Weekly Analysis – May 17, 2020

by ForexCycle.com | May 17, 2020 12:02 pm
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 111.71 had completed at 105.98 already. Another rise towards 111.00 would likely be seen next week. Support is at 105.98,...

AUDUSD Weekly Analysis – May 17, 2020

by ForexCycle.com | May 17, 2020 12:01 pm
AUDUSD remains in the uptrend from 0.5507, the pullback from 0.6569 is likely consolidation for the uptrend. As long as 0.6250 support holds, the upside movement could be expected to resume and further rise to 0.6900 area...

GBPUSD Weekly Analysis – May 17, 2020

by ForexCycle.com | May 17, 2020 12:01 pm
GBPUSD broke below 1.2160 support, suggesting that the rise from 1.1409 had completed at 1.2647 already. Deeper decline would likely be seen and next target would be at 1.1700 area. Near term resistance is at 1.2280, a...

EURUSD Weekly Analysis – May 17, 2020

by ForexCycle.com | May 17, 2020 12:00 pm
EURUSD continued its sideways movement in a trading range between 1.0635 and 1.1147. As long as 1.1147 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.2555 (Feb 16, 2018 high), and...

Global Insights You Need to Know Now

by ForexCycle.com | May 16, 2020 2:55 am
You want your portfolio to make it through this crisis in one piece. Maybe even gain, if at all possible. But the opinions you’re hearing are all over the map. There is no precedent in modern investment history....

USDCAD Daily Analysis – May 15, 2020

by ForexCycle.com | May 15, 2020 2:48 am
USDCAD is facing the resistance of the falling trend line on the 4-hour chart. A break of the trend line resistance could trigger further upside movement towards 1.4350 area. Near term support is at 1.4000, below this...