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...

$FRES : Largest Silver Producer Fresnillo Rallies Impulsively

by elliottwave-forecast.com | August 7, 2020 3:08 pm
Fresnillo plc is the world largest silver producer which has its headquarters in Mexico City. Founded 2008, incorporated in UK and traded under tickers $FRES at LSE and $FNLPF in US in form of ADRs, it is...

USDCAD Daily Analysis – August 6, 2020

by ForexCycle.com | August 5, 2020 10:36 pm
USDCAD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3715. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

USDJPY Daily Analysis – August 6, 2020

by ForexCycle.com | August 5, 2020 10:36 pm
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 108.16. As long as the trend line resistance holds, the bounce from 104.18 could be treated as corrective consolidation for...

AUDUSD Daily Analysis – August 6, 2020

by ForexCycle.com | August 5, 2020 10:35 pm
AUDUSD broke above 0.7227 resistance, suggesting that the uptrend from 0.6776 has resumed. Further rise could be expected in the coming days, and next target would be at 0.7350 area. Key support is at 0.7063, only break...