USDJPY Daily Analysis – July 23, 2020

by ForexCycle.com | July 22, 2020 10:29 pm
USDJPY failed to break below 106.64 support and stayed in a trading range between 106.64 and 107.53. Further rally to test 107.53 resistance would likely be seen, and a breakout of this level could take the price...

AUDUSD Daily Analysis – July 23, 2020

by ForexCycle.com | July 22, 2020 10:29 pm
AUDUSD extended its upside movement from 0.6832 to as high as 0.7182. Further rise is still possible after a minor consolidation and next target would be at 0.7250 area. Near term support is at 0.7090, a breakdown...

GBPUSD Daily Analysis – July 23, 2020

by ForexCycle.com | July 22, 2020 10:28 pm
GBPUSD remains in the uptrend from 1.2251. Further rise would likely be seen after consolidation and next target would be at 1.2900 area. Near term support is at 1.2640, a breakdown below this level could bring the...

EURUSD Daily Analysis – July 23, 2020

by ForexCycle.com | July 22, 2020 10:27 pm
EURUSD extended its upside movement from 1.1184 to as high as 1.1601. 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...

Elliott Wave View: Silver Has Room for More Upside

by elliottwave-forecast.com | July 22, 2020 4:15 pm
Silver 1 hour chart below shows that the metal has ended pullback from July 13 high as wave ((ii)) at 18.85 low. From there, the metal has continued to extend higher. The rally has also broken above...

OIL Reacting Higher Perfectly From Elliott Wave Blue Box Area

by elliottwave-forecast.com | July 22, 2020 4:14 pm
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of OIL, which we presented to members. In which, the rally from 25 June 2020 lows is nesting higher in an...

You are invited: 7 (free) days of global opportunities

by ForexCycle.com | July 22, 2020 2:02 am
You hear lots of opinions about the markets. But who’s right? Everyone has an angle. Now, at $0 cost, you can hear from the world’s largest independent forecasting company — our friends and partners at Elliott Wave International. Free,...

USDCAD Daily Analysis – July 22, 2020

by ForexCycle.com | July 22, 2020 1:57 am
USDCAD broke below 1.3485 support. Further decline could be expected in the coming days and next target would be at 1.3300 area. Near term resistance is at 1.3480, a break of this level could bring the price...

USDJPY Daily Analysis – July 22, 2020

by ForexCycle.com | July 22, 2020 1:56 am
USDJPY is facing 106.64 support. A breakdown below this level could trigger further downside movement towards 106.00. Resistance is at 107.53, a breakout of this level could take the price to 108.50 area.

AUDUSD Daily Analysis – July 22, 2020

by ForexCycle.com | July 22, 2020 1:55 am
AUDUSD broke above 0.7063 resistance and extended its upside movement from 0.6832 to as high as 0.7146. Further rise could be expected after a minor consolidation and next target would be at 0.7250 area. Near term support...