USDCAD Daily Analysis – July 16, 2020

by ForexCycle.com | July 15, 2020 10:54 pm
USDCAD is facing 1.3485 support. A breakdown below this level could trigger another fall towards 1.3300. Near term resistance is at 1.3550, above this level could bring the price back to test 1.3645 resistance.

USDJPY Daily Analysis – July 16, 2020

by ForexCycle.com | July 15, 2020 10:53 pm
USDJPY failed to break above the resistance of the falling trend line on the 4-hour chart and is now facing 106.64 support. Further decline would likely be seen and next target would be at 106.00 area. Key...

AUDUSD Daily Analysis – July 16, 2020

by ForexCycle.com | July 15, 2020 10:52 pm
AUDUSD extended its upside movement from 0.6776 to as high as 0.7037. 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 level could...

GBPUSD Daily Analysis – July 16, 2020

by ForexCycle.com | July 15, 2020 10:52 pm
GBPUSD is facing 1.2669 resistance. A breakout of this level could signal resumption of the uptrend from 1.2251, then next target would be at 1.2800 area. Support is at 1.2479, below this level would confirm that the...

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...

Elliott Wave View: Dow Futures (YM_F) Resumes Higher

by elliottwave-forecast.com | July 15, 2020 3:50 pm
YM_F 45 minutes chart below shows that Index has ended the cycle from July 7 high as wave 2 at 25293 low. The pullback unfolded as a zig-zag Elliott Wave Structure. From July 7 high, wave ((a))...

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...