ForexCycle

Analyst and Forex Trader
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USDCAD Daily Analysis – Wednesday, August 5
Wednesday, August 5, 2020 5:21 AM EDT
USDCAD broke below 1.3330 support and extended its downside movement from 1.3715 to as low as 1.3282.
In this article: FXC, UUP
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AUDUSD Daily Analysis – Wednesday, August 5
Wednesday, August 5, 2020 3:41 AM EDT
AUDUSD moved sideways in a trading range between 0.7063 and 0.7227.
In this article: FXA, UUP
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AUDUSD Daily Analysis – Tuesday, August 4
Tuesday, August 4, 2020 5:05 AM EDT
AUDUSD remains in the uptrend from 0.6776, the price action from 0.7182 is likely consolidation for the uptrend.
In this article: FXA, UUP
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USDCAD Daily Analysis – Tuesday, August 4
Tuesday, August 4, 2020 3:22 AM EDT
USDCAD moved sideways in a trading range between 1.3330 and 1.3458.
In this article: FXC, UUP
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EURUSD Daily Analysis – Monday, August 3
Monday, August 3, 2020 6:31 PM EDT
EURUSD is in consolidation for the uptrend from 1.1168. Range trading between 1.1650 and 1.1908 would likely be seen in a couple of days.
In this article: FXE, UUP
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EURUSD Weekly Analysis – Sunday, August 2
Sunday, August 2, 2020 5:22 PM EDT
EURUSD stays above a rising trend line on the daily chart, and remains in the uptrend from 1.0635. As long as the trend line support holds, the upside movement could be expected to continue, and the next target would be around the 1.2100 area.
In this article: FXE
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The Biggest Problem With Using Indicators
Indicators are commonly considered as abstract and confusing by a lot of people. Forex analysis can be obscured by indicators since there are so many options from which you can choose. What makes indicators fail so hard for some people?
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