USDJPY Weekly Analysis – August 23, 2020

USDJPY stays below a falling trend line on the daily chart and remains in the downtrend from 111.71. As long as the price is below the trend line, the price action from 104.18 could be treated as consolidation for the downtrend, and another fall to 103.00 area is possible after the consolidation. Only break above … Continue reading “USDJPY Weekly Analysis – August 23, 2020”

USDCAD Weekly Analysis – August 23, 2020

USDCAD’s downside movement from 1.4667 extended to as low as 1.3132. As long as the price is in the falling price channel on the daily chart, the downside movement could be expected to continue and next target would be at 1.3000 area. Resistance is located at the top of the channel, a breakout of the … Continue reading “USDCAD Weekly Analysis – August 23, 2020”

EURUSD Weekly Analysis – August 23, 2020

EURUSD moved sideways in a trading range between 1.1695 and 1.1965. As long as the price is above the rising trend line on the daily chart, the sideways movement could be treated as consolidation for the uptrend from 1.0635, and further rise to 1.2200 area is still possible. Only a breakdown below the trend line … Continue reading “EURUSD Weekly Analysis – August 23, 2020”