USDCAD Weekly Analysis – January 14, 2018

by ForexCycle.com | January 14, 2018 10:06 am
USDCAD’s fall from 1.2920 extended to as low as 1.2355. Further decline is still possible after consolidation and next target would be at 1.2061 previous low support. Near term support is at 1.2355, a breakdown below this...

USDJPY Weekly Analysis – January 14, 2018

by ForexCycle.com | January 14, 2018 10:05 am
USDJPY is facing 110.84 support. A breakdown below this level could take price to next support level at 109.50. Below here would aim 107.31. On the upside, as long as 110.84 support holds, the price action in...

AUDUSD Weekly Analysis – January 14, 2018

by ForexCycle.com | January 14, 2018 10:05 am
AUDUSD extended its upside movement from 0.7501 to as high as 0.7924. Further rise is still possible after a minor consolidation and next target would be at 0.8124 resistance. Above this level would aim 0.8300 area. Near...

GBPUSD Weekly Analysis – January 14, 2018

by ForexCycle.com | January 14, 2018 10:04 am
GBPUSD broke above 1.3657 resistance, suggesting that the uptrend from 1.1946 (Oct 7, 2016 low) has resumed. Near term support is at 1.3590, followed by the rising trend line on the daily chart. As long as the...

EURUSD Weekly Analysis – January 14, 2018

by ForexCycle.com | January 14, 2018 10:03 am
EURUSD broke above 1.2092 resistance, suggesting that the uptrend from 1.0340 (Jan 3 low) has resumed. Near term support is at 1.2070, followed by the bullish trend line on the daily chart. As long as the price...

USDCAD Weekly Analysis – January 7, 2018

by ForexCycle.com | January 7, 2018 10:50 am
USDCAD extended its downside movement from 1.2920 to as low as 1.2355, breaking below 1.2433 support. Further decline would likely be seen in a couple of weeks and next target would be at 1.2061 support. Near term...

USDJPY Weekly Analysis – January 7, 2018

by ForexCycle.com | January 7, 2018 10:49 am
USDJPY stayed in a trading range between 110.84 and 114.73 for several weeks. The price action in the range is likely consolidation of the uptrend from 107.31. As long as 110.84 support holds, the upside movement could...

AUDUSD Weekly Analysis – January 7, 2018

by ForexCycle.com | January 7, 2018 10:49 am
AUDUSD continued its upside movement from 0.7501 to as high as 0.7874, facing 0.7897 resistance. A break above this level could trigger further upside movement towards 0.8124 previous high. Near term support is at 0.7800, only break...

GBPUSD Weekly Analysis – January 7, 2018

by ForexCycle.com | January 7, 2018 10:48 am
GBPUSD stays above a bullish trend line on its daily chart and remains in the uptrend from 1.1946 (Oct 7, 2016 low). The pair is now facing 1.3657 resistance. A breakout of this level will suggest that...

EURUSD Weekly Analysis – January 7, 2018

by ForexCycle.com | January 7, 2018 10:46 am
EURUSD is now facing 1.2092 resistance. A breakout of this level will indicate that the uptrend from 1.0340 (Jan 3 low) has resumed, then next target would be at 1.2500 area. On the downside, a clear break...