USDCAD Weekly Analysis – October 15, 2017

by ForexCycle.com | October 15, 2017 9:02 am
USDCAD is forming a sideways movement in a trading range between 1.2061 and 1.2778. As long as 1.2778 key resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3793 and another fall...

USDJPY Weekly Analysis – October 15, 2017

by ForexCycle.com | October 15, 2017 9:02 am
USDJPY pulled back from 113.43 after approaching a major resistance trend line on the daily chart and is now facing a key support at 111.47. As long as this price is above this support level, the pullback...

AUDUSD Weekly Analysis – October 15, 2017

by ForexCycle.com | October 15, 2017 9:01 am
AUDUSD failed in its attempt to break below the resistance-turned-support trend line on the weekly chart now at around 0.7700 and rebounded strongly from 0.7732, indicating that correction of the downtrend from 0.8124 is underway. Further rally...

GBPUSD Weekly Analysis – October 15, 2017

by ForexCycle.com | October 15, 2017 9:00 am
GBPUSD failed in its attempt to break below the bullish trend line on the daily chart and rebounded from 1.3027, indicating that the pair remains in the uptrend from 1.1987. Further rise towards the bearish trend line...

EURUSD Weekly Analysis – October 15, 2017

by ForexCycle.com | October 15, 2017 8:59 am
EURUSD failed to break below 1.1662 key support and stayed in a trading range between 1.1662 and 1.2092. The range trading could be expected to continue in a couple of weeks. As long as the price is...

USDCAD Weekly Analysis – October 8, 2017

by ForexCycle.com | October 8, 2017 5:50 am
USDCAD’s bounce from 1.2061 extended to as high as 1.2598. Further rise is still possible in a couple of weeks and next target would be at 1.2778 resistance. Above this level would indicate that the downside movement...

USDJPY Weekly Analysis – October 8, 2017

by ForexCycle.com | October 8, 2017 5:50 am
USDJPY extended it upside movement from 107.31 to as high as 113.43. Further rise towards 115.50 key resistance is still possible in a couple of weeks. Above this level would confirm that the long term uptrend from...

AUDUSD Weekly Analysis – October 8, 2017

by ForexCycle.com | October 8, 2017 5:49 am
AUDUSD extended its downside movement from 0.8124 to as low as 0.7732, facing a resistance-turned-support trend line on the weekly chart now at around 0.7700. A breakthrough this trend would indicate that the whole upside movement from...

GBPUSD Weekly Analysis – October 8, 2017

by ForexCycle.com | October 8, 2017 5:48 am
GBPUSD’s pullback from 1.3657 extended to as low as 1.3027, facing the bullish trend line from 1.2109 to 1.2774 now at around 1.2950. As long as the price is above the trend line, the fall could be...

EURUSD Weekly Analysis – October 8, 2017

by ForexCycle.com | October 8, 2017 5:46 am
EURUSD is facing an important support level at 1.1662. A breakthrough below this level would indicate that the upside movement from 1.0340 had completed at 1.2092 already, then next target would be at the resistance-turned-support trend line...