USDCAD Weekly Analysis – August 12, 2017

by ForexCycle.com | August 12, 2017 8:16 am
USDCAD moved above the bearish trend line on its daily chart, indicating that correction for the downtrend from 1.3793 is underway. Range trading between 1.2413 and 1.2900 would likely be seen over the next several weeks. Support...

USDJPY Weekly Analysis – August 12, 2017

by ForexCycle.com | August 12, 2017 8:15 am
USDJPY is facing 108.13 support once again. A breakdown below this level will indicate that the downtrend from 118.66 has resumed, then the following bearish movement could bring price to 105.00 area. On the upside, as long...

AUDUSD Weekly Analysis – August 12, 2017

by ForexCycle.com | August 12, 2017 8:14 am
AUDUSD’s pullback from 0.8065 extended to as low as 0.7838, facing the support of the bullish trend line on its daily chart. As long as the price is above the trend line, the pullback could be treated...

GBPUSD Weekly Analysis – August 12, 2017

by ForexCycle.com | August 12, 2017 8:13 am
GBPUSD remains in the uptrend from 1.1987, the pullback from 1.3267 is likely consolidation of the uptrend. Near term support is at the rising trend line on the daily chart. As long as the price is above...

EURUSD Weekly Analysis – August 12, 2017

by ForexCycle.com | August 12, 2017 8:12 am
EURUSD stays in a bullish price channel on its daily chart and remains in the uptrend from 1.0569. As long as the price is in the channel, the pullback from 1.1909 could be treated as consolidation of...

USDCAD Weekly Analysis – August 6, 2017

by ForexCycle.com | August 6, 2017 1:25 pm
USDCAD is facing the resistance of the bearish trend line on its daily chart. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at around 1.2280....

USDJPY Weekly Analysis – August 6, 2017

by ForexCycle.com | August 6, 2017 1:24 pm
USDJPY moved sideways in a trading range between 108.13 and 115.50 for several months. As long as 108.13 key support holds, the sideways movement could be expected to continue and another rise to retest 115.50 resistance is...

AUDUSD Weekly Analysis – August 6, 2017

by ForexCycle.com | August 6, 2017 1:24 pm
AUDUSD stays above a bullish trend line on its daily chart and remains in the uptrend from 0.7328. Near term support is at 0.7875, as long as this level holds, the uptrend could be expected to continue...

GBPUSD Weekly Analysis – August 6, 2017

by ForexCycle.com | August 6, 2017 1:23 pm
GBPUSD stays above the ascending trend line on its daily chart remains in the uptrend from 1.1987. As long as the price is above the trend line the pullback from 1.3267 could be treated as consolidation of...

EURUSD Weekly Analysis – August 6, 2017

by ForexCycle.com | August 6, 2017 1:22 pm
EURUSD pulled back from 1.1909 after touching the top resistance trend line of the price channel on its daily chart, suggesting that consolidation for the bullish movement from 1.0569 is underway. Range trading between 1.1600 and 1.1909...