USDCAD Weekly Analysis – March 25, 2017

by ForexCycle.com | March 25, 2017 1:01 am
USDCAD stays in a ascending price channel on daily chart, implying that the pair remains in uptrend from 1.2968, and the fall from 1.3534 would possibly be correction of the uptrend. As long as the pair is...

USDJPY Weekly Analysis – March 25, 2017

by ForexCycle.com | March 25, 2017 1:00 am
USDJPY broke below 111.58 support, indicating that the downtrend from 118.66 has resumed. Further decline could be expected over the next several weeks and next target would be at 105.00 area. Near term resistance is at 113.00,...

AUDUSD Weekly Analysis – March 25, 2017

by ForexCycle.com | March 25, 2017 12:59 am
AUDUSD failed to break above 0.7778 resistance again and pulled back to 0.7600 area, indicating that lengthier consolidation for the uptrend from 0.7158 is needed. However, as long as the pair stays above 0.7490 support, another rise...

GBPUSD Weekly Analysis – March 25, 2017

by ForexCycle.com | March 25, 2017 12:58 am
GBPUSD is forming a sideways consolidation in a trading range between 1.1946 and 1.2774. As long as the pair is below 1.2774 key resistance, the long term downtrend from 1.5016 could be expected to resume and another...

EURUSD Weekly Analysis – March 25, 2017

by ForexCycle.com | March 25, 2017 12:57 am
EURUSD is testing the resistance of the price channel on daily chart. As long as the channel resistance holds, the price action from 1.0340 could be treated as consolidation of the downtrend from 1.1616 (May 3, 2016...

USDCAD Weekly Analysis – March 18, 2017

by ForexCycle.com | March 18, 2017 2:30 pm
USDCAD failed to break above 1.3598 resistance and pulled back from 1.3534. Deeper decline would likely be seen in a couple of weeks, and next target would be at 1.3100 area. Resistance is now at 1.3534, only...

USDJPY Weekly Analysis – March 18, 2017

by ForexCycle.com | March 18, 2017 2:29 pm
USDJPY failed to break above 115.62 resistance and continued its sideways movement in a range between 111.58 and 115.62. Deeper decline to test 111.58 support would likely be seen next week. A break of this level will...

AUDUSD Weekly Analysis – March 18, 2017

by ForexCycle.com | March 18, 2017 2:28 pm
AUDUSD is facing 0.7740 resistance. A break of this level will signal resumption of the uptrend from 0.7158, then next target would be at 0.8000 area. Support is now at 0.7490, only break below this level will...

GBPUSD Weekly Analysis – March 18, 2017

by ForexCycle.com | March 18, 2017 2:27 pm
Being contained by the 1.1946 support, GBPUSD rebounded from 1.2109, indicating that lengthier sideways movement is a range between 1.1946 and 1.2774 is underway. Another rise to test 1.2774 resistance would likely be seen, as long as...

EURUSD Weekly Analysis – March 18, 2017

by ForexCycle.com | March 18, 2017 2:26 pm
EURUSD is facing the resistance of the descending price channel on daily chart. As long as the pair stays in the channel, the price action from 1.0340 could be treated as consolidation of the downtrend from 1.1616...