USDCAD Weekly Analysis – June 17, 2017

by ForexCycle.com | June 17, 2017 9:18 am
USDCAD broke below the bottom trend line of the bullish price channel on its daily chart, indicating that the uptrend from 1.2968 had completed at 1.3793 already. The pair is now in downtrend, as long as the...

USDJPY Weekly Analysis – June 17, 2017

by ForexCycle.com | June 17, 2017 9:15 am
USDJPY failed to break below 108.13 support and rebounded from 108.81, indicating that the correction pullback from 114.36 is complete. Further rally to test 112.12 resistance could be expected, a break through this level could trigger another...

AUDUSD Weekly Analysis – June 17, 2017

by ForexCycle.com | June 17, 2017 9:13 am
AUDUSD continued its upside movement from 0.7328 and the rise extended to as high as 0.7635. The uptrend could be expected to continue and next target would be at 0.8000 area. Near term support is at 0.7500,...

GBPUSD Weekly Analysis – June 17, 2017

by ForexCycle.com | June 17, 2017 9:11 am
GBPUSD broke below 1.2755 support and is now in downtrend from 1.3047. Further decline would likely be seen over the next several weeks, and next target would be at 1.2300 area. Resistance levels are at 1.2870 and...

EURUSD Weekly Analysis – June 17, 2017

by ForexCycle.com | June 17, 2017 9:10 am
EURUSD broke below the rising trend line on the daily chart. However, as long as the pair is above 1.1070 support, the fall from 1.1295 could be treated as consolidation of the uptrend from 1.0569, and another...

USDCAD Weekly Analysis – June 10, 2017

by ForexCycle.com | June 10, 2017 3:01 am
USDCAD is testing the support of the bullish price channel on its daily chart. A clear break out of the channel support will indicate that the uptrend from 1.2968 had completed at 1.3793 already, then deeper decline...

USDJPY Weekly Analysis – June 10, 2017

by ForexCycle.com | June 10, 2017 2:59 am
USDJPY’s fall from 114.36 extended to as low as 109.11. Near term resistance is at the top trend line of the price channel on its daily chart. As long as the channel resistance holds, the fall could...

AUDUSD Weekly Analysis – June 10, 2017

by ForexCycle.com | June 10, 2017 2:55 am
AUDUSD’s bounce from 0.7328 extended to as high as 0.7566. Further rise could be expected in a couple of weeks and next target would be at around 0.7700. Support is at 0.7450, only a breakdown below this...

GBPUSD Weekly Analysis – June 10, 2017

by ForexCycle.com | June 10, 2017 2:54 am
GBPUSD broke below 1.2756 key support, indicating that the upside movement from 1.2109 had completed at 1.3047 already. Further decline could be expected and next target would be at 1.2300 area. Resistance levels are at 1.2870 and...

EURUSD Weekly Analysis – June 10, 2017

by ForexCycle.com | June 10, 2017 2:53 am
EURUSD’s bullish movement from 1.0569 extended to as high as 1.1285. Near term support is at the ascending trend line on its daily chart. As long as the pair is above the trend line, the bullish move...