USDCAD Weekly Analysis – March 11, 2017

by ForexCycle.com | March 11, 2017 5:17 am
USDCAD remains in uptrend from 1.2460 (May 3, 2016 low). The price action from 1.3598 is likely consolidation of the uptrend. Further rise could be expected after the consolidation and next target would be at 1.4000 area....

USDJPY Weekly Analysis – March 11, 2017

by ForexCycle.com | March 11, 2017 5:16 am
USDJPY is facing the 115.62 resistance. A break of this level will indicate that the downtrend from 118.66 had completed at 111.58 already, then the following upward movement could bring price to 120.00 zone. On the other...

AUDUSD Weekly Analysis – March 11, 2017

by ForexCycle.com | March 11, 2017 5:15 am
Being contained by 0.7778 resistance, AUDUSD pulled back from 0.7740. The pair is now in downtrend. Further decline could be expected and next target would be at 0.7100 area. Resistance is at 0.7740, only break above this...

GBPUSD Weekly Analysis – March 11, 2017

by ForexCycle.com | March 11, 2017 5:14 am
GBPUSD continued its sideways movement in a trading range between 1.1946 and 1.2774. As long as 1.2774 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.5016, and further decline to 1.1500...

EURUSD Weekly Analysis – March 11, 2017

by ForexCycle.com | March 11, 2017 5:13 am
EURUSD stays in the descending price channel on daily chart and remains in downtrend from 1.1616 (May 3, 2016 high). As long as the channel resistance holds, the price action from 1.0340 could be treated as consolidation...

USDCAD Weekly Analysis – March 5, 2017

by ForexCycle.com | March 5, 2017 7:05 am
USDCAD broke above 1.3387 resistance, indicating that the long term uptrend from 1.2460 (May 3, 2016 low) has resumed. Further rise could be expected over the next several weeks, and next target would be at 1.4000 area....

USDJPY Weekly Analysis – March 5, 2017

by ForexCycle.com | March 5, 2017 7:04 am
USDJPY formed a sideways consolidation in a range between 111.58 and 115.62. As long as 115.62 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 118.66, and further decline to 110.00 area...

AUDUSD Weekly Analysis – March 5, 2017

by ForexCycle.com | March 5, 2017 7:03 am
AUDUSD failed to break above 0.7778 resistance and pulled back from 1.0340, indicating that the upward movement from 0.7158 had completed. Further decline would likely be seen in a couple of weeks, and the target would be...

GBPUSD Weekly Analysis – March 5, 2017

by ForexCycle.com | March 5, 2017 7:02 am
GBPUSD moved sideways in a range between 1.1946 and 1.2774 for several weeks. The sideways movement is likely consolidation of the downtrend from 1.5016. Further decline could be expected after consolidation and next target would be at...

EURUSD Weekly Analysis – March 5, 2017

by ForexCycle.com | March 5, 2017 6:52 am
EURUSD remains in downtrend from 1.1616 (May 3, 2016 high), the price action from 1.0340 is likely consolidation of the downtrend. Resistance is at the top of the price channel on daily chart. As long as the...