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...

USDCAD Weekly Analysis – June 3, 2017

by ForexCycle.com | June 3, 2017 6:40 am
After touching the support of the bottom trend line of the bullish price channel on the daily chart, USDCAD rebounded from 1.3387. However, the price action of the rebound is likely consolidation of the short term downtrend...

USDJPY Weekly Analysis – June 3, 2017

by ForexCycle.com | June 3, 2017 6:38 am
USDJPY is in uptrend from 108.13, the pullback from 114.36 is likely correction of the uptrend. Near term resistance is at 112.12, as long as this level holds, the correction pullback could be expected to continue, and...

AUDUSD Weekly Analysis – June 3, 2017

by ForexCycle.com | June 3, 2017 6:37 am
AUDUSD is now in uptrend from 0.7328, the fall from 0.7517 could be treated as correction of the uptrend. Near term resistance is at 0.7517, a break of this level could bring price to the next resistance...

GBPUSD Weekly Analysis – June 3, 2017

by ForexCycle.com | June 3, 2017 6:36 am
GBPUSD is facing the key support at 1.2756. A breakdown below this level will indicate that the upward movement from 1.2109 had completed at 1.3047 already, this could trigger another fall to test 1.1946 support. On the...

EURUSD Weekly Analysis – June 3, 2017

by ForexCycle.com | June 3, 2017 6:34 am
EURUSD continued its bullish movement from 1.0569 and the rise extended to as high as 1.1285. As long as the pair is above the ascending trend line on the 4-hour chart, the bullish move could be expected...