USDCAD Weekly Analysis – April 8, 2017

by ForexCycle.com | April 8, 2017 1:12 pm
USDCAD moved sideways in a trading range between 1.3264 and 1.3534. The sideways movement is likely consolidation of the short term uptrend from 1.2968 and further rise to 1.3800 area is possible after the consolidation. On the...

USDJPY Weekly Analysis – April 8, 2017

by ForexCycle.com | April 8, 2017 1:11 pm
USDJPY stays below a descending trend line on daily chart and remains in downtrend from 118.66. As long as the pair is below the trend line, the downtrend could be expected to continue, and next target would...

AUDUSD Weekly Analysis – April 8, 2017

by ForexCycle.com | April 8, 2017 1:10 pm
AUDUSD is facing 0.7490 support, a breakdown below this level will indicate that the upward movement from 0.7158 had completed at 0.7749 already, then the following downward movement could bring price to 0.7000 area. On the upside,...

GBPUSD Weekly Analysis – April 8, 2017

by ForexCycle.com | April 8, 2017 1:09 pm
Under pressure by the downward trend line on daily chart, GBPUSD pulled back from 1.2615, indicating that lengthier sideways movement in the range between 1.1946 and 1.2774 is underway. Another fall to test 1.1946 support could be...

EURUSD Weekly Analysis – April 8, 2017

by ForexCycle.com | April 8, 2017 1:07 pm
EURUSD stays in the descending price channel on daily chart and remains in downtrend from 1.1616 (May 3, 2016 high). Further decline could be expected over the next several weeks and next target would be at 1.0400...

USDCAD Weekly Analysis – April 2, 2017

by ForexCycle.com | April 2, 2017 3:36 am
USDCAD broke below the ascending price channel on daily chart, indicating that the upward movement from 1.2968 had completed at 1.3534 already. Another fall to 1.2900 area would likely be seen over the next several weeks. Resistance...

USDJPY Weekly Analysis – April 2, 2017

by ForexCycle.com | April 2, 2017 3:35 am
USDJPY remains in downtrend from 115.50, the rise from 110.11 is likely consolidation of the downtrend. Resistance is at 113.00, as long as the pair is below this level, the downtrend could be expected to continue, and...

AUDUSD Weekly Analysis – April 2, 2017

by ForexCycle.com | April 2, 2017 3:34 am
AUDUSD remains in uptrend from 0.7158, the price action from 0.7740 could be treated as consolidation of the uptrend. As long as 0.7490 support holds, the uptrend could be expected to resume, and further rise to 0.8000...

GBPUSD Weekly Analysis – April 2, 2017

by ForexCycle.com | April 2, 2017 3:33 am
GBPUSD continued its sideways movement in a 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 area...

EURUSD Weekly Analysis – April 2, 2017

by ForexCycle.com | April 2, 2017 3:31 am
After touching the top of the price channel on daily chart, EURUSD pulled back to 1.0650, indicating that the pair remains in downtrend from 1.1616 (May 3, 2016 high), and the rise from 1.0340 could be treated...