USDCAD Weekly Analysis – July 30, 2017

by ForexCycle.com | July 30, 2017 3:16 am
USDCAD extended its bearish movement from 1.3793 to as low as 1.2413, and broke below 1.2460 (the May 2016 low) support, suggesting that the long term downtrend from 1.4689 (Jan 20, 2016 high) has resumed. Further decline...

USDJPY Weekly Analysis – July 30, 2017

by ForexCycle.com | July 30, 2017 3:15 am
USDJPY formed sideways movement in a trading range between 108.13 and 115.50 for several months. Another fall to retest 108.13 support would likely be seen, and a breakdown below this level signal resumption of the downtrend from...

AUDUSD Weekly Analysis – July 30, 2017

by ForexCycle.com | July 30, 2017 3:14 am
AUDUSD’s bullish movement from 0.7328 extended to as high as 0.8065. Near term support is at 0.7875, as long as the price is above this level, the bullish movement could be expected to continue and next target...

GBPUSD Weekly Analysis – July 30, 2017

by ForexCycle.com | July 30, 2017 3:13 am
GBPUSD’s upside movement from 1.2589 extended to as high as 1.3158. Further rise could be expected and next target would be at 1.3500 area. Near term support is at 1.2811, only a breakdown below this level could...

EURUSD Weekly Analysis – July 30, 2017

by ForexCycle.com | July 30, 2017 3:12 am
EURUSD extended its bullish movement from 1.0569 to as high as 1.1776. As long as the pair is above the bullish trend line on the daily chart, the uptrend could be expected to continue and next target...

USDCAD Weekly Analysis – July 22, 2017

by ForexCycle.com | July 22, 2017 8:02 am
USDCAD stays below a bearish trend line on its daily chart and remains in the downtrend from 1.3793. As long as the trend line resistance holds, the downtrend could be expected to continue and further decline to...

USDJPY Weekly Analysis – July 22, 2017

by ForexCycle.com | July 22, 2017 8:01 am
USDJPY failed to break above 115.50 again. Indicating that lengthier sideways movement in a range between 108.00 and 115.50 is underway. Another fall to test 108.13 support could be expected in a couple of weeks. Near term...

AUDUSD Weekly Analysis – July 22, 2017

by ForexCycle.com | July 22, 2017 8:00 am
AUDUSD extended its bullish movement to as high as 0.7989. Now the pair is facing the resistance of the bearish price channel on its monthly chart at around 0.7900. A clear break above the channel resistance could...

GBPUSD Weekly Analysis – July 22, 2017

by ForexCycle.com | July 22, 2017 7:58 am
GBPUSD broke above 1.3047 resistance and is now in uptrend from 1.2589. As long as 1.2811 support holds, the uptrend could be expected to continue and next target would be at 1.3500 area. On the downside, a...

EURUSD Weekly Analysis – July 22, 2017

by ForexCycle.com | July 22, 2017 7:57 am
EURUSD broke above 1.1450 key resistance and reached as high as 1.1682, confirming the double bottom pattern on the weekly chart. As long as the pair is above the rising trend line on the daily chart, the...