USDCAD Weekly Analysis – February 4, 2018

by ForexCycle.com | February 4, 2018 8:15 am
USDCAD’s downside movement from 1.2920 extended to as low as 1.2248. Further decline towards 1.2061 support is still possible after consolidation. Near term resistance is at the top trend line of the price channel on the daily...

USDJPY Weekly Analysis – February 4, 2018

by ForexCycle.com | February 4, 2018 8:15 am
USDJPY stays in a falling price channel on the daily chart and remains in the downtrend from 113.75. As long as the channel resistance holds, the bounce from 108.28 could be treated as consolidation of the downtrend....

AUDUSD Weekly Analysis – February 4, 2018

by ForexCycle.com | February 4, 2018 8:14 am
AUDUSD dropped sharply from 0.8135 after breaking above 0.8124 resistance, suggesting that the upside movement from 0.7501 is complete. Further decline could be expected after consolidation and next target would be at 0.7800, followed by 0.7650. Resistance...

GBPUSD Weekly Analysis – February 4, 2018

by ForexCycle.com | February 4, 2018 8:14 am
GBPUSD remains in the uptrend from 1.3027, the fall from 1.4345 could be treated as consolidation of the uptrend. Near term support is at 1.3979. As long as this level holds, the uptrend could be expected to...

EURUSD Weekly Analysis – February 4, 2018

by ForexCycle.com | February 4, 2018 8:13 am
EURUSD remains in the uptrend from 1.1554, the fall from 1.2537 is likely consolidation of the uptrend. As long as the price is above the bullish trend line on the daily chart, the uptrend could be expected...

USDCAD Weekly Analysis – January 28, 2018

by ForexCycle.com | January 28, 2018 1:50 pm
After consolidation, USDCAD continued its downside movement from 1.2920, and the fall extended to as low as 1.2282. The key resistance is at 1.2590. As long as this level holds, further downside movement could be seen and...

USDJPY Weekly Analysis – January 28, 2018

by ForexCycle.com | January 28, 2018 1:49 pm
USDJPY’s downside movement from 113.75 extended to as low as 108.28. Deeper decline to test 107.31 support could be expected next week. A breakdown below this level could trigger further downside movement to 105.00 area. Resistance is...

AUDUSD Weekly Analysis – January 28, 2018

by ForexCycle.com | January 28, 2018 1:48 pm
AUDUSD extended its upside movement from 0.7501 to as high as 0.8135, breaking above 0.8124 resistance. Further rise is still possible after a minor consolidation and next target would be at 0.8250 area. The key support is...

GBPUSD Weekly Analysis – January 28, 2018

by ForexCycle.com | January 28, 2018 1:48 pm
GBPUSD extended its upside movement from 1.3027 to as high as 1.4345. Further rise is still possible after a minor consolidation and next target would be at 1.4500 area. Near term support is at 1.4000, only a...

EURUSD Weekly Analysis – January 28, 2018

by ForexCycle.com | January 28, 2018 1:47 pm
EURUSD’s upside movement from 1.1554 extended to as high as 1.2537. Further rise is still possible and next target would be at 1.2700 area. Near term support is now at 1.2350. Only a breakdown below this level...