USDCAD Weekly Analysis – October 8, 2017

by ForexCycle.com | October 8, 2017 5:50 am
USDCAD’s bounce from 1.2061 extended to as high as 1.2598. Further rise is still possible in a couple of weeks and next target would be at 1.2778 resistance. Above this level would indicate that the downside movement...

USDJPY Weekly Analysis – October 8, 2017

by ForexCycle.com | October 8, 2017 5:50 am
USDJPY extended it upside movement from 107.31 to as high as 113.43. Further rise towards 115.50 key resistance is still possible in a couple of weeks. Above this level would confirm that the long term uptrend from...

AUDUSD Weekly Analysis – October 8, 2017

by ForexCycle.com | October 8, 2017 5:49 am
AUDUSD extended its downside movement from 0.8124 to as low as 0.7732, facing a resistance-turned-support trend line on the weekly chart now at around 0.7700. A breakthrough this trend would indicate that the whole upside movement from...

GBPUSD Weekly Analysis – October 8, 2017

by ForexCycle.com | October 8, 2017 5:48 am
GBPUSD’s pullback from 1.3657 extended to as low as 1.3027, facing the bullish trend line from 1.2109 to 1.2774 now at around 1.2950. As long as the price is above the trend line, the fall could be...

EURUSD Weekly Analysis – October 8, 2017

by ForexCycle.com | October 8, 2017 5:46 am
EURUSD is facing an important support level at 1.1662. A breakthrough below this level would indicate that the upside movement from 1.0340 had completed at 1.2092 already, then next target would be at the resistance-turned-support trend line...

USDCAD Weekly Analysis – September 30, 2017

by ForexCycle.com | September 30, 2017 9:25 am
USDCAD broke above the top trend line of the price channel on its daily chart. Further rise towards 1.2778 key resistance could be expected in a couple of weeks, a breakout of this level would confirm that...

USDJPY Weekly Analysis – September 30, 2017

by ForexCycle.com | September 30, 2017 9:24 am
USDJPY extended its bullish movement from 107.31 to as high as 113.25. Further rise to test 115.50 key resistance could be expected in a couple of weeks. Near term support is at 111.00, only a breakdown below...

AUDUSD Weekly Analysis – September 30, 2017

by ForexCycle.com | September 30, 2017 9:22 am
AUDUSD broke below 0.7807 key support, indicating that the upside movement from 0.7328 had completed at 0.8124 already. Further decline could be expected and next target would be at the resistance-turned-support trend line on the weekly chart...

GBPUSD Weekly Analysis – September 30, 2017

by ForexCycle.com | September 30, 2017 9:21 am
GBPUSD failed its attempt to breakout of the bearish trend line on its weekly chart and pulled back from 1.3657. However, the pair is above a bullish trend line on its daily chart, indicating that the price...

EURUSD Weekly Analysis – September 30, 2017

by ForexCycle.com | September 30, 2017 9:20 am
EURUSD broke below the rising price channel on its daily chart, indicating that consolidation for the uptrend from 1.0340 is underway. Range trading between 1.1662 and 1.2092 would likely be seen in a couple of weeks. As...