USDCAD Weekly Analysis – November 26, 2017

by ForexCycle.com | November 26, 2017 6:01 am
USDCAD broke below the bullish trend line on the daily chart and is now facing 1.2666 support. A breakdown below this level will confirm that the upside movement from 1.2061 had completed at 1.2916 already, then further...

USDJPY Weekly Analysis – November 26, 2017

by ForexCycle.com | November 26, 2017 6:00 am
USDJPY broke below 111.47 key support, confirming that the upside movement from 107.31 had completed at 114.73 already. Further decline would likely be seen over the next several weeks and next target would be at 109.50. A...

AUDUSD Weekly Analysis – November 26, 2017

by ForexCycle.com | November 26, 2017 6:00 am
AUDUSD is now facing the resistance of the bearish trend line on the daily chart. As long as the price is below the trend line, the bounce from 0.7535 could be treated as consolidation of the downtrend...

GBPUSD Weekly Analysis – November 26, 2017

by ForexCycle.com | November 26, 2017 5:59 am
GBPUSD failed to break below the bullish trend line on the daily chart and moved above 1.3337 resistance. Further rally is still possible and next target would be at 1.3420, followed by 1.3657. A breakout of 1.3657...

EURUSD Weekly Analysis – November 26, 2017

by ForexCycle.com | November 26, 2017 5:58 am
EURUSD extended its bounce from 1.1554 to as high as 1.1944, breaking above 1.1879 resistance. Further rise to test test 1.2092 resistance would likely be seen in the coming days, a breakout of this level will confirm...

USDCAD Daily Analysis – November 24, 2017

by ForexCycle.com | November 24, 2017 4:49 am
USDCAD is now facing 1.2666 support. A breakdown below this level could signal resumption of the downtrend from 1.2916, then next target would be at 1.2600, followed by 1.2433. Near term resistance is at 1.2790, only break...

USDJPY Daily Analysis – November 24, 2017

by ForexCycle.com | November 24, 2017 4:48 am
USDJPY stays below a falling trend line on the 4-hour chart and remains in downtrend from 114.73. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be...

AUDUSD Daily Analysis – November 24, 2017

by ForexCycle.com | November 24, 2017 4:47 am
AUDUSD’s upside movement from 0.7532 extended to as high as 0.7638. Further rise is still possible and next target would be at 0.7650. Above this level could take price to next resistance level at 0.7729. Near term...

GBPUSD Daily Analysis – November 24, 2017

by ForexCycle.com | November 24, 2017 4:46 am
GBPUSD is testing 1.3337 resistance, a breakout of this level could take price to 1.3470 area. Near term support is at the bottom support trend line on the price channel on the 4-hour chart. A clear break...

EURUSD Daily Analysis – November 24, 2017

by ForexCycle.com | November 24, 2017 4:46 am
EURUSD is facing 1.1879 resistance. A breakout of this level could signal resumption of the uptrend from 1.1554, then next target would be at 1.2000, followed by 1.2092 (Sep 8 high). Near term support levels are at...