USDCAD Weekly Analysis – March 18, 2017

by ForexCycle.com | March 18, 2017 2:30 pm
USDCAD failed to break above 1.3598 resistance and pulled back from 1.3534. Deeper decline would likely be seen in a couple of weeks, and next target would be at 1.3100 area. Resistance is now at 1.3534, only...

USDJPY Weekly Analysis – March 18, 2017

by ForexCycle.com | March 18, 2017 2:29 pm
USDJPY failed to break above 115.62 resistance and continued its sideways movement in a range between 111.58 and 115.62. Deeper decline to test 111.58 support would likely be seen next week. A break of this level will...

AUDUSD Weekly Analysis – March 18, 2017

by ForexCycle.com | March 18, 2017 2:28 pm
AUDUSD is facing 0.7740 resistance. A break of this level will signal resumption of the uptrend from 0.7158, then next target would be at 0.8000 area. Support is now at 0.7490, only break below this level will...

GBPUSD Weekly Analysis – March 18, 2017

by ForexCycle.com | March 18, 2017 2:27 pm
Being contained by the 1.1946 support, GBPUSD rebounded from 1.2109, indicating that lengthier sideways movement is a range between 1.1946 and 1.2774 is underway. Another rise to test 1.2774 resistance would likely be seen, as long as...

EURUSD Weekly Analysis – March 18, 2017

by ForexCycle.com | March 18, 2017 2:26 pm
EURUSD is facing the resistance of the descending price channel on daily chart. As long as the pair stays in the channel, the price action from 1.0340 could be treated as consolidation of the downtrend from 1.1616...

USDCAD Daily Analysis – March 17, 2017

by ForexCycle.com | March 17, 2017 2:31 am
USDCAD is now in downtrend from 1.3535, the rise from 1.3276 is likely consolidation of the downtrend. Further decline is still possible after the consolidation and next target would be at 1.3100 area. Resistance is at 1.3380,...

USDJPY Daily Analysis – March 17, 2017

by ForexCycle.com | March 17, 2017 2:30 am
USDJPY’s short term downtrend from 115.50 extended to as low as 112.90. Deeper decline to test 111.59 support is still possible after a minor consolidation. Resistance is located at the top of the price channel on 4-hours...

AUDUSD Daily Analysis – March 17, 2017

by ForexCycle.com | March 17, 2017 2:29 am
Under pressure by 0.7740 resistance, AUDUSD pulled back from 0.7719. However, the pullback is likely consolidation of the uptrend from 0.7490. Support is at 0.7640, as long as the pair is above this level, the uptrend could...

GBPUSD Daily Analysis – March 17, 2017

by ForexCycle.com | March 17, 2017 2:28 am
GBPUSD’s rise from 1.2109 extended to as high as 1.2377. Further rise could be expected after a minor consolidation and next target would be at 1.2450 area. Support is at the ascending trend line on 4-hour chart....