USDJPY Weekly Analysis – May 1, 2016

by ForexCycle.com | May 1, 2016 8:19 am
After consolidation, USDJPY continued tis downward movement from 123.75, and the fall extended to as low as 106.27. Near term resistance is at the downward trend line on daily chart, and the key resistance is at 111.88,...

AUDUSD Weekly Analysis – May 1, 2016

by ForexCycle.com | May 1, 2016 8:18 am
AUDUSD broke below the support of the upward price channel on daily chart. Deeper decline to test 0.7450 key support is possible next week, a breakdown below this level will indicate that the uptrend from 0.6826 had...

GBPUSD Weekly Analysis – May 1, 2016

by ForexCycle.com | May 1, 2016 8:18 am
GBPUSD is facing 1.4668 resistance, a break of this level will indicate that the downtrend from 1.5929 (Jun 18, 2015 high) had completed at 1.3835 already, then the following upward movement could bring price to 1.5300 area....

EURUSD Weekly Analysis – May 1, 2016

by ForexCycle.com | May 1, 2016 8:17 am
EURUSD remains in uptrend from 1.0517. Further rise could be expected after a minor consolidation, and next target would be at 1.2000 area. Near term support is at 1.1100, and the key support is located at the...

Woe-Mart: The Retail Giant Walmart Has Faltered

by ForexCycle.com | April 24, 2016 7:48 am
By Elliott Wave International Walmart founder Sam Walton said: “There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.” Never...

USDCAD Weekly Analysis – April 24, 2016

by ForexCycle.com | April 24, 2016 7:39 am
USDCAD’s downward movement from 1.4689 extended to as low as 1.2592. Further decline could be expected over the next several weeks, and next target would be at 1.2000 area. Resistance is at the downward trend line on...

USDJPY Weekly Analysis – April 24, 2016

by ForexCycle.com | April 24, 2016 7:39 am
USDJPY broke above the downward trend line on daily chart, indicating that the downward movement from 123.75 had completed at 107.63 already. Further rally could be expected over the next several weeks, and the target would be...

AUDUSD Weekly Analysis – April 24, 2016

by ForexCycle.com | April 24, 2016 7:38 am
AUDUSD continued its upward movement from 0.6826, and the rise extended to as high as 0.7834. Further rise is still possible in a couple of weeks, and next target would be at 0.8000 area. Near term support...

GBPUSD Weekly Analysis – April 24, 2016

by ForexCycle.com | April 24, 2016 7:37 am
GBPUSD moved sideways without trend in a trading range between 1.3835 and 1.4668 for several weeks. Key resistance is at 1.4668, as long as this level holds, the price action in the range could be treated as...