USDCAD Weekly Analysis – January 12, 2020

by ForexCycle.com | January 12, 2020 1:20 pm
USDCAD remains in the downtrend from 1.3327, the bounce from 1.2951 is likely consolidation for the downtrend. As long as 1.3110 resistance holds, the downtrend could be expected to resume, and further decline to 1.2800 area is...

USDJPY Weekly Analysis – January 12, 2020

by ForexCycle.com | January 12, 2020 1:19 pm
After touching 107.88 support, USDJPY rebounded strongly to 109.69, facing the resistance level at 109.72. Further rise would likely be seen next week and next target would be at 111.00 area. Near term support is at 108.95,...

AUDUSD Weekly Analysis – January 12, 2020

by ForexCycle.com | January 12, 2020 1:18 pm
AUDUSD broke below the rising trend line on the daily chart, suggesting that the upside movement from 0.6754 had completed at 0.7031 already. Further decline would likely be seen in a couple of weeks and next target...

GBPUSD Weekly Analysis – January 12, 2020

by ForexCycle.com | January 12, 2020 1:16 pm
GBPUSD is now in the downtrend from 1.3514. Further decline would likely be seen in a couple of weeks and next target would be at 1.2600 area. Near term resistance is at 1.3300, only break above this...

EURUSD Weekly Analysis – January 12, 2020

by ForexCycle.com | January 12, 2020 1:14 pm
EURUSD broke below the rising trend line on the daily chart, facing the key support level at 1.1066. As long as this level holds, the pullback from 1.1239 would possibly be consolidation for the uptrend from 1.0981,...

USDCAD Weekly Analysis – January 5, 2020

by ForexCycle.com | January 5, 2020 12:07 pm
USDCAD extended its downside movement from 1.3327 to as low as 1.2951, breaking below 1.3015 support. Further decline would likely be seen after a minor consolidation and next target would be at 1.2800 area. Near term resistance...

USDJPY Weekly Analysis – January 5, 2020

by ForexCycle.com | January 5, 2020 12:06 pm
USDJPY broke below 107.88 support, suggesting that the upside movement from 104.44 had completed at 109.72 already. Further decline would likely be seen and next target would be at 106.50 area. Near term resistance is at 108.50,...

AUDUSD Weekly Analysis – January 5, 2020

by ForexCycle.com | January 5, 2020 12:05 pm
AUDUSD is now in the uptrend from 0.6754. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target would be at...

GBPUSD Weekly Analysis – January 5, 2020

by ForexCycle.com | January 5, 2020 12:04 pm
GBPUSD broke below the rising price channel on the daily chart, suggesting that the upside movement from 1.1958 had completed at 1.3514 already. Further decline could be expected over the next several weeks and next target would...

EURUSD Weekly Analysis – January 5, 2020

by ForexCycle.com | January 5, 2020 12:03 pm
EURUSD is now in the uptrend from 1.0981. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target would be at...