USDCAD Weekly Analysis – April 5, 2020

by ForexCycle.com | April 5, 2020 7:21 am
USDCAD remains in the uptrend from 1.2951, the pullback from 1.4667 is likely consolidation for the uptrend. As long as 1.3920 support holds, the upside movement could be expected to resume, and further rise towards 1.1500 is...

USDJPY Weekly Analysis – April 5, 2020

by ForexCycle.com | April 5, 2020 7:20 am
USDJPY failed to break above 112.22 resistance and pulled back from 111.71. However, the fall from 111.71 is likely corrective consolidation for the uptrend from 101.17, as low as 106.90 support holds, another rise to test 112.22...

AUDUSD Weekly Analysis – April 5, 2020

by ForexCycle.com | April 5, 2020 7:10 am
AUDUSD rebounded strongly from 0.5507, suggesting that the downside movement from 0.7031 had completed. Further rally would likely be seen and a breakout of 0.6213 resistance could trigger further upside movement towards the falling trend line on...

GBPUSD Weekly Analysis – April 5, 2020

by ForexCycle.com | April 5, 2020 7:09 am
GBPUSD rebounded strongly from 1.1409, suggesting that the downside movement from 1.3514 had completed. Further rally would likely be seen after a minor consolidation and a break of 1.2485 resistance could take the price towards the falling...

EURUSD Weekly Analysis – April 5, 2020

by ForexCycle.com | April 5, 2020 7:07 am
EURUSD remains in the downtrend from 1.1496, the bounce from 1.0635 is likely corrective consolidation for the downtrend. Further decline is possible after the consolidation and next target would be at 1.0400 area. Resistance is at 1.1147,...

USDCAD Weekly Analysis – March 29, 2020

by ForexCycle.com | March 29, 2020 11:07 am
USDCAD dropped sharply from 1.4667 to 1.3920. Further decline would likely be seen next week, and next target would be at the rising trend line on the daily chart. Near term resistance is at 1.4270, a break...

USDJPY Weekly Analysis – March 29, 2020

by ForexCycle.com | March 29, 2020 11:05 am
USDJPY failed to break above 112.22 resistance and pulled back from 111.71. However, another rise to test 112.22 resistance is possible next week, a break of this level could trigger further upside movement towards 115.50 resistance. Support...

AUDUSD Weekly Analysis – March 29, 2020

by ForexCycle.com | March 29, 2020 11:04 am
AUDUSD bounced strongly from 0.5507 to as high as 1.6199. Further rally would likely be seen next week, and next target would be at the falling trend line on the daily chart. As long as the trend...

GBPUSD Weekly Analysis – March 29, 2020

by ForexCycle.com | March 29, 2020 11:03 am
GBPUSD rebounded strongly from 1.1409. Further rally would likely be seen next week, and next target would be at the falling trend line on the daily chart. As long as the trend line resistance holds, the downtrend...

EURUSD Weekly Analysis – March 29, 2020

by ForexCycle.com | March 29, 2020 11:02 am
After breaking below 1.0778 support, EURUSD rebounded strongly from 1.0635. However, the bounce is likely corrective consolidation for the downtrend from 1.1496, another fall towards 1.0400 is still possible after the consolidation.