USDCAD Weekly Analysis – June 28, 2020

by ForexCycle.com | June 28, 2020 2:12 am
USDCAD stays in a falling price channel on the daily chart and remains in the downtrend from 1.4667. As long as the channel resistance holds, the bounce from 1.3314 could be treated as consolidation for the downtrend...

USDJPY Weekly Analysis – June 28, 2020

by ForexCycle.com | June 28, 2020 1:58 am
USDJPY is facing 105.98 support, a breakdown below this level could take the price to 103.00 area. Near term resistance is at 107.65, a breakout of this level could trigger another rise towards 112.00.

AUDUSD Weekly Analysis – June 28, 2020

by ForexCycle.com | June 28, 2020 1:56 am
AUDUSD stays above a rising trend line on the daily chart and remains in the uptrend from 0.5507. As long as the trend line support holds, the pullback from 0.7063 could be treated as consolidation for the...

GBPUSD Weekly Analysis – June 28, 2020

by ForexCycle.com | June 28, 2020 1:54 am
GBPUSD failed to break above the falling trend line on the daily chart and pulled back from 1.2812. However, another rise to test the trend line resistance is possible, and a breakout of 1.2812 level could trigger...

EURUSD Weekly Analysis – June 28, 2020

by ForexCycle.com | June 28, 2020 1:53 am
EURUSD remains in the uptrend from 1.0635, the pullback from 1.1422 is likely corrective consolidation for the uptrend. Another rise to test 1.1496 resistance is possible, a break of this level could take the price to 1.1800...

USDCAD Weekly Analysis – May 17, 2020

by ForexCycle.com | May 17, 2020 12:03 pm
USDCAD stays in a trading range between 1.3849 and 1.4348. Resistance is at 1.4348, as long as this level holds, the fall from 1.4667 could be expected to resume and further decline to the rising trend line...

USDJPY Weekly Analysis – May 17, 2020

by ForexCycle.com | May 17, 2020 12:02 pm
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 111.71 had completed at 105.98 already. Another rise towards 111.00 would likely be seen next week. Support is at 105.98,...

AUDUSD Weekly Analysis – May 17, 2020

by ForexCycle.com | May 17, 2020 12:01 pm
AUDUSD remains in the uptrend from 0.5507, the pullback from 0.6569 is likely consolidation for the uptrend. As long as 0.6250 support holds, the upside movement could be expected to resume and further rise to 0.6900 area...

GBPUSD Weekly Analysis – May 17, 2020

by ForexCycle.com | May 17, 2020 12:01 pm
GBPUSD broke below 1.2160 support, suggesting that the rise from 1.1409 had completed at 1.2647 already. Deeper decline would likely be seen and next target would be at 1.1700 area. Near term resistance is at 1.2280, a...

EURUSD Weekly Analysis – May 17, 2020

by ForexCycle.com | May 17, 2020 12:00 pm
EURUSD continued its sideways movement in a trading range between 1.0635 and 1.1147. As long as 1.1147 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.2555 (Feb 16, 2018 high), and...