USDCAD Weekly Analysis – November 17, 2019

by ForexCycle.com | November 17, 2019 10:54 am
USDCAD’s bounce from 1.3041 extended to as high as 1.3270. Further rise is still possible and next target would be at 1.3350 area. Near term support is at 1.3170, a breakdown below this level could trigger another...

USDJPY Weekly Analysis – November 17, 2019

by ForexCycle.com | November 17, 2019 10:52 am
USDJPY stays in a rising price channel on the daily chart and remains in the uptrend from 104.44. As long as the channel support holds, the upside movement could be expected to continue and next target would...

AUDUSD Weekly Analysis – November 17, 2019

by ForexCycle.com | November 17, 2019 10:51 am
AUDUSD stays below a falling trend line on the daily chart and remains in the downtrend from 0.7205. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...

GBPUSD Weekly Analysis – November 17, 2019

by ForexCycle.com | November 17, 2019 10:50 am
GBPUSD moved sideways in a narrow range between 1.2768 and 1.3012. As long as 1.2768 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.1958, further rise towards 1.3200 is still possible...

EURUSD Weekly Analysis – November 17, 2019

by ForexCycle.com | November 17, 2019 10:48 am
EURUSD’s fall from 1.1179 extended to as low as 1.0989. Deeper decline would likely be seen after a minor consolidation and next target would be at 1.0879 support. Near term resistance is at 1.1100, only break above...

USDCAD Weekly Analysis – November 10, 2019

by ForexCycle.com | November 10, 2019 9:43 am
USDCAD moved sideways in a trading range between 1.3015 and 1.3382. The sideways movement is likely consolidation for the downtrend from 1.3664 (Dec 31, 2018 high), as long as 1.3382 key resistance holds, another fall towards 1.2800...

USDJPY Weekly Analysis – November 10, 2019

by ForexCycle.com | November 10, 2019 9:42 am
USDJPY extended its upside movement from 104.44 to as high as 109.48. 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...

AUDUSD Weekly Analysis – November 10, 2019

by ForexCycle.com | November 10, 2019 9:41 am
AUDUSD failed to break above the resistance of the falling trend line on the daily chart and pulled back to 0.6900 area. Deeper decline to test 0.6800 support is possible next week, a breakdown below this level...

GBPUSD Weekly Analysis – November 10, 2019

by ForexCycle.com | November 10, 2019 9:39 am
GBPUSD is facing 1.2745 support, a breakdown below this level would indicate that the upside movement from 1.1958 had completed at 1.3012 already, then deeper decline could be seen and the target would be at the bullish...

EURUSD Weekly Analysis – November 10, 2019

by ForexCycle.com | November 10, 2019 9:38 am
EURUSD broke below 1.1050 support, indicating that the upside movement from 1.0879 had completed at 1.1179 already. Further decline could be expected in a couple of weeks and next target would be at 1.0879 support. Resistance levels...