USDCAD Weekly Analysis – November 6, 2016

by ForexCycle.com | November 6, 2016 10:41 am
USDCAD’s upward movement from 1.2460 extended to as high as 1.3465. Key support is at 1.3000, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3700 area....

USDJPY Weekly Analysis – November 6, 2016

by ForexCycle.com | November 6, 2016 10:40 am
USDJPY continued its sideways movement in a range between 98.97 and 107.48. Another fall to test 98.97 support would likely be seen, a breakdown below this level will signal resumption of the long term downtrend from 125.85...

AUDUSD Weekly Analysis – November 6, 2016

by ForexCycle.com | November 6, 2016 10:39 am
AUDUSD stayed in the narrow range between 0.7441 and 0.7755 for several weeks. Key support is at 0.7441, as long as this level holds, the price action in the range could be treated as consolidation of the...

GBPUSD Weekly Analysis – November 6, 2016

by ForexCycle.com | November 6, 2016 10:39 am
GBPUSD remains in downtrend from 1.5016, the rise from 1.1946 is likely consolidation of the downtrend. Range trading between 1.1946 and 1.2700 is possible over the next several weeks. Resistance is at 1.2700, as long as this...

EURUSD Weekly Analysis – November 6, 2016

by ForexCycle.com | November 6, 2016 10:38 am
EURUSD broke above 1.1060 resistance, indicating that the downward movement from 1.1366 had completed at 1.0851 already. Further rally could be expected, and next target would be at 1.1500 area. Support is at 1.0851, only break below...

USDCAD Weekly Analysis – October 30, 2016

by ForexCycle.com | October 30, 2016 3:07 am
USDCAD broke above the top of the price channel on daily chart. Further rise could be expected over the next several weeks, and next target would be at 1.3700 area. Support is at 1.3200, only break below...

USDJPY Weekly Analysis – October 30, 2016

by ForexCycle.com | October 30, 2016 3:06 am
USDJPY remains in the sideways movement in a range between 98.97 and 107.48. Key resistance is at 107.48, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 125.85...

AUDUSD Weekly Analysis – October 30, 2016

by ForexCycle.com | October 30, 2016 3:06 am
AUDUSD continued its sideways movement in a range between 0.7441 and 0.7755. As long as 0.7441 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7144, and further rise to 0.8000 area...

GBPUSD Weekly Analysis – October 30, 2016

by ForexCycle.com | October 30, 2016 3:05 am
GBPUSD is in downtrend from 1.3444, the price action from 1.1946 is likely consolidation of the downtrend. Range trading between 1.1946 and 1.2600 is possible over the next several weeks. Only break above 1.2600 resistance will indicate...

EURUSD Weekly Analysis – October 30, 2016

by ForexCycle.com | October 30, 2016 3:04 am
EURUSD’s downward movement from 1.1366 extended to as low as 1.0851. Further decline is till possible after a minor consolidation, and next target would be at 1.0600 area. Resistance is at 1.1060, only break above this level...