USDCAD Weekly Analysis – October 23, 2016

by ForexCycle.com | October 23, 2016 2:30 pm
USDCAD has reached the top of the price channel on daily chart. A clear break above the channel resistance could bring price to 1.3600 zone. Support is at 1.3000, only break below this level could bring price...

USDJPY Weekly Analysis – October 23, 2016

by ForexCycle.com | October 23, 2016 2:29 pm
USDJPY moved sideways in a range between 98.97 and 107.48. As long as 107.48 key resistance holds, the downtrend from 123.75 (Nov 18, 2015 high) could be expected to continue, and next target would be at 90.00....

AUDUSD Weekly Analysis – October 23, 2016

by ForexCycle.com | October 23, 2016 2:27 pm
AUDUSD failed to break above 0.7755 resistance and stayed in the trading range between 0.7441 and 0.7755. Key support is at 0.7441, as long as this level holds, the price action in the range could be treated...

GBPUSD Weekly Analysis – October 23, 2016

by ForexCycle.com | October 23, 2016 2:26 pm
GBPUSD remains in downtrend from 1.3444, further decline could be expected after a minor consolidation, and next target would be at 1.1500 area. Resistance is at 1.2600, only break above this level will indicate that the downtrend...

EURUSD Weekly Analysis – October 23, 2016

by ForexCycle.com | October 23, 2016 2:25 pm
EURUSD broke below 1.0911 support and reached as low as 1.0859. Further decline could be expected in a couple of weeks, and next target would be at 1.0600 area. Resistance is at 1.1080, only break above this...

USDCAD Weekly Analysis – October 16, 2016

by ForexCycle.com | October 16, 2016 12:57 pm
USDCAD is testing the resistance of the top of the price channel on daily chart. A clear break above the channel resistance could bring price to 1.3600 zone. Support is at 1.3000, only break below this level...

USDJPY Weekly Analysis – October 16, 2016

by ForexCycle.com | October 16, 2016 12:56 pm
USDJPY continued its sideways movement in a range between 98.97 and 107.48. As long as 107.48 key resistance holds, the downtrend from 123.75 (Nov 18, 2015 high) could be expected to continue, and next target would be...

AUDUSD Weekly Analysis – October 16, 2016

by ForexCycle.com | October 16, 2016 12:56 pm
AUDUSD moved sideways 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 is still...

GBPUSD Weekly Analysis – October 16, 2016

by ForexCycle.com | October 16, 2016 12:55 pm
GBPUSD is in consolidation of the downtrend from 1.3444. Range trading between 1.2050 and 1.2600 would likely be seen over the next several weeks. Resistance is at 1.2600, as long as this level holds, the downtrend could...

EURUSD Weekly Analysis – October 16, 2016

by ForexCycle.com | October 16, 2016 12:55 pm
EURUSD’s downward movement from 1.1366 extended to as low as 1.0970. Further decline could be expected in a couple of weeks, and next target would be at 1.0700 area. Resistance is at 1.1150, only break above this...