USDCAD Weekly Analysis – October 9, 2016

by ForexCycle.com | October 9, 2016 3:47 am
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 9, 2016

by ForexCycle.com | October 9, 2016 3:46 am
USDJPY continued its 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 123.75 (Nov...

AUDUSD Weekly Analysis – October 9, 2016

by ForexCycle.com | October 9, 2016 3:45 am
AUDUSD failed to break above 0.7755 resistance, and stayed in the trading range between 0.7441 and 0.7755. Sideways movement in the range could be seen in a couple of weeks. Support is at 0.7441, a breakdown below...

GBPUSD Weekly Analysis – October 9, 2016

by ForexCycle.com | October 9, 2016 3:44 am
GBPUSD’s downward movement from 1.3480 extended to as low as 1.1946. Further decline is still possible after consolidation, and next target would be at 1.1000 area. Resistance is located at the downward trend line on daily chart,...

EURUSD Weekly Analysis – October 9, 2016

by ForexCycle.com | October 9, 2016 3:43 am
EURUSD remains in uptrend from 1.0911, the fall from 1.1366 is likely consolidation of the uptrend. Further rise could be expected after consolidation and next target would be at 1.2000 area. Support is at 1.1050, only break...

USDCAD Weekly Analysis – October 2, 2016

by ForexCycle.com | October 2, 2016 12:42 pm
USDCAD is facing 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 2, 2016

by ForexCycle.com | October 2, 2016 12:41 pm
USDJPY is forming a sideways consolidation 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...

AUDUSD Weekly Analysis – October 2, 2016

by ForexCycle.com | October 2, 2016 12:41 pm
AUDUSD is facing 0.7755 resistance, a break of this level will signal resumption of the uptrend from 0.7144, then next target would be at 0.8000 area. On the downside, as long as 0.7755 resistance holds, another fall...

GBPUSD Weekly Analysis – October 2, 2016

by ForexCycle.com | October 2, 2016 12:40 pm
GBPUSD is testing 1.2795 support, a breakdown below this level will signal resumption of the downtrend from 1.5016, then next target would be at 1.2000 area. Key resistance is at 1.3480, only break above this level could...

EURUSD Weekly Analysis – October 2, 2016

by ForexCycle.com | October 2, 2016 12:38 pm
EURUSD continued its sideways movement in a range between 1.1122 and 1.1366. The sideways movement is likely consolidation of the uptrend from 1.0911. Further rise to 1.2000 area would likely be seen after consolidation. Support is at...