USDCAD Weekly Analysis – July 17, 2016

by ForexCycle.com | July 17, 2016 3:03 pm
USDCAD is testing 1.3188 resistance, a break of this level will indicate that the uptrend from 1.2460 has resumed, then the following upward movement could bring price to 1.3600 area. Support is at 1.2460, only a breakdown...

USDJPY Weekly Analysis – July 17, 2016

by ForexCycle.com | July 17, 2016 3:03 pm
USDJPY is facing the resistance of the downward trend line on daily chart. As long as the trend line resistance holds, the bounce from 98.97 could be treated as consolidation of the downtrend from 123.75 (Nov 18,...

AUDUSD Weekly Analysis – July 17, 2016

by ForexCycle.com | July 17, 2016 3:02 pm
AUDUSD’s upward movement from 0.7144 extended to as high as 0.7676. However, the rise would possibly be correction of the downtrend from 0.7834, another fall is still possible after correction, and next target would be at 0.6900.

GBPUSD Weekly Analysis – July 17, 2016

by ForexCycle.com | July 17, 2016 3:01 pm
GBPUSD remains in downtrend from 1.5016, the rise from 1.2795 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.2000. Near term resistance is at 1.3550, as...

EURUSD Weekly Analysis – July 17, 2016

by ForexCycle.com | July 17, 2016 3:01 pm
EURUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.1616. Further decline could be expected after a minor consolidation, and next target would be at 1.0600 area. Resistance is at the...

USDCAD Weekly Analysis – July 10, 2016

by ForexCycle.com | July 10, 2016 1:38 pm
USDCAD is facing 1.3188 resistance, a break of this level will indicate that the uptrend from 1.2460 has resumed, then next target would be at 1.3600 area. Support is at 1.2460, only a breakdown below this level...

USDJPY Weekly Analysis – July 10, 2016

by ForexCycle.com | July 10, 2016 1:37 pm
USDJPY remains in downtrend from 123.75, the rise from 98.97 is likely consolidation of the downtrend. Resistance is located at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend...

AUDUSD Weekly Analysis – July 10, 2016

by ForexCycle.com | July 10, 2016 1:37 pm
No changed in our view, AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 would possibly be correction of the downtrend. Another fall could be expected after correction and next target would be at 0.6900.

GBPUSD Weekly Analysis – July 10, 2016

by ForexCycle.com | July 10, 2016 1:36 pm
GBPUSD’s downward movement from 1.5016 extended to as low as 1.2795. Further decline could be expected after a minor consolidation, and next target would be at 1.2000 area. Near term resistance is at 1.3550, as long as...

EURUSD Weekly Analysis – July 10, 2016

by ForexCycle.com | July 10, 2016 1:36 pm
EURUSD remains in downtrend from 1.1616, the rise from 1.0911 is likely consolidation of the downtrend. Near term resistance is at 1.1440, as long as this level holds, the downtrend could be expected to continue, and next...