USDCAD Weekly Analysis – May 8, 2016

by ForexCycle.com | May 8, 2016 1:40 pm
USDCAD broke above the downward trend line on daily chart, indicating that the downtrend from 1.4689 had completed at 1.2460 already. Further rally could be expected over the next several weeks, and the target would be at...

USDJPY Weekly Analysis – May 8, 2016

by ForexCycle.com | May 8, 2016 1:39 pm
USDJPY stays below the downward trend line on daily chart, and remains in downtrend from 123.75. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...

AUDUSD Weekly Analysis – May 8, 2016

by ForexCycle.com | May 8, 2016 1:39 pm
AUDUSD broke below 0.7450 support, indicating that the upward movement from 0.6826 had completed at 0.7834 already. Further decline could be expected over the next several weeks, and next target would be at 0.7000 area.

GBPUSD Weekly Analysis – May 8, 2016

by ForexCycle.com | May 8, 2016 1:38 pm
After touching 1.4668 resistance, GBPUSD pulled back from 1.4769, indicating that the upward movement from 1.3835 had completed 1.4769 already. Deeper decline could be expected over the next several weeks, and the target would be at 1.4100...

EURUSD Weekly Analysis – May 8, 2016

by ForexCycle.com | May 8, 2016 1:37 pm
EURUSD’s upward movement from 1.0517 extended to as high as 1.1616. Support is at 1.1200, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.2000 area. On...

USDCAD Weekly Analysis – May 1, 2016

by ForexCycle.com | May 1, 2016 8:19 am
USDCAD continued its downward movement from 1.4689, and the fall extended to as low as 1.2499. Further decline is still possible over the next several weeks, and next target would be at 1.2000 area. Resistance is at...

USDJPY Weekly Analysis – May 1, 2016

by ForexCycle.com | May 1, 2016 8:19 am
After consolidation, USDJPY continued tis downward movement from 123.75, and the fall extended to as low as 106.27. Near term resistance is at the downward trend line on daily chart, and the key resistance is at 111.88,...

AUDUSD Weekly Analysis – May 1, 2016

by ForexCycle.com | May 1, 2016 8:18 am
AUDUSD broke below the support of the upward price channel on daily chart. Deeper decline to test 0.7450 key support is possible next week, a breakdown below this level will indicate that the uptrend from 0.6826 had...

GBPUSD Weekly Analysis – May 1, 2016

by ForexCycle.com | May 1, 2016 8:18 am
GBPUSD is facing 1.4668 resistance, a break of this level will indicate that the downtrend from 1.5929 (Jun 18, 2015 high) had completed at 1.3835 already, then the following upward movement could bring price to 1.5300 area....

EURUSD Weekly Analysis – May 1, 2016

by ForexCycle.com | May 1, 2016 8:17 am
EURUSD remains in uptrend from 1.0517. Further rise could be expected after a minor consolidation, and next target would be at 1.2000 area. Near term support is at 1.1100, and the key support is located at the...