USDCAD Weekly Analysis – April 10, 2016

by ForexCycle.com | April 10, 2016 7:52 am
USDCAD stays in a downward price channel on daily chart, and remains in downtrend from 1.4689. As long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 1.2500...

USDJPY Weekly Analysis – April 10, 2016

by ForexCycle.com | April 10, 2016 7:52 am
USDJPY continued its downward movement from 123.75, and the fall extended to as low as 107.67. Resistance is now at the downward trend line on daily chart. As long as the trend line resistance holds, the downtrend...

AUDUSD Weekly Analysis – April 10, 2016

by ForexCycle.com | April 10, 2016 7:51 am
AUDUSD is facing the support of the upward price channel on daily chart. As long as the channel support holds, the fall from 0.7722 could be treated as consolidation of the uptrend from 0.6826, another rise could...

GBPUSD Weekly Analysis – April 10, 2016

by ForexCycle.com | April 10, 2016 7:51 am
GBPUSD moved sideways in a range between 1.3835 and 1.4668 for several weeks. As long as 1.4668 key resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.5929 (Jun...

EURUSD Weekly Analysis – April 10, 2016

by ForexCycle.com | April 10, 2016 7:50 am
EURUSD continued its upward movement from 1.0822, and the rise extended to as high as 1.1453. Further rise could be expected after a minor consolidation, and next target would be at 1.2000 area. Support is at 1.1100,...

USDCAD Weekly Analysis – April 3, 2016

by ForexCycle.com | April 3, 2016 9:07 am
USDCAD’s downward movement from 1.4689 extended to as low as 1.2857. Resistance is at 1.3296, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.2500 area. On...

USDJPY Weekly Analysis – April 3, 2016

by ForexCycle.com | April 3, 2016 9:06 am
USDJPY remains in downtrend from 123.75, the sideways movement in a range between 110.66 and 114.87 is likely consolidation of the downtrend. Resistance is at 114.87, as long as this level holds, the downtrend could be expected...

AUDUSD Weekly Analysis – April 3, 2016

by ForexCycle.com | April 3, 2016 9:06 am
AUDUSD stays in the upward price channel on daily chart, and remains in uptrend from 0.6826. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.8000...

GBPUSD Weekly Analysis – April 3, 2016

by ForexCycle.com | April 3, 2016 9:05 am
GBPUSD continued its sideways movement in a range between 1.3835 and 1.4668. Key resistance is at 1.4668, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.5929 (Jun...

EURUSD Weekly Analysis – April 3, 2016

by ForexCycle.com | April 3, 2016 9:05 am
EURUSD’s upward movement from 1.0517 extended to as high as 1.1438. Further rise could be expected over the next several months, and next target would be at 1.2000 area. Support is at 1.1100, only break below this...