USDCAD Weekly Analysis – January 3, 2016

by ForexCycle.com | January 3, 2016 7:29 am
USDCAD stays in a upward price channel on daily chart, and remains in uptrend from 1.2831. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.5000...

USDJPY Weekly Analysis – January 3, 2016

by ForexCycle.com | January 3, 2016 7:29 am
USDJPY continued its downward movement from 123.75, and the fall extended to as low as 120.00. Further decline would likely be seen in a couple of weeks, and next target would be at 118.00 area. Resistance is...

AUDUSD Weekly Analysis – January 3, 2016

by ForexCycle.com | January 3, 2016 7:28 am
AUDUSD continued its sideways movement in a range between 0.6907 and 0.7439. As long as 0.7439 resistance holds, the price action in the range could be treated as consolidation of the long term downtrend from 0.9504 (Jul...

GBPUSD Weekly Analysis – January 3, 2016

by ForexCycle.com | January 3, 2016 7:28 am
GBPUSD’s downward movement from 1.5929 extended to as low as 1.4732. Further decline to test 1.4565 previous low support is possible next weeks. Resistance is at the downward trend line on daily chart, only a clear break...

EURUSD Weekly Analysis – January 3, 2016

by ForexCycle.com | January 3, 2016 7:27 am
EURUSD is in uptrend from 1.0517, the fall from 1.1059 is likely correction of the uptrend. Another rise could be expected after correction, and next target would be at 1.2000 area. Support levels are at 1.0740 and...

USDCAD Weekly Analysis – December 27, 2015

by ForexCycle.com | December 27, 2015 7:50 am
USDCAD remains in uptrend from 1.2831, the fall from 1.4000 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on daily chart. As long as the channel support holds, the...

USDJPY Weekly Analysis – December 27, 2015

by ForexCycle.com | December 27, 2015 7:49 am
USDJPY’s downward movement from 123.75 extended to as low as 120.24. Further decline could be expected in a couple of weeks, and the target would be at 118.00 area. Resistance is at 123.75, only break above this...

AUDUSD Weekly Analysis – December 27, 2015

by ForexCycle.com | December 27, 2015 7:49 am
AUDUSD moved sideways in a trading range between 0.6907 and 0.7439 for several months. Another rise to test 0.7439 would likely be seen in a couple of weeks, a break of this level will indicate that the...

GBPUSD Weekly Analysis – December 27, 2015

by ForexCycle.com | December 27, 2015 7:48 am
GBPUSD continued its downward movement from 1.5929, and the fall extended to as low as 1.4805. Further decline could be expected after a minor consolidation, and next target would be at 1.4700 – 1.4800 area. Resistance is...

EURUSD Weekly Analysis – December 27, 2015

by ForexCycle.com | December 27, 2015 7:47 am
EURUSD remains in uptrend from 1.0517, the pullback from 1.0159 could be treated as consolidation of the uptrend. Near term support is at 1.0740, as long as this level holds, the uptrend could be expected to continue,...