USDCAD Weekly Analysis – April 26, 2015

by ForexCycle.com | April 26, 2015 9:27 am
USDCAD is now in downtrend from 1.2835. Further decline would likely be seen over the next several weeks, and next target would be at 1.1500 area. Resistance is at 1.2450, only break above this level could trigger...

USDJPY Weekly Analysis – April 26, 2015

by ForexCycle.com | April 26, 2015 9:27 am
USDJPY is forming a sideways consolidation in a range between 115.56 and 122.02. Another fall to 115.00 area to complete the consolidation would likely be seen over the next several weeks. Key support is at 112.00, as...

AUDUSD Weekly Analysis – April 26, 2015

by ForexCycle.com | April 26, 2015 9:26 am
AUDUSD continued its sideways movement in a range between 0.7532 and 0.7938. Resistance is at 0.7938, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from...

GBPUSD Weekly Analysis – April 26, 2015

by ForexCycle.com | April 26, 2015 9:25 am
GBPUSD is facing the resistance of the price channel on daily chart, as long as the channel resistance holds, the rise from 1.4565 could be treated as consolidation of the downtrend from 1.7190 (Jul 15, 2014 high),...

EURUSD Weekly Analysis – April 26, 2015

by ForexCycle.com | April 26, 2015 9:25 am
EURUSD continued tis sideways movement in a range between 1.0462 and 1.1052. Near term resistance is at the top of the price channel on daily chart, followed by 1.1052. As long as 1.1052 resistance holds, the sideways...

USDCAD Weekly Analysis – April 19, 2015

by ForexCycle.com | April 19, 2015 8:52 am
USDCAD broke below 1.2200 support, indicating that the uptrend from 1.0619 (Jul 3, 2014 low) had completed at 1.2835 already. Further decline could be expected, and next target would be at 1.1500 area. Resistance is at 1.2450,...

USDJPY Weekly Analysis – April 19, 2015

by ForexCycle.com | April 19, 2015 8:51 am
USDJPY continued its sideways movement in a range between 115.56 and 122.02. Another fall to test 115.56 support is possible, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend...

AUDUSD Weekly Analysis – April 19, 2015

by ForexCycle.com | April 19, 2015 8:50 am
AUDUSD moved sideways in a trading range between 0.7532 and 0.7938. As long as 0.7938 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 0.9504 (Jul 1, 2014 high), another fall to...

GBPUSD Weekly Analysis – April 19, 2015

by ForexCycle.com | April 19, 2015 8:49 am
GBPUSD remains in downtrend from 1.7190 (Jul 15, 2014 high), the rise from 1.4565 is likely consolidation of the downtrend. Resistance is located at the top of the price channel on daily chart, as long as the...

EURUSD Weekly Analysis – April 19, 2015

by ForexCycle.com | April 19, 2015 8:48 am
EURUSD moved sideways in a range between 1.0462 and 1.1052. As long as 1.1052 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3993 (May 8, 2014 high), another...