USDCAD Weekly Analysis – April 12, 2015

by ForexCycle.com | April 12, 2015 6:12 am
USDCAD continued its sideways movement in a range between 1.2351 and 1.2835. As long as 1.2351 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.0619 (Jul 3, 2014...

USDJPY Weekly Analysis – April 12, 2015

by ForexCycle.com | April 12, 2015 6:11 am
USDJPY is forming a sideways consolidation in a range between 115.56 and 122.02. Support is at 115.56, as long as this level holds, the uptrend from 101.06 (Jul 10, 2014 low) could be expected to resume, and...

AUDUSD Weekly Analysis – April 12, 2015

by ForexCycle.com | April 12, 2015 6:11 am
AUDUSD remains in downtrend from 0.9504 (Jul 1, 2014 high). Further decline could be expected over the next several weeks, and next target would be at 0.7000 area. Key resistance is now at 0.7938, only break above...

GBPUSD Weekly Analysis – April 12, 2015

by ForexCycle.com | April 12, 2015 6:10 am
GBPUSD broke below 1.4634 support, indicating that the downtrend from 1.7190 (Jul 15, 2014 high) has resumed. Further decline could be expected, and next target would be at 1.4000 area. Near term resistance is at 1.4800, only...

EURUSD Weekly Analysis – April 12, 2015

by ForexCycle.com | April 12, 2015 6:09 am
EURUSD stayed in the downward price channel on daily chart, and remains in downtrend from 1.3993 (May 8, 2014 high). Resistance is located at the top of the channel, as long as the channel resistance holds, the...

USDCAD Weekly Analysis – April 5, 2015

by ForexCycle.com | April 5, 2015 7:52 am
USDCAD failed to break above 1.2835 resistance, and stayed in the trading range between 1.2351 and 1.2835. Near term support is at 1.2351, as long as this level holds, the price action in the range could be...

USDJPY Weekly Analysis – April 5, 2015

by ForexCycle.com | April 5, 2015 7:51 am
USDJPY continued its sideways movement in the range between 115.56 and 122.02. Support is at 115.56, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from...

AUDUSD Weekly Analysis – April 5, 2015

by ForexCycle.com | April 5, 2015 7:50 am
AUDUSD broke below 0.7560 support, indicating that the downtrend from 0.9504 (Jul 1, 2014 high) has resumed. Further decline could be expected, and next target would be at 0.7000 area. Key resistance is now at 0.7938, only...

GBPUSD Weekly Analysis – April 5, 2015

by ForexCycle.com | April 5, 2015 7:49 am
GBPUSD remains in downtrend from 1.7190 (Jul 15, 2014 high), the rise from 1.4534 is likely consolidation of the downtrend. Further rise to the top of the price channel to complete the consolidation is possible. As long...

EURUSD Weekly Analysis – April 5, 2015

by ForexCycle.com | April 5, 2015 7:48 am
EURUSD remains in downtrend from 1.3993 (May 8, 2014 high), the rise from 1.0462 is likely consolidation of the downtrend. Resistance is located at the top of the channel, as long as the channel resistance holds, the...