USDCAD Weekly Analysis – March 15, 2015

by ForexCycle.com | March 15, 2015 8:11 am
USDCAD broke above 1.2797 resistance, indicating that the uptrend from 1.0619 (Jul 3, 2014 low) has resumed. Further rise could be expected, and next target would be at 1.3500 area. Support is at 1.2600, only break below...

USDJPY Weekly Analysis – March 15, 2015

by ForexCycle.com | March 15, 2015 8:10 am
USDJPY broke above 121.84 resistance, indicating that the uptrend from 101.06 (Jul 10, 2014 low) has resumed. Further rise could be expected, and next target would be at 130.00 area. Support is at 119.00, only break below...

AUDUSD Weekly Analysis – March 15, 2015

by ForexCycle.com | March 15, 2015 8:10 am
AUDUSD broke below 0.7625 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. Near term resistance is at the downward...

GBPUSD Weekly Analysis – March 15, 2015

by ForexCycle.com | March 15, 2015 8:09 am
GBPUSD broke below 1.4950 support, and the downward movement from 1.7190 (Jul 15, 2014 high) extended to as low as 1.4698. Further decline could be expected after a minor consolidation, and next target would be at 1.4000...

EURUSD Weekly Analysis – March 15, 2015

by ForexCycle.com | March 15, 2015 8:08 am
EURUSD’s downward movement from 1.3993 (May 8, 2014 high) extended to as low as 1.0462. Further decline could be expected after a minor consolidation and next target would be at 1.0000 area. Resistance is now at 1.1000,...

USDCAD Weekly Analysis – March 8, 2015

by ForexCycle.com | March 8, 2015 9:48 am
USDCAD moved sideways in a trading range between 1.2351 and 1.2797. Near term support is at 1.2351, and the key support is located at the upward trend line on daily chart. As long as the trend line...

USDJPY Weekly Analysis – March 8, 2015

by ForexCycle.com | March 8, 2015 9:48 am
USDJPY is facing 121.84 resistance, a break of this level will indicate that the uptrend from 101.06 (Jul 10, 2014 low) has resumed, then next target would be at 130.00 area. On the other side, as long...

AUDUSD Weekly Analysis – March 8, 2015

by ForexCycle.com | March 8, 2015 9:47 am
AUDUSD failed to break above the downward trend line on daily chart, indicating that the pair remains in downtrend from 0.9504 (Jul 1, 2014 high), and the bounce from 0.7625 could be treated as consolidation of the...

GBPUSD Weekly Analysis – March 8, 2015

by ForexCycle.com | March 8, 2015 9:46 am
GBPUSD is facing 1.4950 support, a breakdown below this level will indicate that the downtrend from 1.7190 (Jul 15, 2014 high) has resumed, then next target would be at 1.4500 area. On the other side, as long...

EURUSD Weekly Analysis – March 8, 2015

by ForexCycle.com | March 8, 2015 9:46 am
EURUSD broke below 1.1097 support, and continued its downward movement from 1.3993 (May 8, 2014 high), and the fall extended to as low as 1.0839. Key resistance is now at 1.1533, as long as this level holds,...