GBPUSD Weekly Analysis – January 4, 2015

by ForexCycle.com | January 4, 2015 7:24 am
GBPUSD’s downward movement from 1.7190 (Jul 15, 2014 high) extended to as low as 1.5324. Further decline could be expected, and next target would be at 1.5000 area. Key resistance is at 1.5825, only break above this...

EURUSD Weekly Analysis – January 4, 2015

by ForexCycle.com | January 4, 2015 7:22 am
EURUSD continued its downward movement from 1.3993 (May 8, 2014 high), and the fall extended to as low as 1.2000. Further decline could be expected after a minor consolidation, and next target would be at 1.1500 area....

USDCAD Weekly Analysis – December 28, 2014

by ForexCycle.com | December 28, 2014 6:20 am
USDCAD stays above the upward trend line on daily chart, and remains in uptrend from 1.0619. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...

USDCHF Weekly Analysis – December 28, 2014

by ForexCycle.com | December 28, 2014 6:19 am
USDCHF stays above the upward trend line on daily chart, and remains in uptrend from 0.8703. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...

USDJPY Weekly Analysis – December 28, 2014

by ForexCycle.com | December 28, 2014 6:19 am
USDJPY is facing 121.84 resistance, a break of this level will signal resumption of the uptrend from 101.06, then next target would be at 130.00 area. Key support is at 115.56, only break below this level will...

AUDUSD Weekly Analysis – December 28, 2014

by ForexCycle.com | December 28, 2014 6:18 am
AUDUSD’s downward movement from 0.9504 extended to as low as 0.8087. Further decline could be expected after a minor consolidation, and next target would be at 0.7500 area. Resistance is located at the downward trend line on...

GBPUSD Weekly Analysis – December 28, 2014

by ForexCycle.com | December 28, 2014 6:17 am
After consolidation, GBPUSD continued its downward movement from 1.7190, and the fall extended to as low as 1.5485. Key resistance is at 1.5825, as long as this level holds, the downtrend could be expected to continue, and...

EURUSD Weekly Analysis – December 28, 2014

by ForexCycle.com | December 28, 2014 6:17 am
EURUSD’s downward movement from 1.3993 extended to as low as 1.2164. Near term resistance is located at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could be expected...

USDCAD Weekly Analysis – December 21, 2014

by ForexCycle.com | December 21, 2014 5:33 am
USDCAD’s upward movement from 1.0619 extended to as high as 1.1673. Support is located at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could be expected to continue,...

USDCHF Weekly Analysis – December 21, 2014

by ForexCycle.com | December 21, 2014 5:32 am
USDCHF broke above 0.9817 previous high, indicating that the uptrend from 0.8703 has resumed. Near term support is at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could...