USDJPY Weekly Analysis – August 3, 2014

by ForexCycle.com | August 3, 2014 6:21 am
USDJPY failed to break below 100.75 key support, and stays in a trading range between 100.75 and 104.12. As long as 100.75 support holds, the price action in the range could be treated as consolidation of the...

AUDUSD Weekly Analysis – August 3, 2014

by ForexCycle.com | August 3, 2014 6:21 am
AUDUSD continued its sideways movement in a range between 0.9202 and 0.9504. As long as 0.9202 key support holds, the uptrend from 0.8660 could be expected to resume, and next target would be at 1.0000. On the...

GBPUSD Weekly Analysis – August 3, 2014

by ForexCycle.com | August 3, 2014 6:20 am
GBPUSD broke below the lower line of the price channel on daily chart, indicating that the uptrend from 1.4813 (Jul 9, 2013 low) had completed at 1.7190 already. Further decline could be expected, and next target would...

EURUSD Weekly Analysis – August 3, 2014

by ForexCycle.com | August 3, 2014 6:19 am
EURUSD’s downward movement from 1.3993 extended to as low as 1.3366. Further decline could be expected after a minor consolidation, and next target would be at 1.3000 area. Resistance is at 1.3550, only break above this level...

USDCAD Weekly Analysis – July 26, 2014

by ForexCycle.com | July 26, 2014 11:54 am
USDCAD broke above the downward trend line on daily chart, indicating that the downtrend from 1.1278 had completed at 1.0619 already. Further rise could be expected, and next target would be at 1.1000 area. Support is at...

USDCHF Weekly Analysis – July 26, 2014

by ForexCycle.com | July 26, 2014 11:53 am
USDCHF broke above 0.9036 resistance, indicating that the downtrend from 0.9838 (May 22, 2013 high) had completed at 0.8699 already. The pair is now in uptrend, further rise could be expected, and next target would be at...

USDJPY Weekly Analysis – July 26, 2014

by ForexCycle.com | July 26, 2014 11:53 am
USDJPY moved sideways in a narrow range between 100.75 and 104.12 for several months. The price action in the range is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low). Key support is at 100.75,...

AUDUSD Weekly Analysis – July 26, 2014

by ForexCycle.com | July 26, 2014 11:52 am
AUDUSD stays in a trading range between 0.9202 and 0.9504. Key support is at 0.9202, a breakdown below this level will signal completion of the uptrend from 0.8660, then the following downward movement could bring price to...

GBPUSD Weekly Analysis – July 26, 2014

by ForexCycle.com | July 26, 2014 11:52 am
GBPUSD remains in uptrend from 1.4813 (Jul 9, 2013 low), the fall from 1.7190 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on daily chart. As long as the...

EURUSD Weekly Analysis – July 26, 2014

by ForexCycle.com | July 26, 2014 11:51 am
EURUSD broke below 1.3477 support, indicating that the uptrend from 1.2747 (Apr 4, 2013 low) had completed at 1.3993 already. The pair is now in downtrend, further decline could be expected over the next several weeks, and...