USDJPY Weekly Analysis – February 8, 2014

by ForexCycle.com | February 8, 2014 1:31 pm
USDJPY remains in downtrend from 105.44, and the fall extended to as low as 100.75. Further decline would likely be seen in a couple of weeks, and next target would be at 98.00 area. Initial resistance is...

AUDUSD Weekly Analysis – February 8, 2014

by ForexCycle.com | February 8, 2014 1:30 pm
AUDUSD broke above the upper line of the price channel on daily chart, suggesting that the downward movement from 0.9756 had completed at 0.8660 already. Further rally would likely be seen over the next several weeks, and...

GBPUSD Weekly Analysis – February 8, 2014

by ForexCycle.com | February 8, 2014 1:30 pm
GBPUSD is in uptrend from 1.4813, the fall from 1.6668 is treated as consolidation of uptrend. Deeper decline would likely be seen and the target would be a the lower line of the price channel on daily...

EURUSD Weekly Analysis – February 8, 2014

by ForexCycle.com | February 8, 2014 1:29 pm
EURUSD moved sideways in a range between 1.3296 and 1.3892. As long as 1.3296 support holds, the price action from 1.3832 could be treated as consolidation of the uptrend from 1.2747 (Apr 4, 2013 low), one more...

USDCAD Weekly Analysis – February 2, 2014

by ForexCycle.com | February 2, 2014 5:03 am
USDCAD continued its upward movement from 1.0182 and the rise extended to as high as 1.1224. Further rise could be expected after a minor consolidation, and next target would be at 1.1500 area. Initial support is at...

USDCHF Weekly Analysis – February 2, 2014

by ForexCycle.com | February 2, 2014 5:02 am
USDCHF stays within a downward price channel on daily chart, and remains in downtrend from 0.9751, the price action from 0.8890 could be treated as consolidation of the downtrend. Key resistance is at 0.9156, as long as...

USDJPY Weekly Analysis – February 2, 2014

by ForexCycle.com | February 2, 2014 5:02 am
USDJPY’s upward movement from 96.57 had completed at 105.44 already, the pair is now in downtrend. Further decline could be expected and next target would be at 98.00 area. Resistance levels are at 103.60 and 105.44, only...

AUDUSD Weekly Analysis – February 2, 2014

by ForexCycle.com | February 2, 2014 5:01 am
AUDUSD remains in downtrend from 0.9756, the rise from 0.8660 could be treated as consolidation of the downtrend. Key resistance is at the upper line of the price channel on daily chart. As long as the channel...

GBPUSD Weekly Analysis – February 2, 2014

by ForexCycle.com | February 2, 2014 5:01 am
GBPUSD stays within a upward price channel on daily chart, and remains in uptrend from 1.5854, the fall from 1.6668 could be treated as consolidation of the uptrend. As long as the channel support holds, the uptrend...

EURUSD Weekly Analysis – February 2, 2014

by ForexCycle.com | February 2, 2014 5:00 am
EURUSD’s fall from 1.3892 extended to as low as 1.3479. Deeper decline is still possible, and the target would be at the lower line of the price channel on daily chart. However, as long as the channel...