USDCAD Weekly Analysis – July 26, 2020

by ForexCycle.com | July 26, 2020 10:15 am
USDCAD stays in a falling price channel on the daily chart and remains in the downtrend from 1.4667. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

USDJPY Weekly Analysis – July 26, 2020

by ForexCycle.com | July 26, 2020 10:14 am
USDJPY broke below 105.98 support. Further decline could be expected in a couple of weeks and next target would be at 104.00 area. Near term resistance is at 106.50, only break above this level could trigger another...

AUDUSD Weekly Analysis – July 26, 2020

by ForexCycle.com | July 26, 2020 10:11 am
AUDUSD broke above 0.7063 resistance and extended its upside movement from 0.5507 to as high as 0.7182. Further rise is still possible next week and next target would be at 0.7300 area. Support is located at the...

GBPUSD Weekly Analysis – July 26, 2020

by ForexCycle.com | July 26, 2020 10:10 am
GBPUSD broke above the falling trend line on the daily chart. Further rally could be expected and next target would be at 1.3100 area. Near term support is at 1.2600, a breakdown below this level could bring...

EURUSD Weekly Analysis – July 26, 2020

by ForexCycle.com | July 26, 2020 10:10 am
EURUSD extended its upside movement from 1.0635 to as high as 1.1657. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next...

USDCAD Weekly Analysis – July 19, 2020

by ForexCycle.com | July 19, 2020 1:34 pm
USDCAD is facing the resistance of the falling price channel on the daily chart. As long as the channel resistance holds, the downside movement from 1.4667 could be expected to continue and next target would be at...

USDJPY Weekly Analysis – July 19, 2020

by ForexCycle.com | July 19, 2020 1:33 pm
USDJPY failed to break below 105.98 key support. Another rise towards the falling trend line on the daily chart could be expected in the coming days. A breakout of the trend line resistance could trigger further upside...

AUDUSD Weekly Analysis – July 19, 2020

by ForexCycle.com | July 19, 2020 1:30 pm
AUDUSD is forming a sideways consolidation in a trading range between 0.6775 and 0.7063. As long as 0.6775 support holds, the uptrend from 0.5507 could be expected to continue and next target would be at 0.7300 area....

GBPUSD Weekly Analysis – July 19, 2020

by ForexCycle.com | July 19, 2020 1:29 pm
GBPUSD is facing the resistance of the falling trend line on the daily chart. A breakout of the trend line resistance could trigger further upside movement towards 1.3000. Near term support is at 1.2450, a breakdown below...

EURUSD Weekly Analysis – July 19, 2020

by ForexCycle.com | July 19, 2020 1:29 pm
EURUSD broke above 1.1422 resistance, suggesting that the uptrend from 1.0635 has resumed. Further rise would likely be seen and next target would be at 1.1600 area. Near term support is at 1.1330, a breakdown below this...