USDCAD Weekly Analysis – May 3, 2020

by ForexCycle.com | May 3, 2020 11:40 am
USDCAD moved sideways in a trading range between 1.3849 and 1.4348. Another fall towards the rising trend line on the daily chart would likely be seen after the sideways movement. Resistance is at 1.4348, only break above...

USDJPY Weekly Analysis – May 3, 2020

by ForexCycle.com | May 3, 2020 11:40 am
USDJPY extended its downside movement from 111.71 to as low as 106.35, breaking below 106.90 support. Deeper decline is still possible and next target would be at 104.00 area. Near term resistance is at 108.10, only break...

AUDUSD Weekly Analysis – May 3, 2020

by ForexCycle.com | May 3, 2020 11:39 am
AUDUSD broke above the falling trend line on the daily chart. Further rally would likely be seen after consolidation and next target would be at 0.6800 area. Key support is at 0.6250, only break below this level...

GBPUSD Weekly Analysis – May 3, 2020

by ForexCycle.com | May 3, 2020 11:38 am
GBPUSD failed to break above 1.2647 resistance and stayed in a trading range between 1.2160 and 1.2647. As long as 1.2160 support holds, the uptrend from 1.1409 could be expected to resume, and further rise towards the...

EURUSD Weekly Analysis – May 3, 2020

by ForexCycle.com | May 3, 2020 11:37 am
EURUSD broke above the falling trend line on the daily chart and continued its sideways movement in a trading range between 1.0635 and 1.1147. As long as 1.1147 resistance holds, the sideways movement could be treated as...

USDCAD Weekly Analysis – April 26, 2020

by ForexCycle.com | April 26, 2020 5:41 am
USDCAD broke above 1.4250 resistance, suggesting that the downside movement from 1.4667 had completed at 1.3854 already. Further rally would likely be seen in a couple of weeks and next target would be at 1.4600 area. Support...

USDJPY Weekly Analysis – April 26, 2020

by ForexCycle.com | April 26, 2020 5:39 am
USDJPY is testing 106.90 support, a breakdown below this level could signal resumption of the downtrend from 111.71, then further decline to 104.00 area could be seen. Near term resistance is at 108.20, a break of this...

AUDUSD Weekly Analysis – April 26, 2020

by ForexCycle.com | April 26, 2020 5:38 am
AUDUSD is testing the resistance at the falling trend line on the daily chart. A breakout of the trend line resistance could take the price to 0.6800 area. Near term support is at 0.6200, a breakdown below...

GBPUSD Weekly Analysis – April 26, 2020

by ForexCycle.com | April 26, 2020 5:37 am
GBPUSD moved sideways in a trading range between 1.2160 and 1.2647. As long as 1.2160 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.1409, and further rise towards the falling trend...

EURUSD Weekly Analysis – April 26, 2020

by ForexCycle.com | April 26, 2020 5:35 am
EURUSD’s fall from 1.1147 extended to as low as 1.0727. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next target would...