USDCAD Weekly Analysis – March 10, 2019

by ForexCycle.com | March 10, 2019 6:31 am
USDCAD broke above 1.3375 resistance, suggesting that the downside movement from 1.3664 had completed at 1.3068 already. Further rally could be expected and next target would be at 1.3600 area. Support is at 1.3300, a breakdown below...

USDJPY Weekly Analysis – March 10, 2019

by ForexCycle.com | March 10, 2019 6:30 am
USDJPY stays in a bullish price channel on the daily chart and remains in the uptrend from 105.05. As long as the channel support holds, the upside movement could be expected to continue and next target would...

AUDUSD Weekly Analysis – March 10, 2019

by ForexCycle.com | March 10, 2019 6:29 am
AUDUSD extended its downside movement from 0.7295 to as low as 0.7003. Further decline could be expected and next target would be at 0.6900 area. Resistance is located at the falling trend line on the daily chart,...

GBPUSD Weekly Analysis – March 10, 2019

by ForexCycle.com | March 10, 2019 6:28 am
GBPUSD is facing the support of the bullish trend line on the daily chart. As long as the trend line support holds, the price action from 1.3217 could be treated as consolidation for the uptrend from 1.2396,...

EURUSD Weekly Analysis – March 10, 2019

by ForexCycle.com | March 10, 2019 6:27 am
EURUSD broke below 1.1215 support, suggesting that the downside movement from 1.2555 (Feb 16, 2018 high) has resumed. Further decline is still possible and next target would be at 1.1000 area. Resistance is located at the falling...

USDCAD Weekly Analysis – March 3, 2019

by ForexCycle.com | March 3, 2019 9:40 am
USDCAD moved sideways in a trading range between 1.3068 and 1.3375 for several weeks. Key resistance is located at 1.3375. As long as this level holds, the price action in the range could be treated as consolidation...

USDJPY Weekly Analysis – March 3, 2019

by ForexCycle.com | March 3, 2019 9:39 am
USDJPY’s upside movement from 105.05 extended to as high as 112.07. As long as the price is above the bullish trend line on the daily chart, the upside movement could be expected to continue and next target...

AUDUSD Weekly Analysis – March 3, 2019

by ForexCycle.com | March 3, 2019 9:38 am
AUDUSD is facing 0.7054 support, a breakdown below this level would indicate that the downside movement from 0.7295 has resumed, then further decline towards 0.6900 could be seen. Near term resistance is at 0.7206, above here could...

GBPUSD Weekly Analysis – March 3, 2019

by ForexCycle.com | March 3, 2019 9:37 am
GBPUSD extended its upside movement from 1.2396 to as high as 1.3350. Further rise could be expected after a minor consolidation and next target would be at 1.3600 area. Near term support is at 1.3130, below this...

EURUSD Weekly Analysis – March 3, 2019

by ForexCycle.com | March 3, 2019 9:37 am
EURUSD stays in a trading range between 1.1215 and 1.1570. As long as 1.1570 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.2555 (Feb 16, 2018 high), a...