USDCAD Weekly Analysis – May 4, 2019

by ForexCycle.com | May 4, 2019 1:10 pm
USDCAD remains in the uptrend from 1.3068, the fall from 1.3520 is likely consolidation for the uptrend. As long as 1.3250 key support holds, the upside movement could be expected to resume and further rise to 1.3650...

USDJPY Weekly Analysis – May 4, 2019

by ForexCycle.com | May 4, 2019 1:09 pm
USDJPY remains in the uptrend from 105.05. As long as the price is above the rising trend line on the daily chart, the pullback from 112.40 could be treated as consolidation for the uptrend, further rise to...

AUDUSD Weekly Analysis – May 4, 2019

by ForexCycle.com | May 4, 2019 1:08 pm
AUDUSD’s downside movement from 0.7205 extended to as low as 0.6984. Deeper decline is still possible and next target would be at 0.6900 area. Near term resistance is at 0.7070, a break of this level could trigger...

GBPUSD Weekly Analysis – May 4, 2019

by ForexCycle.com | May 4, 2019 1:07 pm
GBPUSD broke above the falling trend line on the daily chart, suggesting that the downside movement from 1.3381 had completed at 1.2865 already. Further rally could be expected and next target would be at 1.3381 resistance. Near...

EURUSD Weekly Analysis – May 4, 2019

by ForexCycle.com | May 4, 2019 1:06 pm
EURUSD stays below a bearish trend line on the daily chart and remains in the downtrend from 1.1570. As long as the price is below the trend line, the downside movement could be expected to continue and...

USDCAD Weekly Analysis – April 28, 2019

by ForexCycle.com | April 28, 2019 1:05 pm
USDCAD broke above 1.3467 resistance, suggesting that the uptrend from 1.3068 has resumed. Further rise could be expected in a couple of weeks and next target would be at 1.3650 area. Near term support is at 1.3400,...

USDJPY Weekly Analysis – April 28, 2019

by ForexCycle.com | April 28, 2019 1:04 pm
USDJPY stays above a rising trend line on the daily chart and remains in the uptrend from 105.05. As long as the trend line support holds, the upside movement could be expected to continue and next target...

AUDUSD Weekly Analysis – April 28, 2019

by ForexCycle.com | April 28, 2019 1:03 pm
AUDUSD broke below the rising trend line on the daily chart, suggesting that the upside movement from 0.7003 had completed at 0.7205 already. Further decline could be expected in the coming days and next target would be...

GBPUSD Weekly Analysis – April 28, 2019

by ForexCycle.com | April 28, 2019 1:02 pm
GBPUSD broke below 1.2960 support, suggesting that the upside movement from 1.2396 had completed at 1.3381 already. Further decline could be expected in a couple of weeks and next target would be at 1.2600 area. Resistance is...

EURUSD Weekly Analysis – April 28, 2019

by ForexCycle.com | April 28, 2019 1:01 pm
EURUSD broke below 1.1176 support and extended its downside movement from 1.1570 to as low as 1.1110. Further decline is still possible after a minor consolidation and next target would be at 1.1000 area. Near term resistance...