USDCAD Weekly Analysis – January 26, 2020

by ForexCycle.com | January 26, 2020 2:40 am
USDCAD’s bounce from 1.2951 extended to as high as 1.3170. Further rise would likely be seen next week and the target would be at the top of the price channel on the daily chart. On the downside,...

USDJPY Weekly Analysis – January 26, 2020

by ForexCycle.com | January 26, 2020 2:39 am
Being contained by the rising price channel on the daily chart, USDJPY pulled back from 110.28. Further decline is still possible next week and the target would be at the bottom of the channel. Near term resistance...

AUDUSD Weekly Analysis – January 26, 2020

by ForexCycle.com | January 26, 2020 2:38 am
AUDUSD extended its downside movement from 0.7031 to as low as 0.6817. 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...

GBPUSD Weekly Analysis – January 26, 2020

by ForexCycle.com | January 26, 2020 2:37 am
GBPUSD moved sideways in a trading range between 1.2905 and 1.3284. Support is at 1.2905, a breakdown below this level would confirm that the upside movement from 1.1958 had completed at 1.3514 already, then further decline to...

EURUSD Weekly Analysis – January 26, 2020

by ForexCycle.com | January 26, 2020 2:36 am
EURUSD broke below the rising trend line on the daily and is now in the downtrend from 1.1239. Further decline would likely be seen and next target would be at 1.0900 area. Resistance is located at the...

USDCAD Weekly Analysis – January 19, 2020

by ForexCycle.com | January 19, 2020 1:09 pm
USDCAD remains in the downtrend from 1.3382, the bounce from 1.2951 is likely consolidation for the downtrend. Further decline is possible and next target would be at 1.2800 area. Near term resistance is at 1.3110, a break...

USDJPY Weekly Analysis – January 19, 2020

by ForexCycle.com | January 19, 2020 1:08 pm
USDJPY extended its upside movement from 104.44 to as high as 110.28, breaking above 109.72 resistance. Further rise could be expected next week and next target would be at 111.50 area. Near term support is at 109.40,...

AUDUSD Weekly Analysis – January 19, 2020

by ForexCycle.com | January 19, 2020 1:07 pm
AUDUSD is now in the downtrend from 0.7031, further decline would likely be seen and a breakdown below 0.6848 support could trigger further downside movement towards 0.6700. Near term resistance is at 0.6940, only break above this...

GBPUSD Weekly Analysis – January 19, 2020

by ForexCycle.com | January 19, 2020 1:06 pm
GBPUSD is facing 1.2905 support, a breakdown below this level could signal resumption of the downtrend from 1.3514, then further decline to 1.2600 area could be seen. Near term resistance is at 1.3300, a break of this...

EURUSD Weekly Analysis – January 19, 2020

by ForexCycle.com | January 19, 2020 1:05 pm
EURUSD is facing the key support level at 1.1066, a breakdown below would confirm that the upside movement from 1.0981 had completed at 1.1239 already, then another fall towards 1.0800 could be seen. On the upside, as...