USDCAD Weekly Analysis – April 21, 2019

by ForexCycle.com | April 21, 2019 12:29 am
USDCAD moved sideways in a trading range between 1.3250 and 1.3467 for several weeks. Support is at 1.3250, a breakdown below this level could take the price to 1.3000 area. Resistance is at 1.3467, a breakout of...

USDJPY Weekly Analysis – April 21, 2019

by ForexCycle.com | April 21, 2019 12:28 am
USDJPY break above 112.13 resistance, suggesting that the uptrend from 105.05 has resumed. Further rise could be expected in a couple of weeks and next target would be at 114.00 area. Support is located at the rising...

AUDUSD Weekly Analysis – April 21, 2019

by ForexCycle.com | April 21, 2019 12:28 am
AUDUSD’s upside movement from 0.7003 extended to as high as 0.7205. 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 target...

GBPUSD Weekly Analysis – April 21, 2019

by ForexCycle.com | April 21, 2019 12:27 am
GBPUSD remains in the uptrend from 1.2396, as long as 1.2960 support holds, the pullback from 1.3381 could be treated as consolidation for the uptrend. Key resistance is at 1.3132, a break of this level could trigger...

EURUSD Weekly Analysis – April 21, 2019

by ForexCycle.com | April 21, 2019 12:26 am
EURUSD moved sideways in a trading range between 1.1176 and 1.1448 for several weeks. As long as 1.1448 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.2555 (Feb...

USDCAD Weekly Analysis – April 13, 2019

by ForexCycle.com | April 13, 2019 8:20 am
USDCAD continued its sideways movement in a trading range between 1.3250 and 1.3467. Another fall to test 1.3250 support would likely be seen next week, a breakdown below this level could trigger another fall towards 1.3000. Resistance...

USDJPY Weekly Analysis – April 13, 2019

by ForexCycle.com | April 13, 2019 8:19 am
USDJPY is testing 112.13 resistance. A breakout of this level would indicate that the upside movement from 105.05 has resumed, then next target would be at 114.00 area. Support is at the rising trend line on the...

AUDUSD Weekly Analysis – April 13, 2019

by ForexCycle.com | April 13, 2019 8:18 am
AUDUSD broke above the falling price channel on the daily chart, suggesting that the downside movement from 0.7295 had completed at 0.7003 already. Further rally could be expected in a couple of weeks and next target would...

GBPUSD Weekly Analysis – April 13, 2019

by ForexCycle.com | April 13, 2019 8:17 am
GBPUSD is facing 1.2960 support. A breakdown below this level would indicate that the upside movement from 1.2396 had completed at 1.3381 already, then further decline to 1.2600 area could be seen. On the upside, as long...

EURUSD Weekly Analysis – April 13, 2019

by ForexCycle.com | April 13, 2019 8:16 am
EURUSD failed to break below 1.1176 support and stayed in a trading range between 1.1176 and 1.1448, suggesting that lengthier consolidation for the downtrend from 1.1815 is needed. As long as 1.1448 key resistance holds, the downside...