USDCAD Weekly Analysis – November 3, 2018

by ForexCycle.com | November 3, 2018 4:04 am
USDCAD stays above a rising trend line on its daily chart and remains in the uptrend from 1.2782. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDJPY Weekly Analysis – November 3, 2018

by ForexCycle.com | November 3, 2018 4:03 am
USDJPY failed to break below the bottom support trend line of the price channel on the daily chart, suggesting that the pair remains in the uptrend from 104.63 and another rise towards 115.50 resistance would likely be...

AUDUSD Weekly Analysis – November 3, 2018

by ForexCycle.com | November 3, 2018 4:02 am
AUDUSD is facing the resistance of the bearish trend line on the daily chart. As long as the trend line resistance holds, the bounce from 0.7020 could be treated as consolidation for the downtrend from 0.8135 and...

GBPUSD Weekly Analysis – November 3, 2018

by ForexCycle.com | November 3, 2018 4:01 am
Being contained by 1.2661 support, GBPUSD rebounded from 1.2695. Further rise would likely be seen and next target would be at 1.3298 resistance. Near term support is at 1.2850, only a breakdown below this level could trigger...

EURUSD Weekly Analysis – November 3, 2018

by ForexCycle.com | November 3, 2018 4:01 am
EURUSD failed in its attempt to break below 1.1301 support. Another fall to test this level is still possible next week, and a breakdown could trigger further downside movement towards 1.1000. Near term resistance is at 1.1460,...

USDCAD Weekly Analysis – October 28, 2018

by ForexCycle.com | October 28, 2018 6:59 am
USDCAD broke above the bearish trend line on the daily chart, suggesting that the downside movement from 1.3385 had completed at 1.2782 already. Further rise is still possible and next target would be at 1.3300 area. Near...

USDJPY Weekly Analysis – October 28, 2018

by ForexCycle.com | October 28, 2018 6:59 am
USDJPY is facing the support of the price channel on the daily chart. As long as the channel support holds, the fall from 114.54 could be treated as consolidation for the uptrend from 104.63 and another rise...

AUDUSD Weekly Analysis – October 28, 2018

by ForexCycle.com | October 28, 2018 6:58 am
AUDUSD extended its downside movement from 0.8135 to as low as 0.7020. As long as the price is below the bearish trend line on the daily chart, further decline could be expected and next target would be...

GBPUSD Weekly Analysis – October 28, 2018

by ForexCycle.com | October 28, 2018 6:58 am
GBPUSD broke below 1.2921 support and extended its downside movement from 1.3298 to 1.2775 area. Deeper decline to test 1.2661 support is possible next week and a breakdown below this level could take the price to 1.2200...

EURUSD Weekly Analysis – October 28, 2018

by ForexCycle.com | October 28, 2018 6:57 am
EURUSD is now facing 1.1301 support. A breakdown below this level would indicate that the long term downtrend from 1.2555 has resumed, then next target would be at 1.1000 area. Near term resistance is at 1.1470, a...