USDCAD Weekly Analysis – January 21, 2018

by ForexCycle.com | January 21, 2018 10:13 am
USDCAD moved sideways in a range between 1.2355 and 1.2590. As long as 1.2590 resistance holds, the downside movement could be treated as consolidation of the downtrend from 1.2920, and a breakdown below 1.2355 support could trigger...

USDJPY Weekly Analysis – January 21, 2018

by ForexCycle.com | January 21, 2018 10:13 am
USDJPY broke below 110.84 support, suggesting that the downside movement from 114.73 has resumed. Further decline would likely be seen in a couple of weeks and next target would be at 109.50, followed by 107.31. Resistance is...

AUDUSD Weekly Analysis – January 21, 2018

by ForexCycle.com | January 21, 2018 10:12 am
AUDUSD continued its upside movement from 0.7501 and the rise extended to as high as 0.8038. Further rise is still possible next week and next target would be at 0.8124 resistance. Near term support is at 0.7936,...

GBPUSD Weekly Analysis – January 21, 2018

by ForexCycle.com | January 21, 2018 10:11 am
GBPUSD’s upside movement from 1.3027 extended to as high as 1.3945. 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...

EURUSD Weekly Analysis – January 21, 2018

by ForexCycle.com | January 21, 2018 10:10 am
EURUSD extended its upside movement from 1.1554 to as high as 1.2323. 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...

USDCAD Weekly Analysis – January 14, 2018

by ForexCycle.com | January 14, 2018 10:06 am
USDCAD’s fall from 1.2920 extended to as low as 1.2355. Further decline is still possible after consolidation and next target would be at 1.2061 previous low support. Near term support is at 1.2355, a breakdown below this...

USDJPY Weekly Analysis – January 14, 2018

by ForexCycle.com | January 14, 2018 10:05 am
USDJPY is facing 110.84 support. A breakdown below this level could take price to next support level at 109.50. Below here would aim 107.31. On the upside, as long as 110.84 support holds, the price action in...

AUDUSD Weekly Analysis – January 14, 2018

by ForexCycle.com | January 14, 2018 10:05 am
AUDUSD extended its upside movement from 0.7501 to as high as 0.7924. Further rise is still possible after a minor consolidation and next target would be at 0.8124 resistance. Above this level would aim 0.8300 area. Near...

GBPUSD Weekly Analysis – January 14, 2018

by ForexCycle.com | January 14, 2018 10:04 am
GBPUSD broke above 1.3657 resistance, suggesting that the uptrend from 1.1946 (Oct 7, 2016 low) has resumed. Near term support is at 1.3590, followed by the rising trend line on the daily chart. As long as the...

EURUSD Weekly Analysis – January 14, 2018

by ForexCycle.com | January 14, 2018 10:03 am
EURUSD broke above 1.2092 resistance, suggesting that the uptrend from 1.0340 (Jan 3 low) has resumed. Near term support is at 1.2070, followed by the bullish trend line on the daily chart. As long as the price...