USDCAD Weekly Analysis – September 3, 2017

by ForexCycle.com | September 3, 2017 11:18 am
USDCAD broke below 1.2413 support, indicating that the downtrend from 1.3793 has resumed. Further decline could be expected in a couple of weeks and next target would be at 1.2050. Key resistance is at 1.2778, only break...

USDJPY Weekly Analysis – September 3, 2017

by ForexCycle.com | September 3, 2017 11:17 am
USDJPY failed to break below 108.13 and rebounded from 108.26. A break above 110.94 key resistance could signal completion of the downside movement from 114.49, then another rise to retest 115.50 resistance could be seen. However, as...

AUDUSD Weekly Analysis – September 3, 2017

by ForexCycle.com | September 3, 2017 11:16 am
AUDUSD remains in the uptrend from 0.7328, the price action from 0.8065 is likely consolidation of the uptrend. Near term support is at the bullish trend line on the daily chart. As long as the price is...

GBPUSD Weekly Analysis – September 3, 2017

by ForexCycle.com | September 3, 2017 11:15 am
GBPUSD stays in a rising price channel on the daily chart and remains in the uptrend from 1.1987. As long as the price is in the channel, the fall from 1.3267 could be treated as consolidation of...

EURUSD Weekly Analysis – September 3, 2017

by ForexCycle.com | September 3, 2017 11:14 am
EURUSD extended its bullish movement from 1.0569 to as high as 1.2070. Further rise is still possible in a couple of weeks and next target would be at 1.2165, followed by 1.2700. Near term support is at...

USDCAD Weekly Analysis – August 27, 2017

by ForexCycle.com | August 27, 2017 2:32 pm
USDCAD is facing 1.2413 support, a breakdown below this level could signal resumption of the downtrend from 1.3793, then next target would be at 1.2300, followed by 1.2050. Resistance is at 1.2778, only a break above this...

USDJPY Weekly Analysis – August 27, 2017

by ForexCycle.com | August 27, 2017 2:32 pm
USDJPY is facing 108.13 support, a breakdown below this level could take price to next support level at 106.50 – 105.00 area. Near term resistance is at 110.94, only break above this level could trigger another rise...

AUDUSD Weekly Analysis – August 27, 2017

by ForexCycle.com | August 27, 2017 2:31 pm
AUDUSD stays above a bullish trend line on its daily chart and remains in the uptrend from 0.7328. As long as the trend line support holds, the uptrend could be expected to continue and next target would...

GBPUSD Weekly Analysis – August 27, 2017

by ForexCycle.com | August 27, 2017 2:30 pm
GBPUSD remains in the upside movement from 1.1987, the fall from 1.3267 would possibly be consolidation of the uptrend. Near term support is a the bottom trend line of the price channel on the daily chart. As...

EURUSD Weekly Analysis – August 27, 2017

by ForexCycle.com | August 27, 2017 2:30 pm
After consolidation, EURUSD extended its bullish movement to as high as 1.1941, suggesting that the uptrend from 1.0569 has resumed. Further rise could be expected in a couple of weeks, and next target would be at 1.2165...