USDCAD Weekly Analysis – December 18, 2016

by ForexCycle.com | December 18, 2016 12:50 pm
USDCAD failed to break below the bottom of the price channel on daily chart, indicating that the pair remains in uptrend from 1.2460. As long as the channel support holds, the uptrend could be expected to continue,...

USDJPY Weekly Analysis – December 18, 2016

by ForexCycle.com | December 18, 2016 12:49 pm
USDJPY continued its upward movement from 101.18 and the rise extended to as high as 118.66. Support is at 114.73, as long as this level holds, the uptrend could be expected to continue, and next target would...

AUDUSD Weekly Analysis – December 18, 2016

by ForexCycle.com | December 18, 2016 12:48 pm
AUDUSD broke below 0.7310 support and continued its downward movement from 0.7778. Further decline could be expected over the next several weeks, and next target would be at 0.6900 area. Resistance is now at 0.7524, only break...

GBPUSD Weekly Analysis – December 18, 2016

by ForexCycle.com | December 18, 2016 12:47 pm
GBPUSD broke below the upward trend line on daily chart, indicate that the uptrend from 1.1946 had completed at 1.2774 already. Deeper decline to test 1.1946 support would likely be seen in a couple of weeks, a...

EURUSD Weekly Analysis – December 18, 2016

by ForexCycle.com | December 18, 2016 12:46 pm
EURUSD broke below 1.0462 (Mar 13, 2015 low) support, indicating that the long term downtrend from 1.3993 (May 8, 2014 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be...

USDCAD Weekly Analysis – December 11, 2016

by ForexCycle.com | December 11, 2016 1:32 pm
USDCAD stays in the upward price channel on daily chart, and remains in uptrend from 1.2460, as long as the channel support support holds, the fall from 1.3588 could be treated as consolidation of the uptrend. Another...

USDJPY Weekly Analysis – December 11, 2016

by ForexCycle.com | December 11, 2016 1:32 pm
USDJPY’s upward movement from 101.18 extended to as high as 115.36. Key support is at 111.35, as long as this level holds, the uptrend could be expected to continue, and next target would be at 120.00 area....

AUDUSD Weekly Analysis – December 11, 2016

by ForexCycle.com | December 11, 2016 1:31 pm
No changed in our view, AUDUSD remains in downtrend from 0.7778. Resistance is at 0.7530, as long as this level holds, another fall to 0.6900 area could be expected after a minor consolidation. Only break above 0.7530...

GBPUSD Weekly Analysis – December 11, 2016

by ForexCycle.com | December 11, 2016 1:31 pm
GBPUSD stays above the upward trend line on daily chart, and remains in uptrend from 1.1946. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...

EURUSD Weekly Analysis – December 11, 2016

by ForexCycle.com | December 11, 2016 1:30 pm
EURUSD remains in downtrend from 1.1366, the price action from 1.0518 is likely consolidation of the downtrend. Further decline to test 1.0462 (Mar 13, 2015 low) support is possible, and a breakdown below this level will indicate...