EURUSD Weekly Analysis – April 19, 2020

by ForexCycle.com | April 19, 2020 2:40 am
EURUSD continued its sideways movement in a trading range between 1.0635 and 1.1147. The sideways movement is likely consolidation for the downtrend from 1.1496 and another fall towards 1.0400 could be expected after the consolidation, only break...

USDCAD Weekly Analysis – April 12, 2020

by ForexCycle.com | April 12, 2020 9:34 am
USDCAD is facing 1.3920 support, a breakdown below this level could take the price to 1.3700 area. Near term resistance is at 1.4100, a break of this level could trigger another upside movement towards 1.4600.

USDJPY Weekly Analysis – April 12, 2020

by ForexCycle.com | April 12, 2020 9:33 am
USDJPY is in consolidation for the uptrend from 101.17. Range trading between 106.90 and 111.71 would likely be seen in a couple of days. As long as 106.90 support holds, the uptrend could be expected to resume...

AUDUSD Weekly Analysis – April 12, 2020

by ForexCycle.com | April 12, 2020 9:32 am
AUDUSD extended its upside movement from 0.5507 to as high as 0.6367. Further rise would likely be seen and next target would be at the falling trend line on the daily chart. Near term support is at...

GBPUSD Weekly Analysis – April 12, 2020

by ForexCycle.com | April 12, 2020 9:31 am
GBPUSD is now in the uptrend from 1.1409, the pullback from 1.2485 is likely consolidation for the uptrend. Further rise would likely be seen and a break of 1.2485 resistance could trigger further upside movement towards the...

EURUSD Weekly Analysis – April 12, 2020

by ForexCycle.com | April 12, 2020 9:30 am
EURUSD moved sideways in a trading range between 1.0635 and 1.1147. As long as 1.1147 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.1496, and further decline to...

USDCAD Weekly Analysis – April 5, 2020

by ForexCycle.com | April 5, 2020 7:21 am
USDCAD remains in the uptrend from 1.2951, the pullback from 1.4667 is likely consolidation for the uptrend. As long as 1.3920 support holds, the upside movement could be expected to resume, and further rise towards 1.1500 is...

USDJPY Weekly Analysis – April 5, 2020

by ForexCycle.com | April 5, 2020 7:20 am
USDJPY failed to break above 112.22 resistance and pulled back from 111.71. However, the fall from 111.71 is likely corrective consolidation for the uptrend from 101.17, as low as 106.90 support holds, another rise to test 112.22...

AUDUSD Weekly Analysis – April 5, 2020

by ForexCycle.com | April 5, 2020 7:10 am
AUDUSD rebounded strongly from 0.5507, suggesting that the downside movement from 0.7031 had completed. Further rally would likely be seen and a breakout of 0.6213 resistance could trigger further upside movement towards the falling trend line on...

GBPUSD Weekly Analysis – April 5, 2020

by ForexCycle.com | April 5, 2020 7:09 am
GBPUSD rebounded strongly from 1.1409, suggesting that the downside movement from 1.3514 had completed. Further rally would likely be seen after a minor consolidation and a break of 1.2485 resistance could take the price towards the falling...