EURUSD Weekly Analysis – March 22, 2020

by ForexCycle.com | March 22, 2020 9:49 am
EURUSD extended its downside movement from 1.1496 to as low as 1.0637, breaking below 1.0778 support. Further decline could be expected after a minor consolidation and next target would be at 1.0400 area. Near term resistance is...

USDCAD Weekly Analysis – March 15, 2020

by ForexCycle.com | March 15, 2020 12:35 pm
USDCAD extended its upside movement from 1.2951 to as high as 1.3994. Further rise would likely be seen after a minor consolidation and next target would be at 1.4500 area. Near term support is at 1.3670, a...

USDJPY Weekly Analysis – March 15, 2020

by ForexCycle.com | March 15, 2020 12:34 pm
USDJPY’s downside movement from 112.22 had completed at 101.17 already. Another rise towards 113.00 would likely be seen over the next several weeks. Near term support is at 105.20, only break below this level could bring the...

AUDUSD Weekly Analysis – March 15, 2020

by ForexCycle.com | March 15, 2020 12:32 pm
AUDUSD extended its downside movement from 0.7031 to as low as 0.6122. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next...

GBPUSD Weekly Analysis – March 15, 2020

by ForexCycle.com | March 15, 2020 12:31 pm
GBPUSD extended its downside movement from 1.3514 to as low as 1.2265. Further decline is still possible and next target would be at 1.2050 area. Resistance is at 1.2650, a breakout of this level could trigger another...

EURUSD Weekly Analysis – March 15, 2020

by ForexCycle.com | March 15, 2020 12:29 pm
EURUSD broke below 1.1200 support, suggesting that the upside movement from 1.0778 had completed at 1.1496 already. Further decline would likely be seen and next target would be at 1.0778 support. Near term resistance is at 1.1250,...

USDCAD Weekly Analysis – March 8, 2020

by ForexCycle.com | March 8, 2020 2:18 pm
USDCAD stays above a rising trend line on the daily chart and remains in the uptrend from 1.2951. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDJPY Weekly Analysis – March 8, 2020

by ForexCycle.com | March 8, 2020 2:16 pm
USDJPY dropped sharply from 112.22 to as low as 104.99. Further decline could be expected after a minor consolidation and next target would be at 104.44 support, followed by 102.00 area. Near term resistance is at 106.20,...

AUDUSD Weekly Analysis – March 8, 2020

by ForexCycle.com | March 8, 2020 2:14 pm
AUDUSD broke above the falling trend line on the daily chart, suggesting that the downtrend from 0.7031 had completed at 0.6433 already. Further rally could be expected and next target would be at 0.6900 area. Near term...

GBPUSD Weekly Analysis – March 8, 2020

by ForexCycle.com | March 8, 2020 2:04 pm
GBPUSD’s bounce from 1.2725 extended to as high as 1.3051. Further rally would likely be seen next week and the target would be at the falling trend line on the daily chart. As long as the trend...