EURUSD Weekly Analysis – February 23, 2020

by ForexCycle.com | February 23, 2020 10:50 am
EURUSD stays in a bearish price channel on the daily chart and remains in the downtrend from 1.1239. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

USDCAD Weekly Analysis – February 16, 2020

by ForexCycle.com | February 16, 2020 2:14 pm
USDCAD stays in a rising price channel on the daily chart and remains in the uptrend from 1.2951. As long as the channel support holds, the upside movement could be expected to continue and next target would...

USDJPY Weekly Analysis – February 16, 2020

by ForexCycle.com | February 16, 2020 2:13 pm
USDJPY remains in the uptrend from 104.44. As long as the price is in the rising price channel on the daily chart, the upside movement could be expected to continue and next target would be at 110.80...

AUDUSD Weekly Analysis – February 16, 2020

by ForexCycle.com | February 16, 2020 2:11 pm
AUDUSD stays below a falling trend line on the daily chart and remains in the downtrend from 0.7031. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

GBPUSD Weekly Analysis – February 16, 2020

by ForexCycle.com | February 16, 2020 2:07 pm
GBPUSD stays in a falling price channel on the daily chart and remains in the downtrend from 1.3514. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

EURUSD Weekly Analysis – February 16, 2020

by ForexCycle.com | February 16, 2020 2:05 pm
EURUSD extended its downside movement from 1.1239 to as low as 1.0827, breaking below 1.0879 support. Further decline could be expected after a minor consolidation and next target would be at 1.0600 area. Near term resistance is...

USDCAD Weekly Analysis – February 9, 2020

by ForexCycle.com | February 9, 2020 11:39 am
USDCAD broke above the falling price channel on the daily chart, suggesting that the downside movement from 1.3382 had completed at 1.2951 already. Further rally would likely be seen and next target would be at 1.3382 resistance,...

USDJPY Weekly Analysis – February 9, 2020

by ForexCycle.com | February 9, 2020 11:37 am
USDJPY stays in a rising price channel on the daily chart and remains in the uptrend from 104.44. As long as the channel support holds, the upside movement could be expected to continue and the target would...

AUDUSD Weekly Analysis – February 9, 2020

by ForexCycle.com | February 9, 2020 11:36 am
AUDUSD extended its downside movement from 0.7031 to as low as 0.6661, breaking below 0.6670 support. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected...

GBPUSD Weekly Analysis – February 9, 2020

by ForexCycle.com | February 9, 2020 11:35 am
GBPUSD broke below 1.2905 support, suggesting that the upside movement from 1.1958 had completed at 1.3514 already. Further decline would likely be seen in a couple of weeks and next target would be at 1.2500 area. Resistance...