EURUSD Weekly Analysis – February 9, 2020

by ForexCycle.com | February 9, 2020 11:34 am
EURUSD’s fall from 1.1239 extended to as low as 1.0942. 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 target would...

USDCAD Weekly Analysis – February 2, 2020

by ForexCycle.com | February 2, 2020 1:43 pm
USDCAD broke above the falling price channel on the daily chart. Further rally is still possible next week and next target would be at 1.3360 area. Near term support is at 1.3150, a breakdown below this level...

USDJPY Weekly Analysis – February 2, 2020

by ForexCycle.com | February 2, 2020 1:42 pm
USDJPY is facing the support of the rising price channel on the daily chart. As long as the channel support holds, the pullback from 110.28 could be treated as consolidation for the uptrend from 104.44, another rise...

AUDUSD Weekly Analysis – February 2, 2020

by ForexCycle.com | February 2, 2020 1:41 pm
AUDUSD is facing 0.6670 support, a breakdown below this level could trigger further downside movement to 0.6450 area. Resistance is located at the falling trend line on the daily chart, only a breakout of the trend line...

GBPUSD Weekly Analysis – February 2, 2020

by ForexCycle.com | February 2, 2020 1:39 pm
GBPUSD continued its sideways movement in a trading range between 1.2905 and 1.3284. The sideways movement is likely consolidation for the uptrend from 1.1958, a break of 1.3284 resistance could trigger further upside movement towards 1.3800. On...

EURUSD Weekly Analysis – February 2, 2020

by ForexCycle.com | February 2, 2020 1:38 pm
EURUSD is facing the resistance of the falling trend line on the daily chart. As long as the trend line resistance holds, the downside movement from 1.1239 could be expected to continue and next target would be...

USDCAD Weekly Analysis – January 26, 2020

by ForexCycle.com | January 26, 2020 2:40 am
USDCAD’s bounce from 1.2951 extended to as high as 1.3170. Further rise would likely be seen next week and the target would be at the top of the price channel on the daily chart. On the downside,...

USDJPY Weekly Analysis – January 26, 2020

by ForexCycle.com | January 26, 2020 2:39 am
Being contained by the rising price channel on the daily chart, USDJPY pulled back from 110.28. Further decline is still possible next week and the target would be at the bottom of the channel. Near term resistance...

AUDUSD Weekly Analysis – January 26, 2020

by ForexCycle.com | January 26, 2020 2:38 am
AUDUSD extended its downside movement from 0.7031 to as low as 0.6817. 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 – January 26, 2020

by ForexCycle.com | January 26, 2020 2:37 am
GBPUSD moved sideways in a trading range between 1.2905 and 1.3284. Support is at 1.2905, a breakdown below this level would confirm that the upside movement from 1.1958 had completed at 1.3514 already, then further decline to...