ForexCycle

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AUDUSD Weekly Analysis – Sunday, Oct. 4
Sunday, October 4, 2020 5:27 PM EDT
AUDUSD extended its downside movement from 0.7413 to as low as 0.7005. A further decline will likely be seen, and the next target would be around the 0.6800 area.
In this article: FXA
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USDJPY Weekly Analysis – Sunday, Oct.4
Sunday, October 4, 2020 4:09 PM EDT
USDJPY moved sideways in a trading range between 104.00 and 107.05. As long as the price is below the falling trend line, the price action could be treated as consolidation for the downtrend from 111.71, and a further decline is still possible.
In this article: FXY
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USDCAD Weekly Analysis – Sunday, Oct. 4
Sunday, October 4, 2020 2:49 PM EDT
USDCAD broke above the top of the falling price channel and is now in the uptrend from 1.2993. A further rally will likely be seen in a couple of weeks, and the next target would be at around the 1.3600 area.
In this article: FXC
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EURUSD Weekly Analysis – Sunday, Oct. 4
Sunday, October 4, 2020 1:02 PM EDT
EURUSD’s fall from 1.2010 extended to as low as 1.1612. A deeper decline is still possible next week and the next target would be at 1.1500, followed by 1.1350.
In this article: FXE, UUP
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AUDUSD Weekly Analysis – Sunday, Sept. 27
Sunday, September 27, 2020 5:22 PM EDT
AUDUSD broke below the rising price channel, suggesting that the upside movement from 0.5507 had completed at 0.7413 already. A further decline could be expected in a couple of weeks, and the next target would be at the 0.6800 area.
In this article: FXA
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USDJPY Weekly Analysis – Sunday, Sept. 27
Sunday, September 27, 2020 3:32 PM EDT
USDJPY remains in the downtrend from 111.71, and the price action from 104.18 is a likely consolidation for the downtrend. As long as the price is below the falling trend line, the downside movement could be expected to resume.
In this article: FXY
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Indicators are commonly considered as abstract and confusing by a lot of people. Forex analysis can be obscured by indicators since there are so many options from which you can choose. What makes indicators fail so hard for some people?
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