AUDUSD Analysis – November 21, 2009

by ForexCycle.com | November 21, 2009 4:50 am
AUDUSD stays in a rising price channel on daily chart and the price action from 0.9326 is more likely consolidation of uptrend from 0.7703. As long as the channel support holds, we’d expect uptrend to resume and...

GBPUSD Analysis – November 21, 2009

by ForexCycle.com | November 21, 2009 4:48 am
GBPUSD dropped from 1.6875 and is testing the support of the rising price channel on daily chart, if give way, deeper decline could be seen to test 1.6251 key support, a breakdown below this level will indicate...

EURUSD Analysis – November 21, 2009

by ForexCycle.com | November 21, 2009 4:45 am
EURUSD moved sideways in a range between 1.4626 and 1.5062. Lengthier consolidation in the trading range is possible next week. As long as 1.4626 support holds, another rise towards 1.5200 is still possible after consolidation and a...

USDCAD Analysis – November 14, 2009

by ForexCycle.com | November 14, 2009 11:56 am
USDCAD’s fall from 1.0852 extended to as low as 1.0416 level. If bearish continues next week, the fall from 1.0852 will be treated as resumption of long term downtrend, then deeper decline could be seen to re-test...

USDCHF Analysis – November 14, 2009

by ForexCycle.com | November 14, 2009 11:54 am
USDCHF remains in downtrend from 1.1021 and the price action from 1.0032 is treated as consolidation of downtrend. Deeper decline is still possible after consolidation and a break below 1.0032 could signal resumption of downtrend. Resistance is...

USDJPY Analysis – November 14, 2009

by ForexCycle.com | November 14, 2009 11:53 am
USDJPY formed a trading range between 88.01 and 92.32. Moving sideways in the range is expected and deeper decline to 88.50 is possible next week. However, rebound would more likely be seen before breaking below 88.01 previous...

AUDUSD Analysis – November 14, 2009

by ForexCycle.com | November 14, 2009 11:52 am
AUDUSD broke above 0.9326 previous high and reached as high as 0.9368. Further rise would more likely be seen next week and next target would be at 0.9450-0.9500 area. Support is remains at the lower border of...

GBPUSD Analysis – November 14, 2009

by ForexCycle.com | November 14, 2009 11:50 am
GBPUSD broke above 1.6741 resistance, suggesting that the fall from 1.7042 has completed at 1.5708 level already. Further rise towards 1.7042 would more likely be seen next week. Support level is at 1.6251, below this level will...

EURUSD Analysis – November 14, 2009

by ForexCycle.com | November 14, 2009 11:49 am
EURUSD stays in a trading range between 1.4626 and 1.5062. Sideways movement in the range is expected next week. However, price action from 1.5062 is more likely consolidation of uptrend from 1.3748, as long as 1.4626 support...

USDCAD Analysis – November 7, 2009

by ForexCycle.com | November 7, 2009 5:04 am
USDCAD remains in upward trend from 1.0206 and the fall from 1.0852 is more likely consolidation of uptrend. Another rise towards 1.1124 is expected after consolidation, and a break above 1.0852 could signal resumption of uptrend. Support...