EURUSD Analysis – September 26, 2009

by ForexCycle.com | September 26, 2009 3:47 am
EURUSD may be forming a cycle top at 1.4843 level on daily chart. Range trading between 1.4500 and 1.4843 would more likely be seen next week. However, the price action from 1.4843 is treated as consolidation of...

USDCAD Analysis – September 19, 2009

by ForexCycle.com | September 19, 2009 3:02 am
USDCAD broke below 1.0632 previous low support, suggesting that a cycle top has been formed at 1.1101 level on daily chart. The pair is now in downtrend and deeper decline is expected to 1.0500 zone next week....

USDCHF Analysis – September 19, 2009

by ForexCycle.com | September 19, 2009 3:01 am
USDCHF remains in downtrend from 1.1021. As long as the resistance of falling trend line on 4-hour chart holds, we’d expect downtrend to continue and deeper decline is possible to 1.0200 level next week. Near term resistance...

USDJPY Analysis – September 19, 2009

by ForexCycle.com | September 19, 2009 3:00 am
USDJPY remains in downtrend from 97.78 and the fall extended further to as low as 90.12 level. Consolidation in a range between 90.12 and 93.29 would more likely be seen next week. As long as 93.29 resistance...

AUDUSD Analysis – September 19, 2009

by ForexCycle.com | September 19, 2009 2:59 am
AUDUSD remains in bullish movement from 0.6248. Further rise is still possible in a couple of week and target would be at 0.8900-0.9000 area. Near term support is at 0.8543, as long as this level holds, we’d...

GBPUSD Analysis – September 19, 2009

by ForexCycle.com | September 19, 2009 2:59 am
GBPUSD continues its range trading between 1.5801 and 1.7042. The fall from 1.6741 suggests deeper decline to test 1.6113 key support, a breakdown below this level will indicate that the uptrend from 1.3503 has completed at 1.7042...

EURUSD Analysis – September 19, 2009

by ForexCycle.com | September 19, 2009 2:58 am
EURUSD trades around the upper border of the rising price channel on daily chart, a clear break above the channel resistance will signal a great move towards 1.5100-1.5200 area. Near term support is at 1.4515, below this...

USDCAD Analysis – September 12, 2009

by ForexCycle.com | September 12, 2009 3:51 am
No changed in our view, USDCAD remains in range trading between 1.0632 and 1.1124. Another rise towards the upper border of the price channel to reach next cycle top on daily chart is still in favor, and...

USDCHF Analysis – September 12, 2009

by ForexCycle.com | September 12, 2009 3:50 am
USDCHF broke below 1.0366 (Dec 29, 2008) support, deeper decline is now in favor and next target would be at 1.0200-1.0300 area. Near term resistance is at the falling trend line on daily chart, as long as...

USDJPY Analysis – September 12, 2009

by ForexCycle.com | September 12, 2009 3:49 am
As expected, USDJPY broke below 91.73 previous low support, further fall to 88.00-90.00 area to reach next cycle bottom on daily chart is possible next week and the next cycle bottom is nearing. Key resistance is now...