AUDUSD Analysis – May 11, 2013

by ForexCycle.com | May 11, 2013 1:49 pm
AUDUSD’s downward movement from 1.0582 extends to as low as 0.9961. Further decline could be expected after a minor consolidation, and next target would be at 0.9700 area. Resistance is at 1.0150, as long as this level...

GBPUSD Analysis – May 11, 2013

by ForexCycle.com | May 11, 2013 1:48 pm
GBPUSD remains in uptrend from 1.4831, the fall from 1.5605 is likely consolidation of the uptrend. Support is at the lower line of the price channel on daily chart, as long as the channel support holds, the...

EURUSD Analysis – May 11, 2013

by ForexCycle.com | May 11, 2013 1:46 pm
EURUSD breaks below 1.2955 support, suggesting that the upward movement from 1.2747 had completed at 1.3242 already. Deeper decline to test 1.2747 support would likely be seen next week,

USDCAD Analysis – May 5, 2013

by ForexCycle.com | May 5, 2013 1:12 pm
USDCAD broke below 1.0083 support, suggesting that the downtrend from 1.0341 has resumed. Further decline could be seen over the next several days, and next target would be at 1.0000 area.

USDCHF Analysis – May 5, 2013

by ForexCycle.com | May 5, 2013 1:11 pm
USDCHF stays in a trading range between 0.9206 and 0.9567. Support is at 0.9206, a breakdown below this level will indicate that the downtrend from 0.9567 has resumed, then further decline towards 0.9000 could be seen.

USDJPY Analysis – May 5, 2013

by ForexCycle.com | May 5, 2013 1:10 pm
USDJPY moves sideways in a range between 95.82 and 99.94. As long as 95.82 support holds, the price action in the range is treated as consolidation of the uptrend from 77.14, one more rise towards 105.00 is...

AUDUSD Analysis – May 5, 2013

by ForexCycle.com | May 5, 2013 1:10 pm
AUDUSD remains in downtrend from 1.0582, the rise from 1.0220 is treated as consolidation of the downtrend. Resistance is at 1.0400, as long as this level holds, the downtrend could be expected to resume, another fall towards...

GBPUSD Analysis – May 5, 2013

by ForexCycle.com | May 5, 2013 1:09 pm
GBPUSD stays in a upward price channel on daily chart, and remains in uptrend from 1.4831. Support is located at the lower line of the channel, as long as the channel support holds, the uptrend could be...

EURUSD Analysis – May 5, 2013

by ForexCycle.com | May 5, 2013 1:07 pm
EURUSD stays in a trading range between 1.2955 and 1.3242. As long as 1.2955 support holds, the price action in the range is treated as consolidation of the uptrend from 1.2747, another rise towards 1.3500 could be...

USDCAD Analysis – April 27, 2013

by ForexCycle.com | April 27, 2013 7:25 am
USDCAD remains in downtrend from 1.0341, the rise from 1.0083 is likely correction of the downtrend. Further decline could be expected next week, and next target would be at 1.0000. Key resistance is at 1.0293, only break...