GBPUSD Analysis – September 8, 2013
GBPUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.4813, the fall from 1.5717 could be treated as consolidation of the uptrend. As long as the trend line support holds, the...
Author: ForexCycle.com
EURUSD Analysis – September 8, 2013
EURUSD’s fall from 1.3451 extends to as low as 1.3105. Further decline is still possible, and next target would be at 1.3000 area. However, the fall is likely correction of the uptrend from 1.2756, another rise towards...
USDCAD Analysis – August 31, 2013
USDCAD remains in uptrend from 1.0245. Another rise to test 1.0608 previous high resistance is possible next week, a break above this level will indicate that the longer term uptrend from 0.9632 (Sep 14, 2012 low) has...
USDCHF Analysis – August 31, 2013
USDCHF remains in downtrend from 0.9751. As long as 0.9400 resistance holds, another fall to test 0.9130 support is possible, a breakdown below this level will signal resumption of the longer term downtrend from 0.9838, then further...
USDJPY Analysis – August 31, 2013
USDJPY broke above the upper line of the price channel on daily chart, and is now in uptrend from 95.81. Further rise would likely be seen next week, and next target would be at 101.00 area. Support...
AUDUSD Analysis – August 31, 2013
AUDUSD is facing 0.8847 support, a breakdown below this level will indicate that the downtrend from 1.0582 has resumed, then further decline to 0.8500 area could be seen.
GBPUSD Analysis – August 31, 2013
GBPUSD is facing the support of the upward trend line on daily chart, as long as the trend line support holds, the uptrend from 1.4813 could be expected to resume, and another rise towards 1.6000 is still...
EURUSD Analysis – August 31, 2013
EURUSD breaks below the lower line of the price channel on daily chart, suggesting that the uptrend from 1.2756 had completed at 1.3451 already. Deeper decline would likely be seen, and the target would be at 1.2900...
How to Trade Ichimoku using MT4 Multi Timeframes
Multi timeframe forex trading is essentially aligning your trade to flow in the direction of the larger wave, since the larger wave can take you in the correct, and often larger trend. While most of the time...
USDCAD Analysis – August 24, 2013
USDCAD’s upward movement from 1.0245 extends to as high as 1.0568. Further rise to test 1.0608 resistance is possible next week, a break of this level will signal resumption of the longer term uptrend from 0.9632 (Sep...