USDJPY Analysis – July 6, 2013

by ForexCycle.com | July 6, 2013 2:41 pm
USDJPY’s upward movement from 93.79 extends to as high as 101.22. Further rise to test 103.73 previous high resistance would likely be seen next week, a break above this level could signal resumption of the long term...

AUDUSD Analysis – July 6, 2013

by ForexCycle.com | July 6, 2013 2:40 pm
AUDUSD remains in downtrend from 1.0582, and the fall extends to as low as 0.9037. Resistance is located at the downwards trend line on daily chart, as long as the trend line resistance holds, the downtrend could...

GBPUSD Analysis – July 6, 2013

by ForexCycle.com | July 6, 2013 2:40 pm
GBPUSD breaks below 1.5008 support, suggest that the downtrend from 1.6339 has resumed. Further decline could be expected over the next several weeks, and the target would be at 1.4000 area.

EURUSD Analysis – July 6, 2013

by ForexCycle.com | July 6, 2013 2:39 pm
EURUSD is facing 1.2796 support, a breakdown below this level will confirm that the downtrend from 1.3711 has resumed, then the following downward movement could bring price to 1.2000 area.

Trading Signals: What Are Its Advantages?

by ForexCycle.com | July 4, 2013 12:45 pm
Entering the world of forex trading is both easy and hard. It is easy in the way that anyone can become a forex trader. There are no college degrees needed, no extra special training required, and no...

USDCAD Analysis – June 29, 2013

by ForexCycle.com | June 29, 2013 11:08 am
USDCAD’s upward movement from 1.0137 extends to as high as 1.0556. Further rise is still possible next week, and next target would be at 1.0700 area. Support is at 1.0400, only break below this level could signal...

USDCHF Analysis – June 29, 2013

by ForexCycle.com | June 29, 2013 11:07 am
No changed in our view, USDCHF remains in downtrend, the rise from 0.9130 is treated as correction of the downtrend. Resistance is at 95.70, as long as this level holds, the downtrend could be expected to resume,...

USDJPY Analysis – June 29, 2013

by ForexCycle.com | June 29, 2013 11:06 am
USDJPY’s rise from 93.79 extends to as high as 99.44. Further rise is still possible next week, and next target would be at 101.00 – 102.00 area. Now the price action from 103.73 is likely consolidation of...

AUDUSD Analysis – June 29, 2013

by ForexCycle.com | June 29, 2013 11:05 am
AUDUSD stays below a downward trend line on daily chart, and remains in downtrend from 1.0582, and the fall extends to as low as 0.9113. Further decline is still possible after a minor consolidation, and next target...

GBPUSD Analysis – June 29, 2013

by ForexCycle.com | June 29, 2013 11:05 am
GBPUSD is facing the support of the lower line of the price channel on daily chart. A clear break below the channel support will indicate that the downtrend from 1.6339 has resumed, then the following downward movement...