USDCAD Analysis – December 8, 2012
USDCAD broke below the upward trend line on daily chart, suggesting that the uptrend from 0.9632 has completed at 1.0055 already. Further decline could be expected, and next target would be at 0.9800 area.
Author: ForexCycle.com
USDCHF Analysis – December 8, 2012
USDCHF failed to break below 0.9214 previous low support, and rebounded from 0.9241, suggesting that a cycle bottom had been formed on daily chart, and lengthier consolidation of the downtrend from 0.9971 is underway.
USDJPY Analysis – December 8, 2012
USDJPY remains in uptrend from 77.14, the fall from 82.83 is treated as consolidation of the uptrend. Another rise towards 86.00 could be expected after consolidation, and a break above 82.83 will signal resumption of the uptrend....
AUDUSD Analysis – December 8, 2012
AUDUSD’s upward movement from 1.0149 extends to as high as 1.0515. Further rise is still possible next week, and next target would be at 1.0550 area. Key support remains at the lower line of the price channel...
GBPUSD Analysis – December 8, 2012
GBPUSD had formed a cycle top at 1.6130 on daily chart. Further decline would likely be seen next week, and next target would be at 1.5900 area. Resistance is now at 1.6130, only break above this level...
EURUSD Analysis – December 8, 2012
EURUSD failed to break above 1.3171 previous high resistance and pulled back from 1.3125, suggesting that a cycle top had been formed on daily chart, and lengthier consolidation of the uptrend from 1.2042 is underway.
USDCAD Analysis – December 1, 2012
USDCAD is testing the support of the upward trend line on daily chart, a clear break below the trend line support will indicate that the uptrend from 0.9632 had completed at 1.0055 already, then the following downward...
USDCHF Analysis – December 1, 2012
USDCHF is facing 0.9214 support, a breakdown below this level could signal resumption of the downtrend from 0.9971, then the target would be at 0.8500 area.
USDJPY Analysis – December 1, 2012
USDJPY stays above a upward trend line on daily chart, and remains in uptrend from 77.14, the fall from 82.83 is treated as consolidation of the uptrend. Initial support is at 81.65, as long as this level...
AUDUSD Analysis – December 1, 2012
AUDUSD stays within a upward price channel on daily chart, and remains in uptrend from 1.0149, and the rise extends to as high as 1.0488. Further rise is still possible next week, and next target would be...