AUDUSD Analysis – November 10, 2012

by ForexCycle.com | November 10, 2012 10:08 am
AUDUSD’s upward movement from 1.0149 extends to as high as 1.0480. Further rise is still possible next week, and next target would be at 1.0550 area. Support is at 1.0330, only break below this level will indicate...

GBPUSD Analysis – November 10, 2012

by ForexCycle.com | November 10, 2012 10:08 am
GBPUSD’s downward movement from 1.6309 extends to as low as 1.5887. Further decline could be expected next week, and next target would be at 1.5700 area. Resistance is now at the downward trend line on daily chart,...

EURUSD Analysis – November 10, 2012

by ForexCycle.com | November 10, 2012 10:06 am
EURUSD breaks below 1.2803 support and reaches as low as 1.2690, suggesting that lengthier consolidation of the uptrend from 1.2042 is underway. Deeper decline is still possible next week, and next target would be at 1.2600 area.

USDCAD Analysis – November 3, 2012

by ForexCycle.com | November 3, 2012 5:41 am
USDCAD remains in uptrend from 0.9632, the fall from 1.0019 is treated as consolidation of the uptrend. Support is at the lower line of the price channel on daily chart, as long as the trend line support...

USDCHF Analysis – November 3, 2012

by ForexCycle.com | November 3, 2012 5:40 am
USDCHF is facing 0.9437 resistance, a break above this level will indicate that lengthier consolidation of the downtrend from 0.9971 is underway, then further rally to 0.9500-0.9600 area could be seen. Support is at 0.9300, only break...

USDJPY Analysis – November 3, 2012

by ForexCycle.com | November 3, 2012 5:39 am
USDJPY continues its upward movement from 77.14, and the rise extends to as high as 80.67. Support is now at the upward trend line on daily chart, as long as the trend line support holds, the uptrend...

AUDUSD Analysis – November 3, 2012

by ForexCycle.com | November 3, 2012 5:38 am
AUDUSD may be forming a cycle top at 1.0418 on daily chart. Pullback to 1.0200 area would likely be seen next week. Resistance is at 1.0418, only break above this level could trigger another rise to test...

GBPUSD Analysis – November 3, 2012

by ForexCycle.com | November 3, 2012 5:37 am
GBPUSD remains in the downward movement from 1.6309. Further decline is still possible, and the target would be at 1.5800 area. However, the fall would possibly be consolidation of the longer term uptrend from 1.5268, one more...

EURUSD Analysis – November 3, 2012

by ForexCycle.com | November 3, 2012 5:34 am
EURUSD is facing 1.2803 support, a breakdown below this level will indicate that lengthier consolidation of the uptrend from 1.2042 is underway, then deeper decline to 1.2600-1.2700 area to complete the consolidation could be seen.

USDCAD Analysis – October 27, 2012

by ForexCycle.com | October 27, 2012 1:46 pm
USDCAD’s upward movement from 0.9632 extends to as high as 0.9993. Further rise is still possible after consolidation, and next target would be at 1.0100 area. Support is at 0.9800, only break below this level could trigger...