EURUSD Analysis – May 18, 2013
EURUSD is facing 1.2747 support, as long as this level holds, the fall from 1.3242 could be treated as correction of the uptrend from 1.2747, another rise to 1.3500 area is still possible after correction.
Author: ForexCycle.com
USDCAD Analysis – May 11, 2013
USDCAD remains in downtrend from 1.0293, the rise from 1.0013 is likely consolidation of the downtrend. Resistance is at 1.0200, as long as this level holds, the downtrend could be expected to resume, and another fall towards...
USDCHF Analysis – May 11, 2013
USDCHF breaks above 0.9567 resistance, suggesting that the uptrend from 0.9021 has resumed. Further rise is still possible next week, and the target would be at 0.9750 area. Support is at 0.9480, only break below this level...
USDJPY Analysis – May 11, 2013
After a sideways consolidation, USDJPY broke above 99.94 resistance and reaches as high as 101.98, suggesting that the uptrend from 77.14 has resumed. Further rise is still possible next week, and next target would be at 105.00...
AUDUSD Analysis – May 11, 2013
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
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
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
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
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
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...